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Toll collections to grow 10-11% in FY22 despite Covid: Care Ratings

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Toll collections to grow 10-11% in FY22 despite Covid: Care Ratings

CARE Ratings expects a total increase of about 10–11% in toll collection in FY 2012 based on the low base of factoring in the current position of Covid in FY 2012. This is despite the expectation of a 20% drop in toll collection in the first two. Months of fiscal year 22 as compared to the previous year.

A recent study by CARE Ratings reported that CARE Ratings’ investment-grade toll road portfolio is likely to provide stable credit performance despite Covid. Despite potential failures from traffic disruption, 4 of the 58 investment grade operational projects evaluated by CARE are likely to be credit-stable. This is due to the presence of a flexible toll collection, adequate debt coverage indicators, and liquidity buffers.

For these projects, CARE’s rating is expected to have a debt service coverage ratio (DSCR) of at least 1.10 times for the fiscal year 2012, a liquidity reserve equal to one-quarter of the amount. debt service. The remaining nine projects are likely to be supported with liquidity assistance from sponsors as needed.

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News Source: ConstructionWorld

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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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