Bloomberg:
Sources: UiPath priced its IPO at $56 per share, above its target range, raising $1.3B and giving it a $29B valuation — UiPath Inc., an automation software maker, and its shareholders raised more $1.3 billion in an initial public offering, pricing the shares above a marketed range, according to people familiar with the matter.
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Tuesday, April 20, 2021
Sources: UiPath priced its IPO at $56 per share, above its target range, raising $1.3B and giving it a $29B valuation (Bloomberg)
Monday, April 19, 2021
Google, Apple executives to testify in app store hearing on Wednesday
The four tech giants -- Apple, Amazon, Facebook and Google -- have come under tough scrutiny for more than a year because of such varied concerns as privacy breaches, allegations of hate speech and stifling conservative voices and violations of antitrust law. https://ift.tt/3v8Tvht
US banks deploy AI to monitor customers, workers amid tech backlash
City National will begin facial recognition trials early next year to identify customers at teller machines and employees at branches, aiming to replace clunky and less secure authentication measures at its 31 sites, Dominguez said. https://ift.tt/32sj00X
IBM quarterly sales growth highest in over two years on cloud strength
Sales from IBM's cloud computing services jumped 21% to $6.5 billion in the quarter. The 109-year-old firm is preparing to split itself into two public companies, with the namesake firm narrowing its focus on the so-called hybrid cloud, where it sees a $1 trillion market opportunity. https://ift.tt/3dCvIRb
Facebook takes on Clubhouse, unveils upcoming audio products
Facebook Inc CEO Mark Zuckerberg said the company planned to launch several audio products, including Clubhouse-style live audio rooms and a way for users to find and play podcasts. https://ift.tt/3ao4ATV
Microsoft to test Xbox cloud gaming on PCs, Apple mobile devices
The feature will enable users to play over 100 Xbox Game Pass titles on Microsoft's Edge, Google's Chrome, or Apple's Safari internet browsers on their devices instead of using a video game console, easing access to gaming irrespective of location and device. https://ift.tt/3syG88D
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