In a strategic move to solidify its dominance in the increasingly competitive artificial intelligence sector, OpenAI is not merely seeking capital; it is aiming to forge exclusive commitments from its investors. The company has garnered substantial backing, with high-profile investors like Thrive Capital and Tiger Global committing a staggering $6.6 billion. However, OpenAI’s latest request […]
AI Growth Fueled by New Malaysian Policy
In a bold move to establish itself as a center for artificial intelligence (AI) innovation, Malaysia has announced significant plans to create a national cloud policy and regulations to encourage ethical AI practices. Prime Minister Anwar Ibrahim highlighted these initiatives amid rising global tech investments, which are vital for developing the infrastructure needed to meet […]
Inbolt Secures €15 Million to Boost Robot AI
In the competitive landscape of robotics, securing adequate funding plays a pivotal role in driving innovation and expansion. Recently, the Paris-based startup Inbolt successfully raised €15 million in a Series A funding round, bringing its total funding to €20 million. This critical infusion of capital is expected to significantly enhance Inbolt’s capabilities in the development […]
What the Fed’s Big Rate Cut Means for Fashion
In a significant policy shift, the U.S. Federal Reserve has reduced interest rates for the first time since the pandemic, a decision resonating throughout various sectors, including fashion. The reduction of rates, by half a percentage point to a range of 4.75% to 5%, aims to stimulate economic activity by making borrowing cheaper for consumers […]
BlackRock and Microsoft Plan $30 Billion AI Infrastructure Investment
In a significant move towards bolstering artificial intelligence capabilities, BlackRock and Microsoft have unveiled plans to establish a groundbreaking investment partnership valued at over $30 billion. This initiative, known as the Global AI Infrastructure Investment Partnership, will focus on creating the essential infrastructure needed to support the escalating demand for AI technologies across the globe. […]
Exclusive: L Catterton Invests in British Fragrance Brand Vyrao
In a strategic move signaling the growing dynamics of the fragrance sector, L Catterton, the private equity powerhouse backed by luxury conglomerate LVMH, has invested in Vyrao, a rising star in the niche perfume market. The investment marks a significant step for Vyrao as it prepares for expansive growth. Founded by Yasmin Sewell, a former […]
Microsoft Increases Dividend as AI Spending Rises
In a strategic maneuver reflecting positive forecasts and robust capital investments, Microsoft has recently announced a significant increase in its quarterly dividend and initiated a substantial share buyback program. The technology behemoth has raised its quarterly dividend to $0.83 per share, indicating a remarkable 10% increase, a move that underscores its confidence in current and […]