Taiwan’s Foxconn said on Monday it had withdrawn from a joint venture with conglomerate Vedanta , in a blow to Indian Prime Minister Narendra Modi’s chipmaking plans.
Meta Platforms’ Twitter rival Threads crossed 100 million sign-ups within five days of launch, CEO Mark Zuckerberg said on Monday, dethroning ChatGPT as the fastest-growing online platform to hit the milestone.
The European Commission announced on Monday a data transfer agreement with the United States after Europe’s top court annulled two previous pacts that underpinned how thousands of companies transfer Europeans’ personal data across the Atlantic.
Taiwan’s Foxconn pulled out of a semiconductor joint venture with Vedanta after India’s government raised questions over its application for an incentive scheme for chip production, a source familiar with the matter said.
Reka, an AI model startup founded by former researchers from Alphabet’s DeepMind , has raised $50 million in a fresh round of funding from investors including Yuri Milner’s DST Global Partners and Snowflake , the companies told Reuters.
Databricks said on Monday it had agreed to acquire artificial intelligence (AI) startup MosaicML in a mostly stock deal valued at $1.3 billion, marking Databricks’ latest efforts to build an ecosystem for enterprises to use open-source AI models.
Israel-based Oddity Tech will seek a valuation of up to $1.7 billion in its U.S. initial public offering (IPO), the beauty and wellness products company said on Monday.
Buyout firm TPG will buy the government cybersecurity business of Francisco Partners-owned software company Forcepoint in a $2.45 billion deal, two sources familiar with the matter said on Monday.
The announcement of a nearly $1 billion fine by Chinese regulators on Ant Group has drawn a line under the fintech giant’s woes and given hope to investors that a regulatory crackdown on China’s broader technology sector is over.
Comedian Sarah Silverman and two authors have filed copyright infringement lawsuits against Meta Platforms and OpenAI for allegedly using their content without permission to train artificial intelligence language models.