Thursday, January 23, 2025

Son's new vision

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Tech Across the Globe

Fake fish alert: EFishery, one of Indonesia's most prominent startups, is under investigation for allegedly faking much of its sales over several years. A preliminary probe estimates that management inflated revenue by almost $600 million. SoftBank is among its backers.

SAP shuns far right: SAP is concerned with the growing influence of the "very far right" in Europe and doesn't want it in power, CFO Dominik Asam said in an interview with Bloomberg News ahead of a German snap election on Feb. 23. "As a company that's so reliant on global trade and has such a diverse workforce from all countries of the world, we have to stand for the values of open society," he said.

Databricks' billions: Temasek, the state of Qatar, Meta and JPMorgan were among the backers in a $15 billion fundraising round by San Francisco-based Databricks, one of the most valuable privately held tech firms today.

Revalued

Alphabet is backing artificial intelligence startup Anthropic with an additional $1 billion after previously committing more than $2 billion to the company. The OpenAI rival is in talks to raise $2 billion in a funding round that would value it at $60 billion, Bloomberg reported earlier this month.

Must read

Masayoshi Son is Japan's biggest investor and, with his Vision Fund undertakings, arguably the biggest driver of ventural capital money into new tech firms over the past decade. He has now aligned himself with newly inaugurated President Donald Trump and is pouring billions into the US-based, OpenAI-led Project Stargate.

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