BBG: Adani Group buys Orient Cement as race with Birla heats up
BLOOMBERG reports: Ambuja Cements Ltd., part of the Adani Group, has agreed to acquire Orient Cement ...
BLOOMBERG reports:
SoftBank Group Corp.’s Vision Fund 2 is investing in US artificial intelligence startup Perplexity AI at a $3 billion valuation, Masayoshi Son’s latest bet on a sector he deems crucial to securing his legacy.
SoftBank will invest between $10 million and $20 million in the firm, which aims to use AI to compete with Alphabet Inc.’s Google search, according to people familiar with the matter. It’s investing as part of a larger $250 million funding round that triples Perplexity’s valuation and makes it one of the industry’s most highly valued companies…
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