Tech
IBM to buy Software AG’s enterprise technology business for $2.3bn
IBM on Monday said it will buy Software AG’s enterprise technology platforms for 2.13 billion euros ($2.33 billion) to support artificial intelligence and hybrid cloud
Activision will pay $50 million to settle a workplace discrimination lawsuit
Activision Blizzard will pay about $50 million to settle a California regulator’s lawsuit that accused the video game maker of 2021. discriminated against female employees,
Robinhood attracts wealthier clients from larger brokerage firms
Robinhood Markets is attracting customers from other brokerages and is looking to reach beyond its base of young, novice investors, the Wall Street Journal reported
South Korea’s LG Chem will invest $820m to build a cathode battery plant in the US
South Korea’s LG Chem Ltd said it will invest $820 million to build a battery cathode materials plant in the U.S. state of Tennessee. Last
Disney and Comcast increased ad spend on Instagram after Musk’s X rejection
Major U.S. companies including Walt Disney and Comcast have increased ad spending on Instagram after suspending ads on X last month, according to Sensor Tower,
Chinese artificial intelligence startup 01.AI hopes to raise $200m
Beijing-based artificial intelligence startup 01.AI is raising $200 million in new capital, two sources familiar with the situation said, based on a $1 billion valuation
Tesla recalls almost all cars on US roads due to lack of autopilot protection
Tesla is recalling more than 2 million vehicles in the US to install new safety measures in its advanced Autopilot driver assistance system after a
Google, Meta and Qualcomm team up to promote open digital ecosystems
Google, owned by Alphabet, Meta Platforms, Qualcomm and seven other tech companies have teamed up to promote open digital ecosystems in response to new EU
X ad sales to fall to $2.5bn in 2023
Ad sales for Elon Musk’s social media platform X are projected to fall to about $2.5 billion in 2023, Bloomberg News reported Tuesday. Several companies,
Musk’s SpaceX cost jumped closer to $180bn in tender offer
Elon Musk’s SpaceX will sell insider shares for $97 apiece as part of a tender offer. Such a price hike would increase the value of