1736125167-0/image-(2)1736125167-0.jpg)
DENVER — Amid renewed interest in the killing of JonBenet Ramsey triggered in part by a new Netflix documentary, police in Boulder, Colorado, refuted assertions this week that there is viable evidence and leads about the 1996 killing of the 6-year-old girl that they are not pursuing. JonBenet Ramsey, who competed in beauty pageants, was found dead in the basement of her family's home in the college town of Boulder the day after Christmas in 1996. Her body was found several hours after her mother called 911 to say her daughter was missing and a ransom note was left behind. The gravesite of JonBenet Ramsey is covered with flowers Jan. 8, 1997, at St. James Episcopal Cemetery in Marietta, Ga. JonBenet was bludgeoned and strangled. Her death was ruled a homicide, but nobody was ever prosecuted. The details of the crime and video footage of JonBenet competing in pageants propelled the case into one of the highest-profile mysteries in the United States. The police comments came as part of their annual update on the investigation, a month before the 28th anniversary of JonBenet's killing. Police said they released it a little earlier due to the increased attention on the case, apparently referring to the three-part Netflix series "Cold Case: Who Killed JonBenet Ramsey." In a video statement, Boulder Police Chief Steve Redfearn said the department welcomes news coverage and documentaries about the killing of JonBenet, who would have been 34 this year, as a way to generate possible new leads. He said the department is committed to solving the case but needs to be careful about what it shares about the investigation to protect a possible future prosecution. "What I can tell you though, is we have thoroughly investigated multiple people as suspects throughout the years and we continue to be open-minded about what occurred as we investigate the tips that come in to detectives," he said. The Netflix documentary focuses on the mistakes made by police and the "media circus" surrounding the case. A police officer sits in her cruiser Jan. 3, 1997, outside the home in which 6-year-old JonBenet Ramsey was found murdered Dec. 26, 1996, in Boulder, Colo. Police were widely criticized for mishandling the early investigation into her death amid speculation that her family was responsible. However, a prosecutor cleared her parents, John and Patsy Ramsey, and brother Burke in 2008 based on new DNA evidence from JonBenet's clothing that pointed to the involvement of an "unexplained third party" in her slaying. The announcement by former district attorney Mary Lacy came two years after Patsy Ramsey died of cancer. Lacy called the Ramseys "victims of this crime." John Ramsey continued to speak out for the case to be solved. In 2022, he supported an online petition asking Colorado's governor to intervene in the investigation by putting an outside agency in charge of DNA testing in the case. In the Netflix documentary, he said he advocated for several items that were not prepared for DNA testing to be tested and for other items to be retested. He said the results should be put through a genealogy database. In recent years, investigators identified suspects in unsolved cases by comparing DNA profiles from crime scenes and to DNA testing results shared online by people researching their family trees. In 2021, police said in their annual update that DNA hadn't been ruled out to help solve the case, and in 2022 noted that some evidence could be "consumed" if DNA testing is done on it. Last year, police said they convened a panel of outside experts to review the investigation to give recommendations and determine if updated technologies or forensic testing might produce new leads. In the latest update, Redfearn said that review ended but police continue to work through and evaluate a "lengthy list of recommendations" from the panel. Receive the latest in local entertainment news in your inbox weekly!
USC Aiken men suffer home loss to Claflin
The launch of O-Train service will be delayed for more than four hours on Sunday, Dec. 1, as OC Transpo continues preparation for the launch of O-Train service in Ottawa's east end. OC Transpo general manager Renee Amilcar says the O-Train will be closed from 8 a.m. to 12:30 p.m. on Dec. 1, to allow for testing of the Stage 2 software integration. "This temporary closure is required to perform testing of the Train Control System along with high-speed data radio, camera, and passenger information systems," Amilcar said. "Testing the integration of Stage 2 software with the existing O-Train system is a key step in preparing for the extension of O-Train Line 1 to Trim Station in 2025." The Line 1 extension will see the O-Train run between Blair Station and Trim Station. The Confederation Line normally opens at 8 a.m. on Sundays. Amilcar says R1 bus service will operate between Tunney's Pasture and Blair stations from 8 a.m. to 1 p.m., and an R1 shuttle bus will run between St. Laurent and Cyrville stations and Lees Station and Mackenzie King Bridge. The O-Train was closed the first weekend of October to allow for Stage 2 East integration work, giving officials a chance to test and validate the train control software to integrate the east extension with the existing O-Train Line 1. Ottawa Top Stories Seniors facing 60% hike for OC Transpo monthly transit pass in 2025 under new proposal Woman seriously injured in October house fire dies in hospital, Ottawa police say Orleans man calls for changes after service guide dog attacked by another dog Ottawa police officer acquitted in death of Abdirahman Abdi testifies at inquest Pat King found guilty of mischief for role in 'Freedom Convoy' Ottawa Food Bank declares an emergency amid record-breaking usage Porter Airlines launches seasonal routes between Ottawa and Florida New Ottawa police mounted unit will cost $1.4 million a year CTVNews.ca Top Stories Nearly 46,000 electric vehicles recalled in Canada over potential power loss Nearly 46,000 electric vehicles from Kia, Hyundai and Genesis are being recalled in Canada over a potential power loss issue that can increase the risk of a crash. Canada Post quarterly loss tops $300M as strike hits second week -- and rivals step in Canada Post saw hundreds of millions of dollars drain out of its coffers last quarter, due largely to its dwindling share of the parcels market, while an ongoing strike continues to batter its bottom line. 'Immoral depravity': Two men convicted in case of frozen migrant family in Manitoba A jury has found two men guilty on human smuggling charges in a case where a family from India froze to death in Manitoba while trying to walk across the Canada-U.S. border. Canada's tax relief plan: Who gets a cheque? The Canadian government has unveiled its plans for a sweeping GST/HST pause on select items during the holiday period. The day after the announcement, questions remain on how the whole thing will work. Quebec man, 81, gets prison sentence after admitting to killing wife with Alzheimer's disease An 81-year-old Quebec man has been sentenced to prison after admitting to killing his wife with Alzheimer's disease. Pat King found guilty of mischief for role in 'Freedom Convoy' Pat King, one of the most prominent figures of the 2022 'Freedom Convoy' in Ottawa, has been found guilty on five counts including mischief and disobeying a court order. Trump supporters review-bomb B.C. floral shop by accident A small business owner from B.C.’s Fraser Valley is speaking out after being review-bombed by confused supporters of U.S. president-elect Donald Trump this week. Grey Cup streaker fined $10K, banned from BC Place The woman who ran across the field wearing nothing but her shoes at last weekend’s Grey Cup has been given a fine and banned from BC Place. Ground beef tied to U.S. E. coli recall, illnesses wasn't sold in Canada: distributor At least 19 people in Minnesota have been sickened by E. coli poisoning tied to a national recall of more than 167,000 pounds of potentially tainted ground beef, federal health officials said. Shopping Trends The Shopping Trends team is independent of the journalists at CTV News. We may earn a commission when you use our links to shop. Read about us. Editor's Picks 24 Of The Best Host And Hostess Gifts You Can Find Online Right Now The Best Advent Calendars For Women In 2024 All The Best Beauty Stocking Stuffers That Ring In Under $25 Home Our Guide to the Best Jewellery Boxes You Can Find Online Right Now 16 Home Gadgets That'll Make Your Life Easier The 5 Best Drip Coffee Makers In Canada In 2024, Tested and Reviewed Gifts 23 Gifts, Add-Ons, And Stocking Stuffers For Anyone Who Spends A Lot Of Time In Their Car The Ultimate 2024 Holiday Gift Guide For Nature Lovers And Outdoor Adventurers 27 Of The Absolute Best Stocking Stuffers For Men Beauty 20 Anti-Aging Skincare Products That Reviewers Can’t Stop Talking About 12 Budget-Friendly Makeup Brushes And Tools Worth Adding To Your Kit If You Suffer From Dry Skin, You'll Want To Add At Least One Of These Hydrating Moisturizers To Your Cart Deals Black Friday Has Begun On Amazon Canada: Here Are The Best Deals Black Friday Is Almost Here, But These Deals On Mattresses And Bedding Are Already Live This Botanic Hearth Rosemary Hair Oil Has Thousands Of 5-Star Reviews — And It's On Sale For Amazon Canada's Early Black Friday Sale Atlantic P.E.I. teen sentenced to 2 years in custody in death of Tyson MacDonald A teen who pleaded guilty in the death of 17-year-old Tyson MacDonald on Prince Edward Island last year has been sentenced to two years in custody. Taylor Swift Fan brings souvenir home to Nova Scotia from the Eras tour Annie Gallant, a 10-year-old from Nova Scotia, brought home a special gift from her first concert. What to know about the weekend rain, wind, and waves in the Maritimes A fall storm moving from Cape Cod into the Maritimes will bring rainy and windy weather to the region this weekend. Toronto Trudeau announces funding to feed 160,000 Ontario students An additional 160,000 students in Ontario will get access to free meals, Prime Minister Justin Trudeau announced at a Brampton, Ont. school Friday. 3 charged in connection with collision between TTC bus and stolen BMW that injured 9 Three people are facing charges in connection with a carjacking of a stolen BMW that collided with a TTC bus in North York early Monday morning. Toronto man onboard Blue Origin flight to space says he 'can't wait to go again' Henry Wolfond returned to Earth Friday morning after a quick trip to the edge of space. The Toronto finance executive was part of a six-person crew onboard the New Shepard, a reuseable rocket designed for space tourism by Jeff Bezos’ Blue Origin. Montreal Quebec man, 81, gets prison sentence after admitting to killing wife with Alzheimer's disease An 81-year-old Quebec man has been sentenced to prison after admitting to killing his wife with Alzheimer's disease. Montreal family doctor admits to fathering child with 19-year-old patient A Montreal family doctor has vowed to stop practicing medicine after he admitted to fathering a child with a 19-year-old woman who was his patient. Third suspect sought in killing of Montreal cryptocurrency influencer Quebec provincial police are searching for a third suspect in connection with Kevin Mirshahi, the cryptocurrency influencer who was kidnapped and killed last summer. Northern Ontario Senior killed in dog attack in northern Ont. An 81-year-old was killed in a dog attack this week in Bonfield, Ont. Police believe three dogs were involved. Woman stabbed multiple times in Sudbury altercation A 30-year-old woman is in hospital in Sudbury after she was stabbed multiple times early Friday morning in Chelmsford. Police investigating death in Magnetawan, Ont. The Almaguin Highlands detachment of the Ontario Provincial Police is investigating a sudden death in Magnetawan. Windsor Truck fire on the Ambassador Bridge Windsor fire responded to a transport truck fire on Friday afternoon on the Ambassador Bridge. Attempted bank robbery leads to arrest Windsor police are crediting a quick response by their downtown patrol officers to help arrest a 39-year-old man after an attempted bank robbery. Man arrested in connection to sexual assault on public bus: WPS A man has been arrested by Windsor police following an incident on a public bus. London VIDEO | London house fire spreads to neighbouring property London fire crews and police are on scene of a house fire in east London. Crews were called to the 1800 block of Culver Drive, east of Third Street and south of Oxford Street, around 11:30 a.m. New | Following surge in student enrollment, LDCSB reports $9.5 million surplus for 2023-2024 Although initial projections put the London District Catholic School Board (LDCSB) $1.5 million short, the audited financial numbers for 2023-2024 are finally in, and the board will finish the year with a $9.5 million surplus. Canada's tax relief plan: Who gets a cheque? The Canadian government has unveiled its plans for a sweeping GST/HST pause on select items during the holiday period. The day after the announcement, questions remain on how the whole thing will work. Kitchener Man charged in Kitchener crash involving Grand River Transit LRT Charges were laid after a crash between an LRT train and a Dodge vehicle shut down a busy Kitchener street for more than eight hours on Thursday. FunGuyz says it's closing all 30 of its magic mushroom stores in Ontario FunGuyz, which calls itself the biggest magic mushroom dispensary in Canada, says it's shutting down all 30 of its Ontario locations. The Boathouse reopens in Kitchener's Victoria Park A reopening ceremony was held in Kitchener’s Victoria Park Friday morning at 11 a.m. at The Boathouse, a restaurant and live music venue. Barrie Highway 400 closed in Muskoka Lakes after fatal propane truck rollover Emergency crews were called to Highway 400 in Georgian Bay Township Friday morning after a fatal tanker truck rollover. Drug trafficking investigation results in largest fentanyl seizure in Simcoe County: OPP Two people are facing drug trafficking charges after what provincial police are calling the largest fentanyl seizure in Simcoe County. Barrie magic mushroom dispensary closed after company announces its shuttering Ont. locations The doors are locked and the OPEN sign is off on Friday at an illegal magic mushroom dispensary in downtown Barrie one day after FunGuyz announced it would shutter its 30 Ontario locations. Winnipeg Semi crash, train derailment closes Winnipeg road Winnipeg police are responding to a train derailment and semi collision that has closed a section of Fermor Avenue and the Perimeter Highway Friday afternoon. 'Immoral depravity': Two men convicted in case of frozen migrant family in Manitoba A jury has found two men guilty on human smuggling charges in a case where a family from India froze to death in Manitoba while trying to walk across the Canada-U.S. border. Manitoba RCMP officer fatally shoots armed teenager, IIU investigating Manitoba’s police watchdog is investigating after a RCMP officer fatally shot a teenager armed with a weapon Friday morning in Norway House Cree Nation. Calgary 'Sounded like a bomb': Mahogany residents stunned by townhouse explosion, fire Investigators are working to piece together what caused an explosion and fire at a six-plex in the southeast Calgary community of Mahogany. Sixth person charged in Tara Miller's death Alberta RCMP have charged a sixth person in connection with the death of Calgarian Tara Miller. ‘Pinch me I’m dreaming:’ Calgary drummer pulled from crowd to play with the Arkells For young musicians, to be up on stage in front of thousands of people, would be a dream come true. That’s exactly what happened to a Calgary girl, after being invited to play with Canadian rock icons The Arkells. Edmonton Direct flights to Houston available in Edmonton starting next year Edmonton International Airport (YEG) has announced more direct flights to the United States starting next spring. What were those columns of light over Edmonton Thursday? Social media lit up with pictures of the evening sky over the Edmonton area late Thursday. Weather conditions were just right for what are known as 'light pillars.' Man intentionally drove his vehicle into Alberta home before firing long gun: RCMP An Alberta man has been charged after he allegedly drove his vehicle into a home and fired a gun in a town east of Edmonton. Regina B.C. man dies in collision on Sask. highway A man from British Columbia has died in a two-vehicle collision on Highway 6 near Milestone, Sask. Snowfall warning expands to Regina with up to 25 cm expected Much of southwest Saskatchewan, including Regina, is under a snowfall warning on Friday, with total amounts of 10 to 25 centimetres expected. Report shows more girls getting involved in sports, local program creates landscape to continue trend A Regina program has created a landscape to encourage more girls to get involved in sports while building their self-esteem. Saskatoon Why isn't Saskatoon's new downtown shelter open yet? Saskatoon's new downtown shelter must undergo renovations before it can open, according to the operator of the site. Sask. principal has sexual assault conviction overturned in light of 'butt-grabbing game' A Saskatchewan principal sentenced to six months behind bars for sexual assault has another chance to prove he’s the victim of a middle-school prank that escalated out of control. 'What about our spirituality?': Sask. man wants new Lighthouse operator to respect Indigenous culture A Saskatoon man is concerned about an Alberta non-profit coming into the city to open a new shelter and run the Lighthouse. Vancouver Trump supporters review-bomb B.C. floral shop by accident A small business owner from B.C.’s Fraser Valley is speaking out after being review-bombed by confused supporters of U.S. president-elect Donald Trump this week. Grey Cup streaker fined $10K, banned from BC Place The woman who ran across the field wearing nothing but her shoes at last weekend’s Grey Cup has been given a fine and banned from BC Place. No criminality in school bus crash in B.C.'s Cariboo region, RCMP say An investigation into the school bus crash near Lac La Hache, B.C., earlier this year that left dozens of people hurt and one Good Samaritan dead has concluded the incident was nothing more than a tragic accident, the RCMP revealed Friday. Vancouver Island Campbell River high school closed due to fire Carihi Secondary school in Campbell River is closed due to a fire on the property overnight – drawing a firefighting response from multiple departments and a crowd of onlookers. Grey Cup streaker fined $10K, banned from BC Place The woman who ran across the field wearing nothing but her shoes at last weekend’s Grey Cup has been given a fine and banned from BC Place. Ship strikes kill thousands of whales. A study of hot spots could map out solutions A study of hot spots for collisions between ships and whales around the world, including Canadian waters, offers a map for measures to prevent the deadly strikes that could drive some species to extinction, one of the British Columbia-based authors says. Kelowna Man in hospital following targeted shooting in Kamloops Police are appealing for information on a targeted shooting that resulted in the hospitalization of a man in Kamloops. Police cleared of fault in fatal 2023 crash in B.C.'s Interior British Columbia's independent police watchdog has cleared officers of wrongdoing in a crash where three people were killed south of Kamloops in July of last year. B.C. woman sentenced for stealing $14K in funds raised for schoolkids A B.C. woman who stole more than $14,000 in volunteer-raised funds that were supposed to be spent on school supplies and programs – including hot meals for vulnerable kids – won't spend any time in jail. Stay ConnectedLONDON , NEW YORK , and SYDNEY , Dec. 22, 2024 /PRNewswire/ -- DAZN , a world-leading sports entertainment platform, has today announced an agreement to acquire Foxtel Group (' Foxtel ') from its majority shareholder News Corp and minority shareholder Telstra at an enterprise value of US$2.2 billion , subject to regulatory approval. The acquisition establishes DAZN as a leader in sports entertainment in Australia – a highly attractive sports market – while also expanding DAZN's global footprint and enhancing the group's standing as the global home of sport. The addition of Foxtel to DAZN brings the Group's pro-forma revenues towards US$6 billion and provides the additional content, expertise, and expansion opportunities to accelerate DAZN's growth trajectory. Foxtel is one of Australia's leading media companies, with 4.7 million subscribers, who will benefit from DAZN's extensive portfolio of sports content, platform technology, and global reach. From its beginnings as Australia's original pay-TV innovator, Foxtel has evolved to become a digital and streaming leader in sports and entertainment and the proposed transaction positions Foxtel for continued expansion as a digital-first, streaming-focused business. Foxtel will maintain its local character, led by the CEO, Patrick Delany , and his world-class management team. DAZN, a sports streaming platform with a truly global reach, is committed to growing the global audience for domestic Australian sports across the 200 territories in which it is available. Under the terms of the transaction, News Corp and Telstra will become minority shareholders in DAZN, enabling them to retain an interest in Foxtel. Shay Segev , Chief Executive Officer of DAZN, said: "Australians watch more sport than any other country in the world, which makes this deal an incredibly exciting opportunity for DAZN to enter a key market, marking another step in our long-term strategy to become the global home of sport. Foxtel is a successful business that has undergone a remarkable digital transformation in recent years, and we are confident that our global reach and relentless pursuit of innovation will continue to drive the business forward and ensure long-term success. "We are committed to supporting and investing in Foxtel's television and streaming services, across both sports and entertainment, using our world-leading technology to further enhance the viewing experience for customers. We are also committed to using our global reach to export Australia's most popular sports to new markets around the world, and we will continue to promote women's and under-represented sports. "We're looking forward to working closely with Patrick Delany and his team, as well as News Corp and Telstra as shareholders in DAZN, to realise our ambitious vision for the future of sport entertainment." Siobhan McKenna , the Chairman of Foxtel , said the agreement with DAZN was international recognition of the transformation of Foxtel from an incumbent pay TV operator to a sports and entertainment digital and streaming leader. "Over the last seven years the Foxtel team, with the strong support of News, have achieved an extraordinary turnaround in an intensely competitive environment." Foxtel Group CEO, Patrick Delany , said: "Today's announcement is a natural evolution for the Foxtel Group, having reinvented the company over the past five years as Australia's most dynamic technology-led streaming company. "Kayo and Foxtel provide Australian sports fans with access to the best Australian and international sport and shows, including AFL, NRL and Cricket with 4.7 million subscribers. "We are excited by DAZN's commitment to the Australian market. They are experts in the sports media business and can play a significant role in supporting Foxtel as the business grows its streaming capabilities, bringing a bigger and better service to customers across entertainment, news and sport. They are a perfect match for us as we look toward this next era of growth. "We have been grateful for the support of News Corp while we reimagined the future of Foxtel. In 2019, when we merged Foxtel and Fox Sports we had many people questioning our future. "After launching Kayo later in 2019 and BINGE in 2020, today we are the largest Australian-based streamer of sport and entertainment, we have stabilised our Foxtel base and launched Hubbl to help consumers find all the streamed content they love all in one place. This wouldn't have been possible without the support and encouragement of News Corp." NOTES TO EDITORS About DAZN As a world-leading sports entertainment platform, DAZN streams over 90,000 live events annually and is available in more than 200 markets worldwide. DAZN is the home of European football, women's football, boxing and MMA, and the NFL internationally. The platform features the biggest sports and leagues from around the world – Bundesliga, Serie A, LALIGA, Ligue 1, Formula 1, NBA, Moto GP, and many more including the 2025 FIFA Club World Cup. DAZN is transforming the way people enjoy sport. With a single, frictionless platform, sports fans can watch, play, buy, and connect. Live and on-demand sports content, anywhere, in any language, on any device – only on DAZN. DAZN partners with leading pay-TV operators, ISPs and Telcos worldwide to maximise sports exposure to a broad audience. Its partners include Deutsche Telekom, Orange, Sky, Movistar, Telenet, Vodafone, and many more. DAZN is a global, privately-owned company, founded in 2016, with more than 3,000 employees. The Group generated $3.2bn in revenue in 2023, having grown its annual revenues by over 50% on average from 2020 to 2023, through diverse revenue streams comprising subscriptions, advertising, sponsorship, and transactional. For more information on DAZN, our products, people, and performance, visit www.dazngroup.com . About Foxtel The Foxtel Group is one of Australia's leading media companies with 4.7 million subscribers. Its businesses include subscription television, streaming, sports production and advertising. The Foxtel Group is owned 65% by News Corp and 35% by Telstra. The Foxtel Group's diversified business includes Fox Sports, Australia's leading sports production company, famous for live sports and shows with the best commentators and personalities. It is also the home of local and global entertainment content and continues to be the partner of choice for the widest range of sports and international content providers based on established, long-term relationships, growing streaming audiences, and position as the largest Australian-based subscription television company. View original content: https://www.prnewswire.com/news-releases/dazn-advances-global-expansion-with-acquisition-of-foxtel-a-leading-australian-sports-and-entertainment-media-group-302337994.html SOURCE DAZN
Shop our top ten beauty buys from Anastasia Beverly Hills – the brand created by Victoria Beckham’s brow guruThe Score: Target, Super Micro Computer, Alphabet and More Stocks That Defined the WeekMilestone deal for DAZN's position as the global home of sport. This acquisition establishes DAZN's sports platform in Australia , one of the world's most attractive sports markets. Foxtel Group will leverage DAZN's global reach, industry-leading technology and extensive content portfolio to further enhance the viewing experience for Australian sports fans. LONDON , NEW YORK , and SYDNEY , Dec. 22, 2024 /PRNewswire/ -- DAZN , a world-leading sports entertainment platform, has today announced an agreement to acquire Foxtel Group (' Foxtel ') from its majority shareholder News Corp and minority shareholder Telstra at an enterprise value of US$2.2 billion , subject to regulatory approval. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.
Washington: ChatGPT-maker OpenAI laid out plans Friday for a new corporate structure shifting away from control by a non-profit -- an issue of contention for the artificial intelligence trailblazer. OpenAI was founded as a non-profit in 2015 and has since switched to a "capped" for-profit enterprise allowing for a limited level of money making. But it has been seeking to become a for-profit public benefit corporation (PBC), which could attract more investment. In a blog post, the company said it plans to restructure as a PBC, which "requires the company to balance shareholder interests, stakeholder interests, and a public benefit interest in its decision making." "It will enable us to raise the necessary capital with conventional terms like others in this space," OpenAI added. It said that it needs to raise more capital than imagined, citing the hundreds and billions of dollars that major firms are now putting into artificial intelligence development. "Investors want to back us but, at this scale of capital, need conventional equity and less structural bespokeness," OpenAI said. Currently, its structure does not allow the board to directly consider the interests of those who would finance its mission. The structure also "does not enable the non-profit to easily do more than control the for-profit," the company said. With the restructuring, the PBC will control OpenAI's operations and business. Its non-profit arm will build up a team to pursue charitable initiatives in areas like health care. OpenAI is under high scrutiny as an artificial intelligence powerhouse, reaching a staggering $157 billion valuation in recent times. The company, led by Sam Altman, has become one of the most successful startups in Silicon Valley history -- propelled to headlines in 2022 when it released ChatGPT, its generative AI chatbot. But its corporate set-up imploded in late 2023 when the board fired Altman out-of-the-blue. Staff rebelled and Altman was eventually reinstated, while those involved in his ouster left the company. Alarmed by the situation, new investors have demanded that OpenAI become a more classic for-profit outfit within two years. Its restructuring efforts will likely face obstacles, with Elon Musk reportedly asking a US court to stop OpenAI from converting into a for-profit enterprise.
What Mikel Arteta learned as Arsenal win and overtake Chelsea in Liverpool chase
DAZN ADVANCES GLOBAL EXPANSION WITH ACQUISITION OF FOXTEL, A LEADING AUSTRALIAN SPORTS AND ENTERTAINMENT MEDIA GROUP
NoneThe FTSE 100 rose slightly on Wednesday, led higher by retail and property stocks, as a gauge of US inflation favoured by the Federal Reserve showed prices rising faster. London’s blue-chip index rose 16.14 points, or 0.20%, to end the day at 8,274.75. The gains followed a report that indicated US inflation sped up in October versus a year ago, supporting a more cautious approach taken by Federal Reserve policymakers. The measure showed consumer prices rose 2.3% in October from a year earlier, the US Commerce Department said. Kathleen Brooks, of trading firm XTB, said: “US traders can pack up for the Thanksgiving holiday with little to fear at this stage.” She added that the data “suggests that the Fed is right to tread a careful path when it comes to rate cuts, but it continues to support a gradual easing in Fed policy”. The data seemed to help the UK index, which rose after the US markets opened, with property stocks including Vistry and LondonMetric in the lead. It comes after markets reacted poorly to President-elect Donald Trump’s decision to impose tariffs on Canada, Mexico and China the day before. At the end of the day in Europe Frankfurt’s Dax index fell 0.18%, while the Cac 40 in Paris fell 0.72%. In New York, a little while after markets had closed in Europe, the S&P 500 had fallen 0.35%, while the Dow Jones was 0.05% higher. On currency markets the pound was trading 0.87% higher against the dollar at 1.2682 and was 0.08 up against the euro at 1.1994. In company news, Just Eat Takeaway said it will abandon its listing on the London Stock Exchange in a bid to cut costs and complexity, in the latest blow to the UK’s markets. The delivery giant wants its shares to keep trading on the Amsterdam stock market, the city where it is based. The company said it had considered the impact of having a main market listing in Amsterdam and a secondary listing in London. It cited the “administrative burden, complexity and costs” associated with keeping its shares in London for its decision to quit, as well as low liquidity and trading volumes of its shares. Just Eat shares fell 2.89% on the news. Meanwhile, luxury car maker Aston Martin alerted over profits for the second time in as many months and tapped investors for more cash. The group revealed plans for the fundraise after the market close on Tuesday as it also warned that underlying earnings would be lower than forecast this year, at between £270 million and £280 million. Aston had already cut its outlook in September. Shares in the firm fell as much as 9% at one stage on Wednesday before finishing 5.47% down. Brent Crude Futures were down 0.14% to 72.22 US dollars at the close of trading. The biggest risers on the FTSE 100 were Airtel Africa, up 5.15p to 105p, Vistry, up 17.5p to 675p, LondonMetric Property, up 4.3p to 194.3p, Marks & Spencer, up 8.4p to 384.3p, and Tesco, up 7.5p to 357.9p. The biggest fallers on the FTSE 100 were Entain, down 21p to 783.2p, DS Smith, down 12p to 582p, Kingfisher, down 3.1p to 248.8p, Croda, down 43p to 3483p, and Whitbread, down 35p to 2843p.