Author: Deal Street Asia Online News

OpenAI co-founder John Schulman joins rival AnthropicOpenAI is facing significant personnel changes.

John Schulman, one of the co-founders of artificial intelligence company OpenAI, has left the ChatGPT maker for rival Anthropic, he said in a post on social media platform X late Monday. “This choice stems from my desire to deepen my focus on AI alignment, and to start a new chapter of my career where I can… Continue reading OpenAI co-founder John Schulman joins rival AnthropicOpenAI is facing significant personnel changes.

Telkom Indonesia taps Goldman, Mandiri to rope in investors for data centre businessGoldman is the global financial advisor and Mandiri Sekuritas is t…

Indonesia‘s state-owned communication giant Telkom Indonesia has appointed Goldman Sachs and Mandiri Sekuritas to help it find a strategic investor for its data centre business, according to a senior company official. Goldman Sachs is the global financial advisor for the project and Mandiri Sekuritas is the lead advisor, Telkom‘s Senior Vice President of Corporate Communication and Investor Relation Ahmad… Continue reading Telkom Indonesia taps Goldman, Mandiri to rope in investors for data centre businessGoldman is the global financial advisor and Mandiri Sekuritas is t…

Chinese state enterprise launches megaconstellation to rival Starlink: reportThe launch took place at Taiyuan Satellite Launch Centre.

A Chinese state-owned enterprise on Monday launched the first batch of satellites for a megaconstellation designed to rival US company Space X’s Starlink’s near-global internet network, a state-backed newspaper reported. The launch marks an important step in Beijing’s strategic goal of creating its own version of Starlink, a growing commercial broadband constellation that has about 5,500 satellites in space and is… Continue reading Chinese state enterprise launches megaconstellation to rival Starlink: reportThe launch took place at Taiyuan Satellite Launch Centre.

Saudi wealth fund PIF pumps another $1.5b into EV maker LucidThe EV maker is sufficiently funded till Q4 2025.

Lucid Group said on Monday its largest shareholder, Saudi Arabia’s Public Investment Fund, will inject up to $1.5 billion in cash, as the electric vehicle maker looks to ramp up production of a new SUV. The EV maker’s shares jumped about 6% in extended trading after closing down 3.9% in the regular session. The deal comes just… Continue reading Saudi wealth fund PIF pumps another $1.5b into EV maker LucidThe EV maker is sufficiently funded till Q4 2025.

9Basil Group hits final close of second private equity fundThe firm aims to invest more in its funds alongside investors to build a larger permanent c…

9Basil Group, a value-focused alternative investment firm, has completed the final close of its second private equity fund, the company said on Monday. Financial details of the corpus raised for the second fund remain undisclosed. After distributing over $35.3 million this year, the firm’s assets under management have grown to over $300 million. Investors include… Continue reading 9Basil Group hits final close of second private equity fundThe firm aims to invest more in its funds alongside investors to build a larger permanent c…

Macquarie to buy South Korea data centre for $537mGlobal tech giants Google, Amazon and Meta have built data centres in South Korea.

Macquarie will buy a data centre in South Korea for 734 billion won ($537 million) as the artificial intelligence boom drives demand for cloud computing and data warehouses in the country. Macquarie Korea Infrastructure Fund, through its special purpose firm Green Digital Infra, updated the market about the deal, adding that the investment could go up… Continue reading Macquarie to buy South Korea data centre for $537mGlobal tech giants Google, Amazon and Meta have built data centres in South Korea.

Indian e-scooter maker Ola Electric’s $734m IPO fully subscribed on Day 2Ola will use the proceeds to invest in its in-house cell manufacturing.

Ola Electric‘s $734 million initial public offering (IPO) was fully subscribed on the second day of bidding, reaching the target amid a sharp sell-off in global equity markets. The SoftBank-backed company’s IPO, the first by an electric vehicle maker in India and also the country’s biggest this year, has received bids worth about $447 million, 1.06 times the… Continue reading Indian e-scooter maker Ola Electric’s $734m IPO fully subscribed on Day 2Ola will use the proceeds to invest in its in-house cell manufacturing.