In papers filed in the Manhattan federal court, prosecutors responded to early May filings in which Bankman-Fried's lawyers insisted that the United States overreached in its case against Bankman-Fried, making federal crimes out of regulatory issues.
The fundraising by Primavera, which invests primarily in China but has diversified into Southeast Asia and North America over the years, comes amid global macroeconomic and geopolitical challenges that have weighed on dealmaking activities.
Top four IT majors, Tata Consultancy Services (TCS), Infosys, HCLTech and Wipro, added 80 large clients which are classified as deals in the $10 million to $100 million range in the fiscal ending 2023 versus 132 clients in FY22, according to ET’s analysis.
With profitability still a far cry for venture-backed companies like Spinny, Cars24 and CarDekho, these platforms are either putting the brakes on business expansion or exiting the segment completely.
The 2024 presidential race is expected to be the first American election that will see the widespread use of advanced tools powered by artificial intelligence that have increasingly blurred the boundaries between fact and fiction.
The wide-ranging new lineup includes an AI supercomputer platform called DGX GH200, which will help tech companies create successors to ChatGPT.
MediaTek, a longtime supplier of low- and mid-tier smart phone chips, has been pushing into the market to supply chips for premium smartphones, once dominated by rival Qualcomm Inc, which has been in a legal battle with Arm since last year over chip licensing agreements.
