SoftBank announces AI healthcare joint venture SB TEMPUS with Tempus AI, which recently listed on Nasdaq; Softbank invested ~$200M in Tempus' Series G in April — Japanese technology investor SoftBank Group (9984.T) has launched a joint venture with Tempus AI (TEM.O) that aims …
Naver-owned online comics platform Webtoon raised $315M in its Nasdaq IPO at $21 per share, the top of its $18-$21 marketed range, valuing the company at $2.7B — Online comics platform prices IPO at top of range for $2.7bn valuation — Webtoon Entertainment, an online comics platform …
Advantest CEO Douglas Lefever, whose company has a 54% share of the chip testing equipment market, says China will remain an important market despite US curbs — - AI needs complex, costly chipmaking that involves more tests — Advantest focused on delivering solutions to China, CEO Says
BCG, McKinsey, KPMG, and other consultants see rising demand for AI advisory services; BCG earns 20% of its revenue from AI-related work vs. 0% two years ago — Rattled by tech's latest trend, businesses have turned to advisers at Boston Consulting Group, McKinsey and KPMG for guidance on adopting generative artificial intelligence.
Sources: Meituan considers raising $1B+ via a bond offering this year as the food delivery and shopping platform seeks to repay some debt and fund its expansion — - Chinese online retailer is working with banks on a bond sale — Proceeds to be used to repay some debt, fund overseas growth
In preliminary findings, the EU charges Microsoft with antitrust violations over concerns that it gave Teams an “undue advantage” by bundling it with Office — Allegations that software giant is ‘tying’ its video app to Office are the first such case against it in more than a decade
Prosus, the largest external investor in Byju's with a 9.6% stake, says its stake in the Indian edtech giant is now worth zero; Prosus invested a total of $570M — One of Byju's largest investors, Prosus, on Monday said it believes its stake in the Indian edtech startup is now worth nothing …
Sources: Shein confidentially filed with UK's markets regulator in early June for a potential London IPO; it was valued at $66B in a 2023 fundraising round — Shein has confidentially filed papers with Britain's markets regulator in early June for a potential London listing, two sources said …
An interview with Open Source Initiative executive director Stefano Maffulli on what makes an AI open source, creating the Open Source AI Definition, and more — Meet the guy working to find “the definition” — The struggle between open source and proprietary software is well understood.
Y Combinator and 140 AI startups sign a letter opposing California's AI safety bill, saying the bill could harm California's ability to retain its AI talent — THE BUZZ: FIRST IN PLAYBOOK: One of Silicon Valley's heaviest hitters is wading into the fight over California's AI regulations.
A look at Apple's plans for Vision headsets and AR glasses, M4 Macs, reasons for limiting Apple Intelligence to the latest iPhones and delaying it in the EU — The Apple Vision Pro has gotten off to a slow start, spurring management to rethink its plans for the device.
Sources: Meta has held discussions with Apple to integrate its AI model into Apple Intelligence; Anthropic and Perplexity also discussed integrations with Apple — The longtime rivals have held talks about potentially integrating Meta's generative AI model into Apple Intelligence
Qualcomm makes its AI models, which are optimized for 45 TOPS Hexagon NPU, available to developers for building AI-enabled apps for Snapdragon X Elite devices — Another way to promote AI PCs. — When Qualcomm formally introduced its Snapdragon X Elite platforms at Computex earlier this month …
How the Internet Archive plans to defend its digital lending practices as it appeals a US court's 2023 ruling; IA says it was forced to remove over 500K books — Internet Archive fans beg publishers to stop emptying the open library. — As a result of book publishers successfully suing …
How Embracer's layoffs and project cancellations gutted Fishlabs, a promising studio that now lives on as a cross-dev team supporting other Embracer companies — The exclusive inside story of Chorus developers Fishlabs, from Project Black to Project White — A phoenix is a mythological firebird …
Riley Griffin / Bloomberg : Mark Zuckerberg lamented the rise of “culturally neutered” companies that have sought to distance themselves ...
