SoftBank is reportedly looking to raise a $10 billion margin loan, using its stake in OpenAI as collateral. The plan underscores renewed urgency in the Japanese tech firm’s AI bets after recent financial turbulence. If approved, the financing could extend, building on a prior $40 billion bridge loan earlier this year aimed at funding more AI investment.
SoftBank-backed AceVector Ltd has filed updated IPO draft papers with SEBI, signaling renewed momentum toward listing. The proposed offering includes a fresh issue of shares worth Rs 300 crore, with the company positioning the capital raise as part of its growth plans in India’s digital commerce ecosystem. Final details will depend on SEBI’s review.
Your news, in seconds
Get the Beige app — every story in 60 words, updated hourly. Free on iOS & Android.
India’s biggest startup investors, including SoftBank and Prosus, are recalibrating their India strategy. Instead of relying mainly on large late-stage funding, they’re moving toward tech infrastructure and commerce joint ventures. In today’s AI-led market, deals are getting smaller and less frequent, while investors are more willing to step in as active collaborators and operators.
Backed by SoftBank, Emergent has released Wingman, an AI agent built to automate routine work across popular tools. The twist: unlike many rivals that act on their own, Wingman seeks user confirmation for significant actions and gradually learns personal preferences over time. The launch targets demand for agents that manage workflows independently, not just respond to prompts.
Swipe through stories, personalise your feed, and save articles for later — all on the app.
