Major Acquisition: Luxshare Precision Pays 4.1 Billion Yuan for Leoni Group, a Top Player in Automotive Wiring Harnesses

September 20, 2024 – On September 17th, Leoni AG, a renowned manufacturer of automotive wire harnesses, signed a share purchase agreement with Chinese company Luxshare Precision. Under the terms of the agreement, Luxshare Precision will acquire 50.1% of Leoni Group’s shares and 100% of its wholly-owned subsidiary, Leoni Kabel (hereinafter referred to as “Leoni K”),…

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OpenAI Turns Every Employee into a Millionaire with $10M Retention Bonuses to Fend Off Rivals

August 8, 2025 – In a bold move to shield its workforce from the relentless talent raids by rivals, OpenAI has unveiled an unprecedented employee retention strategy, setting a new benchmark in Silicon Valley’s high-stakes war for AI expertise. Facing aggressive poaching attempts by Meta, which recently offered up to 100millioninsigningbonusestoluretopOpenAIresearchers,theChatGPTmakerannounceditwillgranteveryemployee—includingnewhires—a1.5 million incentive package. The…

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Mongolian Prime Minister and Tesla CEO Explore Collaborations in Electric Vehicle Industry

June 7, 2023 – In a virtual meeting held today, Mongolian Prime Minister Oyun-Erdene had a productive discussion with the renowned entrepreneur and CEO of Tesla, Elon Musk. The focus of their conversation revolved around the potential investments and collaborations in the electric vehicle sector. During the meeting, both parties explored the possibilities of a…

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A Pivotal Moment: 28 Nations Unite to Sign ‘The Bletchley Declaration

November 02, 2023 – Historic Bletchley Park, located in the United Kingdom, played host to the inaugural Global AI Security Summit, where representatives from 28 countries, including China, the United States, and the European Union, came together to sign the “Bletchley Declaration.” The “Bletchley Declaration” is a call to action, emphasizing a human-centric approach to…

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