The government investments for businesses in Germany
In recent years, Europe has experienced economic difficulties that have affected all market participants. In Germany, business investment has declined, particularly in the technology sector. The government has set aside €12 billion to support start-ups. As part of the initiative, representatives of the authorities, businesses, and KfW Bank…
Magnetar closes venture fund for AI start-ups
Magnetar has announced the closing of a US$235 million venture fund. The firm focused on supporting start-ups working in the generative AI space. Investors in the fund included PEAK6 Strategic Capital and Apex Fintech Solutions.
Artificial intelligence is booming. It is attracting the attention of investors who are…
AI chipmaker Graphcore to become part of SoftBank structure
Japanese investment holding company SoftBank has announced the acquisition of Graphcore. Graphcore is a leading chip manufacturer in the UK. Its activities focus on chips for training artificial intelligence models. The deal is worth around US$600 million.
SoftBank's acquisition of Graphcore is not its first attempt…
How bitcoin ETF benefit from hedge fund activity
Digital assets are becoming increasingly popular with traditional investors. Hedge funds, once sceptical about cryptocurrencies, are now actively investing in bitcoin ETFs.
According to recent data, more than 50% of hedge funds in the US invest in bitcoin ETFs, diversifying their portfolios. Analysts say such trends indicate…
SK Group to invest USD 75bn by 2028
Korean giant SK Group has announced an investment of USD 75 billion. The funds will increase chip production and flow to SK Hynix in instalments until 2028.
Chaebol's semiconductor business operates through a subsidiary of SK Hynix. According to official information, about 80% of the said amount…
Venture capitalists interested in European projects
After two years of stagnation, venture capitalists are returning to the European market. Global and regional problems have cooled investors' interest in local startups. However, analysts have noted increased activity in the sector since the beginning of the year. This is particularly noticeable in financing startups in the early…
Improved cloud infrastructure in Singapore will boost AWS services
Amazon's cloud infrastructure in Singapore will get an upgrade thanks to a significant investment. The company's AWS division will invest around US$8.9 billion to expand its services in the country. The funding will be made available in instalments over four years.
Amazon's interest in the region…
Sunfire plans to expand the production of green hydrogen
German startup Sunfire has secured €500 million in funding. New investors in the startup include LGT Private Banking, Carbon Equity and GIC. Existing partners, including Lightrock, Amazon Climate Pledge Fund and Blue Earth Capital, participated in the round. In addition to the abovementioned amount, Sunfire received…
Simple Planet raises KRW 8 billion investment to develop technology
Korean company Simple Planet has raised KRW 8 billion in a round of funding. Investors included local funds and venture capital firms such as POSCO Technology, Hyundai Technology Investment, Easy Holdings and others. The company has received 10 billion won in investment since its launch.…
General Motors increases investment in electric car production in Brazil
The American company General Motors has announced investments in the production of electric cars in Brazil. The company plans to invest USD 1.4 billion over 5 years in producing environmentally friendly transport. This step will allow GM to accelerate the production of electric cars in…