Investment and Finance Resource Hub

It was revealed earlier this week that the European Commission plans to allocate €865 million towards improving digital connectivity across EU member states from 2024 to 2027.

Telecom Italia (TIM) confirmed it has received a €700 million bid from Italy’s Ministry of Economy and Finance and Asterion subsidiary Retelit to purchase Sparkle.

In its largest investment in Italy, Microsoft has unveiled a €4.3 billion initiative to expand its cloud and AI infrastructure and train over one million Italians by 2025.

ChatGPT creator OpenAI has finally closed its long-awaited funding round, raising $6.6 billion in what is the largest venture capital round in history to continue its efforts in developing next-generation AI models.

Equinix has signed a joint venture agreement with Singapore’s GIC and Canada’s Pension Plan Investment Board (CPP Investments) to raise more than $15 billion in capital.

Japanese telecom giant SoftBank has reportedly agreed to invest $500 million in OpenAI while Apple has decided to drop out of backing the AI startup.

15 - 17 October, London

London, UK