xAI raises $10 billion at $200 billion valuation: Report
Elon Musk’s AI firm xAI has raised $10 billion at a $200 billion valuation, CNBC reported on Friday, citing sources.
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EU to finalise probes into tech platforms soon: Digital chief Henna Virkkunen
Several online platforms, including Chinese retailers AliExpress and Temu and social media giants Facebook, Instagram, X and TikTok, are being probed under the European Union’s landmark Digital Services Act (DSA).
ETtech Deals Digest: Startups raise $338 million this week, down 9% on-year
The number of deals during the week was also down to 22 transactions, compared to 37 in the corresponding week last year.
The Download: the CDC’s vaccine chaos
This is today’s edition of The Download, our weekday newsletter that provides a daily dose of what’s going on in the world of technology. A pivotal meeting on vaccine guidance is underway—and former CDC leaders are alarmed This week has been an…
What does the future hold for generative AI?
When OpenAI introduced ChatGPT to the world in 2022, it brought generative artificial intelligence into the mainstream and started a snowball effect that led to its rapid integration into industry, scientific research, health care, and the everyday lives of people…
Cybersecurity firm Netskope fetches $8.8 billion valuation as shares jump in Nasdaq debut
The Santa Clara, California-based company’s shares opened at $23 apiece, well above the $19 offer price. Netskope raised $908.2 million in its IPO by selling 47.8 million shares at the top end of its bumped-up range of $17 to $19…
German minister calls for Google to be broken up
Germany’s culture minister Wolfram Weimer called for breaking up Google, accusing it of tax avoidance and failing society. His remarks follow a €2.95 billion EU fine against Google, adding to nearly €10 billion in penalties.
Microsoft boosts Wisconsin data center spending to $7 billion
Microsoft said the initial data center remains on track to open next year and will employ about 500 people at its peak, expanding to about 800 once the second data center is complete.
A pivotal meeting on vaccine guidance is underway—and former CDC leaders are alarmed
Update Friday 6am ET: The advisory CDC panel recommended that children under the age of 4 do not receive the combined MMRV vaccine (for measles, mumps, rubella, and varicella) but instead receive two separate shots. This week has been an…
Flipkart completes self-audit on dark patterns; says aligned to CCPA guidelines
The group, which includes Flipkart, Myntra, Flipkart Wholesale, and Cleartrip, affirmed its commitment to ensuring that its customers are treated with fairness and transparency. The comprehensive self-audit completion declaration has been submitted to the Consumer Affairs Secretary Nidhi Khare, the…