Microsoft CEO Satya Nadella casually responded to Elon Musk‘s concerns about the Stargate AI infrastructure project’s financing, offering a dismissive response in a recent CNBC interview. When questioned about Musk‘s funding allegations, Nadella simply remarked, “All I know is, I’m good for my $80 Billion,” effectively sidestepping detailed scrutiny. Musk, CEO of Tesla and a…
ChatGPT maker OpenAI, led by Sam Altman, has announced “Stargate,” a $500 billion project aimed at building new AI infrastructure in the US over the next four years. This initiative, backed by SoftBank, Oracle, and MGX, plans to immediately deploy $100 billion. OpenAI claims Stargate will solidify American AI leadership, generate jobs and economic benefits,…
NEW DELHI: Big investors including Norway‘s sovereign wealth fund Norges and Fidelity have placed bids worth more than $15 billion in Swiggy’s India IPO, 25 times the $605-million portion reserved for such investors, four sources told Reuters on Thursday.Swiggy, a SoftBank-backed food and grocery delivery giant, will next week launch its $1.4-billion IPO that will…
Hospitality startup Oyo’s former group chief financial officer, Abhishek Gupta, has joined omnichannel eyewear retailer Lenskart as its CFO. “After 9 amazing years at Oyo, I have recently joined Lenskart as the CFO. Thank you Ritesh (Agarwal) and the entire team of Oyo for the trust and friendship,” Gupta said in a LinkedIn post on…
FILE PHOTO: FILE PHOTO: llustration taken January 8, 2024. REUTERS/Dado Ruvic/File Photo/File Photo Arm, the chip design powerhouse, recently approached Intel about potentially acquiring its product division, but was told the business is not for sale, according to a Bloomberg report citing a person with direct knowledge of the matter.The high-level inquiry from Arm specifically…
