TechTaffy

tech:

taffy

Prince Alwaleed Invest $300 Million In Twitter

By TechTaffy Desk

By Sudarshana Banerjee

Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, and Kingdom Holding Company (KHC), have made a combined investment of $300 Million in Twitter. This investment was the “result of several months of negotiations and comprehensive due diligence and represent a strategic stake in Twitter,” said a statement from KHC.

Arabic had the highest growth on Twitter, according to findings by data intelligence company Semiocast released last month. The volume of Arabic messages has multiplied by 22 in the last 12 months. Arabic is now the 8th most used language on Twitter, and Arabic messages represent 1.2 per cent  of all public tweets (2.2M per day). With recent events, Twitter has grown exceptionally fast in the Middle East.

Prince Alwaleed: Our investment in Twitter reaffirms our ability in identifying suitable opportunities to invest in promising, high-growth businesses with a global impact.

Prince Alwaleed, a nephew of the country’s king, owns a 95 per cent stake in KHC. The 56-year old prince has a personal net worth of about $19.6 billion, and significant investments in media and entertainment, with stakes in the Saudi Research and Marketing Group (SRMG) and News Corp. Prince Alwaleed recently announced his plans to launch his privately owned Alarab news channel.

 

 

 

 

 

Just in

Around the web

ChatGPT search tool vulnerable to manipulation and deception, tests show — The Guardian

OpenAI’s ChatGPT search tool may be open to manipulation using hidden content, and can return malicious code from websites it searches, a Guardian investigation has found; writes Nick Evershed. 
Public Sector

SAIC secures $170.9M cybersecurity contract with Texas Department of Information Resources

Science Applications International Corp. (SAIC) has been awarded a $170.9 million contract by the Texas Department of Information Resources (DIR) to provide cybersecurity services.
Series A

Infinant raises $15M

Charlotte, NC-based Infinant, a bank platform provider, has raised $15 million in a Series A funding round.
AI

Lockheed Martin partners with IBM to enhance AI tools for defense applications

Lockheed Martin is integrating IBM’s Granite large language models (LLMs) into its AI Factory.
IT

Zettabyte, Foxconn ink data center partnership

Zettabyte, a company specializing in AI data center software and infrastructure, has entered into a partnership with Hon Hai Technology Group (Foxconn).