Apple is reportedly investing in OpenAI, a move that has sparked excitement and speculation among tech enthusiasts. This investment could potentially signal a deeper partnership between the two companies, particularly in the development of ChatGPT, OpenAI’s advanced language model. OpenAI has been at the forefront of language processing technology, continuously pushing the boundaries of what… Continue reading Apple is reportedly investing in OpenAI, which may signal a deeper ChatGPT partnership
Category: investment
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OMERS Ventures didn’t exit Europe because of the market — but it had good reason to
Recent reports that Canadian investment firm OMERS Ventures will be permanently withdrawing from the European tech market have taken some businesses and investors by surprise, and sent ripples of uncertainty through the industry. Although there are many questions as to why this financial giant has decided to exit the brilliant minds of Europe, the firm… Continue reading OMERS Ventures didn’t exit Europe because of the market — but it had good reason to
USDA announces $667 million in rural broadband funding
The U.S. Department of Agriculture (USDA) recently announced an unprecedented investment of $667 million into rural broadband projects across the country. This investment will help to bring much-needed internet access to thousands of rural communities in 48 states. The USDA’s rural broadband funding initiative is part of an effort to make America’s rural communities more… Continue reading USDA announces $667 million in rural broadband funding
Vinfast takes
Vinfast, the Vietnamese automaker, has certainly had an eventful year. In just the past year, the company has developed a driverless taxi, initiated a partnership with SoftBank’s Vision Fund, and raised $1 billion in venture capital investment. The driverless taxi, called “Vinfast Autopilot,” was a major achievement for the company. The system is designed to… Continue reading Vinfast takes
Mastercard purchase
Global payments and technology firm Mastercard Inc. announced on Wednesday that it has entered into an agreement to purchase a minority stake in MTN’s $5.2 billion fintech business. Mastercard’s strategic investment in the African telecommunications and digital services provider’s fintech business will be made via its newly launched venture capital fund, Mastercard Ventures. The major… Continue reading Mastercard purchase
visualization startup
Data visualization startup Virtualitics announced today that it has secured a $37 million investment. The funding will be used to continue to develop its technology and broaden its customer base. Virtualitics is a California-based technology company that specializes in data visualization. The company creates interactive visualizations, including 3D objects and virtual reality representations, from raw… Continue reading visualization startup
Coupang to ramp up investment in Taiwan after four quarters of profits
Coupang, South Korea’s leading e-commerce corporation, has announced plans to increase its investment in the Taiwanese market after reporting four consecutive quarters of profits in the region. The company saw its sales increase by 36 percent in the fourth quarter of 2020, and profits rose to $54 million. This makes Coupang one of the few… Continue reading Coupang to ramp up investment in Taiwan after four quarters of profits
Apple and Samsung line up to invest in Arm
The technology sector is buzzing with news that two of the world’s biggest tech giants, Apple and Samsung, are gearing up to invest in the UK-based chip designer Arm Holdings. The move marks a major shift in the industry landscape and could result in some changes for the companies involved and the semiconductor industry as… Continue reading Apple and Samsung line up to invest in Arm
Henrik Fisker: No ‘final conclusion’ yet in Foxconn deal
Electric-car maker Henrik Fisker is reportedly set to announce that there is no ‘final conclusion’ yet in its deal with Foxconn for a $300 million investment. The deal, which was announced in December, aims to help Fisker build its first production car, the Ocean electric SUV. The deal with Foxconn was meant to be part… Continue reading Henrik Fisker: No ‘final conclusion’ yet in Foxconn deal