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Category Archives: Tech
Australia drops case against Elon Musk’s social media platform X over church stabbing footage
Australia’s online safety regulator on Wednesday announced it had dropped its legal battle against Elon Musk’s X.
SAP to acquire digital adoption platform WalkMe for $1.5B
Enterprise software giant SAP is acquiring “digital adoption” platform provider WalkMe in an all-cash transaction worth $1.5 billion. WalkMe’s Nasdaq closing price yesterday was $9.64, with SAP’s $14 offer representing a premium of 45%. Founded out of Israel in 2011, … Continue reading
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SoftBank shares jump up to 6.3% on report that Elliott Management’s pushing for $15 billion in buybacks
SoftBank shares hit a high of 9,572 Japanese yen on Wednesday, 6.32% higher than its Tuesday closing price of 9,003 yen, according to LSEG data.
Intel wants to build ‘everybody’s AI chips,’ CEO says, as company plays catch-up with rivals
Intel wants to regain leadership in the chip industry after losing market share opportunities to rivals, its CEO said.
Goldman-backed Starling says no plans to pursue EU bank license, expansion to come from software
Starling will pursue international expansion via its software business Engine rather than via banking licenses, incoming CEO Raman Bhatia said.
Qualcomm-backed firm launches latest AI chips — posing a challenge to giants like Nvidia
Kneron, a Taiwanese firm also backed by iPhone assembler Foxconn, took the wraps off the KNEO 330, its second-generation “edge GPT” server.
Australia drops case against X over stabbing videos
The case was seen as a test of Australia’s ability to enforce online safety rules on social media giants.
Fintech firm Nium cuts valuation by 30% in new funding round, eyes 2025 IPO
Despite the lower valuation, Nium is confident it can go public in the next 18 months and is eyeing late 2025 for its stock market debut.
Brands and celebrities hit by TikTok cyber-attack
The video-sharing app told the BBC that a “very limited” number of accounts had been compromised.
Narendra Modi-led NDA’s election win signals policy continuity in India – but also spending cuts
The BJP-led National Democratic Alliance (NDA) has emerged victorious in India’s 2024 general election, but with a smaller majority compared to 2019. According to post-election analysis by Goldman Sachs, UBS, Bernstein and Citi, this slimmer mandate may push the government … Continue reading
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