Latest news with #HarshitaMaryVarghese
The Star
17 hours ago
- Business
- The Star
Meta seeks $29 billion from private capital firms for AI data centers, FT reports
FILE PHOTO: A Meta logo is pictured at a trade fair in Hannover Messe, in Hanover, Germany, April 22, 2024. REUTERS/Annegret Hilse/File Photo (Reuters) -Meta Platforms is seeking to raise $29 billion from private capital firms to build artificial intelligence data centers in the U.S., the Financial Times reported on Friday. The Facebook-parent has advanced discussions with private credit investors including Apollo Global Management, KKR, Brookfield, Carlyle and Pimco, the report said, citing people familiar with the matter. Meta is looking to raise $3 billion in equity and $26 billion in debt, the report said, adding that the company is debating how to structure the fundraising and may also seek to raise more capital. Such a fundraising comes at a time when Meta has doubled down its commitment to artificial intelligence, including a $14.8 billion investment in startup Scale AI. Meta, Apollo Global, KKR, Brookfield, Carlyle and Pimco did not immediately respond to Reuters' requests for comment. Meta was working with its advisers at Morgan Stanley to arrange the financing, and it was considering ways that could make the debt more easily tradeable once it was issued, the FT report said. (Reporting by Harshita Mary Varghese in Bengaluru; Editing by Maju Samuel)
Time of India
4 days ago
- Business
- Time of India
T-Mobile to launch data service on satellite-based network in October
By Harshita Mary Varghese T-Mobile will introduce a data service on its satellite-to-cell network , powered by SpaceX's Starlink, at the start of October, the company's head of marketing, strategy and products said during a live event in Bellevue. Over 1.8 million customers have signed up for the service since its beta program launch at the end of 2024, including "hundreds of thousands of customers from AT&T and Verizon," Mike Katz said on Monday. T-Satellite will commercially launch on July 23, with SMS texting, MMS, picture messaging and short audio clips. On October 1, it will launch a data service to allow application experiences on the satellite network. With over 657 Starlink satellites supporting customers with the service, the U.S. wireless carrier is looking to eliminate mobile dead zones and extend connectivity to more than 500,000 square miles in the U.S. that traditional cell towers can't reach, including those of Verizon and AT&T. "The vast majority of signups was after we did the Super Bowl ad," Katz told Reuters in an interview. Katz said that the satellite beta adoption has been fairly balanced between the top 100 markets and small town rural areas in the U.S. T-Satellite will be included at no extra cost with T-Mobile's new "Experience Beyond" plan. For others - including AT&T and Verizon customers - the service will be available for $10 per month. T-Mobile said that it anticipates satellite-enabled apps from AccuWeather, AllTrails, Apple, Google, WhatsApp and X, among many others in the future.
Yahoo
5 days ago
- Business
- Yahoo
T-Mobile to launch data service on satellite-based network in October
By Harshita Mary Varghese (Reuters) -T-Mobile will introduce a data service on its satellite-to-cell network, powered by SpaceX's Starlink, at the start of October, the company's head of marketing, strategy and products said during a live event in Bellevue. Over 1.8 million customers have signed up for the service since its beta program launch at the end of 2024, including "hundreds of thousands of customers from AT&T and Verizon," Mike Katz said on Monday. T-Satellite will commercially launch on July 23, with SMS texting, MMS, picture messaging and short audio clips. On October 1, it will launch a data service to allow application experiences on the satellite network. With over 657 Starlink satellites supporting customers with the service, the U.S. wireless carrier is looking to eliminate mobile dead zones and extend connectivity to more than 500,000 square miles in the U.S. that traditional cell towers can't reach, including those of Verizon and AT&T. "The vast majority of signups was after we did the Super Bowl ad," Katz told Reuters in an interview. Katz said that the satellite beta adoption has been fairly balanced between the top 100 markets and small town rural areas in the U.S. T-Satellite will be included at no extra cost with T-Mobile's new "Experience Beyond" plan. For others — including AT&T and Verizon customers — the service will be available for $10 per month. T-Mobile said that it anticipates satellite-enabled apps from AccuWeather, AllTrails, Apple, Google, WhatsApp and X, among many others in the future.
Yahoo
5 days ago
- Business
- Yahoo
T-Mobile to launch data service on satellite-based network in October
By Harshita Mary Varghese (Reuters) -T-Mobile will introduce a data service on its satellite-to-cell network, powered by SpaceX's Starlink, at the start of October, the company's head of marketing, strategy and products said during a live event in Bellevue. Over 1.8 million customers have signed up for the service since its beta program launch at the end of 2024, including "hundreds of thousands of customers from AT&T and Verizon," Mike Katz said on Monday. T-Satellite will commercially launch on July 23, with SMS texting, MMS, picture messaging and short audio clips. On October 1, it will launch a data service to allow application experiences on the satellite network. With over 657 Starlink satellites supporting customers with the service, the U.S. wireless carrier is looking to eliminate mobile dead zones and extend connectivity to more than 500,000 square miles in the U.S. that traditional cell towers can't reach, including those of Verizon and AT&T. "The vast majority of signups was after we did the Super Bowl ad," Katz told Reuters in an interview. Katz said that the satellite beta adoption has been fairly balanced between the top 100 markets and small town rural areas in the U.S. T-Satellite will be included at no extra cost with T-Mobile's new "Experience Beyond" plan. For others — including AT&T and Verizon customers — the service will be available for $10 per month. T-Mobile said that it anticipates satellite-enabled apps from AccuWeather, AllTrails, Apple, Google, WhatsApp and X, among many others in the future. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Star
18-06-2025
- Business
- The Star
Microsoft prepared to walk away from high-stakes talks with OpenAI, FT reports
FILE PHOTO: Microsoft logo is seen in this illustration taken February 16, 2025. REUTERS/Dado Ruvic/Illustration/File Photo (Reuters) -Microsoft is prepared to walk away from its high-stakes talks with OpenAI over the future of its multibillion-dollar alliance, the Financial Times reported on Wednesday. The tech giant has considered halting complex discussions with the ChatGPT maker if the two sides remain unable to agree on critical issues such as the size of Microsoft's future stake in OpenAI, the report said, citing people familiar with the matter. Microsoft and OpenAI did not immediately respond to Reuters' requests for comment. (Reporting by Harshita Mary Varghese in Bengaluru; Editing by Maju Samuel)
