Reliance Venture to Build $11 Billion AI Data Center in India

Indian e-commerce platform Meesho Ltd. is preparing to raise up to 54 billion rupees ($605 million) through an initial public offering (IPO) scheduled to open on December 3, as reported by sources familiar with the matter.

Digital Realty Trust Inc. and a consortium led by Equinix Inc. are reportedly competing in the next round of bidding for atNorth Holding AB, a pan-Nordic data center operator currently owned by Partners Group. This development indicates a growing interest in the Nordic data center market, which is becoming increasingly significant in the technology sector.

Snapchat is experiencing significant user growth, nearing 1 billion monthly users, largely driven by its popularity in India and Pakistan. However, despite this increase in users, the company continues to face financial challenges, leading to a decline in investor confidence.

Zetwerk Pvt, an Indian contract manufacturer, is preparing to file for an initial public offering (IPO) that could raise up to $750 million, as reported by sources familiar with the matter. The company has engaged six banks to assist with the IPO process, indicating a significant step towards expanding its capital base.

OpenAI has expanded its data residency options for enterprise users of ChatGPT and its API, allowing them to store and process data in various regions, including Europe, the UK, and the US. This move aims to enhance compliance with local regulations and facilitate broader adoption of AI technologies in business operations.