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Vinfast worth more than Ford and GM after 19% stock drop

Vietnamese EV maker VinFast’s Nasdaq debut Tuesday was remarkable. The automaker, which went public after merging with Black Spade Acquisition, saw shares rise 68% to $37.06, valuing it at $86 billion, far above Ford, GM, and Stellantis. Wednesday was the real surprise. VinFast still had a market cap ahead of …

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Global Illumination joins OpenAI design studio

OpenAI, the company behind ChatGPT, has acquired Global Illumination, a New York startup using AI to build creative tools, infrastructure, and digital experiences. It’s OpenAI’s first public acquisition in seven years. The deal’s terms were unknown. “We’re very excited for the impact they’ll have here at OpenAI,” the company wrote …

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The US launches its long-awaited IoT security labeling program, Cyber Trust Mark

The Biden administration launched its long-awaited Internet of Things (IoT) cybersecurity labeling program to protect Americans from internet-connected device security risks. The “U.S. Cyber Trust Mark” helps Americans buy internet-connected devices with strong cyberattack protections. Fitness trackers, routers, baby monitors, and smart refrigerators make up the Internet of Things, a …

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