Analysis
He suggested that leading AI firms may be close to unveiling a pact to slow AI development.
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Altman rules out OpenAI IPO this year, calls AI extinction risk 'unacceptable'
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China's Z.AI secures $5 billion from new share, convertible bond sales
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Editor's take: The week that was — Sept 7-12
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VinFast names founder's eldest son as its global chief executive
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India's Asset Reconstruction Company's $77.6m IPO oversubscribed
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LeapFrog invests $40m in Marengo Asia Hospitals to fund expansion
Trikomsel link emerges in potential HappyFresh, Sayurbox deal
ADIA lifts PE allocation, bullish on AI-related investments
Novo Holdings invests in China wound-care CDMO ForYou Medical
Trustar Capital sells Amoy Food to Haitian in China condiments deal
Deals
About 60% of the net proceeds will be used for R&D of the company’s next-generation models.
This edition features monthly startup fundraising data from India, Greater China and SE Asia.
People
Anh will be VinFast’s fifth chief executive.
IPOs & Markets
ARCIL acquires stressed assets from banks and financial institutions.
Greater China
GL Capital, which previously invested in ForYou Medical, will remain the company’s majority shareholder.
Rehan Anwer and David Biller will lead Asia investment banking as co-heads.
Z.AI, formerly Zhipu AI, went public in HK in Jan and raised about $4b in a follow-on share sale in July.
Indonesia
Trikomsel president director Sugialam is understood to be involved in the management of Sayurbox.
Vietnam
Many drivers are planning to stop accepting rides over the weekend.
