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BYTEDANCE AI LOAN
ByteDance secures $29.6 billion loan in AI push, sources sayByteDance secured a massive $29.6 billion loan from nearly thirty banks. Chinese banks provided over sixty percent of this significant loan...- Global Market: SoftBank's AI strategy stays on course despite flat OpenAI valuation in Q1SoftBank reported an 18% decline in first-quarter net profit, though earnings exceeded expectations as strong gains from Intel and ByteDanc...
- SoftBank seeks up to $40 billion loan to finance OpenAI investmentSoftBank is seeking up to $40 billion in loans, mainly to back its $30 billion investment in OpenAI. The Japanese firm has sold assets, inc...
- SoftBank sinks 10% — did selling Nvidia to fund a cash furnace just backfire big?SoftBank’s shares fell 10% after it sold all its Nvidia stock to fund new AI projects. The company is betting big on artificial intelligenc...
- The global AI divideThe rise of artificial intelligence has sparked a significant digital divide, where nations equipped with advanced computing capabilities, ...
- Sachin Bansal's Navi rejig; Infosys under scrutinySachin Bansal will become Navi's executive chairman, focusing on strategy. This and more in today’s ETtech Top 5.
- Battery makers are charging up; Amazon to acquire AxioTwo major battery manufacturers have plans to set up plants in India. This and more in today’s ETtech Morning Dispatch.
- BharatPe CEO on profitability, IPO timeline; Dunzo goes offlineMerchant payments player BharatPe is set to become a full-stack financial services platform. This and more in today’s ETtech Top 5.
- TikTok US ban: China weighs sale to Elon Musk as one possible optionChinese officials are considering Elon Musk to acquire TikTok's US operations if the app faces a ban. Musk, a prominent Trump supporter, co...
- Exclusive: Byju’s, lenders make peace; 28% eGaming GST causes rift in governmentHappy Monday. If a swallow does make a summer, maybe Byju’s is going to be in the (Barbie) pink of health or back in the (Oppenheimer) blac...
- PharmEasy SOS: plans rights issue at 90% discount to repay loan; Cabinet approves Digital Personal Data billThe online drugstore plans to swallow a bitter pill in the hope that it can heal itself. The distress rights issue, if it goes through, wil...
- Rajeev Misra’s $7 billion fund scouting for India opportunities after debut investment in Shapoorji PallonjiRajeev Misra told ET in an interview that One IM, which currently has a corpus of $7 billion, participated in a debt issue floated by the S...
- Rajeev Misra’s $7 billion fund eyes more India play; SRK may say bye to Byju’sIt's been exactly a year since Rajeev Misra stepped back as the top boss of Japanese multi-billion dollar conglomerate SoftBank’s tech-focu...
- ETtech Exclusive | Snap’s India usage doubled in 2022: Evan Spiegel; Byju’s in funding talks with Apollo Global, Abu Dhabi Fund 10X ADSnap Inc's cofounder & CEO spoke exclusively to ETtech about growth in the Indian market, leadership changes here, and focus on monetisatio...
- Govt finalising online gaming rules; LazyPay updates terms after RBI orderOfficials told us it would be “a light-touch framework that co-exists with the regulations” states have passed
- Espionage, profiling and economic control mark Chinese commercial companiesA disturbing picture of Chinese Commercial Entities (CCE) has emerged after a series of actions by Indian authorities since 2020—busting of...
- IT firms have people problems; TikTok owner explores India returnIronically, many IT companies have asked these very firms for advice on reducing attrition. As for employees that haven’t jumped ship, IT f...
- UPI hits new milestone of 5B monthly transactions; SoftBank to slow tech investmentsIn a boost for digital payments, transactions under the Unified Payments Interface (UPI) crossed the 5-billion count for the first time in ...
- Tata's neobanking pushIn today's ETtech Morning Dispatch, Tata Digital to add neobank to its super app, India's cryptocurrency industry attracts foreign funds, S...
- Home market gets attractive for India's IT giantsIt's a curious thing. India’s IT companies have historically ignored the domestic market.
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