Press Digest-Financial Times - July 28

• Private capital group Ares Management ARES.N has held talks to acquire Leonard Green & Partners, one of the oldest and most profitable private equity firms, in a deal that would more than quadruple the size of its private equity business.

• Nvidia NVDA.O has agreed a $5 billion investment in Safe Superintelligence, the secretive artificial intelligence start-up led by OpenAI co-founder Ilya Sutskever, deepening the chipmaker’s ties with one of Silicon Valley’s most closely watched AI companies.

• Jodrell Bank, Britain’s world-famous radio telescope outside Manchester, is set to lose its scientific funding following cuts in the government’s physics and astronomy research budget.

• Amazon AMZN.O plans to launch a constellation of more than 5,000 satellites to provide mobile phone services to consumers around the world, as it steps up its efforts to take on Elon Musk’s Starlink.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))