Google’s new AI chatbot beats OpenAI

December 08, 2023

Good Morning,

Petrol prices at five-month low as crude oil prices slump, Fonterra lifts earnings, milk price guidance, Afterpay’s bad debts climb, just like its costs, Google’s new AI chatbot beats OpenAI, human experts in tests, Elon Musk's SpaceX Valued at $175 Billion or More in Tender Offer. and AI Startup Sarvam Raises $41 Million to Tap India Growth.

Let's jump in.

Before The Bell

Markets

  • ASX to fall, Wall St fluctuates, oil plunges (AFR)

  • ASX closes flat after Woodside, Santos rallies reverse energy rout (AFR)

Earnings and Data

  • Fonterra lifts earnings, milk price guidance (NBR)

News Summary

  • The police commissioner receives 'expectations', but how much can the minister say? (Stuff)

  • Petrol prices at five-month low as crude oil prices slump (Stuff)

  • New National MP gets standing ovation following maiden speech (Stuff)

  • ACC system could be down for two weeks after 'fraudulent access' (Stuff)

  • Roughly a Third of Unicorns See Valuations Shrink, Limiting IPO Prospects (BBG)

  • Blackstone President Signals Firm Will Do More Bank-Asset Deals (BBG)

  • China Scores a Big Win in Race with US for Influence on the Moon (BBG)

  • Renault Aims to Slash EV Production Costs in Half (BBG)

  • Nikola Sinks on Plan to Offer New Shares, Convertible Notes (BBG)

  • South Africa Consumer Confidence Edges Lower Amid Gloomy Outlook (BBG)

  • Competition regulator drags its paws on Woolworths’ PETstock buy (AFR)

  • Afterpay’s bad debts climb, just like its costs (AFR)

  • Google’s new AI chatbot beats OpenAI, human experts in tests (AFR)

  • PwC NZ mulls board independence following Aus tax leaks scandal (NBR)

  • Meridian continues to smoke other NZX50 companies in ESG: Forbar (NBR)

  • Israeli tank fire killed Reuters journalist Issam Abdallah in Lebanon (RT)

  • EU thrashing out landmark AI rules in marathon overnight talks (RT)

Deal Flow

Investments / M&A

  • Elon Musk's SpaceX Valued at $175 Billion or More in Tender Offer (BBG)

  • Carbn in the driver's seat with Zilch acquisition (NBR)

  • Woodside and Santos in talks to form $52 bln Australian oil giant (RT)

  • UK's Smart Metering Systems set for London delisting after $1.63 bln KKR takeover (RT)

  • AbbVie to buy drug developer Cerevel for $8.7 billion (RT)

Equity Raises

  • AI Startup Sarvam Raises $41 Million to Tap India Growth (BBG)

Daily Picks

  • Crusaders lose crown as Australasia's best sporting team (Stuff)

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