CRH buys Texas assets for $2.1bn from Martin Marietta
Building materials group acquires cement and concrete plants in US and upgrades annual earnings forecast
Mergers & Acquisitions
The Zombie notpocalypse
Easy money has not bred the undead
Central banks
OpenAI board stands firm in face of staff revolt over Sam Altman’s ouster
More than 95% of employees have threatened to quit and join Microsoft if board refuses to resign
Artificial intelligence
The Sam Altman effect: ‘His superpower is getting people onside’
Ousted OpenAI chief inspires staff and investors as leader of the generative AI revolution
Artificial intelligence
Northvolt in new sodium-ion battery breakthrough
Swedish start-up has developed an energy storage technology with no critical minerals including lithium which could minimise reliance on China
Electric vehicles, Batteries
OpenAI: Silicon Valley’s newest boardroom fiasco
Plus, Jeff Zucker throws his hat in The Telegraph ring and private equity buys back its IPO flops
Mergers & Acquisitions
McDonald’s to buy Carlyle’s stake in its China business for $1.8bn
Citic Capital to remain majority shareholder in fast-food chain’s local operation
Mergers & Acquisitions
Kraken sued by SEC in latest clampdown on crypto exchanges
Wall Street regulator says trading venue commingled customer funds with its own
Financial & markets regulation
Nvidia investors weigh risks from US’s China chip rules ahead of earnings
Market will look to forward guidance for indication of how bad disruption may be from AI processor export controls
Artificial intelligence
OpenAI/Microsoft: non-profit’s mission is at odds with its biggest investor
The AI company depends on Microsoft’s cloud computing resources and the $10bn investment it pledged
Artificial intelligence