AIComputingSoftware

Advent International Weighs $2 Billion Exit for Luxury Fragrance House Parfums de Marly

Advent International is reportedly considering a sale of luxury perfume house Parfums de Marly that could value the business at over $2 billion. The potential divestment follows the firm’s majority stake acquisition in 2023 and comes amid heightened dealmaking in the premium fragrance market.

Potential Luxury Fragrance Sale

Private equity group Advent International is reportedly exploring a potential sale of Parfums de Marly that could value the luxury fragrance business at more than $2 billion, according to people familiar with the matter. Sources indicate the investment firm is in early discussions about divesting the perfume house, which also owns the Initio Parfums Privés brand, with a possible transaction occurring as soon as next year.

AIInnovationSoftware

OpenAI Debuts ChatGPT Atlas Browser in Challenge to Google’s Market Dominance

OpenAI has entered the browser market with ChatGPT Atlas, an AI-enabled web browser now available globally on macOS. The launch positions OpenAI directly against Google Chrome in the increasingly competitive AI browser space, with cross-platform expansion planned.

OpenAI Enters Browser Market with AI-Powered Solution

OpenAI has launched ChatGPT Atlas, an artificial intelligence-enabled web browser that represents the company’s first major foray into the browser market, according to reports. The global release comes several months after industry speculation suggested OpenAI was developing a browser to challenge Google Chrome’s dominance.