invests

Abu Dhabi Investment Authority invests $500M in India’s Lenskart

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Abu Dhabi Investment Authority invests $500M in India’s Lenskart

[ad_1] New Delhi: Omnichannel eyewear unicorn Lenskart has signed a definitive agreement with Abu Dhabi Investment Authority (ADIA) to raise $500 million from the authority. The investment is an extension to last year’s funding round, helping Lenskart maintain its $4.5 billion valuation. The company said that the capital will be deployed to deepen its presence … Read more

Microsoft invests billions of dollars in ChatGPT developer OpenAI

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Microsoft invests billions of dollars in ChatGPT developer OpenAI

[ad_1] San Francisco: Microsoft on Monday announced a multi-year, multi-billion-dollar investment in OpenAI, the developer behind AI-driven ChatGPT which has become a rage. The tech giant, which infused $1 billion in OpenAI in 2019, did not divulge the investment amount in the “third phase of our long-term partnership with OpenAI”. Earlier reports had claimed Microsoft … Read more