Tag: Business
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Google DeepMind signs AI research deal with film studio A24
June 22 : Google DeepMind and independent movie studio A24 entered into a partnership to explore how AI can support filmmakers and creative professionals, the companies said on Monday.Here are some details:• The companies said the initiative will focus on helping artists develop new creative workflow
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SpaceX turns to bond market to raise capital, reports $100.8 billion cash
June 22 : Elon Musk’s SpaceX turned to the bond market for the first time, capitalizing on a post-IPO momentum that has vaulted its cash reserves past $100 billion as the rockets-to-AI group ramps up spending.Monday’s notes offering comes mere days after SpaceX’s IPO, signaling the company’s push to reshape i
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Meta to invest $900 million in India’s CRED, taps founder to lead WhatsApp
June 22 : Meta Platforms will invest $900 million in Indian fintech startup CRED, valuing it at $4.5 billion, while tapping CRED’s founder Kunal Shah to head WhatsApp globally, the companies said on Monday.India is WhatsApp’s largest market, with more than 500 million users, and the platform is expanding beyo
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Czech government plans to ban mobile phones in schools from 2027
PRAGUE, June 22 : The Czech government has submitted a bill to ban the use of mobile telephones in schools starting from September 2027, Prime Minister Andrej Babis said on Monday, joining a growing global push to limit screen time for children in the classroom.The ban would apply to phones’ use in classrooms
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Uber board sued over alleged ‘serial’ compliance failures, sexual abuse lawsuits
June 22 : Uber Technologies’ board was sued on Monday by shareholders who accused management and directors of letting the ride-sharing company cut corners on compliance, leading to thousands of lawsuits from victims of sexual assault and harassment.In a complaint filed in San Francisco federal court, sharehol
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Dan Niles says he’s backing away from hyperscalers, trimming chip stocks
‘I kind of see a speed bump coming,’ the investor said.
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SpaceX launches debt sale to raise capital, reports $100.8 billion in cash
June 22 : Elon Musk’s SpaceX launched its first-ever notes offering on Monday and said it had about $100.8 billion in cash and cash equivalents as of June 19, days after its blockbuster U.S. stock market IPO.The rockets-to-AI company debuted on the Nasdaq on June 12 after raising $85.7 billion from its initia
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X recovers after outage affects thousands globally, Downdetector shows
Elon Musk’s X was largely back up after thousands of users reported issues with the social media platform globally on Monday (Jun 22), according to Downdetector.com.The outage began around 9am ET (9pm Singapore time), peaking at over 25,000 issues being reported in the US before cooling to about 620 reports,
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US House committee reaches bipartisan agreement on youth social media rules
WASHINGTON, June 22 : The U.S. House Energy and Commerce Committee reached a bipartisan agreement on regulating youth social media use, the committee’s leaders said in a statement on Monday. Republican Committee Chairman Brett Guthrie and top committee Democrat Frank Pallone did not release details about the
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‘Reward for failure’: Investor support for Target chair Brian Cornell falls to lowest level ever
Target chair Brian Cornell built the retailer into a $100 billion-plus giant, but recent struggles and underperformance have fueled investor calls for change.
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