Artificial intelligence is dangerous. But the main risk may not be the one popularised by Hollywood—a malevolent superintelligence bent on destroying humanity. Instead, AI itself could be benign, but its insatiable appetite for energy and growing carbon footprint could present a far greater threat: the acceleration of wildfires, floods, extreme weather and all of the… Continue reading What do ChatGPT’s AI-powered answers cost the environment?From Singapore to China, AI’s appetite for electricity and water grows insatiable as models …
Author: Deal Street Asia Online News
Indonesian tech giant GoTo eyes an affordable ride to profitability
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SE Asia Deal Review: Startup funding rebounds to five-month high of $878m in May
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Saudi wealth fund PIF holding talks to create boxing league: report
Saudi Arabia’s Public Investment Fund (PIF) is in discussions with multiple boxing stakeholders to create a league, potentially reshaping the competitive landscape of the sport, people familiar with the matter told Reuters. PIF is looking to invest in a joint venture with some of the sport’s stakeholders that would feature more boxing bouts, the people said, speaking on condition… Continue reading Saudi wealth fund PIF holding talks to create boxing league: report
Kotak’s fund to part-finance Matrix Pharma’s acquisition of Viatris’s API bizPost this acquisition, Matrix will be the second largest Indian API playe…
Kotak Alternate Asset Managers Limited (KAAML) has invested Rs 1,445 crore ($173 million) to part-finance Matrix Pharma’s acquisition of the active pharmaceutical ingredients (API) business of Viatris. The investment has been made through the Strategic Situations Fund II of KAAML, according to a statement. Post this acquisition, Matrix will be the second largest Indian API… Continue reading Kotak’s fund to part-finance Matrix Pharma’s acquisition of Viatris’s API bizPost this acquisition, Matrix will be the second largest Indian API playe…
Indian market regulator gives green light for Ola Electric’s IPO: report
Electric vehicle maker Ola Electric has received the Indian market regulator’s approval for an initial public offering (IPO), according to media reports on Tuesday. Ola Electric’s IPO comprises a fresh issue of Rs 5,500 crore and an offer for sale (OFS) of Rs 1,750 crore—totalling Rs 7,250 crore. Existing shareholders were said to be selling… Continue reading Indian market regulator gives green light for Ola Electric’s IPO: report
L Catterton looking to raise $800m for fourth pan-Asia fund: report
L Catterton is planning to launch three new funds targeting the Asia region, according to a media report. The private equity firm is looking to raise $800 million for its fourth pan-Asia fund, Private Equity International reported on Tuesday citing sources. The main fund is being accompanied by two separate country-focused vehicles targeting India and… Continue reading L Catterton looking to raise $800m for fourth pan-Asia fund: report
India Digest: Blue Earth Capital provides credit financing to Samunnati; Neo Asset closes credit opportunities fundBlue Earth Capital is a global spec…
Blue Earth Capital has completed a $16-million direct credit investment in India’s Samunnati. Separately, Neo Asset Management has closed its first Special Credit Opportunities Fund. Blue Earth Capital provides $16m credit financing to Samunnati Blue Earth Capital, a global impact investor, has made a $16-million direct credit investment into Indian agri enterprise Samunnati. While agriculture… Continue reading India Digest: Blue Earth Capital provides credit financing to Samunnati; Neo Asset closes credit opportunities fundBlue Earth Capital is a global spec…
India: LeapFrog powers Tiger Global-backed Battery Smart’s $65m fundingThe round saw participation from investors including MUFG Bank, Panasonic, EIF,…
Battery Smart, an Indian battery-swapping network for electric vehicles, on Tuesday said it has raised $65 million in a Series B funding round led by LeapFrog Investments to expand its footprint in its home market. The equity round consisted of a mix of primary and secondary investments and saw participation from new and existing investors,… Continue reading India: LeapFrog powers Tiger Global-backed Battery Smart’s $65m fundingThe round saw participation from investors including MUFG Bank, Panasonic, EIF,…
Indian NBFCs nudge RBI to review plan to raise provisions against infra loans
The lobby group for Indian non-banking lenders on Tuesday asked for a review of a recent proposal from the central bank calling for an increase in the provisions that lenders have to set aside against infrastructure project loans. Last month, the Reserve Bank of India (RBI) proposed that banks and non-banking financial companies set aside a provision of 5% of the total loan amount of infrastructure projects at the construction phase, a sharp… Continue reading Indian NBFCs nudge RBI to review plan to raise provisions against infra loans