Monday, June 7, 2021

Sources: Flipkart is in talks to raise $3B from SoftBank and several sovereign wealth funds, targeting a valuation of ~$40B (Saritha Rai/Bloomberg)

Saritha Rai / Bloomberg:
Sources: Flipkart is in talks to raise $3B from SoftBank and several sovereign wealth funds, targeting a valuation of ~$40B  —  - E-commerce giant to raise funds as IPO pushed back to 2022  — SoftBank to back Flipkart again after selling stake to Walmart



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Sources: Ross Nordeen, the last remaining cofounder at xAI, left the company on Friday; Nordeen reported directly to Elon Musk as his right-hand operator (Grace Kay/Business Insider)

Grace Kay / Business Insider : Sources: Ross Nordeen, the last remaining cofounder at xAI, left the company on Friday; Nordeen reported d...