investment
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Anthropic, the Amazon and Google-backed AI startup behind Claude is once again on the hunt for cash, with reports suggesting it could raise up to $2 billion. -
Microsoft has continued its global cloud and AI infrastructure investing efforts, unveiling plans to spend $3 billion in India.
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The Commerce Department has finalised Hemlock Semiconductor (HSC)’s $325 million direct funding award to build a new manufacturing facility in Hemlock, Michigan.
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Asia Pacific data centre operator Digital Edge has raised more than $1.6 billion to expand its services across the region.
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The US Department of Commerce has earmarked the location of the third flagship CHIPS for America research and development (R&D) facility and greenlit the creation of a virtual semiconductor manufacturing research centre.
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Microsoft plans to invest $80 billion to build AI-enabled data centres, Brad Smith, the company’s president has revealed.
Forthcoming events
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Telia Company has agreed to sell its 47.1% stake in Turkcell Holding, which owns 51% in Turkcell, to the state-owned Turkey Wealth Fund (TWF), for US$530 million.
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Telia Company has confirmed it is in advanced talks with the Turkish Wealth Fund (TWF) about a “potential divestment of its indirect stake” in Turkcell, valued at US$530 million.
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TPG has become Jio Platforms’ eighth investor, taking a 0.93% stake in the company for $600 million.
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Two major UAE sovereign wealth funds have become the latest backers to claim a stake in India’s digital future in less than seven weeks, after Jio Platforms confirmed it has received almost US$2 billion over two deals.
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The chair of Commsworld has called on stakeholders to embrace new technology to tackle the “lack of equitable growth” in UK tech – an issue exasperated by the Covid-19 pandemic.
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Telcos have demanded the removal of right of way charges in Nigeria, the latest development in a months-long battle that has seen some states hike fees by 1,200%.
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Jio Platforms has raised a further US$1.5 billion after global investment firm KKR became the fifth company in as many weeks to back the Indian telco and tech giant.
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Crown Castle International Corp. (NYSE: CCI) has set a dividend per share growth target of 7% to 8% for the coming year in its Q1 financial results.
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Jio Platforms is to receive another multi-million-dollar investment following news that global growth equity firm General Atlantic has taken a 1.34% equity stake in the Indian digital services platform.
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Reliance Industries and Jio Platforms have confirmed a third investor in less than a month, after Vista Equity Partners followed in the footsteps of Facebook and Silver Lake by taking an equity stake in the company.
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Digital Colony has announced a strategic recapitalisation of Beanfield Metroconnect that will see the digital infrastructure investment platform of Colony Capital Inc (NYSE: CLNY) invest US$181 million in Beanfield to capitalise on “a variety of new segment and revenue opportunities”.
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US-based tech investment firm Silver Lake has paid US$746.8 million dollars for a 1.5% stake in Jio Platforms, part of Reliance Industry’s telecoms arm Reliance Jio.
