Here are the business stories making the headlines across Scotland and the UK this morning.
Stephen Flynn calls on Ed Miliband to change Westminster oil and gas regime
SNP Westminster leader Stephen Flynn has called for changes to Westminster’s oil and gas regime.
Flynn has written to UK Government Energy Secretary, Ed Miliband, amid reports that the UK Government is considering a recommendation to allow exploration in new fields via adjacent existing fields.
The Aberdeen South MP said that the “path to clean energy security is being blocked by your UK Government’s licensing and fiscal regime, which is destroying the highly skilled jobs in our existing offshore industry”.
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Nvidia to invest $100bn in OpenAI
US tech giant Nvidia will invest up to $100bn (£73bn) in OpenAI, the firm behind ChatGPT, the companies have announced.
Nvidia said it will supply high-performance chips needed for the processing power required by artificial intelligence (AI), of which OpenAI is a specialist.
Described as a "strategic partnership" by Nvidia, it is the latest move by two high profile tech firms in the global AI race, where China is an emerging rival.
Apollo Global Management ends pursuit of Costa Coffee
Apollo Global Management, the American private equity firm, is said to have pulled out of the running for Costa Coffee.
Apollo, which owns The Restaurant Group, Wagamama’s parent company, has decided not to make an offer for the high street coffee chain as early-stage talks with Coca-Cola, Costa’s owner, failed to progress, Sky News reported.
The value placed on Costa could be as low as £1.5 billion, Sky said, a big discount on the £3.9 billion that Coca-Cola paid for the company in 2019.
Jimmy Kimmel show to return after suspension over Charlie Kirk comments
US comedian Jimmy Kimmel will return to his late-night talk show on Tuesday after he was suspended for making jokes relating to the death of conservative influencer Charlie Kirk.
Disney, which owns the US broadcast network that airs Jimmy Kimmel Live, said on Monday that it suspended the show because it "felt some of the comments were ill-timed and thus insensitive".
The comic's abrupt suspension came after threats by the federal tv regulator to revoke ABC's broadcast licence, sparking nationwide debates over free speech.
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