Analysis
The new version has improved coding and math-related skills, it said.
Musk's AI startup xAI to launch enhanced version of chatbot
PE firm Capsquare Asia said to be eyeing full exit from IDX-listed Champ Group
Global M&A activity bounces back in Q1 but APAC deals slump
India: Zepto-backer Alteria Capital closes venture debt fund at $195m
Taiwan's Shin Kong Life disposes of stake in Warburg Pincus, four other PE funds
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India: Former Premji Invest execs-led PE firm Trident Growth eyes $250m debut fund
Vietnam-based PE firm Mekong Capital testing new waters for future growth
HSBC launches $1b ASEAN growth debt fund and $150m SG venture debt fund
SE Asia-focused PE funds salvage 2023 performance with strong H2 fundraising
SG’s Fractional aims to deliver more brand bang for startup’s buck
US M&A volumes surged 59%. European deals jumped 64%, but APAC volumes fell 40%.
Private Equity
The move comes on the heels of Taiwanese insurer Cathay Life’s decision to offload its stake in multiple PE vehicles.
Policy & Regulations
Bankman-Fried acknowledged that FTX customers had suffered, and he offered an apology to his former FTX colleagues.
The firm will get commercial milestone payments and low-single-digit royalties on the flu vaccine.
Stonepeak is also looking at communications, and transport & logistics sectors in APAC.
Data show that over the past 90 days, nearly 94% of TikTok users in the US have begun using YouTube.
Prosecutors also charged the exchange’s founders, Chinese nationals Chun Gan and Ke Tang, with conspiracy.
The Swiss firm said it sees much bigger deal flows on the secondaries side.
Deals
The investment is BII’s first direct equity investment since re-entering SE Asia in 2022.