business-and-technology2.705 min read
Elon Musk's Grok AI Faces Backlash Over Controversial Posts
6 months ago•Source: BBC
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0.41 min•1 year ago
"Salesforce in Negotiations to Acquire Informatica, According to Wall Street Journal"
Salesforce is reportedly in advanced discussions to acquire Informatica, a cloud data management company based in Redwood City, California, with a market value of about $11.4 billion. Informatica's shares have risen 36% this year to $38.48, and the company projected a 6% increase in fiscal-year revenue to $1.7 billion.
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"Synopsys Announces $35 Billion Acquisition of Ansys"
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"Hewlett Packard Enterprise's $14 Billion Acquisition of Juniper Networks and the Future of M&A"
Originally Published 2 years ago — by Reuters
Hewlett Packard Enterprise (HPE) is set to acquire Juniper Networks for $14 billion in an all-cash deal, aiming to enhance its artificial intelligence (AI) offerings and double its networking business. The acquisition is expected to help HPE tap into Juniper's network security and AI-enabled enterprise networking operations, while also addressing HPE's sluggish demand in its traditional server business. The deal, subject to regulatory approvals, is anticipated to close in late 2024 or early 2025 and is likely to be funded through financing commitments for $14 billion in term loans.
Elon Musk's Alleged Drug Use Raises Alarm Among Tesla, SpaceX Executives
Originally Published 2 years ago — by Fortune
Executives and board members at Tesla and SpaceX have expressed concerns over CEO Elon Musk's alleged drug use, including substances like LSD, cocaine, ecstasy, and ketamine, according to a Wall Street Journal report. Musk, who has a prescription for ketamine as an antidepressant, has been subjected to random drug testing at SpaceX and claims to have never failed a test. His drug use came under scrutiny after smoking marijuana on Joe Rogan's podcast, leading to a Pentagon review of his federal security clearance. Despite these concerns, SpaceX continues to secure significant contracts with NASA and the Pentagon, and Musk remains at the helm of multiple influential companies.
"Registrations Decline as Squarespace Acquires Google Domains"
Originally Published 2 years ago — by 9to5Google
Google's sale of its domain registrar business to Squarespace has led to a significant drop in new domain registrations. Following the transition in September 2023, new .com domain registrations fell by about 25% in a month, from over 250,000 to just under 190,000. Competitors like WordPress have been courting Google's former customers with offers such as free transfer and a year of service. The long-term impact of this shift is yet to be fully understood as more recent data is not available.
"Corporate Shift: Firms Explore Alternatives Amid OpenAI's Leadership Shakeup"
Originally Published 2 years ago — by Daily Mail
Walmart and other major companies are moving to reduce their dependence on OpenAI's ChatGPT following instability in the company's leadership, with CEO Sam Altman briefly ousted and then reinstated. This shift emphasizes the importance of interoperability with various AI tools and opens the market for competitors like Google's Gemini AI, as well as other startups and open-source alternatives. OpenAI's governance and future direction are under scrutiny as they seek to expand their initial board with new expertise.
Peloton and TikTok Team Up, Fueling a Surge in Stock and Fitness Innovation
Originally Published 2 years ago — by Fox Business
Peloton Interactive has partnered with TikTok to launch a new fitness hub called #TikTok Fitness Powered by Peloton, featuring workout content and celebrity collaborations on the social media platform. This partnership aims to expand Peloton's content reach and comes as part of the company's strategy to boost demand for its services. Following the announcement, Peloton's stock price saw a significant increase of over 15%. The hub will be available to users in the U.S., U.K., and Canada.
"BYD Dethrones Tesla in EV Sales Race as Musk Reacts to Shifting Dynamics"
Originally Published 2 years ago — by Bloomberg
BYD Co., a Chinese carmaker, has overtaken Tesla as the world's largest electric vehicle manufacturer. Initially a battery producer, BYD's rise to the top is attributed to its strategy of vertical integration, producing most components in-house, which has allowed it to produce EVs more affordably. This approach has enabled BYD to offer a diverse range of low-cost EVs, boosting sales and facilitating its expansion into global markets.
"SEC Rules Apple and Disney Must Allow Shareholder Votes on AI Initiatives"
Originally Published 2 years ago — by Yahoo Finance
The U.S. Securities and Exchange Commission (SEC) has ruled that Apple and Disney must allow shareholder votes on their use of artificial intelligence (AI), as requested by the AFL-CIO labor union. The AFL-CIO, which has filed similar proposals at other tech companies, is seeking transparency and ethical guidelines on AI usage, including issues of consent and compensation for creators. Apple and Disney had sought to exclude these proposals from their annual meetings, arguing they pertained to ordinary business operations, but the SEC found the issues to be significant enough to warrant shareholder consideration.
"Nikola Corp's Market Fluctuations: Assessing Investment Potential Amidst Electric Truck Production"
Originally Published 2 years ago — by Nikola Motor
Nikola Corporation announced the successful production and wholesale of 42 and 35 hydrogen fuel cell electric trucks (FCEVs), respectively, in 2023, marking a significant step in sustainable transportation. These Class 8 trucks, designed and assembled in the U.S., boast a range of up to 500 miles and a refueling time as low as 20 minutes. Nikola's CEO, Steve Girsky, highlighted the trucks' 98% uptime in customer pilot programs, emphasizing the company's commitment to a zero-emissions future. The company is set to deliver more trucks in 2024 and will soon announce its 2023 financial results and 2024 outlook.
"Peloton's Stock Soars as TikTok Collaboration Ushers in New Fitness Era"
Originally Published 2 years ago — by CNBC
Peloton has announced a partnership with TikTok to create "#TikTokFitness Powered by Peloton," a fitness hub on the social media platform featuring short-form fitness videos, live classes, and content from Peloton instructors. This collaboration aims to broaden Peloton's customer base and improve its public image following a decline in sales post-pandemic. The partnership is part of Peloton's strategy to rebrand itself as a fitness company accessible to a wider audience, moving beyond its high-end equipment to offer more subscription-based content. Peloton's shares saw a 10% increase in pre-market trading after the announcement.
"Intel Names Justin Hotard as New Head of Data Center and AI Division"
Originally Published 2 years ago — by Yahoo Finance
Intel Corp. has appointed Justin Hotard, an executive from Hewlett Packard Enterprise, as the new head of its data center and artificial intelligence group. This move is part of Intel's strategy to revitalize its data center business and challenge Nvidia's lead in AI. Hotard, who has a background in high-performance computing and AI, will be responsible for key products like Xeon server processors. His appointment follows the restructuring of Intel's programmable solutions business and the departure of Arun Subramaniyan to lead a new AI company.