Latest news with #USD200
India.com
12-07-2025
- Business
- India.com
Rs 86000000 in salary: Google, Meta, and OpenAI ready to offer huge money for people with talent in...
Rs 86000000 in salary: Google, Meta, and OpenAI ready to offer huge money for people with talent in… Top Tier Talent Salary: In order to hire special talents, major companies around the world are making changes in their salary structure. Tech giant Google has also made major changes in the way the company pays salaries. It has made changes in the salary to attract good and talented employees. These moves are necessary to stay ahead in the ongoing competition in the field of Artificial Intelligence. Not only Google and Meta but also OpenAI are also offering huge salary packages to talented employees. As per a report by Business Insider, citing US Department of Labour documents, software engineers at Google can get a basic salary of USD34,0000 (approx Rs 3 crore). Apart from the basic salary, the company will also give its shares and bonuses, further increasing the total income. Notably, positions such as Product managers, AI researchers and people working in other technical positions are getting impressive salary packages. Meta Is Offering Huge Salary Google is currently facing a very tough competition from other tech giants such as Meta and OpenAI. These companies are also luring good talents in AI by offering them huge salaries. Meta has also invested huge amount in AI and now hiring AI researchers and engineers to power its Generative AI and Reality Labs division. Meta's significant investment in advanced AI in 2023 is reflected in high salaries for its senior AI researchers, ranging from USD600,000 to USD1 million per anum. The salary also includes bonuses and stock options. OpenAI, backed by Microsoft, also offers competitive packages for senior research engineers. These packages range from USD200,000 to USD370,000 in base salary, reaching USD800,000 to USD1 million with equity and profit-sharing incentives. Why Is There A Salary Increase? The tech giants are increasing the salary packages because they want to keep employees who are capable of enhancing large language models, improving generative AI tools, and developing new technologies. According to experts, these high salary packages are not just for new hires but are also to retain good employees in the company.
Business Wire
02-07-2025
- Business
- Business Wire
AN Venture Partners Announces Final Close of $200M Fund I
SAN FRANCISCO & TOKYO--(BUSINESS WIRE)--AN Venture Partners (ANV), a global biotech venture capital firm, today announced the final close of its first fund, AN Venture Partners I, LP, achieving its target of USD200 million (JPY29 billion), one of the largest Japan-focused biotech venture capital funds to date, and also one of the largest first-time biotech venture capital funds raised in the past year. More than 20 Limited Partners (LPs) have invested in the fund, led by Japan Investment Corporation, Shionogi & Co., Ltd., Otsuka Pharmaceutical Co., Ltd., MUFG Bank, Ltd. and Sumitomo Mitsui Banking Corporation. Ken Horne, Managing Partner of ANV, said: 'We are delighted to announce the successful close of our first fund at a record level and we want to thank all of our investors and advisors for their support. In particular, I want to thank my fellow investment partners Ari Nowacek, Takashi Futami, and Jun Hashimoto for all their effort and hard work.' 'We made our first investment in December 2023,' he continued, 'and everything we are seeing confirms our initial hypothesis that Japan represents an untapped source for innovative science. By identifying, investing and developing biotech companies based upon Japanese science into global success cases, ANV hopes to produce strong returns for its investors and to make a significant impact on growing the Japanese biotech ecosystem.' ANV was founded in 2022 in alliance with ARCH Venture Partners, one of the leading venture capital firms in the global biotechnology field. ANV will invest across all stages, from pre-proof-of-concept to advanced clinical stages, and sources, whether academia, big pharma spin-outs or combinations thereof, in biotech and biotech-related fields. The fund is interested in all modalities and disease spaces that can have significant clinical impact. ANV will focus on science originating in Japan but can invest globally as well. Given the current ecosystem in Japan, ANV will often take an active role in company-creation and work hand-in-hand with the founders to build global biotech companies. To date, the firm has invested in seven companies, including Capacity Bio, Typewriter Therapeutics, City Therapeutics, and Imbria Pharmaceuticals. City Therapeutics successfully completed a significant series A round and announced important strategic collaborations with large global pharma companies. Typewriter Therapeutics has been selected by the Japan Agency for Medical Research and Development (AMED) as a recipient of the 'Strengthening Program for Pharmaceutical Startup Ecosystem' and has gained access to financial support to expedite its development. A further three companies are currently in stealth mode. In addition to making its own investments, ANV is also working to advance the Japanese government's flagship policy of establishing the country as a leader in the field of biotechnology by 2030. In accordance with this initiative, the firm has been officially accredited as a certified venture capital by AMED. The ANV team is also collaborating with leading academics at major Japanese universities, the Cabinet office and a number of other government agencies to promote development of the biotech ecosystem in Japan. It has also brought the Science-to-Startup (S2S) event from the US to Japan, holding a successful first event in November 2024 that attracted almost 200 scientists, entrepreneurs and investors. The initiative aims to bridge cutting-edge life science research with practical applications. It strengthens Japan's biotech ecosystem by connecting researchers with global venture capital firms and creating opportunities to present commercialization ideas to investors and pharmaceutical companies. About AN Venture Partners ANV is a Tokyo and San Francisco-based multi-stage, global biotech venture capital firm specializing in bridging innovative science from Japan with the US start-up ecosystem. AN Venture Partners I, LP is a USD200 million fund that closed in June 2025. The firm was established in 2022 by a group of experienced venture capitalists from Japan and the United States, who have a wealth of experience building start-ups. ANV is committed to strengthening Japan's biotech ecosystem and founded initiatives such as Science2Startup Japan to accelerate ecosystem growth. For more information, please visit Appendix: Fund Overview Fund Name: AN Venture Partners I, LP Fund Size: USD200 million (approx. JPY29 billion) Backed by more than 20 Limited Partners (LPs) Fund Term: 10 years (launched December 2023) Investment Focus: Sector: Biotechnology and related fields Stage: Pre-seed to advanced clinical stages (flexible, stage-agnostic) Geography: Japanese startups or science-driven innovations from Japan Global startups leveraging Japanese technology Portfolio Companies: 7 investments (as of June 2025), including: Capacity Bio (Mitophagy platform) Typewriter Therapeutics (TPRT gene writing) City Therapeutics (RNAi drug discovery) Imbria Pharmaceuticals (Partial fatty acid oxidation inhibitors) Three stealth mode companies Portfolio Companies Capacity Bio, Inc. Mechanism: Mitophagy Overview: Developing a groundbreaking mitophagy treatment platform. The company's team has identified druggable surface receptors that induce mitophagy—a process that promotes the breakdown and regeneration of mitochondria, improving mitochondrial quality. Its pipeline addresses potential treatments for neuromuscular diseases, neurodegenerative diseases, autoimmune diseases, and rare genetic disorders. Typewriter Therapeutics, Inc. Mechanism: TPRT gene writing Overview: A startup aiming to commercialize mRNA-based gene therapies using its proprietary platform technology for targeted therapeutic gene insertion. Founded based on research achievements in transposons by one of its co-founders, Professor Emeritus Haruhiko Fujiwara of the University of Tokyo, who also serves as the company's senior researcher. Selected in December 2024 for AMED's "Strengthening Program for Pharmaceutical Startup Ecosystem." City Therapeutics, Inc. M echanism: RNAi Overview: A next-generation siRNA drug discovery company, co-founded with intellectual property from Professor Yukihide Tomari of the University of Tokyo and Professor Kotaro Nakanishi from Ohio State university. Completed a $135M Series A funding round in October 2024. Announced a strategic partnership with Bausch + Lomb in January 2025 and Biogen in May 2025, including milestone payments of up to USD485 million and up to USD1 billion respectively. Imbria Pharmaceuticals M echanism: Partial Fatty Acid Oxidation Inhibitor Overview: Developing treatments for non-obstructive hypertrophic cardiomyopathy (nHCM) and heart failure with preserved ejection fraction (HFpEF). Its lead candidate, ninerafaxstat, is a partial fatty acid oxidation inhibitor that shifts myocardial energy metabolism from fatty acid utilization to glucose utilization, improving energy efficiency. Completed a $58M Series B funding round in April 2025, primarily to advance Phase 2b clinical trials for nHCM.
Watani
19-06-2025
- Business
- Watani
Solar energy industrial complex in SCZONE
The Ain Sokhna Industrial Zone, affiliated to the General Authority for the Suez Canal Economic Zone will soon be home to a new integrated industrial complex for the manufacture of solar energy components. Chinese Sunrev Solar Prime will be implementing the project. The construction contract for the new industrial complex was signed on 18 June 2025 by Cao Hui, Managing Director of TEDA, and He Fei, Managing Director of Sunrev Solar. TEDA was established in 2008 and is the main body of the development and construction of the China-Egypt TEDA Suez Economic and Trade Cooperation Zone, an important platform for enhancing production capacity cooperation between China and Egypt. Sunrev Solar is a major international solar‑components manufacturer, with 30 years of experience in the field. The signing ceremony was attended by Prime Minister Mostafa Madbouly; Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Lieutenant General Kamel al-Wazir; and Chairman of the General Authority for the Suez Canal Economic Zone (SCZONE) Waleid Gamal Eldien. Under the contract, in the first phase of the project, two integrated factories will be constructed to produce two gigawatts of solar cells and two gigawatts of solar modules. The second phase includes the production of basic raw materials such as silicon ingots and silicon wafers, in addition to the cells and modules in the first phase. The Prime Minister pointed to the Suez Canal Economic Zone's assets and capabilities, which contribute to attracting more investments in various sectors. He noted the government's vested interest in new and renewable energy and the efforts to provide further facilitations and incentives for this promising sector to thrive. He highlighted current efforts to localise the manufacture of various components and supplies for new and renewable energy projects. According to the Chairman of SCZONE, this project is among the largest industrial investments in renewable energy supplies within the Suez Canal Economic Zone, spanning an area of 200,000 square meters. The total investments of the project, he said, are estimated at USD200 million in two phases: USD90 million for the first phase, and USD110 million for the second phase. The project is expected to contribute to the creation of more than 1,800 direct job opportunities over its two phases, in addition to achieving significant added value through the export of its products to regional and international markets, with expected annual revenues expected to rise up to USD300 million. The foundation stone for the project will be laid on 19 June, and the first phase of the project is expected to start operation in the first half of 2026. The project reflects the confidence of major international companies in the investment climate within the SCZONE, Mr Gamal Eldien stressed, and reinforces SCZONE's strategy to localise advanced industries and integrate solar energy production and supply chains, making the production chain in Egypt complete, from raw materials to the final product. Mr Gamal Eldien assured SCZONE's commitment to providing all necessary facilities and support to ensure the rapid implementation of the project according to the targeted timeline. Watani International 18 June 2025 Comments comments Tags: Lillian NabilSolar energy industrial complex SCZONE
Express Tribune
01-05-2025
- Entertainment
- Express Tribune
Kanye drops lost album 'Donda 2' after three years
After three years of waiting, confusion, leaks, and livestreams, Kanye West, or Ye, as he now goes by, has finally released Donda 2 on major streaming platforms, reported Variety. Originally available only via the now-defunct Stem Player in 2022, the album was dubbed "lost album" by fans due to its limited access and unfinished state. Now, it's been reintroduced with a fresh polish, new mixes, and official placement on Spotify, Tidal, and YouTube Music, under the artist name "Donda." First executively produced by rapper Future, Donda 2 is the sequel to Kanye's 2021 tribute album Donda, named after his late mother. The original Donda 2 rollout was chaotic: the album was never released to traditional platforms, the tracks felt unfinished, and fans had to shell out USD200 for a Stem Player to hear it, a decision many saw as bold, others as frustratingly inaccessible. Fast forward to 2025, and Kanye seems to have changed tack. In a surprise livestream earlier this week, he revealed that he was preparing the remixed album for official release. "I wanted to get the album out there," he said during a listening party, describing Donda 2 as his first fully independent project, and one he wanted fans to experience without corporate filters. The re-release includes 18 tracks, many featuring high-profile collaborators like XXXTENTACION, Travis Scott, Don Toliver, Future, Playboi Carti, Baby Keem, and Migos. Fan-favourite tracks like Happy and Mr. Miagi now sound more refined, with clearer production and updated vocals. Some song titles and mixes have changed, adding a layer of surprise for fans revisiting the record. Reactions on social media have ranged from pure elation to disoriented déjà vu. One user joked, "It's 2022 and Ye has released Donda 2. It's 2025 and he's done it again." Another called it "a rollercoaster," but praised the hits for outweighing the misses. Still, not everyone is satisfied, especially Apple Music users, who noted the album took longer to appear on their platform. "Where the hell is Donda 2 on Apple Music?" one user fumed. Whether you loved or loathed the original rollout, one thing's for sure: Donda 2 is finally here for everyone, and Ye fans are living for it, all over again.
Yahoo
14-02-2025
- Business
- Yahoo
Construction Market to grow by USD 1.18 Trillion from 2024-2028, Driven by Rising Residential and Commercial Projects, Report on AI Role in Transformation
NEW YORK, Feb. 14, 2025 /PRNewswire/ -- Report with the AI impact on market trends - The construction market and it is set to grow by USD 1.18 trillion from 2024 to 2028. However, the growth momentum will progressing at a CAGR of 5.3% during the forecast period, according to Technavio. The construction market is fragmented, and the vendors are seeking strong partnerships with automotive, industrial, and commercial companies to compete in the market. ACS Actividades de Construccion Y Servicios SA, AECOM, BAUER AG, Bechtel Corp., Bouygues Construction SA, China State Construction Engrg. Corp. Ltd., Clark Construction Group LLC, Etex NV, Fluor Corp., Gilbane Inc., Hindustan Construction Co. Ltd, Jacobs Solutions Inc., Larsen and Toubro Ltd., Lendlease Corp. Ltd., M. A. Mortenson Co., McCarthy Building Companies Inc., PCL Constructors Inc., Shimizu Corp., Skanska AB, Turner Construction Co., and Vinci are some of the major market participants -. To know about the vendor offerings - Request a sample report Construction Market 2024-2028: Scope Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The construction market report covers the following areas: Construction Market Size Construction Market Trends Construction Market Industry Analysis Porter's Five Forces Analysis Customer Landscape The construction market is fragmented, and the degree of fragmentation will accelerate. The increase in residential and commercial infrastructure projects will offer immense growth opportunities. However, the High cost of construction machinery will hamper the market growth Construction Market 2024-2028: Drivers & Challenges The global construction market is experiencing notable growth due to the increasing number of residential and commercial infrastructure projects. This trend is attributed to urbanization, population growth, and the demand for contemporary living and working spaces. For instance, in January 2023, Godrej Properties announced the acquisition of a 60-acre land parcel in Chennai, India, for a large-scale residential project. This development, encompassing around 1.6 million square feet of saleable area, primarily focuses on residential plots. This strategic move signifies the company's response to the escalating housing demand, aiming to expand its presence in the residential sector. The global construction market encounters a substantial challenge due to the high expenses associated with acquiring construction machinery. This issue significantly affects project budgets, timelines, and overall profitability, making it a major concern for industry players. Machinery costs vary significantly based on equipment size and type. For instance, small excavators cost between USD100,000 and USD200,000, while medium-sized bulldozers range from USD200,000 to USD500,000. Large cranes, essential for heavy lifting and extensive projects, are priced between USD500,000 and USD1,000,000. Heavy-duty trucks, vital for transporting materials and equipment, cost between USD100,000 and USD500,000. Road graders, necessary for creating smooth surfaces, are approximately priced between USD150,000 and USD300,000. These machinery costs pose a considerable challenge to construction market profitability. To learn more about the global trends impacting the future of market research, download a PDF sample Segment Overview This construction market report extensively covers market segmentation by Type End-user Geography 1.1 Buildings construction- The global construction market is divided into various sectors, with building construction being a major and continually evolving segment. This segment includes residential, commercial, and multifamily buildings, each contributing significantly to the market's expansion. For instance, in July 2022, Ivanhoe Cambridge and Hines formed a strategic joint venture to create, manage, and operate top-notch multifamily buildings in Sao Paulo, Brazil. With an investment capacity of approximately USD750 million in equity, this venture aims to deliver superior amenities and international-standard products and services, addressing a crucial need for purpose-built rental projects in the market. In October 2024, DLF, a renowned Indian real estate developer, introduced several new construction projects, illustrating the versatility of building construction. These projects consist of: 1. DLF Privana South Sector 77 Gurgaon: A residential project featuring modern designs and interiors, catering to the increasing demand for contemporary living spaces. 2. Lux5: Designed for the affluent market, this project boasts premium price points, underscoring the escalating preference for upscale residential properties. 3. DLF The Ultima: A commercial development in Gurgaon, recognized for its award-winning design and budget-friendly living options, highlighting the balance of aesthetic appeal and affordability in commercial construction. 4. DLF Gardencity Enclave Road: Currently under construction in Sector 93, Gurgaon, in 2023, this project further demonstrates the ongoing growth in residential construction. The building construction sector is fueled by factors such as urbanization, population growth, and the increasing requirement for modern infrastructure. Residential construction is particularly influenced by the burgeoning demand for housing, driven by demographic shifts and economic expansion. Multifamily buildings, like those developed by Ivanhoe Cambridge and Hines, cater to the growing trend of rental properties in urban areas, offering convenience and superior living standards. To learn more, request a FREE sample Construction Market 2024-2028: Key Highlights CAGR of the market during the forecast period 2024-2028 Detailed information on factors that will assist construction market growth during the next five years Estimation of the construction market size and its contribution to the parent market Predictions on upcoming trends and changes in consumer behavior The growth of the construction market across APAC, Europe, North America, Middle East and Africa, and South America Analysis of the market's competitive landscape and detailed information on vendors Comprehensive details of factors that will challenge the growth of construction market vendors Construction Market Scope Report Coverage Details Base year 2023 Historic period 2017-2021 Forecast period 2024-2028 Growth momentum & CAGR Accelerate at a CAGR of 5.3% Market growth 2024-2028 USD 1179.2 billion Market structure Fragmented YoY growth 2022-2023 (%) 4.9 Regional analysis APAC, Europe, North America, Middle East and Africa, and South America Performing market contribution APAC at 48% Key countries China, US, Germany, India, Japan, France, Brazil, Canada, South Korea, and UK Competitive landscape Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks Key companies profiled ACS Actividades de Construccion Y Servicios SA, AECOM, BAUER AG, Bechtel Corp., Bouygues Construction SA, China State Construction Engrg. Corp. Ltd., Clark Construction Group LLC, Etex NV, Fluor Corp., Gilbane Inc., Hindustan Construction Co. Ltd, Jacobs Solutions Inc., Larsen and Toubro Ltd., Lendlease Corp. Ltd., M. A. Mortenson Co., McCarthy Building Companies Inc., PCL Constructors Inc., Shimizu Corp., Skanska AB, Turner Construction Co., and Vinci Market dynamics Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period Customization purview If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. Customization purview If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. About USTechnavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: media@ View original content to download multimedia: SOURCE Technavio Sign in to access your portfolio
