Investment and Finance Resource Hub

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.

Vertical Bridge has acquired the rights to lease and operate more than 6,000 wireless towers across the US from Verizon in a deal with $3.3 billion.

15 - 17 October, London

London, UK