Oracle's $10 billion data centre project in Michigan is currently on hold as funding discussions with Blue Owl have stalled, creating uncertainty about the project's future.
Factions on Capitol Hill are negotiating over funding to avoid a government shutdown by September 30, with debates between GOP fiscal hawks, Democrats, and appropriators about short-term extensions versus comprehensive bills, amid ongoing political strategies and rule changes.
Figure AI Inc., a startup developing humanlike robots, is in talks to raise up to $500 million in a funding round led by Microsoft Corp. and OpenAI. The startup is seeking additional investors for the deal, with Microsoft potentially investing about $95 million and OpenAI considering a $5 million investment.
Asset management firm GAM has entered into funding discussions with potential investors after a bid from Liontrust Asset Management fell through. The company is seeking to secure additional funding to support its growth plans and leverage its market expertise.
Thames Water, the largest water firm in the UK serving a quarter of the population, is in talks to secure additional funding as concerns over its financial stability grow. The company, which has faced criticism for sewage discharges and leaks, has billions in debt and recently saw its CEO resign unexpectedly. The government has stated that it is prepared to intervene if necessary, but water supplies will continue as normal. If Thames Water fails to secure funding, it could be temporarily taken over by the government until a new buyer is found. The company is currently trying to raise the necessary funds to improve its operations.