Author: Deal Street Asia Online News

Asia’s data centre landscape is red hot and increasingly complex

The rise of artificial intelligence is fueling massive demand for data centers in Asia, but multinational companies face a dilemma when it comes to settling on locations for them. From an economic point of view, it makes sense to build a consolidated facility in one country that can serve multiple markets — but governments in… Continue reading Asia’s data centre landscape is red hot and increasingly complex

Perplexity AI raises over $73m from Bezos, Nvidia, others at $520m valuationPerplexity AI raised $25.6m in March last year led by New Enterprise Assoc…

Perplexity AI has raised $73.6 million in its latest funding round from a group of investors including U.S. chip designer Nvidia and Amazon founder Jeff Bezos in a deal valuing the artificial intelligence startup at $520 million. The round was led by Institutional Venture Partners, the San Francisco, California-based company said on Thursday. Perplexity AI,… Continue reading Perplexity AI raises over $73m from Bezos, Nvidia, others at $520m valuationPerplexity AI raised $25.6m in March last year led by New Enterprise Assoc…

Microsoft adds ‘Copilot key’ to keyboards to call up AI chatbotAI PCs could help the personal computer market bounce back after its post-pandemic slum…

Microsoft said it is adding a button to its Windows keyboard that would pull up the tech giant’s Copilot service, in the first change for the device in nearly three decades. The “Copilot key”, announced on Thursday, marks the latest effort by the company, which is investing billions in AI, to incorporate the technology in its… Continue reading Microsoft adds ‘Copilot key’ to keyboards to call up AI chatbotAI PCs could help the personal computer market bounce back after its post-pandemic slum…

Indonesian airline Garuda repays $114m in debt owed to bondholders

Indonesia’s state flag carrier Garuda Indonesia said late on Thursday that it has paid back $113.8 million of the debt it owes to bondholders as part of its restructuring process. In 2022, the airline won creditors’ approval to restructure more than $9 billion of debt after it faced financial difficulties due to among others COVID-19-related travel curbs.… Continue reading Indonesian airline Garuda repays $114m in debt owed to bondholders

India’s digital currency transactions averaged more than 1m a day in Dec

Indian banks disbursed some employee benefits through the digital rupee in December, helping the Reserve Bank of India meet its target of one million daily transactions by end-2023, three sources directly familiar with the development said. The central bank digital currency (CBDC), called the e-rupee, has been devised as a digital alternative to physical cash… Continue reading India’s digital currency transactions averaged more than 1m a day in Dec

China’s Zhongning Silicon Industry bags over $112m in fresh funding round

Zhejiang Zhongning Silicon Industry, which makes silane gas and electronic-grade polysilicon used in integrated circuit industry, has secured 800 million yuan ($112.7 million) in a fresh funding round led by China-focused private equity investment firm Phoenix Tree Capital Partners.  Beijing-based Phoenix Tree Capital Partners, which manages venture capital, mergers and acquisitions, private investment in public… Continue reading China’s Zhongning Silicon Industry bags over $112m in fresh funding round

China’s Richen Capital hits first close of Fund V at $141m, targets $282m

Richen Capital has held the first close of its fifth flagship fund at over 1 billion yuan ($140.8 million), as the Chinese investment firm targets to hit the final close of 2 billion yuan ($281.6 million) within the next 12 months. China-based Richen Capital, which has over 10 billion yuan ($1.4 billion) in accumulated assets… Continue reading China’s Richen Capital hits first close of Fund V at $141m, targets $282m