Ant Group Spends $2.9 Billion on Research
Last year, Ant Group Co. spent a record 21.2 billion yuan ($2.9 billion) on research.
Investing - page 16
Saudi Fintech Rasan Jumps by 30%
Saudi fintech company Rasan Information Technology Co. has moved forward in its debut in Riyadh, managing to raise 841 million riyals ($224 million) amid the hype associated with the listing, as a result of which several companies have started trading in the kingdom over the past month.
Linq Raises $6.6 Million to Bring AI to Financial Analysts
Startup Linq raised $6.6 million in investment funds.
Black Semiconductor Raises $273 Million
The company Black Semiconductor, which is based in Germany and develops graphene-based technology for connecting chips, was able to raise investment funds for 254.4 million euros (about $273 million).
AI Startup iGenius Seeks Funding at €1.7 Billion Valuation
Startup iGenius, which operates in the artificial intelligence industry and seeks to compete with OpenAI and other companies developing the mentioned advanced technology, seeks to raise investments worth 650 million euros ($698 million) at a post-money valuation of about 1.7 billion euros.
Kraken Reportedly Considers $100 Million Funding Round
The media reports that the Kraken cryptocurrency exchange is currently considering the possibility of conducting a final round of financing before a possible initial public offering (IPO).
TymeBank Reportedly Aims to Raise $100 Million
Media reports indicate that TymeBank is committed to raising investment funds worth at least $100 million to expand its operations in the domestic market, which in this case is South Africa.
NYSE and Nasdaq to Get Competition From Texas National Stock Exchange, Backed by BlackRock and Citadel
The Texas Stock Exchange (TXSE) has reportedly secured about $120 million in funding from investors, including BlackRock, the world’s largest asset manager, and Citadel Securities, a market maker.
Microsoft to Invest $3.2 Billion in Sweden
Microsoft on Monday, June 3, announced its intention to invest $3.2 billion to expand its cloud and artificial intelligence infrastructure in Sweden over two years.
Google to Invest $2 Billion in Malaysia
Last Thursday, May 30, Google announced plans to invest $2 billion in Malaysia.
Goldman Sachs Alternatives Raises Loan Partners Fund
Goldman Sachs Alternatives has raised more than $20 billion for direct lending to large clients.
Rows Raises $8.7 Million
Rows reported that it managed to raise 8 million euros (about $8.7 million).
Essential Advice for Your Investment Journey
With countless options and strategies, the world of investing can seem pretty overwhelming. What is the most profitable option for your money? Is your profile diversified enough? How can you mitigate the risks associated with investing? The questions are almost endless. However, with the right guidance, you can turn the complex journey of investing into […]
Startup xAI Raises $6 Billion
Startup xAI, which operates in the artificial intelligence industry, raised $6 billion in investment funds.
Google to Invest $350 Million in Flipkart
Google will acquire a minority stake in Walmart-backed Flipkart.
Microsoft and G42 Announce Geothermal Data Center in Kenya
Microsoft and G42, a leading AI company in the United Arab Emirates, have joined forces to implement a project that involves the construction of a geothermal-powered data center in Kenya.
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