Posts by Liam Redmond
Indosat seeks US$2 billion loan for chip financing in Indonesia
Citigroup is the arranger of the deal and has approached other banks to gauge their interest, sources say Published Wed, Aug 5, 2026 · 03:57 PM [JAKARTA] Indonesia’s second-largest mobile carrier Indosat is seeking around US$2 billion in loans to purchase advanced chips for its local operations, according to people familiar with the matter, reflecting…
Read MoreGIC seeks to sell US$1 billion private equity fund stakes: Bloomberg
Potential divestments are said to include funds from global private equity managers EQT, TPG Asia and KKR Published Wed, Aug 5, 2026 · 11:34 AM [HONG KONG] Singapore’s GIC is looking to offload some of its private equity stakes as the sovereign wealth fund taps the booming secondaries market to manage its investments, according to…
Read MoreDodgers catcher Dalton Rushing has ‘slightly torn UCL’ in elbow
CHICAGO –– Dodgers catcher Dalton Rushing has a diagnosis for his recent elbow injury. As manager Dave Roberts said in a radio interview with AM570 on Tuesday, the second-year slugger has a “slightly torn UCL” in his right throwing arm, though a timeline on his recovery was not immediately clear. “We’re gonna keep the hitting…
Read MoreSpaceX quarterly revenue jumps in debut results as satellite, AI businesses surge
SPACEX said on Tuesday (Aug 4) that quarterly revenue nearly doubled and operating losses narrowed sharply in its first earnings report since going public, buoyed by strong growth in its Starlink satellite-internet and AI businesses. But the company’s capital expenditures ballooned to more than US$18 billion from US$2.83 billion a year earlier, and finance boss…
Read MoreJuly Jobs Report: Hiring Slows to a 10-Month Low
The July jobs report landed on August 1, and it was soft. U.S. employers added just 73,000 jobs last month, the smallest gain in ten months. The unemployment picture held roughly steady, but the pace of hiring clearly cooled. For founders, a print like this is a planning signal, not a reason to panic. A…
Read MoreDeepSeek V4 Puts Frontier AI Within Reach for Lean Teams
Cost is often the quiet blocker for founders who want to build with AI, and DeepSeek V4 keeps chipping away at it. Released in general form in mid-July, the Chinese lab’s latest models pair near-frontier ability with prices that read like a rounding error next to the big US providers. For a lean team, that…
Read MoreAI Sales Coaching Goes Real-Time as Othello Raises $6.85M
Closing deals is a skill, and now the coaching can happen live. Othello just raised $6.85 million to bring AI sales coaching into the call itself, nudging reps in real time as the conversation unfolds. The company, founded in 2025 by Jared Zelman, pulled the round from thirty-five investors. For a growing team, that timing…
Read MoreBusiness Fraud Prevention: Baselayer Raises $20M for AI Checks
Fraud is one of those risks that feels distant until it lands on your desk, which is why Baselayer’s fresh $20 million Series A puts business fraud prevention back on every founder’s radar. The New York company builds artificial intelligence that confirms whether a business is real and safe to work with, and its August…
Read MoreMapletree Logistics Trust prices S$400 million perpetual securities at 3.5%
Net proceeds will go towards the group’s general corporate and working capital purposes [SINGAPORE] Mapletree Logistics Trust (MLT) has priced S$400 million in subordinated perpetual securities at 3.5 per cent under its S$3 billion euro medium-term securities programme. Net proceeds will go towards the group’s general corporate and working capital purposes, including the refinancing of…
Read MoreAngel Chivilli implodes to spoil Luis Garcia Jr.’s debut heroics in crushing Yankees loss to Cardinals
A few hours after Brian Cashman said he tried to improve the Yankees bullpen at the trade deadline, one of his offseason additions helped cost them in a crushing loss at the Stadium. After the Yankees came back from a six-run deficit to take the lead in the seventh on a homer from new first…
Read MoreThermal Battery Maker Antora Raises $550M as AI Strains Power
Antora Energy has raised $550 million in Series C funding to scale its thermal battery systems, which store electricity as heat and release it as clean power on demand. G2 Venture Partners and Eclipse Ventures led the round on July 30, with Breakthrough Energy and other climate investors joining. If your energy bill has crept…
Read MorePreventive Health Startup Function Draws a Major Growth Round
Preventive health company Function just closed $450 million in growth financing from General Catalyst’s Customer Value Fund, the Austin startup announced in late July. The company, valued at $2.5 billion in an oversubscribed round last fall, wants to prove that catching problems early costs less than treating them late. For founders, the check is interesting,…
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