Facebook has invested $5.7 billion for a 10% stake in Jio Platforms, an Indian tech company that includes the nation’s largest wireless provider, Reliance Jio. The deal, which Jio said values its business at roughly $66 billion, is a strong signal of Facebook’s interest in expanding its presence in India. Facebook CEO Mark Zuckerberg said in a post announcing the deal that the two companies...
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Live from SF, It’s Tech Week
Hi, welcome to your Weekend.It was the boom-iest of times, it was the doom-iest of times. At least that’s how it feels right now in Dickensian San Francisco, where AI companies are setting up shop on every avenue, while fentanyl dealers are hanging out in every alley. I joke—but seriously, it’s wild out here. No fewer than 17 of the 35 startups listed on The Information’s new Generative AI...
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