Sonali Ray, writer Brief news Chinese equities have surged over 8%, driven by stimulus expectations, with trading volumes surpassing previous peaks, but analysts assert this […]
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Cybersecurity business Proofpoint contemplates pre-IPO fundraising for a public market return
Anamika Dey, editor Brief news Proofpoint is exploring mergers and acquisitions of smaller cybersecurity firms and seeking pre-IPO financing to return to public markets by […]
Google will spend $1 billion in Thailand on a data center and AI expansion
Nandini Roy Choudhury, writer Brief news Google is investing $1 billion to expand cloud infrastructure and establish its first data center in Thailand, focusing on […]
No discussions set for Tuesday’s U.S. East Coast port strike
Rohit Baniwal, writer Brief news A strike by port workers on the East and Gulf Coasts is set to begin at midnight on Monday, potentially […]
Brazil will allow Elon Musk’s X online after another fine
Nandini Roy Choudhury, writer Brief news Brazil’s Supreme Court, led by Alexandre de Moraes, imposed a final penalty of 10 million reals on X (formerly […]
Alibaba, Tencent rise as Beijing stimulus measures boost tech stocks to 13-month high
Nandini Roy Choudhury, writer Brief news Following China’s central bank’s stimulus measures, Chinese tech stocks, including Alibaba and Tencent, saw significant gains, with the Hang […]
OpenAI CFO says investors fundraising round should finish next week despite executive leaving.
Nandini Roy Choudhury, writer Brief news Sarah Friar, OpenAI’s CFO, reassured investors about the company’s strong position despite recent executive departures, including CTO Mira Murati. […]
Google’s investment arm backs a firm bringing mixed reality to automobile windshields and airline cockpits
Nandini Roy Choudhury, writer Brief news Distance Technologies has raised €10 million ($11.1 million) from GV and other investors to develop mixed-reality technology for automotive […]
Google files EU antitrust case against Microsoft for cloud stifling.
Anamika Dey, editor Brief news Google filed an antitrust complaint against Microsoft, alleging discriminatory licensing practices that hinder competition in the cloud computing market. The […]
Smartsheet will be bought by Blackstone and Vista Equity Partners for $8.4 billion
Anamika Dey, editor Brief news Blackstone and Vista Equity Partners are acquiring Smartsheet for approximately $8.4 billion in cash. Shareholders will receive $56.50 per share, […]