Reddit is reportedly testing an IPO again. On Monday, Bloomberg reported that Reddit “is holding talks with potential investors for an initial public offering.” Bloomberg sources say the 2005 San Francisco company co-founded by Steve Huffman, Aaron Swartz, and Alexis Ohanian may go public in the first quarter. Reddit has …
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Following South Asian revenue growth, Foxconn will invest $1.54 billion in India, the latest expansion plan. Foxconn said in a stock exchange filing that the investment will meet “operational needs.” The investment comes two months after the Taiwanese company announced it would double its Indian workforce and investment by next …
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Multiple media reports say Singapore-based fast-fashion platform Shein has secretly planned a US IPO. The Wall Street Journal reported it Monday. This year, Shein raised $2 billion at a $66 billion valuation, but it could go public at $90 billion. As previously reported, the online fashion upstart, which disrupted Zara …
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Generative AI and how it accelerates consumer software and products are hot topics in artificial intelligence. Two theoretical physicists and a Formula One engineer co-founded PhysicsX, an AI startup that is now operating out of stealth to create and manage enterprise physical systems. London-based PhysicsX has developed an AI platform …
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Podcasts are available here or elsewhere. Welcome back to Equity, the startup business podcast, where we analyze the numbers and nuance behind the headlines. Our Monday show covers weekend tech news and early-week headlines. Today was not all about OpenAI; you’ll be glad to know. We took on weekend news …
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Two weeks ago, the U.S. Justice Department completed its evidentiary phase in its Google antitrust trial, with closing arguments scheduled for May 2024. Can an industry giant legally engage in anticompetitive business practices if they improve its product and its customers’? Apparently, Judge Amit Mehta has “no idea” how he …
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Elon Musk’s implantable brain wave reading chip company, Neuralink, has raised $43 million in venture capital, according to an SEC filing. According to this week’s filing, the company increased its early August tranche, which Peter Thiel’s Founders Fund led, from $280 million to $323 million. The filing lists 32 investors. …
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ByteDance’s gaming ambition was costly and short-lived. In late 2021, the TikTok parent company announced that video games would be one of its six core business units, threatening Tencent, NetEase, and rising star MiHoYo. After two years of poor performance, Nuverse, the gaming department, is drastically scaling back its operations, …
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On X, formerly Twitter, Elon Musk said headlines will be shown in preview cards with URLs again after removing titles last month. Musk announced on X that a URL Card update will display the title in the upper portion. He didn’t provide a rollout timeline or card example. The Tesla …
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Instagram CEO Adam Mosseri announced Wednesday that it now lets users worldwide download public reels. Before this update, you could only save reels to Instagram for later viewing. Mosseri said on his Instagram broadcast channel that downloaded reels will have a TikTok-like account name watermark. Tap share and download to …
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