Invests

In addition to being a world-class games experience and interoperating with Fortnite, the new persistent universe will offer a multitude of opportunities for consumers to play, watch, shop and engage with content, characters, and stories from Disney, Pixar, Marvel, Star Wars, Avatar, and more. Players, gamers, and fans will be able to create their own stories and experiences, express their fandom in a distinctly Disney way, and share content with each other in ways that they love. This will all be powered by Unreal…

The UK government is investing over £100mn in AI R&D and regulation, in its first official response to the AI white paper consultation it released in March 2023. Unlike the EU’s sweeping AI law, the UK’s announcement further backs the white paper’s “pro-innovation” approach. Aiming to establish rules that can be “more agile” than those of competitor nations, the government confirmed once again that it “will not rush to legislate.” Instead, it will retain a context-based approach that…

It may seem like Sony is ubiquitous, but there are a few regions where it has yet to fully establish or penetrate the gaming market. Africa as a whole has been largely neglected by the company, usually lumping it in with Europe when it comes to matters of release days. That may be about to change soon, thanks to an investment in Cape Town-based publisher Carry1st. The company specializes in facilitating Africans buying games using local infrastructure, but it’s been creeping its way into the development market as well,…

Samsung SDI, Samsung's battery manufacturing arm, has invested in a Canadian nickel mining firm. The company has signed a deal to invest in Canada Nickel, which would help Samsung SDI acquire the critical materials required to manufacture rechargeable batteries. Samsung SDI is trying to secure electric car battery material in North America The Canadian firm announced yesterday that Samsung SDI will acquire an 8.7% stake in Canada Nickel by investing $18.5 million. Under this deal, Samsung SDI will also secure a 10%…

Tiamat was one of 11 top-performing technology startups honoured with a Stellantis Ventures Award in 2023, and is the first company in the world to have recently commercialized a sodium-ion technology in an electrified product.New Delhi: Stellantis Ventures, the corporate venture fund of Stellantis N.V., has announced its participation as a strategic investor in Tiamat, a France-based company that is developing and commercializing sodium-ion battery technology.Sodium-ion…

Qualcomm on Sunday said it was investing Rs 177.27 crore to expand its Chennai presence with a new design centre facility which will specialise in wireless connectivity solutions, with a focus on innovations that complement wi-fi technologies. The announcement was made at the Tamil Nadu Global Investor Meet in Chennai. “The new design centre in Chennai plays a pivotal role in shaping the future of connectivity globally, especially in India," Savi Soin, president, Qualcomm India said in a statement. "(It) is a critical…

Taiwanese electronics manufacturing services major Foxconn has infused USD 55.29 million (about Rs 461 crore) in Bengaluru-based Foxconn Precision Engineering Private Limited, according to a regulatory filing. The company has made the investment through its Singapore-based subsidiary Foxconn Singapore Pte Limited. Foxconn Singapore has acquired about 46,08,76,736 shares at Rs 10 each, amounting to around USD 55.29 million (Rs 460.87 crore), according to the filing. Elevate Your Tech Prowess with High-Value Skill…

Consumer-focussed venture investor Sixth Sense Ventures, which has backed companies such as Bira91, Vahdam Teas and Veeba Foods, has invested Rs 100 crore in Indore-based spices brand Pushp.Nikhil Vora, founder and CEO of Sixth Sense Ventures, told ET that the investment includes a significant secondary component, in which the Mumbai-based fund bought a stake in the 49-year-old spices maker from A91 Partners, the company's first institutional investor.Elevate Your Tech Prowess with High-Value Skill CoursesOffering…

Agilitas Sports, the sportswear and athleisure products platform started by former Puma India head Abhishek Ganguly, has raised Rs 100 crore in new funding from venture capital fund Nexus Venture Partners. As part of the investment, Suvir Sujan, MD, Nexus Venture Partners, will join the Agilitas board as an advisor. In May, the Bengaluru-based company raised Rs 430 crore from Convergent Finance LLP, which is led by former Fairfax India executive Harsha Raghavan. The Agilitas investment from Nexus underscores the growing…

"The arrangement will allow both TikTok and GoTo to each serve Indonesian consumers and MSMBs (micro, small, and mid-size businesses) more comprehensively," TikTok said in a statement. "GoTo will...remain an ecosystem partner to Tokopedia through its digital financial services via GoTo Financial and on-demand services via Gojek . GoTo will also receive an ongoing revenue stream from Tokopedia commensurate with its scale and growth."The merged entity already has plans to launch its first campaign this week, in line with…