Local crime, high school sports, county politics, events tonight, and business closings — the daily Metro Detroit report from HEREDetroit.
Business
DETROIT, Mich. — Detroit-based DTE Energy is shedding its non-utility DTE Vantage arm in a cash deal worth nearly $3 billion. Buyers are institutional funds advised by J.P. Morgan Asset Management's Global Infrastructure team. An SEC Form 8-K says DTE locked in the purchase agreement on Nov. 1 with Velocity…
From Merger Monday
A month ago the debate over the two leading AI labs was whether they were worth $1.5 trillion or $2 trillion. This week the debate moved lower. OpenAI closed $11 billion at a $1.25 trillion valuation, below the price it first sought and far short of the $30 billion it…
From Merger Monday
OpenAI closed on $11 billion of new funding, the first piece of a round that values the artificial-intelligence company at $1.25 trillion, according to people familiar with the matter, as investors grow more selective about the prices they will pay for AI developers. The initial close covers a little more than…
Traffic
DETROIT, Mich. — Two of Detroit’s busiest freeways are shut down in sections this weekend while state road crews repave and patch pavement, and drivers heading downtown should plan on detours through Monday morning. Northbound I-75 is blocked from the Lodge Freeway up to I-375. Going the other way, southbound…
Traffic
DEARBORN, Mich. — A Dearborn Heights teen is dead after a one-car wreck at the Monroe and Beech intersection area, authorities confirmed. Dearborn Police found the scene while already on patrol. The young driver left the roadway and hit a tree. People nearby said the car had been going fast.…
Crime
DETROIT, Mich. — A Detroit mother is facing a Michigan gun-storage charge after her toddler got hold of a handgun left unsecured at a west-side Detroit home and shot himself in the abdomen. The Wayne County Prosecutor's Office charged Amoya Black, 26. Detroit Police arrived Tuesday morning on Evergreen Road…
Hyper-local coverage across Wayne
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