Deal Corner- Microsoft Partners With Vodafone On Generative AI Integration
Microsoft and Vodafone have announced a 10-year strategic partnership, involving the integration of generative artificial intelligence (AI) capabilities.
Vodafone plans to invest $1.5 billion over the next decade in cloud and customer-focused AI services developed with Microsoft, while Microsoft will leverage Vodafone’s fixed and mobile connectivity services.
Magic Leap Secures $590 mn From Saudi Wealth Fund
Next deal on the show talks of Magis Leap’s fund raising activity.
This week, Magic Leap secured $590 million from Saudi Arabia’s sovereign wealth fund, which had become the company’s majority owner in late 2022.
Shanghai Incubator To Invest in 100 Startups
Shanghai-based GMore Tech plans to incubate 100 startups with a total investment of $422.5 mn in three years, such as offering Metaverse applications for tourist sites and using artificial intelligence to help stray pets.
Dutch Government Pledges $222 mn for AI Innovation
The government of the Netherlands will set aside $222.07 million, according to a Jan. 18 announcement from the Ministry of the Interior and Kingdom Relations. The funds aim to foster local investment in artificial intelligence (AI) and help the Netherlands “not to remain stuck on the sidelines” when it comes to AI.
Hong Kong Crypto Exchange HashKey Becomes Crypto Unicorn After $100 mn Raise
HashKey Group, which operates the Hong Kong-based crypto exchange, has “nearly” met its $100 million fundraising target, the firm said on Tuesday.
HashKey announced the fundraising round in August, shortly after it won a license from Hong Kong’s security regulator to offer retail crypto trading. The firm did not disclose the investors in the round and now has a valuation of $1.2 billion post-raise, giving it a “unicorn” status.
Flowdesk Raises $50 mn in Series B Round Featuring Ripple And Others
French crypto market maker Flowdesk has raised $50 million in a Series B funding round, led by Cathay Innovation.
The round, which commenced in June and concluded in November, saw participation from Cathay Ledger Fund, Eurazeo, ISAI, Speedinvest, Ripple, and Bpifrance.
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