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…
Spending on technology by global banks has reached 20%
Spending on technology by corporate and investment banks has reached 20%, according to Coalition Greenwich. This refers to the implementation of various automated systems to improve service levels. In 2023, financial institutions increased investment in this area by 5.4%, leading to increased costs.
Over the past…
US$2.5 billion deal between Brookfield and ATC India
Canadian company Brookfield has acquired ATC India for US$2.5 billion. This deal allowed the investment company to become a leader in the telecom sector in India. In 4 years, Brookfield has acquired three companies in the industry, the largest ATC.
It is worth noting that the Indian…
New Kyutai laboratory plans large-scale study of AI
The rapid development of artificial intelligence technology points to the need to integrate it into everyday processes. It is also a strategic innovation for countries, allowing them to strengthen their position on the world scene. Recognising the importance of this, French businessmen decided to invest in AI…