Billion
Digital euro could drain up to 700 billion euros of deposits in bank run, ECB says
The ECB has presented the digital currency as an alternative to US-dominated means of payment[FRANKFURT] A digital euro could drain up to 700 billion euros (S$1.1 billion) in deposits...
SoftBank’s Graphcore plans £1 billion chip investment in India
The US’s tensions with China have helped the country rise in prominence for global tech companies, but its AI infrastructure is still developing[LONDON] Graphcore, the British chip designer owned...
Chinese 450 billion yuan optics firm Innolight weighs Hong Kong listing: sources
[HONG KONG] Zhongji Innolight, a Chinese maker of optical communication modules and devices, is considering a listing in Hong Kong, according to people familiar with the matter.The Shandong-based company...
NYSE parent nears deal for US$2 billion stake in crypto-based betting startup Polymarket: sources
INTERCONTINENTAL Exchange, the parent of New York Stock Exchange, is in talks to invest US$2 billion in Polymarket, The Wall Street Journal reported on Tuesday (Oct 7), citing people...
BBVA has 8 billion euros to fund mandatory bid for Sabadell if needed: CEO
A combined entity would become one of the largest lenders in Europe by assets, with about one trillion euros[MADRID/LONDON] BBVA has eight billion euros (US$9.4 billion) in capital for...
Nvidia to invest $100 billion in OpenAI to build data centers
Nvidia plans to invest $100 billion in OpenAI, giving the ChatGPT maker a huge war chest to build data centers with the chip maker’s chips.OpenAI will gain access to...
Microsoft pledges to invest US$30 billion in UK as Trump visits
Britain ranks among the top countries for private AI investments over the past decade[LONDON] Microsoft announced on Tuesday (Sep 16) a US$30 billion investment in the UK over four...
Amazon to pay $2.5 billion to settle claims it duped Prime customers