Tag: Business
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ElevenLabs explores employee stock sale at $22 billion valuation, Bloomberg News reports
July 2 : AI voice generation firm ElevenLabs is exploring a secondary share sale that would allow employees to sell stock, Bloomberg News reported on Thursday, citing people familiar with the matter.The proposed transaction could value the company at about $22 billion and is expected to occur by September, th
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Exclusive-Zuckerberg says AI agent development going slower than expected
NEW YORK, July 2 : Meta Chief Executive Mark Zuckerberg told an internal town hall on Thursday that AI agent development over the last four months has not “accelerated in the way we expected,” according to a recording heard by Reuters.Zuckerberg added that a company reorganization that included major job cuts
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Amazon to start initial Leo internet service this year as network nears 400 satellites
WASHINGTON, July 2 : Amazon expects to roll out initial internet service with its Leo broadband satellite network later this year after the company’s latest launch put the orbiting constellation’s satellite count over 390, a company executive said on Thursday.Amazon’s latest batch of 29 satellites lifted off
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Levi’s, The North Face and Columbia are turning to women to fuel their next phase of growth
Legacy apparel brands including VF Corp., Levi’s, and Columbia are investing more heavily in women’s products and marketing.
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Here’s why the South Pole froze over before the North Pole
July 2 : While it once was temperate and lush, Earth’s southernmost continent Antarctica froze over about 34 million years ago, covered by an ice sheet that today is up to around 3 miles (5 km) thick. By contrast, the planet’s northernmost realm, the Arctic region, did not freeze over for another 25 million years.
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Google disrupts NetNut proxy network used in malware operations
July 2 : Alphabet’s Google said on Thursday it weakened a large network of internet-connected devices that was being used to hide and route malicious online activity. The tech giant said it took action against the NetNut residential proxy network, also known as Popa, in partnership with the FBI and Lumen, am
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Dow rides into new week at record high. What investors are watching ahead
Investors are wondering what the second half of the year will bring after big gains for stocks.
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Trump administration and Anthropic have not discussed the government taking a stake in it, source says
WASHINGTON, July 2 : The Trump administration and AI giant Anthropic have not discussed the government taking stakes in the firm, a source familiar with the matter said on Thursday. The White House, the Commerce Department and Anthropic did not immediately respond to requests for comment. The comments
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Pick n Pay launches AI grocery shopping assistant in South Africa
JOHANNESBURG, July 2 : South African retailer Pick n Pay on Thursday launched an artificial intelligence-powered shopping assistant that helps customers build grocery orders using voice, text or photos instead of searching for products manually. The move is part of a drive by South Africa’s second-biggest ret
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Sandwich chain Jersey Mike’s files for IPO, reports 50% same-store sales growth in recent years
Jersey Mike’s has nearly 3,300 locations, making it the second-largest hoagie sandwich chain in the U.S. behind Subway.
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