The FinTech Hub
Source: Live Mint SoftBank Group, OpenAI and Oracle have announced that they are forming a $500 billion joint venture in order to fund artificial intelligence infracture in the United States with a new joint venture dubbed ‘Stargate’. The announcement was made by OpenAI CEO Sam Altman, SoftBank CEO Masayoshi Son and Oracle Chairman Larry Ellison…
Source: Live Mint ChatGPT-owner OpenAI is allowing its employees to sell roughly $1.5 billion worth of shares in a new tender offer to Japan’s SoftBank Group, two sources familiar with the matter told Reuters on Wednesday. SoftBank’s billionaire CEO Masayoshi Son has been persistent in seeking a larger stake in the startup after investing in…
Source: Live Mint “It is a momentous event. We have raised a huge amount of capital in the middle of a tough market, which is a great feat,” Sumer Juneja, managing director for EMEA & India at SoftBank Investment Advisors, told Mint. Swiggy had raised $3.2 billion in private capital in total from marquee investors…
Source: Live Mint SoftBank Group Corp. swung to a quarterly profit on a series of successful Indian listings and a rebound in tech valuations that boosted the Vision Fund portfolio. The Tokyo-based company earned a net income of ¥1.18 trillion ($7.7 billion) in the September quarter, compared with a net loss of ¥931 billion last…
Source: Live Mint Indian food-delivery platform Swiggy Ltd. is considering filing publicly for its domestic initial public offering as soon as this week, people familiar with the matter said, adding to a strong pipeline of share sales in the country. Swiggy’s IPO may seek to raise more than $1 billion, the people said, asking not…
Source: Business Standard 3 min read Last Updated : Aug 02 2024 | 5:18 PM IST E-commerce firm Meesho has strengthened its board with the appointment of four independent directors, including a former CII president and a JPMorgan veteran, the firm said on Friday, as it expressed confidence that the new members would help…
Source: Business Standard Prathyusha Agarwal, Business Head, Shopsy 4 min read Last Updated : Aug 07 2024 | 10:50 PM IST Flipkart’s hyper-value e-commerce platform Shopsy is intensifying efforts to tap over half of the 821 million internet users (about 442 million) in rural India. These efforts are being led by Prathyusha Agarwal,…
