A&O Shearman invests $1.1bn in AI
The ‘magic circle’ firm has told lawyers each practice area must commit at least 3% of billable time to creating AI tools
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The ‘magic circle’ firm has told lawyers each practice area must commit at least 3% of billable time to creating AI tools
EloElo Group said it raised new equity funding, including from the Hollywood studio, to help its Story TV platform launch phone-focused mini-series internationally, including in the U.S. market.
Telugu cinema superstar Mahesh Babu has signed on as a strategic investor in Mumbai-based Shortgun Games, backing a studio that is building original titles for PC and console rather than mobile, long the focus of India’s digital entertainment sector. The studio, founded by Jeet Chandan and Vidhit Mehta, is developing original, franchise-scale IP aimed at […]
The International Finance Corporation (IFC), the private sector arm of the World Bank Group, announced on Monday that it had invested $100m in the initial public offering (IPO) of Egypt’s Banque du Caire, securing an approximately 7% equity stake. The investment aims to strengthen the bank’s capacity to expand financing for businesses and households across [
Recent Starlink suspension did not much affect Ukrainian lethality, but Kyiv shows it is losing trust in the US.
Beyti has invested more than EGP 7bn in Egypt and has an investment plan worth EGP 8.7bn for 2025-2027, the company announced, highlighting its contribution to local manufacturing, employment and sustainable economic development. The company provides around 6,000 direct jobs and 19,000 indirect jobs, exports to more than 45 countries, and sources 67% of its
A controversial rare earths and mineral sands mine planned for western Victoria receives a government funding boost, but farmers and locals aren't happy.
The exec is leading an investment to collaborate on new businesses and indie film production.
Katsina State has invested over ₦4bn to modernise its Youth Craft Village, with 1,662 graduates receiving start-up equipment to tackle unemployment. Read More: https://punchng.com/katsina-invests-%e2%82%a64bn-to-modernise-youth-craft-village/
Roughly a quarter of Microsoft's workforce will be eligible for a "voluntary exit offer" as the company tries to shed workers.
The European Investment Bank (EIB), through its development arm EIB Global, has invested $37.5m in Tanmiya Capital Fund II to expand access to growth capital for established small and medium-sized enterprises (SMEs) in Egypt. The investment was announced at a ceremony in Cairo attended by EIB Vice-President Gelsomina Vigliotti and Tanmiya Capital Ventures Ma
Egyptian Swiss Group for Pasta, Milling, and Concentrates is targeting turnover of EGP 11bn this year, with expected growth of 10% to 15% across its pasta, flour, tomato sauce and grain businesses, General Manager Ahmed El-Sebaei said. The group exports to around 60 countries and allocates approximately 80% of its production to overseas markets, accounting [
The European Investment Bank (EIB) has provided more than €1.2bn in financing for water investments in Egypt since 1989, supporting wastewater treatment, sanitation and water-quality improvement projects, EIB Vice-President Gelsomina Vigliotti said on Sunday. Speaking at the opening of Cairo Water Week 2026 on October 25, Vigliotti said the bank continues to
Q Developments’ total investments across its four real estate projects have reached approximately EGP 24bn, supported by a land portfolio of 220 to 260 feddans, CEO Ahmed Thabet said. The company is pursuing projects across Alexandria, the North Coast and West Cairo, while targeting the delivery of 350 residential units in 2027. Its strategy is […]
Higgsfield, the AI video and image generation company dabbling across both marketing and entertainment spaces, extended its Series B funding round with new investments from Nvidia and the investment firm TCV. The San Francisco-based company announced the investments as Nvidia CEO Jensen Huang visited Kazakhstan on Friday, where much of Higgsfield’s founding
David Ellison's father, billionaire and Oracle co-founder Larry Ellison, has a history with Musk.
It’s the latest in a growing wave of bets that AI companies are making on brain data.
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