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Trump was supposed to unlock IPOs, CoreWeave debut reflects skepticism
CoreWeave Inc. signage during the company's initial public offering at the Nasdaq MarketSite in New York, US, on Friday, March 28, 2025. Michael Nagle | Bloomberg | Getty ImagesIt wasn't supposed to go down like this.The Trump presidency…
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Ubisoft shares surge on deal to spin off top game franchises
Artwork for Ubisoft's upcoming "Assassin's Creed Shadows" game.John Keeble | Getty ImagesUbisoft shares surged on Friday after the French video game publisher announced a deal to spin out some of its best-selling franchises.On Thursday,…
Krafton acquires controlling stake in Indian gaming studio Nautilus Mobile for $14M
Krafton, South Korea’s gaming giant known for titles including PUBG: Battlegrounds and Battlegrounds Mobile India (BGMI), has acquired a controlling stake in 12-year-old Indian gaming studio Nautilus Mobile for $14 million in an…
CoreWeave prices IPO at $40 a share, below expected range
Michael Intrator, co-founder and CEO of CoreWeave, speaks at Web Summit in Lisbon, Portugal, on Nov. 13, 2024.Carlos Rodrigues | Sportsfile | Web Summit | Getty ImagesCoreWeave on Thursday said it priced shares at $40 in the company's…
Nvidia to anchor CoreWeave IPO at $40 a share, source says
Nvidia is aiming to anchor CoreWeave's initial public offering at $40 a share with a $250 million order, according to a person familiar with the matter.The company initially filed the offering at $47 to $55 per share. The source told…
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Alibaba launches open-source AI model for ‘cost-effective AI agents’
The Alibaba office building in Nanjing, Jiangsu province, China, on Aug. 28, 2024.CFOTO | Future Publishing | Getty ImagesAlibaba Cloud launched Thursday its latest artificial intelligence model in its "Qwen series," as large language…
OpenAI’s viral Studio Ghibli moment highlights AI copyright concerns
It’s only been a day since ChatGPT’s new AI image generator went live, and social media feeds are already flooded with AI-generated memes in the style of Studio Ghibli, the cult-favorite Japanese animation studio behind blockbuster…
Former Intel CEO Pat Gelsinger joins venture firm Playground Global
From left, Playground Global partners Peter Barrett, Pat Gelsinger, Jory Bell, Bruce Leak and Ben Kim.Playground GlobalAfter a tumultuous four years running Intel, Pat Gelsinger is going into venture capital.Gelsinger, who was ousted by…
Amazon testing shopping, health assistants, pushes into generative AI
Amazon CEO Andy Jassy speaks during an Amazon Devices launch event in New York City, U.S., February 26, 2025. Brendan Mcdermid | ReutersAmazon, in an effort to infuse generative artificial intelligence across a wider swath of its…
AI’s coming to the classroom: Brisk raises $15M after a quick start in school
It’s virtually impossible today to determine when a student’s writing has been composed using ChatGPT or another GenAI tool, and it can be a nightmare to disprove incorrect accusations. An AI edtech startup called Brisk has built a tool…
U.S. blacklists over 50 Chinese companies in bid to curb Beijing’s AI, chip capabilities
William_potter | Istock | Getty ImagesThe U.S. on Tuesday added dozens of Chinese tech companies to its export blacklist in its first such effort under the Donald Trump administration, as it doubles down on curtailing Beijing's…
Read the email Jack Dorsey sent when he cut 931 of Block’s staff
Fintech Block laid off 931 people Tuesday, according to a leaked message from the company seen by TechCrunch.
The news was announced to staff in an email from Block’s co-founder and CEO, Jack Dorsey. Dorsey told staff that on Tuesday,…
Google quantum exec says tech is ‘5 years out from a real breakout’
A handout picture from October 2019 shows Sundar Pichai with one of Google's Quantum Computers in the Santa Barbara lab, California, U.S. Picture taken in October 2019. Google/Handout via REUTERS THIS IMAGE HAS BEEN SUPPLIED…
Trump Media shares jump on announcement of ETF deal with Crypto.com
Thomas Fuller | SOPA Images | Lightrocket | Getty ImagesShares of Trump Media jumped about 9% in extended trading on Monday after the parent of the president's social media company announced an agreement with Crypto.com to launch a…
Daphni secures $215M for its third fund
French VC firm Daphni is announcing the first closing of its new fund, Daphni Blue. The firm has raised €200 million (around $215 million at current exchange rates). It expects to raise as much as €250 million ($270 million) by the end…
Samsung Electronics co-CEO Han Jong-hee, 63, passes away due to heart attack
Han Jong-hee, co-chief executive officer of Samsung Electronics Co., at the company's annual general meeting at the Suwon Convention Center in Suwon, South Korea, on Wednesday, March 19, 2025. Bloomberg | Bloomberg | Getty ImagesSouth…