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BHP launches $38.8 billion takeover bid for rival Anglo American, ET EnergyWorld

BHP confirmed in a statement to the London Stock Exchange it interested in Anglo American's "world class copper assets", which include operations in Peru and Chile.

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ExxonMobil's market value tops Tesla's on Guyana, Permian production success

Tesla is down 41% in a punishing start to the year, marked by renewed growth worries, widespread job cuts and its first year-over-year sales drop since the early days of the pandemic. Meanwhile, Exxon has finally arrested a decade-long production decline with fast-growing oil developments in Guyana and the Permian basin, maximizing the benefit of crude’s 16% gain this year.

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Reddit IPO: Reddit ends 2-year wait for IPO, eyes $750mn raise, ET Telecom

Reddit IPO: At the top of that range, Reddit - whose users helped create the meme stock frenzy of 2021 - would have a market value of $5.4 billion, based on an expected nearly 159 million shares outstanding. Fully diluted to include employee stock options and restricted share units, its valuation would be about $6.4 billion, the filing with the US SEC shows.

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Microsoft announces principles to foster innovation, competition in AI

Microsoft President Brad Smith on Monday announced a set of principles to foster innovation and competition in artificial intelligence in recognition of its role as a market leader in this technology, a move that could stave off worries about its dominance.

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Chipmaker: Nearly all wealth gained by the world's rich this year comes from AI, ET Telecom

Chipmaker: Among the 500 wealthiest individuals, 30 attribute at least some of their fortune to companies that are tracked by the Bloomberg Global Artificial Intelligence Index. Those holdings have boosted their net worth by a combined $124 billion so far this year, accounting for 96% of the total wealth gained on the Bloomberg Billionaires Index.

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Nvidia overtakes Amazon in market value

Nvidia rose almost 0.2%, closing with a market value of about $1.78 trillion. While Amazon fell 1.2%, it ended with a closing valuation of $1.79 trillion.

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Nvidia's $560 billion gain has Wall Street racing to lift targets

The chip giant’s shares have surged 46 percent this year and added about $560 billion in market value as of February 12

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