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Finance News

Apple-supplier Luxshare shares pop 10% on report of OpenAI hardware deal

Apple-supplier Luxshare shares pop 10% on report of OpenAI hardware deal

Finance News

In this photo illustration, the Luxshare Precision company logo is seen displayed on a smartphone screen. Sopa Images | Lightrocket | Getty Images Shenzhen-listed Luxshare saw its shares jump about 10% on Monday, following a report that the Chinese device assembler had signed a deal with OpenAI to produce a consumer AI device.  The company, […]

Apple-supplier Luxshare shares pop 10% on report of OpenAI hardware deal Read More »

Apple takes control of all core chips in iPhone Air with new architecture to prioritize AI

Apple takes control of all core chips in iPhone Air with new architecture to prioritize AI

Finance News

iPhone Air is the big newcomer among Apple’s latest lineup that went on sale Friday, but inside the slim phone’s raised plateau is another new piece of hardware that signals a renewed focus on artificial intelligence.  Apple’s custom A19 Pro chip introduces a major architecture change, with neural accelerators added to each GPU core to

Apple takes control of all core chips in iPhone Air with new architecture to prioritize AI Read More »

Elon Musk’s xAI raising billion at 0 billion valuation: sources

Elon Musk’s xAI raising $10 billion at $200 billion valuation: sources

Finance News

Elon Musk’s xAI is raising $10 billion from investors in a round that values the artificial intelligence startup at $200 billion, sources with direct knowledge of the situation told CNBC’s David Faber. It’s the latest example of skyrocketing valuations for companies developing foundational AI models. Earlier this month, Anthropic raised $13 billion at a $183

Elon Musk’s xAI raising $10 billion at $200 billion valuation: sources Read More »

Navan, corporate travel and expense startup, files for IPO

Navan, corporate travel and expense startup, files for IPO

Finance News

Navan, the business travel, payments, and expense management startup, filed on Friday afternoon to go public. Its S-1 filing with the Securities and Exchange Commission indicates that the company plans to list on the Nasdaq Global Select Market under the symbol “NAVN.” Navan reported trailing 12-month revenue of $613 million (up 32%) across over 10,000

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Top Amazon reseller Pattern opens at .50 in Nasdaq debut after IPO raised 0 million

Top Amazon reseller Pattern opens at $13.50 in Nasdaq debut after IPO raised $300 million

Finance News

E-commerce firm Pattern Group’s co-founder and CEO David Wright, his co-founder, Chief Strategy Officer and wife Melanie Alder, and the staff members attend the company’s IPO at the Nasdaq market in New York City, U.S., Sept. 19, 2025. Angelina Katsanis | Reuters Pattern Group, one of the leading resellers on Amazon, took the plunge into

Top Amazon reseller Pattern opens at $13.50 in Nasdaq debut after IPO raised $300 million Read More »

Nvidia just spent over 0 million to hire Enfabrica CEO, license AI startup’s technology

Nvidia just spent over $900 million to hire Enfabrica CEO, license AI startup’s technology

Finance News

Co-founder and chief executive officer of Nvidia Corp., Jensen Huang attends the 9th edition of the VivaTech trade show in Paris on June 11, 2025. Chesnot | Getty Images Entertainment | Getty Images Nvidia has just shelled out over $900 million to hire Enfabrica CEO Rochan Sankar and other employees at the artificial intelligence hardware

Nvidia just spent over $900 million to hire Enfabrica CEO, license AI startup’s technology Read More »

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