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OpenAI has confidentially filed to go public at a reported valuation between US$730 billion and US$850 billion, even after losing about US$44 billion last year.

BMW said its profit margin will fall to as little as 1% this year as weakening Chinese demand and fallout from the Middle East conflict take a growing toll. The German automaker plans additional cost savings beyond those already announced. Danny Lee reports on Bloomberg Television.

Google is set to pay SpaceX about US$920 million every month from October through 2029 — roughly US$30 billion in total — to rent access to around 110,000 Nvidia GPUs in SpaceX data centres.

Artificial Intelligence industry leaders including OpenAI's Sam Altman and Anthropic's Dario Amodei are set to attend the Group of Seven Summit in France on Wednesday. Oliver Crook reports from Evian.

"The Mandalorian and Grogu” opened to about US$102 million domestic and US$165 million worldwide over the Memorial Day frame, matching its reported US$165 million production budget but delivering the lowest opening of any Star Wars film released under Disney, even below “Solo”.

Brent crude futures steadied near a three-month low at $78.98 a barrel as investors weighed a U.S.-Iran peace deal.

Accenture (NYSE:ACN) has agreed to acquire Alfahealth, a digital health subsidiary of Engineering Group, to expand its healthcare capabilities in Italy by adding 1,200 specialized professionals.

Stellantis (NYSE:STLA), Wayve, and Uber (NYSE:UBER) partnered to deploy Level 4 driverless robotaxis across global consumer markets.

Dell Technologies (NYSE:DELL) declared a quarterly cash dividend of $0.63 per common share.

This distribution matches the company's ongoing capital return metrics from the previous quarter.

Tigo Energy (NASDAQ:TYGO) has begun shipping its new modular residential battery systems to customer accounts across Europe.

Teledyne Technologies (NYSE:TDY) launched its CheMSense Protect air monitor to detect chemical threat agents in under 20 seconds.

Rivian Automotive (NASDAQ:RIVN) announced a new round of layoffs this week as the electric vehicle maker attempts to streamline operations and reduce costs.