News

In a move reflecting the surging demand for artificial intelligence (AI) infrastructure, Cerebras Systems, a prominent player in the AI hardware sector, has filed for an initial public offering (IPO) in the United States. Known for its highly specialized AI …

Boeing is reportedly planning to raise $15 billion in new capital to stabilize its finances amid production setbacks in its 737 and 787 programs. This would be Boeing’s largest capital effort in recent years, potentially involving both debt and equity, …

A federal judge has blocked the $8.5 billion deal between Capri Holdings, parent company of Coach and Versace, and Tapestry. This ruling halts the merger aimed at creating a powerful American fashion conglomerate to compete with European luxury giants. The …

A Game-Changer for the Fintech and Crypto Industry In a landmark deal, Stripe, the payment processing behemoth, has acquired the stablecoin platform Bridge for a staggering $1.1 billion. This acquisition marks Stripe’s largest deal to date and stands as one …

Global payments giant Stripe is reportedly in advanced negotiations to acquire stablecoin platform Bridge for a staggering $1 billion. The potential acquisition would mark Stripe’s largest deal to date, signaling the company’s strong focus on the growing crypto market. According …

Canva reached a milestone of 1 billlion app users, and has announced a significant expansion of its developer platform. This expansion introduces new APIs and tools. and also positions Canva as a formidable player in the market.

Ripple launches Ripple Custody, a secure crypto storage service for banks and fintechs. Offering features like AML monitoring and asset tokenization, it competes with Coinbase and attracts major clients like HSBC.

OpenAI has successfully completed a funding round, achieving a remarkable valuation of $157 billion after raising $6.6 billion from prominent investment firms and tech companies. Thrive Capital led the round, with significant participation from Microsoft, Nvidia, and Softbank, highlighting OpenAI’s …

OpenAI on Tuesday announced a partnership with Condé Nast, in which the Microsoft-backed artificial intelligence company’s products, such as ChatGPT and SearchGPT, will be able to display content from Vogue, The New Yorker, Condé Nast Traveler, GQ, Architectural Digest, Vanity Fair, Wired, Bon …

Global technology giants are pushing back against attempts by India’s telecom networks to bring internet services under stricter regulation, rejecting arguments that such measures are necessary to create a “level playing field” and address national security concerns. The Asia Internet …

Meta and Universal Music Group (UMG) announced on Monday the expansion of their multi-year music licensing agreement, which enables users to share songs from UMG’s music library across Meta’s platforms (Facebook, Instagram, Horizon, Threads and WhatsApp) without violating copyright.  What’s most notable …

A federal U.S. judge ruled Monday that Google has illegally held a monopoly in two market areas: search and text advertising. The landmark case from the government, filed in 2020, alleged that Google has kept its share of the general search market by creating …