Navan sets price range for IPO, expects market cap of up to $6.5 billion
Navan Targets $6.5 Billion Market Cap in Upcoming IPO Corporate travel and expense software developer Navan has set its sights…
Flash News
Chinese AI Chip Firm Axera Aims for $379M Hong Kong IPO
According to Reuters, Chinese AI chipmaker Axera Semiconductor filed on January 30 to raise HK$2.96 billion, or about $379.2 million, through an initial public offering…
L3Harris Wins Navy Deal for Marine Corps’ Red Wolf Missile
According to Reuters, defense contractor L3Harris Technologies announced on Friday, January 30, that it secured a U.S. Navy deal to develop its Red Wolf vehicles…
Apex Legends Drops the OG Switch, But Switch 2 Lives On
According to GameSpot, developer Respawn Entertainment announced it is shutting down the servers for Apex Legends on the Nintendo Switch. The upcoming Season 29 will…
CZ Pushes Back on Blame for Historic Crypto Market Crash
According to Bloomberg Business, Binance co-founder Changpeng "CZ" Zhao has publicly rejected claims that his exchange caused the historic crypto market crash on October 10,…
Michigan Wants Its Money Back From Chinese Battery Maker
According to Reuters, Michigan Attorney General Dana Nessel sent a letter on Friday demanding Chinese battery company Gotion Inc. return $23.7 million in state funds.…
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Deezer’s AI Music Detector Gets Its First Big Client
According to Reuters, music streaming service Deezer has licensed its AI-detection technology to France's royalty agency, Sacem, in what it calls a landmark commercial deal.…
Innovation
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EU Probes Elon Musk’s Grok Over Deepfake Image Scandal
According to Fast Company, the European Union opened a formal investigation into Elon Musk's X platform on Monday, December 18th.…
Signet’s New Tech Boss Aims To Modernize Kay, Zales, And Jared
According to Forbes, Signet Jewelers—the world's largest diamond jewelry retailer with brands like Kay, Zales, and Jared—has combined its digital…
AI Agents Have a “Hard Ceiling,” New Paper Argues
According to Futurism, a recent paper by former SAP CTO Vishal Sikka and his son Varin Sikka makes a bold…
Hardware
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Intel GPU Firmware Now Updatable From ARM Systems, Too
According to Phoronix, a new set of patches submitted to the Linux kernel's Direct Rendering Manager (DRM) subsystem now allows the firmware for Intel's discrete…
Computing
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Microsoft’s AI Bet is Huge, But Is It Paying Off Yet?
According to TechSpot, Microsoft's Q3 revenue hit $81.3 billion, a 17% jump, with net income up 21% to $38.3 billion. Its cloud business crossed a…
Tech megacaps lose $770 billion in value as Nasdaq suffers steepest drop since April
Tech Giants Shed $770 Billion as Nasdaq Posts Worst Decline Since April Major technology companies experienced a massive $770 billion…
Warren Buffett Watch: Berkshire’s Japanese stock positions top $30 billion
Warren Buffett’s Japanese Investment Strategy Reaches $30 Billion Milestone The total value of Berkshire Hathaway’s five major Japanese trading house…
OpenAI’s dominance is unlike anything Silicon Valley has ever seen
OpenAI’s Unprecedented Market Dominance Reshapes Silicon Valley Landscape Silicon Valley is witnessing a technological transformation unlike any in its history,…
Apple Nears Prompt AI Acquisition to Boost Computer Vision Capabilities
Apple is finalizing a deal to acquire talent and technology from computer vision startup Prompt AI. The 11-person company specializes in advanced visual recognition systems for security cameras and home monitoring applications.
Apple is advancing toward a strategic acquisition of computer vision startup Prompt AI, targeting both the company’s technical expertise and its sophisticated visual recognition technology. According to exclusive reporting from CNBC, the tech giant is in late-stage negotiations to absorb key personnel from the 11-person artificial intelligence firm, marking another move in Apple’s ongoing effort to strengthen its AI capabilities through targeted talent acquisition.
Acquisition Details and Employee Transition
Is AI fueling a stock market bubble? We debate it.
Is Artificial Intelligence Creating a Stock Market Bubble? Experts Clash Recent market highs have many investors celebrating, but some analysts…
Tech CEOs marvel — and worry — about Sam Altman’s dizzying race to dominate AI
Tech Leaders Express Mixed Reactions to Sam Altman’s Aggressive AI Expansion Sam Altman’s accelerated push to dominate artificial intelligence is…
An ex-OpenAI employee who helped build ChatGPT quietly launched a startup — and Mira Murati is an investor
Former OpenAI Product Manager Angela Jiang Launches Worktrace AI with Mira Murati Backing Angela Jiang, an early product manager who…