Core Insights - Rippling, an HR software startup, raised $450 million in Series G funding, achieving a valuation of $16.8 billion, focusing on global revenue growth over immediate profitability [1][4][5] Funding and Valuation - The funding round included participation from notable investors such as Y Combinator, Elad Gil, Sands Capital, GIC, and Goldman Sachs Growth [2] - The new valuation of $16.8 billion marks an increase from the previous valuation of $13.5 billion in early 2024 [4] Employee Equity and IPO Plans - Rippling plans to repurchase up to $200 million of equity from current and former employees through a tender offer, which may become an annual event [2][3] - The CEO stated that the company does not have immediate plans for an IPO, emphasizing the need for profitability before considering going public [4][6] Business Performance and Strategy - Rippling has surpassed $100 million in annual recurring revenue and serves over 20,000 customers with a suite of more than 20 products [5] - The company is prioritizing growth over profitability, indicating a strategic choice to expand rapidly rather than slow down for immediate profit [6] Legal Challenges - Rippling is involved in ongoing legal disputes with competitor Deel, including allegations of corporate espionage, which have raised questions about competitive practices in the tech industry [7][8]

Group 1 - Amundi has appointed Claire Cornil as Chief Operating Officer, effective April 1 [1] - Cornil will also join Amundi's general management committee [2] - Prior to this role, Cornil was the CEO of Societe Generale Gestion, a position she held since 2023 after serving as deputy CEO in 2022 [2]

Core Insights - Chinese GPU and AI chip makers captured nearly 41% of China's AI accelerator server market in 2025, significantly reducing Nvidia's market dominance [2][5] - The shift is attributed to China's increasing caution about reliance on foreign chips, leading to a push for domestic alternatives amid U.S. export controls [3][5] Market Share Dynamics - Nvidia remains the market leader with approximately 2.2 million AI accelerator cards shipped, holding a 55% market share, but this represents a decline from its previous dominance [4][7] - Chinese vendors collectively shipped 1.65 million cards, marking a significant milestone in the market, with Huawei leading at around 812,000 cards, followed by Alibaba's T-Head with approximately 265,000 cards [5][6] Competitive Landscape - Baidu's Kunlunxin and Cambricon each shipped around 116,000 cards, ranking them jointly third among Chinese vendors [6] - Other Chinese vendors like Hygon, MetaX, and Iluvatar CoreX accounted for 5%, 4%, and 3% of total shipments, respectively [6] Government Initiatives - In 2025, the central government initiated a new wave of AI infrastructure spending, encouraging local governments to accelerate the establishment of intelligent computing centers with directives to prioritize domestic products [6]

New BP CEO takes helm pledging consistency, staff note shows | Reuters Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv Meg O'Neill, when CEO of Woodside Energy, speaks during a media interview as top energy executives and ministers meet in Houston for the annual Gastech conference in Houston, Texas, U.S.,... Purchase Licensing Rights, opens new tabRead more LONDON, April 1 (Reuters) - BP's (BP.L), opens new tabnew CEO Meg O'Neill told employees on Wednesday she ...

Group 1 - Microsoft is set to invest $5.5 billion in cloud and artificial intelligence infrastructure in Singapore by 2029 [1] - The investment reflects Microsoft's commitment to expanding its presence in the Asia-Pacific region [1] - The announcement was reported by the Wall Street Journal, indicating significant financial backing for technological advancements in Singapore [1]

Dassault Aviation CEO: giving ourselves two-to-three weeks to find deal on Franco- German fighter jet | Reuters Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv A scale model of the Franco-German-Spanish Future Combat Air System (FCAS / SCAF), Europe's next- generation fighter jet, is seen in Paris, France, February 20, 2020. REUTERS/Charles... Purchase Licensing Rights, opens new tabRead more PARIS, April 1 (Reuters) - The head of Dassault Aviation (AM.PA), ope ...

Group 1 - Hyundai Motor sold 7,809 electric vehicles (EVs) in South Korea in March, representing a 38% increase compared to the same month last year [1]

Alstom appoints Martin Sion as new CEO | Reuters Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv A logo on the side of a building at the Alstom train works in Derby, Britain, October 27, 2025. REUTERS/Phil Noble Purchase Licensing Rights, opens new tab UK finance minister Reeves says energy bill support will depend on household income Former CEO Henri Poupart-Lafarge has decided not to seek a further term, it said. Sign up here. Reporting by Mathias de Rozario ...

Group 1 - Topps Tiles will close 23 underperforming stores as part of a cost-cutting initiative [1] - This decision is expected to lower overall revenue for the British tile retailer [1] - The move aims to enhance medium-term profitability through cost-saving measures [1]

Core Insights - Tesla's new car registrations in France more than tripled in March, indicating a strong recovery in sales in Europe [1][3] - The company registered 9,569 new cars in France in March, a 203.10% increase from the same month in 2025, and just shy of the all-time high of 9,572 vehicles registered in December 2023 [4] - First-quarter registrations in France were up 108% year-over-year, totaling 13,945 cars [4] Market Context - Tesla lost nearly half of its share in the European market last year due to increased competition, particularly from Chinese brands, and a lack of new models [2] - The introduction of new, cheaper versions of the Model Y and Model 3 in late 2025 has contributed to the recent growth in European registrations [3]