…AI, with its shareholders eager to see how it will monetise the huge investments. “The Equity Placement is being undertaken to extend the Company’s global AI leadership,” Alibaba said in a statement. The company intends to use all of the net proceeds to invest in its “full stack AI capabilities, including to expand and…

Dangote Petroleum Refinery and Petrochemicals has completed a landmark $2.5bn private equity placement after the offer attracted demand more than three times the initial size. The company said the transaction, which achieved a 3.7 times subscription rate, resulted in the issuance and allotment of approximately $2.5bn i…