Category Archives: (Midwest Communications, Inc. Syndication Interface) Technology News (Master Feed)
Astera Labs seeks to raise around $713 million in IPO at $5.5 billion valuation
(Reuters) - Chip firm Astera Labs on Tuesday set the pricing of its initial public offering (IPO) of 19.8 million shares at $36 apiece, aiming to raise around $712.8 million. The company priced its IP...
Mar 19, 2024
Factbox-Key takeaways from Nvidia's annual developer conference
(Reuters) - Nvidia unveiled its next big AI chip along with several partnerships and software tools at its annual developer conference this week, seeking to maintain its lead in the race to power the ...
Mar 19, 2024
Cybersecurity firm Cato Networks hires banks for 2025 IPO, sources say
By Echo Wang NEW YORK (Reuters) - Israeli cybersecurity firm Cato Networks, which was valued at more than $3 billion in a private funding round last year, has hired underwriters for an initial public ...
Mar 19, 2024
Saudi Arabia plans $40 billion push into artificial intelligence, NYT reports
(Reuters) - Saudi Arabia's government plans to create a fund of about $40 billion to invest in artificial intelligence, the New York Times reported on Tuesday, citing three people briefed on the plans...
Mar 19, 2024
Grayscale bitcoin ETF saw record daily outflows as bitcoin tumbled
By Suzanne McGee (Reuters) - A selloff in bitcoin that continued on Tuesday has been accompanied by record outflows from Grayscale's Bitcoin Trust, accelerating the asset losses the fund has experienc...
Mar 19, 2024
Exclusive-EU's Vestager warns about Apple, Meta fees, disparaging rival products
By Foo Yun Chee BRUSSELS (Reuters) - EU antitrust chief Margrethe Vestager on Tuesday warned Apple and Meta Platforms on their new fees for their services, saying that this may hinder users from enjoy...
Mar 19, 2024
Meta does not expect new Nvidia chips to arrive until at least next year
NEW YORK (Reuters) - Facebook owner Meta Platforms is not expecting to receive shipments of Nvidia's new flagship artificial intelligence chip this year, a Meta spokesperson told Reuters. Nvidia, the ...
Mar 19, 2024
Uruguayan fintech dLocal looks for acquisitions, considering buybacks
By Sarah Morland (Reuters) - Uruguayan digital payments company dLocal said on Tuesday it is looking at possible acquisitions aimed at boosting its commercial distribution, services and geographic foo...
Mar 19, 2024
Microsoft hires DeepMind co-founder Suleyman to head new consumer AI organization
(Reuters) - Microsoft has hired the co-founder of Alphabet's DeepMind, Mustafa Suleyman, to head its newly formed organization called Microsoft AI, the tech giant said on Tuesday. Suleyman will join a...
Mar 19, 2024
SpaceX says plans to sell satellite laser links commercially
WASHINGTON (Reuters) - SpaceX has started selling satellite lasers, which are used for speedy in-space communications, to other satellite firms, the company's president Gwynne Shotwell said at a confe...
Mar 19, 2024
