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Huawei seeks AI chip deals in Middle East, Southeast Asia: Report - The Economic Times
Economic Times
·
1d ago
Medial
Huawei is seeking to export AI chips to the Middle East and Southeast Asia, targeting markets like the UAE, Saudi Arabia, and Thailand with its Ascend 910B chips. This move is an attempt to establish presence in areas dominated by Nvidia. Despite outreach, no deals have been secured yet, with limited interest shown from UAE parties. Huawei also aims to attract buyers by offering remote access to its China-based AI systems, although export is limited by supplies.
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How India emerged as top Asian destination for Middle East investors
VCCircle
·
1y ago
Medial
India has become the leading Asian destination for investment from the Middle East, according to a recent industry report. Over the past four years, India has received the most private capital from the Middle East, accounting for 50% of total deals made by Gulf investors in Asia. The consumer goods and services sectors have been the most popular areas for investment. This growth in investment highlights India's attractiveness as an emerging market and showcases its potential for further economic development.
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Aeria Bags Funding To Offer AI-Enabled Coworking Solutions
Inc42
·
1y ago
Medial
Aeria, a coworking startup founded by Priyanka Gera in 2023, raised $1.8 Mn led by Kalaari Capital, with participation from Foundamental, AC Ventures, AL Trust, and angel investors. The funds aim for expansion across Southeast Asia, the Middle East, and Asia. Aeria provides AI-driven tenant experience platforms, integrating over 100 technologies for workplace efficiency, targeting Asia Pacific's $52 Bn commercial real estate.
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AI not just a buzzword, startups must use it to build businesses: Lenskart CEO Peyush Bansal
Economic Times
·
1y ago
Medial
Lenskart, which earlier this year closed a $500 million funding round, currently has more than 2,000 stores, of which 1,500 are in India, with the remainder in Southeast Asia and the Middle East.
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How India emerged as top Asian destination for Middle East investors
VCCircle
·
1y ago
Medial
India has become the most favored destination for Middle East investors in Asia, receiving the highest amount of private capital from the region. Over the course of four years, India accounted for 50% of total deals made by Gulf investors in Asia. The consumer goods and services sectors were the most popular for these investments. This information was revealed in a recent industry report.
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Times Internet picks up BCCI media rights for key international markets
Livemint
·
1y ago
Medial
Times Internet has acquired media rights for broadcasting bilateral cricket matches played in India across international markets, including North America, the Middle East, and Southeast Asia. As part of the agreement with Pitch, a UK-based sports marketing agency, Times Internet will have exclusive rights to broadcast India's home bilateral series from September 2023 through March 2028. This will allow them to distribute 88 cricket matches between India and other countries through Willow TV and Cricbuzz. Viacom18 will continue to telecast and stream the matches exclusively in India.
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Nisus Finance targets overseas LPs for Gulf fund, sets closing timelines
VCCircle
·
5m ago
Medial
Nisus Finance Services, an Indian real estate investment firm, is expanding its investor outreach to Southeast Asia, Europe, and the Middle East for a $500 million Gulf-focused real estate fund. The firm aims for a final close by the end of the year.
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OpenAI's Sam Altman seeks US government nod for AI chips venture: report
Economic Times
·
1y ago
Medial
OpenAI CEO Sam Altman is seeking approval from the U.S. government for his AI chips venture, which could raise national security and antitrust concerns. Altman has informed potential investors and partners that he needs a green light from Washington to proceed. He has met with Commerce Secretary Gina Raimondo and is working to arrange meetings with other officials. Altman's business plan, which could be partly financed from the Middle East, has attracted interest from investors and chip companies in the U.S., Middle East, and Asia.
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Adani Group plans to expand ports biz in Vietnam for overseas trade, receives nod to develop greenfield project: Report | Mint
Livemint
·
12m ago
Medial
Indian conglomerate, Adani Group, is planning to build a port in Vietnam as part of its expanding infrastructure development and international trade opportunities. Adani Ports and Special Economic Zone Ltd. has received preliminary approval from the Vietnamese government for the greenfield project, which will include container terminals and multipurpose berths. The total investment required for the project is yet to be determined. Adani Group currently owns ports in Israel, Sri Lanka, and Tanzania, and aims to increase its international operations to 10% by 2030. The company is also exploring opportunities in the Middle East, Southeast Asia, and East Africa.
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Sequoia China to compete with Peak XV in Singapore
Entrackr
·
2y ago
Medial
Sequoia’s Chinese arm HongShan is expanding in Singapore and has set up an office in the capital city to invest in startups in the Southeast Asia region, according to a report by Financial Times.
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Mubadala acquiring Afro-Indian pharma platform in landmark PE exit for DPI, others
VCCircle
·
1y ago
Medial
Abu Dhabi's sovereign investor, Mubadala Investment Company, is set to acquire pan-African specialty generic biopharmaceutical platform, KELIX bio, from a consortium of investors. The deal, one of the largest private equity exits and M&A deals in Africa in the last twenty years, will strengthen Mubadala's presence in the life sciences sector. KELIX bio develops and commercialises affordable specialty products for underserved populations in emerging markets. It has an export presence across Africa, Latin America, Southeast Asia, and the Middle East and generates revenues exceeding $150 million.
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