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Business
NVIDIA is acquiring Arm in $40 billion deal from SoftBank
NVIDIA on Monday has announced it is buying the world's leading chip designer and technology provider, Arm Holdings, from SoftBank with a deal of worth around $40 billion. This will be the largest ever deal in the semiconductor industry. Out...
Business
Toyota invests $400 million in Pony.ai for Level 4 autonomous cars
Pony.ai, an autonomous driving startup based in China, has received a total of $462 million in the latest funding round, led by Toyota Motor Corporation. The largest Japanese automaker has funded $400 million into Pony.ai, followed by Sequoia, KUNLUN, IDG Captial,...
Business
WeWork’s Chairman Marcelo Claure terminates 13 people for abusing vendor policies
WeWork's Marcelo Claure - the chairman, has sent a memo to employees that states the company has investigated policy abuse and fired 13 employees. Mr. Laure has further mentioned that layoff did not only happen at one office location but...
Startups
SoftBank to take charge of WeWork
WeWork, an American commercial real estate company that provides shared workspaces for technology startups, founded in 2010. Eventually, after the ouster of its Co-founder Adam Neumann, the company lost its valuation from heft $47 billion to $7.5 billion, as...
Latest News
A Rundown of AI Gaffes in 2024
In 2024, several AI systems encountered significant gaffes. Chatbots provided misleading information on sensitive topics, and AI generated racially...