Tag: company
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Meta says US states are seeking $1.4 trillion in penalties in August youth safety trial
July 6 : Meta Platforms said in a court filing on Monday that four states were seeking $1.4 trillion in penalties over accusations the company designed its Facebook and Instagram platforms to addict young users and misled the public about their safety.Meta put forward the figure in its response to the attorne
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Intel-backed software company Syntiant files for US IPO
July 6 : Syntiant Corp, a semiconductor and AI software company focused on “physical AI”, filed for a U.S. initial public offering on Monday, seeking to capitalize on investor enthusiasm for AI and computing.The listing is the latest in a string of AI-related IPOs this year, amid a broader revival in the U.S.
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Microsoft to cut thousands of jobs, Xbox to be hit hard
The move will affect the company’s gaming division, which has been facing the outcome of a “not healthy” business model. The jobs cut will not be replaced by AI, Microsoft’s VP said.
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Semiconductor and software company Syntiant Corp files for US IPO
July 6 : Semiconductor and software company Syntiant Corp filed for an initial public offering in the United States on Monday.The listing is the latest in a string of AI-related IPOs this year, amid a broader revival in the U.S. IPO market as companies seek to capitalize on growing investor confidence.
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Italy reshapes national cloud company as Leonardo, Poste target control, sources say
MILAN/ROME, July 6 : Italian defence group Leonardo is preparing to increase its stake in the company that manages cloud services for Italy’s public administration by acquiring an additional 10 per cent from state-owned IT company Sogei, sources told Reuters.Leonardo, which already owns 25 per cent of the so-
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Analysis:Argentina’s plan for AI-run companies can’t avoid humans
BUENOS AIRES, July 3 : Argentine President Javier Milei generated both excitement and fear last month when he announced a congressional bill to create “non-human corporations” run by AI, but the companies would actually require human involvement.Milei described in a Financial Times op-ed piece a new type
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KNDS: German-French tank manufacturer postpones IPO
The German government had been set to purchase a 40% stake in KNDS, but the prerequisite stock market flotation has been postponed. Meanwhile, a German drone start-up has raised $1 billion in fresh funding.
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Wayve courts automakers with AI driving system that learns like humans
July 1 : Autonomous-driving startup Wayve is riding a tide of investor interest. The London-based company has pulled in $2.8 billion from a roster of investors and strategic partners that includes big names across the technology and automotive sectors, from Nvidia to Mercedes-Benz and Nissan. In June, Wayve
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Defense startups raid auto and fracking sectors for parts to speed weapons output
WASHINGTON, July 1 : Defense tech startups are repurposing automotive chips and pipes used in fracking – while copying production methods from drugmakers – in an effort to deliver weapons to the Pentagon faster and at lower cost.Soaring demand for rocket motors used to power missiles and other weapons has spu
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US lifts restrictions on Anthropic’s advanced AI models
Washington had restricted Claude Fable 5 and Mythos 5 invoking national security concerns. OpenAI was also asked to limit the rollout of its latest GPT-5.6 model to vetted partners only.
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