Japanese telecom company SoftBank’s Vision Fund will invest $500 million (roughly Rs. 4,190 crore) in OpenAI’s latest funding round, The Information reported on Monday, citing a person familiar with the deal. SoftBank declined to comment, while OpenAI did not immediately respond. The company at the heart of the Artificial Intelligence (AI) boom is raising $6.5 billion (roughly Rs. 54,478 crore) in the…
SoftBank-backed Meesho aims for three-fold growth in orders in the upcoming festive season as it will leverage Meesho Mall for the first time to attract consumers to buy directly from brands and authorised channel partners. The company launched an in-app brand store Meesho Mall last year to enable brands to…
India’s Ola Electric plans to file regulatory papers for its up to $700 million (roughly Rs. 5,815 crore) IPO before the end of October as the e-scooter maker fast-tracks its listing move, three people with direct knowledge said. Backed by investors including Singapore’s Temasek and Japan’s SoftBank, Ola Electric was…
Swiggy, the Softbank-backed food delivery company, is eyeing a 2024 stock market listing and has initiated talks with bankers to assess its valuation, after halting the process for months due to weak markets, three sources with direct knowledge of the matter said. Swiggy, which delivers food from restaurants and also…
Apple and Samsung Electronics will invest in SoftBank Group-owned chip designer Arm at its initial public offering (IPO), expected in September, Japan’s Nikkei newspaper reported on Tuesday. Reuters reported in June that Arm was in talks with some ten companies – including Apple, Samsung, and Intel – with the aim…
SoftBank Group‘s Chief Executive Masayoshi Son said on Tuesday he is a “heavy user” of ChatGPT, the artificial intelligence-powered chatbot from Microsoft-backed startup OpenAI. Son said he is speaking “almost everyday” to OpenAI CEO Sam Altman, who has made high-profile visits to Tokyo this year as he looks to capitalise…
India’s Ola Electric will hold talks next week with investors in Singapore and the United States on its planned stock market listing, the first of a series of meetings for its up to $1 billion (nearly Rs. 8,250 crore) IPO, two sources with direct knowledge said. The sources said Ola,…
British chipmaker Arm is building its own semiconductor to showcase the capabilities of its products, as it seeks to attract new customers and fuel growth following its Initial Public Offering (IPO) later this year, the Financial Times reported on Sunday. Arm will team up with manufacturing partners to develop the new…
Arm, owned by Japan’s SoftBank Group, is seeking to raise prices for its chip designs, as it aims to boost revenue ahead of an initial public offering in New York, the Financial Times reported on Thursday. The British chip designer recently notified several of its customers of a “significant shift”…
China’s Alibaba Group has sold its remaining stake in Indian digital payments firm Paytm for about Rs. 1,378 crore through a block deal, stock exchange data showed on Friday. The exit comes days after Paytm posted its first-ever quarterly operating profit as a listed firm, nine months ahead of its…
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