In a surprising turn of events, Wall Street’s tech IPO bankers have finally seen a glimmer of hope after a prolonged period of silence in the market. This week marked the market debuts of Reddit and Astera Labs, the first notable venture-backed tech companies to go public in the U.S. since September of the previous
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Anthropic, the AI startup competing with OpenAI, has sparked interest from several deep-pocketed sovereign wealth funds seeking a stake in the company. However, one notable exclusion from the list of potential investors is Saudi Arabia. Despite the growing demand for Anthropic’s shares, the company has made it clear that it will not be accepting any
Following the Justice Department’s lawsuit against Apple for alleged anticompetitive practices, the top antitrust official emphasized the importance of competition on the merits. Jonathan Kanter highlighted that competition benefits everyone – businesses, consumers, and the economy. The lawsuit aims to address concerns regarding Apple’s control over the smartphone market and its tactics to keep consumers
The U.K.’s Competition and Markets Authority (CMA) has raised concerns regarding Vodafone’s proposed merger with rival CK Hutchison. The CMA stated that unless “meaningful solutions” are provided by the two mobile operators, the merger will undergo an in-depth probe. The CMA’s main worry is that the deal could potentially result in a substantial lessening of
Elon Musk’s Neuralink has been making waves in the medical and technological fields with its groundbreaking brain implant technology. Recently, the company streamed a live video showcasing the first human patient, Noland Arbaugh, using the device to control a computer and play chess. This development has sparked interest and excitement, but also raised critical questions
The recent announcement by the White House regarding Intel being awarded up to $8.5 billion in CHIPS Act funding signifies a significant step towards enhancing semiconductor manufacturing within the United States. This funding, coupled with a possibility of an additional $11 billion in loans from the CHIPS and Science Act, highlights the Biden administration’s commitment
Ledger, a prominent crypto wallet maker, has recently announced the upcoming launch of its highly anticipated hardware wallet, Ledger Stax. The product, designed by Tony Fadell, the inventor of iPod, promises to revolutionize the way users manage their cryptocurrency holdings. However, despite the excitement surrounding this new product, Ledger has faced significant challenges and delays
Nvidia’s CEO Jensen Huang recently revealed that the company’s next-generation graphics processor for artificial intelligence, known as Blackwell, will come with a hefty price tag of between $30,000 and $40,000 per unit. This new chip is expected to revolutionize the AI industry, but the high cost raises some eyebrows. According to Huang, Nvidia had to
Apple’s potential plans to license Google’s Gemini AI for future iPhones have caused Alphabet shares to rise significantly in early premarket trade. This move could potentially revolutionize the iPhone user experience by incorporating Google’s suite of generative AI tools, such as chatbots and coding assistants, into Apple’s ecosystem. According to reports from Bloomberg, Apple and
India has set its sights on becoming one of the top five semiconductor producers in the world within the next five years. Ashwini Vaishnaw, the minister of electronics and information technology, railways, and communications, expressed this ambition, highlighting the complexity of the global chip industry and the supply chains associated with it. As of December,
