Raspberry Pi, a British computing startup, is set to raise a whopping £166 million ($211.2 million) from its initial public offering. The company has priced its shares at 280 pence apiece, valuing the company at around £541.6 million. While this valuation is small in comparison to other tech firms, it is a significant win for
Enterprise
The European Union has a standard 10% duty on imported electric vehicles, but with a crackdown on low-priced, subsidized imports from China, the bloc is set to provisionally raise those fees starting July 4. Analysts have predicted a potential increase in the tariff rate to ~25-30%, with a risk scenario suggesting a hike to 30-50%.
In a surprising move, Microsoft has decided to hand over the development of its best artificial intelligence tools and software to OpenAI. This decision has raised concerns about the future of Microsoft’s position in the AI industry. Todd McKinnon, CEO of identity security firm Okta, pointed out that Google has been excelling in the field
Boeing’s Starliner, a human-grade space capsule, was developed to transport astronauts to and from the International Space Station as part of NASA’s Commercial Crew Program. This initiative, which began in 2014, aimed to involve the private sector in the space travel industry. Boeing was one of two companies selected by NASA, receiving a $4.2 billion
The world of cryptocurrency investing has long been associated with the mantra of “HODL” – holding onto assets for dear life through the ups and downs of the market. However, this traditional approach may be shifting as the adoption of Exchange Traded Funds (ETFs) continues to grow. With the rise of institutional interest in cryptocurrencies
Recent announcements by Microsoft regarding the incorporation of artificial intelligence features in new PCs have sparked concerns about security and privacy. One such feature, Recall, which captures screenshots and enables searching of user activity, has been found to have vulnerabilities that could potentially allow attackers to access sensitive data. Microsoft revealed that the Recall feature
In a surprising turn of events, two prominent tech investors and podcasters are set to host a high-profile fundraiser for Donald Trump in San Francisco. This move signals a shift in sentiment within an industry that was once openly hostile towards the former President. David Sacks, a well-known venture capitalist and part of the infamous
Ramp, the expense management company that has been making waves in the industry with its recent valuation of $7.65 billion, is now venturing into the realm of business travel through a strategic partnership with Booking Holdings’ Priceline. This move comes as more and more corporate spend platforms are looking to enhance their services in order
In a rapidly evolving technological landscape, artificial intelligence is becoming increasingly relevant in various industries. Kneron, an AI chip startup, recently unveiled its latest products in an effort to capitalize on the growing interest in AI among businesses. With backing from major players such as Qualcomm and Foxconn, Kneron aims to provide an alternative to
Cisco’s ThousandEyes has taken a significant step forward in internet monitoring technology by introducing new artificial intelligence-powered capabilities. The new AI technology, called Digital Experience Assurance (DXA), is set to revolutionize the prediction and diagnosis of internet outages and disruptions. This ground-breaking development will enable customers of Cisco’s networking technology to automatically address network issues,