Semiconductors form the backbone of modern electronics, powering everything from smartphones and computers to advanced medical devices and innovative military technology. The United States has long been a leader in semiconductor manufacturing, but in recent years, the industry has faced increasing competition from overseas manufacturers. Recognizing the strategic importance of maintaining a strong domestic semiconductor […]
Microsoft plans to invest $1.5 billion in G42, an artificial intelligence firm in the United Arab Emirates, the New York Times reported on Tuesday. G42 had divested its investments in China and began the lengthy task of pulling out Chinese hardware amid U.S. concerns over its relationship with Chinese businesses. Under the partnership, G42 will use Microsoft's cloud services and accede to a security arrangement negotiated in detailed conversations with the U.S. government, the newspaper said....
Microsoft said Tuesday that it will invest $1.5 billion in G42, a leading United Arab Emirates AI firm.
The already-complicated battle over control of Hipgnosis Songs Fund grew even more so on Saturday, as the private equity firm Blackstone bid $1.5 billion to the troubled fund — which includes the rights to catalogs by Neil Young, Shakira, Blondie, Journey, Lindsey Buckingham and others — pushing aside Concord’s $1.4 offer made earlier in the week. Blackstone already owns
Microsoft is investing $1.5 billion in a technology firm based in the United Arab Emirates and overseen by the country’s powerful national security adviser. Microsoft and the technology holding company G42 announced the deal Tuesday. As part of the agreement, Microsoft's president, Brad Smith, will join G42's board of directors.
Microsoft will invest $1.5 billion into G42, an artificial intelligence firm based in the United Arab Emirates.
HSF's board is unanimously recommending this offer to shareholders Source
CHICAGO >> The Chicago Bears unveiled a nearly $5 billion proposal today for an enclosed stadium next door to their current home at Soldier Field as part of a major project that would transform the city’s lakefront, and they are asking for public funding to help make it happen.
Singapore’s Temasek and US’ Fidelity are in advanced discussions to invest around $200 million in Lenskart through a secondary share sale at a valuation of about $5 billion, three people aware of the matter said.To put this in perspective, the round would take the homegrown eyewear company’s valuation to over three times that of Warby Parker, a New York-based online retailer for spectacles and contact lens. Warby Parker listed on the NYSE late in 2022 and has a market capitalisation of around...
A lawsuit filed by Rep. Ronny Jackson of Texas and victims of terror attacks in Israel alleges that the Biden administration has unlawfully provided $1.5 billion in aid to organizations in Gaza and the West Bank that support Hamas and other terrorist groups. The lawsuit claims that President Joe Biden and Secretary of State Antony […]
Financing for the deal will be supported by Concord's partner Apollo Capital Management, the U.S. private equity giant.
Walt Disney famously said that Disneyland will never be completed. He was right. The vote by the Anaheim City Council on Wednesday to approve the Disneyland resort's $1.9-billion expansion plan is the latest of several huge investments made by the media giant at the 100-acre facility known to its fans as the "Happiest Place on Earth." Once upon a time, Disneyland was just a concept that grew out of a visit by Disney to Griffith Park in Los Angeles. Then on July 17, 1955, the gates were flung...