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What Is Barrick Mining (TSX:ABX) Unlocking With Its Nevada Gold Mines Deal?
Simply Wall St.6d agoneutral
What Is Barrick Mining (TSX:ABX) Unlocking With Its Nevada Gold Mines Deal?

Barrick Mining (TSX:ABX) and Newmont have resolved all outstanding disputes and updated the governance of their Nevada Gold Mines joint venture. Both companies plan to contribute major development assets to Nevada Gold Mines as part of the new agreement. The deal includes Newmont’s consent to Barrick’s planned IPO of its North American gold assets. For investors tracking how large gold producers are reshaping portfolios and funding options, this move by Barrick and Newmont is part of a...

Bloomberg6d agoneutral
Apollo Inks $2.6 Billion Financing Deal With NY Yankees

(Bloomberg) -- Apollo Global Management Inc. is providing $2.6 billion of financing to the owners of the New York Yankees, the private capital giant’s largest investment to date in US sports.Most Read from BloombergChina Unleashes $28 Trillion Capital Markets to Challenge US in AINvidia Taps Wall Street for $500 Billion Funding CommitmentFive Takeaways From Zuckerberg’s 6,500-Word Manifesto on AITrump Makes Sweeping New Demands on Iran as Deal Hopes DimStocks Churn as Hormuz Standoff Spurs Rally

IBM, Together AI ink $240 million deal for Nvidia-powered AI inference cluster
Reuters6d agoneutral
IBM, Together AI ink $240 million deal for Nvidia-powered AI inference cluster

IBM and startup Together AI have signed a $240 million multi-year ‌agreement to build a large-scale artificial intelligence ‌cluster on IBM Cloud using Nvidia systems, the companies ​said on Tuesday. The cluster will provide inference for open-source AI models, which have gained traction as businesses seek to rein in AI costs ‌and weigh concerns ⁠about cybersecurity incidents involving models from Anthropic, OpenAI and Meta. Inference, the process ⁠of running trained AI models to generate responses, has become one of the largest drivers ​of ​demand for computing capacity, ​prompting cloud providers ‌and chipmakers to spend billions of dollars expanding AI infrastructure.