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
Emad Mostaque, the CEO of Stability AI, has announced his decision to step down from his position in order to pursue decentralized AI. This move comes as a surprise to many, as Mostaque has been a key figure in the development of Stable Diffusion. The board of directors has appointed Shan Shan Wong and Christian
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
The announcement of a The Sims movie has certainly caught the attention of fans of the popular life-simulation series. With major star-power already signed up, including Margot Robbie’s production company and the director behind Marvel show Loki, Kate Herron, excitement is building. Herron’s impressive resume, which includes work on Loki and the upcoming second season
Apple has decided to scrap its plans to develop a MicroLED display for the Apple Watch, as reported by Bloomberg’s Mark Gurman. This decision came around the same time the company halted work on a self-driving car project, citing the high costs and complexities associated with the development of the display technology. The cancellation of
Excitement is building as Max recently released the first teaser trailer for The Penguin, a new show set in the Gotham universe. The trailer features Colin Farrell reprising his role as the titular character from the 2022 film The Batman. While the teaser is short and doesn’t reveal much about the plot, the tone suggests
Fortnite, a game that has taken the world by storm, is set to undergo a major transformation with the introduction of a first-person camera mode. This announcement from Epic Games has sent shockwaves through the gaming community, with players eagerly anticipating the chance to get up close and personal with their favorite characters. A Game-Changing
Larian Studios, known for their critically acclaimed game Baldur’s Gate 3, has shocked fans with the announcement that they will not be making a Baldur’s Gate 4. This decision was revealed by the founder and CEO, Swen Vincke, during a recent GDC panel. Additionally, Larian Studios will not be developing any DLC or expansions for
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
