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Apollo Inffratech Group & Parker Plant ( UK) setting up JV facility in Gujarat to manufacture asphalt plant

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Apollo Inffratech Group & Parker Plant ( UK) setting up JV facility in Gujarat to manufacture asphalt plant

Parker Plant Ltd was formed in 1911 and has an extensive product portfolio which incorporates mobile and static asphalt plants from 10‐500 tph. The newly formed joint venture is currently building a state‐of‐the‐art manufacturing facility near Mehsana, Gujarat, where Parker’s full range of batch and counterflow drum‐mix asphalt plants will be manufactured.

In welcoming the joint venture, Brett Dalby, Parker Plant’s Sales Director said, “The trajectory for India’s growth is impressive. We are delighted to join forces and invest in India with Apollo Inffratech Group to meet the exacting needs of such a vibrant market.” Apollo Inffratech Group’s Managing Director, Mitul Patel, commented “Apollo is pleased to add such a strong brand to its group.” The addition of such an extensive range of asphalt plants complements the group’s current activities in the concrete sector, where Apollo has gained tremendous success.

Mitul Patel went on to say, “With this latest joint venture the Apollo Inffratech Group has taken a further step to realise our respected Prime Minister’s ‘Make in India’ call, in manufacturing equipment to build a world-class infrastructure for the new India.” “The Joint Venture of Apollo Inffratech with UK’s Parker Plant is a testimony to the massive growth potential of India” said Shri Amitabh Kant CEO, NITI Aayog. “The JV will contribute to India’s vision of becoming Aatma Nirbhar or self-reliant while at the same time deepening our integration with the global value chains. It will bring new technology for greater innovation in the construction sector.”

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OpenAI buys new domain chat.com for over $15 million, it redirects to ChatGPT

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OpenAI buys new domain chat.com for over  million, it redirects to ChatGPT

The previous owner of the domain turned out to be Dharmesh Shah, founder and CTO of software company HubSpot

OpenAI has bought the domain chat.com. Clicking on it automatically routes you to the ChatGPT website.The AI giant’s CEO Sam Altman announced this on Thursday, November 7, 2024, by simply posting the URL on X (Formerly Twitter) without any description or reasoning.

Altman’s post has already gotten over 3 million views and nearly 15k likes. The domain purchase is likely part of a rebranding effort.

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The domain’s previous owner turned out to be Dharmesh Shah, founder and CTO of software company HubSpot. Shah announced this in posts on X and LinkedIn.

Also Read: Elon Musk’s net worth surges by $26.5 billion after Donald Trump wins US election; Bezos, Ellison, Buffett follow suit

In his post, he detailed how he had purchased the domain for $15.5 million earlier this year and sold it later to an undisclosed (at that time) buyer.

“Well, in an 8 character tweet (talk about brevity), Sam Altman, the CEO of OpenAI revealed that they were the buyer,” he wrote. ”If you visit the website now, it goes to ChatGPT.” Shah wrote he was not at liberty at that time to share who the acquirer was as he was “going to leave that to them, when they were ready.”

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He then went on to share GPT o1 prompt which reasoned the entire episode. “When he does sell a domain, it’s almost never at a loss,” and “Dharmesh doesn’t like profiting off of people he considers friends,” the prompt read, which could mean he did sell it for more than the $15.5 million he bought it for, since it also says he doesn’t like referring to himself in the third person.

However, its also indicated he got compensated in OpenAI shares since the prompt reads that he “always wanted to own OpenAI shares,” that “he doesn’t need the cash from a domain sale,” and that “he made a non-humble brag earlier this year that he’s now an investor in OpenAI.”

OpenAI has made headlines by acquiring the premium domain chat.com for a staggering sum reportedly exceeding $15 million. The move marks a strategic step by the AI giant, further solidifying its brand presence and making its flagship product, ChatGPT, even more accessible to users. The newly acquired domain now redirects to ChatGPT, streamlining access for millions of users worldwide.

Chat.com is one of the most coveted domain names, thanks to its simplicity and universal appeal. By securing this domain, OpenAI demonstrates its commitment to enhancing user experience and expanding its reach. The investment is seen as a bold move, indicating OpenAI’s confidence in the future of conversational AI.

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The acquisition of such a high-value domain reflects the increasing demand and competition in the AI-driven household name, redirecting from a memorable domain like chat.com is expected to boost traffic, improve brand recognition, and make the service more approachable to new users.

OpenAI has bought the domain chat.com. Clicking on it automatically routes you to the ChatGPT website.The AI giant’s CEO Sam Altman announced this on Thursday, November 7, 2024, by simply posting the URL on X (Formerly Twitter) without any description or reasoning.

Industry experts have lauded the decision as a smart branding strategy, underlining the importance of easy access in today’s digital-firs development highlights OpenAI’s mission to lead in AI innovation while ensuring usability and accessibility remain at the forefront.

#OpenAI #ChatGPT #ChatDotCom #DomainAcquisition #TechNews #AIInnovation #DigitalTransformation #ChatGPTUpdates #FutureOfAI #TechInvestments

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