The general consensus among analysts is that Tesla will need more capital in the near future. One of Tesla’s top shareholders, Baillie Gifford & Co, has stated, it is willing to invest more into the electric carmaker. “If he (Tesla CEO Elon Musk) needs more capital we would be willing to back him,” said Nick…
The expansion comes midst increased demand for cloud and mobile computing and e-commerce from countries across Asia. On Thursday, Facebook disclosed it would sink in more than $1 billion in its first data center in Asia which will be located in Singapore. It is slated to open in 2022. Facebook’s data center will be located…
The deal marks a strategic shift in Uber’s approach to maintaining its lead in the ride services industry. In a bid to catch up on rivals in the hotly crowded automated autonomous driving industry, Toyota Motor Corp said it will invest $500 million in Uber Technologies Inc so as to jointly develop self-driving cars. Although…
Technological areas in which Samsung Group will invest include, AI, bio-pharma, 5G and electronic components for next gen automobiles. On Wednesday, Samsung Electronics, a unit of the South Korean conglomerate Samsung Group stated, over the next three years it plans on investing up to $22 billion (25 trillion won) in artificial intelligence, electronic components for…
Valued at $56 billion, sources say Didi aims to spin-off its car services business before its potential blockbuster IPO. On Monday, China’s biggest ride-hailing service Didi Chuxing Technology stated it will invest $1 billion in its auto services business as part of a re-branding exercise ahead of its anticipated initial public offering (IPO). Didi also…
A portion of the investment will be raised in China. On Wednesday, Bloomberg reported citing a source, Tesla Inc plans on investing $5 billion for its new plant in China. Tesla plans on raising funds in China for a portion of the investment, said Bloomberg.
The Chinese facial recognition startup has attracted loads of investor attention so far this year. On Friday, as per a Bloomberg report, SoftBank Group Corp’s Vision Fund intends to invest nearly $1 billion in Chinese facial recognition startup, SenseTime Group Ltd. SoftBank’s Vision Fund and SenseTime are finalizing the terms of the deal and the…
By 2022, India aims to increase its solar energy capacity by 5 times to 20GW. On Friday, Japanese public broadcaster NHK reported, without citing sources, SoftBank Group Corp has decided to invest $60 billion to $100 billion in the solar industry in India. A formal agreement is expected to be signed soon between the Indian…
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