Month: June 2023
Bird founder Travis VanderZanden officially leaves the nest
[ad_1] Bird’s Travis VanderZanden’s slow motion outing is now complete. The scooter rental company Announced In a Friday night news dump that the executive resigned from his position as Bird’s chairman of the board, “effective immediately.” Replacing VanderZanden is John Bitove, who played a role in saving Bird’s bacon last december through its merger with…
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Apple is now the first publicly traded company to close above a market value of $3 trillion.
[ad_1] Apple is the first publicly traded company to close a trading day with a market value of $3 trillion. Shares of the company rose 2.31% on Friday to a new high. The tech giant hit a $3 trillion market capitalization for the first time in January 2022but failed to close at that level. Apple…
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Hardware startup Humane’s first secret product is the Ai Pin
[ad_1] HumanThe startup launched by former Apple design and engineering duo Imran Chaudhri and Bethany Bongiorno, today revealed details about its first product: The Humane Ai Pin. A lot of time has passed. Humane has kept its work more or less secret since 2018, its founding year, without unveiling any products, but it did draw…
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Why automakers are rushing to adopt Tesla’s NACS plug and what it means for drivers
[ad_1] As Is the North American electric vehicle market finally deciding on a charging port? Little by little, then suddenly, to paraphrase Ernest Hemingway. The war isn’t over yet, but with Electrify America announcing this week that it would add Tesla’s North American Charging Standard (NACS) plugs, it’s close. Electrify America’s decision is particularly important…
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UK prepares in-depth investigation into Adobe’s $20bn acquisition of Figma
[ad_1] The UK Competition and Markets Authority (CMA) has concluded what is adobe proposed offer of $20 billion for digital design rival Figma could result in a “substantial lessening of competition” in the UK for designers. As a result of its initial findings, the CMA is advancing the case to a “phase 2” in-depth investigation,…
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Fidelity Deepens Valuation Cut for Reddit and Discord
[ad_1] Fidelity has further cut the estimated value of its stake in social platform Reddit and chat app Discord, as well as SaaS startup Gupshup, giving a preview of how the asset manager sees the impact of the ongoing slowdown. in the public market in private shares. Fidelity Blue Chip Growth Fund valued its Reddit…
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Indian court rejects Twitter’s lawsuit against government challenging blocking orders
[ad_1] An Indian court has thrown out Twitter lawsuit against the federal government who sought to challenge New Delhi’s lockdown orders in tweets and accounts. The Karnataka High Court dismissed the high-profile indictment, filed last year, and also fined the Elon Musk-owned company 5 million Indian rupees ($61,000). The court noted that despite notices being…
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How confidential computing could ensure generative adoption of AI
[ad_1] Ayal Yoguev is the co-founder and CEO of anjunaa multi-cloud confidential computing platform. Generative AI has The potential to change everything. It can inform new products, companies, industries, and even economies. But what makes it different and better than “traditional” AI could also make it dangerous. Your unique ability to create has opened up…
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Korea’s Alwayz aims to make online shopping fun again with $46 million in funding
[ad_1] Seoul-based e-commerce company Levita shopping app operator Always, wants to make the shopping experience more entertaining and affordable. The two-year-old startup has recently raised $46 million in a Series B funding round led by DST Global Partners with participation from new investor BOND and existing backers KB Investment, Mirae Asset Capital, Korea Investment Partners,…
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The FTC is reportedly wrapping up its biggest Amazon antitrust case yet
[ad_1] The moment Amazon feared when FTC chair Lina Khan was appointed soon could come: Bloomberg reports that the agency is putting the finishing touches on its most substantial antitrust case against the tech giant, and could file a lawsuit in the coming weeks. According to documents seen by Bloomberg and known sources, the upcoming…
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