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Corporate travel and expense management software maker Navan's shares fell 20% to $20, valuing it at $5B, after raising $923.1M in its IPO at a $6.2B market cap (Subrat Patnaik/Bloomberg)

Subrat Patnaik / Bloomberg : Corporate travel and expense management software maker Navan's shares fell 20% to $20, valuing it at $5B...

16 April 2024

Microsoft invests $1.5B in Abu Dhabi-based AI group G42 for a minority stake, as G42 severed its ties with Chinese suppliers; Brad Smith will sit on G42's board (Financial Times)

Financial Times:
Microsoft invests $1.5B in Abu Dhabi-based AI group G42 for a minority stake, as G42 severed its ties with Chinese suppliers; Brad Smith will sit on G42's board  —  Agreement is latest move by US tech group to extend its reach into fast-growing sector  —  Microsoft has agreed to invest $1.5bn …

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