SoftBank commits $40 billion to second Vision Fund

SoftBank’s second fund has already secured funding from Standard Chartered Plc and Goldman Sachs Group Inc. According to a report from the Wall Street Journal, Japan’s SoftBank Group Corp will invest $40 billion in its second Vision Fund. SoftBank’s board will meet on Thursday to approve the commitment. SoftBank’s first, $100 billion Vision Fund was…

Saudi govt tapped Jeff Bezos’ phone, accessed private information

Gavin De Becker, a longtime security consultant, who is the security chief for Amazon.com’s chief executive Jeff Bezos has concluded that the Saudi Govt accessed and gained private information from it. He has handed over the findings of his investigation to U.S. federal officials. Gavin De Becker, a longtime security consultant, who is the security…

Details on Jeff Bezos’s private life was leaked by his gf’s brother: National Enquirer

The report from the National Enquirer is in stark contrast to Bezos’ security chief, Gavin De Becker who had reported that the government of Saudi Arabia had accessed Bezos’s private information from his phone.   As per a report from the publisher of the National Enquirer, the tidbits on the private life of Jeff Bezos,…

Saudi Arabia to invest $2 billion into solar & carbon black project

The project will also see the participation of South Korea’s OCI and China’s Longi. As per a statement from a Saudi official, Saudi Arabia plans on developing a $2 billion solar and carbon black integrated complex in partnership with South Korea’s OCI and China’s Longi. A feasibility study for the carbon black and solar project…

Saudi Arabia’s ACWA Power to expand into manufacturing of solar panels

ACWA Power’s plan has multiple sweet points given that it is aligned with Riyadh’s goal to diversify its economy and wean its economy away from just oil exports. In a development that places the development of power and water plants at the heart of Saudi Arabia’s bid to develop its renewable power industry, Riyadh-based ACWA…

Saudi Arabia and SoftBank ditches plan to build world’s biggest solar power plant

Having scrapped the $200 billion project Saudi Arabia said it will come announce a newer, broader strategy to renewable energy later this month. According to a report from the Wall Street Journal which cites officials from the Saudi government, Saudi Arabia has shelved its plan to build the world’s biggest solar powered project with SoftBank…