Thomas Trutschel/Contributor/Getty Images Apple’s latest acquisition of yet another AI startup provides insight into the tech giant’s plans for artificial intelligence in 2024. The startup, DarwinAI, is a Canadian visual quality inspection business that has developed ways to make AI systems smaller and more efficient. Apple CEO Tim Cook has vowed to share more … Read more
What’s more rewarding for an angel investor than paper returns in a startup? An acquisition that turns those paper returns into a cash payout while still maintaining shares in the company. “The return after dilution was eight times my investment,” said Selma Ribica in an interview with TechCrunch recently. “I kept some stock of the … Read more
When HPE announced its intention to acquire Juniper Networks for $14 billion in cold, hard cash earlier this month, it was a bit of a shock. Sure, HP had already bought Aruba in 2015 for around $3 billion. Grabbing another networking company would presumably just add another layer to that business. Of course, there are … Read more
Allianz Direct, a digital-first German subsidiary of the insurance giant, has acquired the French home insurance business of ailing insurtech Luko for €4.3 million (around $4.65 million). This was both expected and unexpected: The two companies were hoping to get the green light on a deal in November. But that didn’t happen, and Luko’s parent … Read more
LONDON, ENGLAND – NOVEMBER 09: In this photo illustration, a flipped version of the Coinbase logo is reflected in a mobile phone screen on November 09, 2021 in London, England. The cryptocurrency exchange platform is to release its quarterly earnings today. (Photo illustration by Leon Neal/Getty Images) Leon Neal | Getty Images News | Getty … Read more
It has been a long time coming, but Microsoft’s near-two year attempt to buy gaming giant Activision is finally happening, after the U.K.’s Competition and Markets Authority (CMA) accepted a restructured proposal that addresses the CMA’s concerns about Microsoft dominating the cloud gaming market. The crux of Microsoft’s concession to get the deal over the … Read more
Jimmy Butler isn’t backing down from the challenging road Miami Heat take en route to a Finals run that includes beating Damian Lillard and Giannis Antetokounmpo. Butler could’ve been alongside Lillard this summer, but despite being the latter’s preferred landing spot, the Heat couldn’t strike a deal with the Portland Trail Blazers. Butler made his … Read more
The European Union’s executive arm is blocking leading U.S. online travel agency Booking from acquiring Sweden’s flight booking provider Etraveli Group ByThe Associated Press September 25, 2023, 5:21 AM BRUSSELS — The European Union’s executive arm said Monday it is blocking leading U.S. online travel agency Booking from acquiring Sweden’s flight booking provider Etraveli Group … Read more
Moog Music has reportedly slashed jobs at its Asheville, North Carolina manufacturing factory, the Asheville Citizen Times reports. The exact number of layoffs at the iconic synthesizer brand is currently unknown, but sources told the Citizen Times that more than half of existing positions were cut, including most workers who built the instruments. Synth Anatomy … Read more
The UK’s Competition and Markets Authority (CMA) just essentially gave the green light to Microsoft’s acquisition of Activision Blizzard, clearing away the final barrier to the largest tech merger of all time. This approval comes after a long international tour of regulatory machinations amid ongoing (and by no means finished) debates about competition in gaming. … Read more