Call it a modern-day version of a spectacular Renaissance patronage. Since 2019 Microsoft has provided more than $13bn in cash and computing capacity to OpenAI , a once-penniless startup that is now at the forefront of generative artificial intelligence (AI) and, as of its most recent fundraising round, worth $157bn. In exchange, Microsoft has gained … Read more
After a long hiatus, Bertie found himself back in the land of his beloved Queen—may her soul rest in peace. Ever a creature of habit, even on vacation, Bertie continued his routine of reading the country’s leading financial daily. Labour had recently secured a historic landslide victory, so he expected jubilant headlines, brimming with optimism. … Read more
Throughout the year, some of the most anticipated IPOs, such as Tata Technologies, IREDA, JSW Infra, and Cello World, among others, made their debut in the primary markets. Most IPOs this year garnered substantial subscriptions and witnessed positive movements on their listing days. Moreover, equity fundraising through IPOs, as well, witnessed a notable 20 percent … Read more