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Malaysia's Axiata says AI unit gets $60 mln SoftBank Corp investment | Liz Lee

Malaysian telecommunications agency Axiata Group Bhd (AXIA.KL) on Tuesday stated Japanese peer SoftBank Corp (9434.T) will make investments $60 million in its digital analytics and synthetic intelligence (AI) arm ADA.

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Softbank Corp invests $60 million in Axiata's ADA unit for 23% stake | Yahoo Finance

KUALA LUMPUR (Reuters) -Malaysian telecoms agency Axiata Group Bhd on Tuesday stated Japan’s SoftBank Corp will make investments $60 million in its digital analytics and synthetic intelligence arm. Softbank will maintain a 23% stake within the unit, ADA, following the funding that values the unit at $260 million, Axiata stated in an announcement. With the funding, ADA will goal to increase its presence in South and Southeast Asia, Axiata stated.

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Softbank Corp invests $60 million in Axiata's ADA unit for 23% stake | Yahoo

KUALA LUMPUR (Reuters) -Malaysian telecoms agency Axiata Group Bhd on Tuesday stated Japan’s SoftBank Corp will make investments $60 million in its digital analytics and synthetic intelligence arm. Softbank will maintain a 23% stake within the unit, ADA, following the funding that values the unit at $260 million, Axiata stated in an announcement. With the funding, ADA will purpose to increase its presence in South and Southeast Asia, Axiata stated.

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Cognizant Technology Solutions Corp. stock falls Thursday, underperforms market

www.marketwatch.com | Hedge funds had develop into 'excessive' sellers of shares even earlier than Yellen's interest-rate remarks. Right here's why. Even earlier than the Treasury secretary and …

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