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(Bloomberg) -- Amazon.com Inc. founder Jeff Bezos joined Samsung in a $700 million bet on Tenstorrent, valuing the AI chip startup with ambitions of taking on Nvidia Corp. at about $2.6 billion.Most Read from BloombergRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsAs Wars Rage, Cities Face a Dark New Era of Urban DestructionTenstorrent, which hopes to create a chip to try and break Nvidia’s stranglehold on the AI business, raised capital in a funding round led by South Korea’s AF

A new round of U.S. solar panel import tariffs on Southeast Asian producers is expected to raise consumer prices and cut into producer profit margins, but was largely anticipated by industry, analysts said. The new duties announced on Friday by the Commerce Department extend the United States' anti-dumping regime in Southeast Asia to solar cells, from just finished modules previously.

Top oil exporter Saudi Arabia is expected to slash crude prices for Asian buyers in January to the lowest in years, largely tracking a slump in Middle East benchmark prices last month, traders said on Monday. The January official selling price (OSP) for flagship Arab Light may fall by 70 to 90 cents a barrel from December to at least a four-year low, six sources at Asian refineries said in a Reuters survey. The price cuts come after the gap between front and third-month Dubai prices narrowed in backwardation by 86 cents in November from the month before, Reuters data showed, despite TotalEnergies snapping up as much as 15.5 million barrels of crude on the S&P Global Platts window.

Adani Power said on Monday it has no indication that the Bangladesh government is reviewing a power purchase agreement with the company, a day after Reuters reported that the country is looking to renegotiate the deal. Reuters reported on Sunday that Bangladesh wants to sharply lower prices under the deal with Adani Group, unless it is cancelled by a court that has called for an investigation into the 25-year deal. The High Court ordered a committee of experts last week to examine the contract under which Adani supplies power from a $2 billion coal-fired plant in eastern India.

(Bloomberg) -- Japanese memory maker Kioxia Holdings Corp. has set a tentative price range for its initial public offering that’s in line with its earlier indication.Most Read from BloombergRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsAs Wars Rage, Cities Face a Dark New Era of Urban DestructionThe price range was set at ¥1,390 ($9.23) to ¥1,520, compared with the indicative price of ¥1,390 per share, according to its filing. Calculation based on the upper range suggests that w

(Bloomberg) -- I Squared Capital made a rival non-binding offer for HKBN Ltd., people familiar with the matter said, potentially setting up a bidding war for the Hong Kong-listed broadband provider.Most Read from BloombergRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsAs Wars Rage, Cities Face a Dark New Era of Urban DestructionThe infrastructure-focused investor submitted a preliminary proposal for HKBN that’s slightly higher than one by China Mobile last month, the people said,

Bangladesh wants to sharply lower prices under a power purchase deal with India's embattled Adani Group unless it is cancelled by a court, which has called for an investigation into the 25-year deal, its de facto energy minister told Reuters on Sunday. Adani Group founder Gautam Adani is already facing allegations by U.S. authorities that he was part of a $265 million bribery scheme in India, charges he has denied, even as one Indian state reviews a power deal with the group and France's TotalEnergies pauses its investments. In Bangladesh, based on an appeal by a lawyer demanding the power deal's potential cancellation, the High Court last week ordered a committee of experts to examine the contract under which Adani supplies power from a $2 billion coal-fired plant in eastern India.

(Bloomberg) -- Ark Investment Management LLC’s Cathie Wood said she welcomes an expected era of looser regulation once Donald Trump is inaugurated as president, notably on technology, cryptocurrencies and digital assets.Most Read from BloombergRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsAs Wars Rage, Cities Face a Dark New Era of Urban Destruction“The US almost lost our footing in the cryptocurrency world,” the Ark founder and chief executive officer said, citing “too much reg

(Bloomberg) -- Elon Musk asked a federal court to block OpenAI from pursuing an “illegal” conversion to a for-profit business, saying that a pause on the ChatGPT maker’s accelerating dominance is urgently needed to protect his own artificial intelligence startup as well as the public. Most Read from BloombergRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsAs Wars Rage, Cities Face a Dark New Era of Urban DestructionIn his latest court filing, Musk continued his months-long attack

(Bloomberg) -- Chinese tech giant Baidu Inc. has won Hong Kong’s first license to test autonomous vehicles in the city as the company seeks to expand its driverless technology beyond mainland China. Most Read from BloombergRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesBaidu’s Apollo International unit will be allowed to conduct a trial of 10 autonomous vehicles in the North Lantau area, according to Hong Kong’s Transpo