Markets

Startup Chip Designer Rain Neuromorphics Secures $25 Million Funding

Startup chip designer building brain-inspired hardware for artificial intelligence algorithms Rain Neuromorphics Inc. announced having raised $25 million from its recently held funding round. This financing round was led by Prosperity 7 Ventures, a venture capital fund of Aramco ventures. The company’s CEO, Gordon Wilson, says their AI chips are analogue while most of the […]

FTC Will be Reviewing Microsoft’s and Activision Blizzard Acquisition Deal

United States Federal Trade Commission (FTC) will be reviewing the acquisition deal of video game maker Activision Blizzard Inc. (ACTV) by Microsoft Corp. (MSFT). Microsoft is set to acquire Activision for a whopping $68.7 billion. This was revealed through a report first posted on Bloomberg according to which, FTC will be conducting the review instead […]

Elliot and Vista on the Brink of Purchasing Citrix Systems for $13 Billion

Investment management companies Elliot Management Corp. and Vista Partners are on the verge of purchasing cloud computing and virtualization company Citrix Systems Inc. (CTXS) for $13 billion. This was revealed by an insider source with access to information on the matter. This deal could be announced in the course of the week, Elliot and Vista […]

Meta Pauses New Users Joining CrowdTangle Citing Staffing Constraints

Leading social network platform running various social media platforms Meta Platforms Inc. (FB) has paused new users from joining its social media cracking tool CroudTangle citing staffing constraints in the company which rebranded recently from Facebook to Meta. Back in last year, Meta Platforms disbanded the CrowdTangle labour force, since then, the company has been […]

Micron to Stop DRAM Chip Design Operations in Shanghai this Year

U.S based manufacturer of computer memory and data computer storage Micron Technology Inc. (MU) will be discontinuing DRAM chip design operations in Shanghai before the year is over. The company made this announcement on January 26. According to the announcement, Micron will be closing its DRAM Engineering Group from its Shanghai Design Center next year […]

Bentley to Produce its First Electric Vehicle in 2025

Britain based manufacturer of luxury vehicles sand SUVs Bentley Motors Ltd will be producing its first electric vehicle in 2025. The automobile maker made this announcement on January 26 further adding that it has committed to invest $3.4 billion (2.5 billion) in sustainability over the next ten years. The automaker said it would reconfigure its […]

EV Maker Jidu Raises $400 Million in Fresh Funding Round

Jidu Automotive, the electric vehicle unit of Chinese technology company specializing in internet services and artificial intelligence Baidu Inc. (BIDU) announced having raised $00 million from its recently concluded financing round. Lead investors in the financing round included; Baidu and Zhejiang Geely Holding Group. There were no external investors who took part in this financing […]

Telenor Partners With AWS to Modernize its Telecoms Systems

Norway based telecommunications company Telenor ASA (OTCMKTS: TELNY) has entered into a partnership with Amazon Web Services (AWS) to speed up modernization of its telecoms systems which will boost the use of cloud technology to offer 5G and low-latency data services to professional clients. Telenor’s chief executive officer, Sigve Brekke, says according to this partnership, […]

Twitter Introduces Feature Allowing Users to Flag Misleading Posts

Micro blogging and social media platform Twitter Inc. (TWTR) has introduced a new feature which allows users to flag tweets which contain misleading information on its social media platform to Spain, Brazil and Philippines. The company unveiled the pilot test for this feature back in August last year as part of its efforts of minimizing […]

Apple’s Staff Will Now be Required to Present Proof of Booster Shot

Giant tech company and manufacturer of iPhone Apple Inc. (AAPL) will now require its employees to present a proof of having received a COVID-19 booster shot. This information was first published on The Verge who claimed to have sourced it from an internal memo from the company. According to the memo, starting from January 24, […]