Tag: billion
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OpenAI spending hit $34 billion last year ahead of planned IPO, FT reports
June 15 : OpenAI spent $34 billion last year to dominate the booming AI market ahead of its planned IPO, the Financial Times reported on Monday.Audited financial figures show the ChatGPT maker spent about $19 billion on research and development in 2025 and nearly $6 billion on sales and marketing, as well as
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Nvidia to raise $25 billion in first corporate bond sale in five years
June 15 : Nvidia said on Monday it would raise $25 billion through a U.S. bond issuance, as it taps the debt market to increase liquidity for the first time since 2021.The debt financing was more than initially planned, Reuters had reported earlier on Monday, citing two sources. Investor demand for
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Nvidia to raise $25 billion, sources say, in first corporate bond sale in five years
June 15 : Nvidia will raise $25 billion through a U.S. bond issuance, more than initially planned, two sources told Reuters on Monday, as it taps the debt market to increase liquidity. Investor demand for the bond sale hit $85 billion, one of the sources familiar with the matter said, declining to be named as
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SpaceX IPO haul rises to $85.7 billion after underwriters exercise greenshoe
June 15 : SpaceX said on Monday that its underwriters had exercised the “greenshoe” option to purchase additional shares, increasing the total proceeds from its initial public offering to $85.7 billion from $75 billion that it raised last week.Elon Musk’s rocket, AI and internet conglomerate, which sold 555.5
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Salesforce deepens AI automation push with $3.6 billion Fin buyout
June 15 : Salesforce on Monday said it will buy autonomous AI agent platform Fin for about $3.6 billion, bolstering its Agentforce offering as the business software provider deepens its focus on automation.The acquisition marks Salesforce’s latest bet to accelerate its AI transition amid a wider industry shif
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Canada’s Nuvei to buy Payoneer for $2.75 billion in cross-border payments push
June 15 : Nuvei will buy cross-border payments firm Payoneer for about $2.75 billion in cash, the companies said on Monday, as the Canadian fintech aims to expand globally.Nuvei will buy all shares of Payoneer for $7.40 apiece, a premium of about 44 per cent to their last close on June 8. Payoneer has a…
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AT&S invests up to €2 billion in Malaysia plan to capitalise on AI boom
VIENNA, June 15 : Austrian circuit board manufacturer AT&S has announced it is investing up to €2 billion ($2.3 billion) in Malaysia to capitalise on the AI boom, sending its shares soaring nearly 30 per cent.”We will fully expand our site in Kulim,” the company’s CEO Michael Mertin told Reuters in an inter
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Musk says SpaceX could bring $1 trillion in revenue by 2030
June 15 : Elon Musk said on Sunday that his rocket company, SpaceX, could bring in $1 trillion in revenue by 2030, making the statement two days after the company went public, valuing it at over $2 trillion. “And I would be surprised if revenue is not greater than $1T in 2031,” he wrote on…
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UK, Japan set to agree $24 billion investment, tech partnerships
LONDON, June 13 : Britain and Japan are set to agree investment and technology partnerships worth more than £18 billion ($24 billion), expected to create tens of thousands of jobs, as Prime Minister Keir Starmer meets his Japanese counterpart Sanae Takaichi on Sunday.Here are some of the details as set out b
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Japanese investors sought more than $6.2 billion worth of SpaceX shares at IPO, sources say
TOKYO, June 13 : Japanese investors were willing to subscribe to more than 1 trillion yen ($6.2 billion) of shares in SpaceX’s record-breaking IPO, two sources familiar with the offering said.The majority of the demand came from retail investors, added the sources, who declined to be identified as they were n
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