Vinfast to build integrated electric vehicle facility in Tamil Nadu with total investment of $2 billion
Vietnamese electric vehicle (EV) manufacturer VinFast on Saturday said it will work towards building an integrated EV facility in the…
Tag: billion
Mark Zuckerberg sold nearly half a billion dollars of Meta stock in last two months
Mark Zuckerberg sold nearly half a billion dollars of Meta Platforms Inc. shares in the final two months of 2023…
TikTok looks to take on Amazon in US, eyes $17.5 billion shopping business in 2024
ByteDance Ltd.’s TikTok aims to grow the size of its US ecommerce business tenfold to as much as $17.5 billion…
Social media firms gained $11 billion in ads from under-18 users’ engagement in 2022, finds study
Social media giants like Instagram, X (formerly Twitter) and Snapchat collectively gained nearly $11 billion in advertising revenue in 2022…
OpenAI annualised revenue tops $1.6 billion: report
OpenAI‘s annualised revenue recently topped $1.6 billion on strong growth from its ChatGPT product, up from $1.3 billion as of…
China softening stance on gaming after $80 billion rout, approves 105 domestic games
The titles included those operated by Tencent Holdings Ltd. and NetEase Inc., China’s two leading game publishers that have been…
VC-backed Indian public firms scale to $50 billion in market cap: Tribe Capital report
Underscoring a rebound in valuations of Indian venture-backed public companies – with the market capitalisation of these firms, including Zomato,…
How $100 billion mining giant Rio Tinto is poised to benefit from the EV boom
Copper mines like Rio Tinto’s Bingham Canyon mine on the outskirts of Salt Lake City are on the frontline of…
Open Text to Sell AMC Business to Rocket Software for $2.28 Billion in Cash
Open Text agreed to divest its application modernization and connectivity business to Rocket Software for about $2.28 billion in cash.…