Technology
May 24, 2024
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Musk’s xAI Nears Close of Deal Valuing Startup at $24 Billion

(Bloomberg) — Elon Musk’s artificial intelligence startup X.AI Corp. is slated to complete a funding round in June that could value the company at more than $24 billion including its latest influx of cash, according one person familiar with the deal. Most Read from Bloomberg The company was slated to wrap up a roughly $6 […]

Technology
May 24, 2024
6 views 2 mins 0

Workday Warns of ‘Elevated Sales Scrutiny’ in Warning For Software

(Bloomberg) — Workday Inc. shares declined in extended trading after the software company cut its full-year forecast for subscription revenue. Most Read from Bloomberg Subscription sales will be as much as $7.73 billion in the fiscal year ending in January, compared with an earlier outlook for as much as $7.78 billion. Subscription revenue is a […]

Technology
May 23, 2024
21 views 7 mins 0

Hess-Chevron merger vote appears ripe for narrow approval

By Sabrina Valle HOUSTON (Reuters) – Hess Corp CEO John Hess has until Tuesday to quell a rebellion by shareholders over his handling of what could turn out to be one of the largest mergers in oil industry history: a proposed $53 billion sale of the oil producer to Chevron Corp. Hess, 70, has spent […]

Technology
May 23, 2024
30 views 5 mins 0

Nvidia CEO says Tesla ‘far ahead’ in self-driving tech as autonomous driving efforts boost chip demand

Nvidia (NVDA) CEO Jensen Huang believes Tesla’s (TSLA) full self-driving (FSD) system is the most advanced system out right now. It also just so happens that Tesla’s FSD is powered by Nvidia’s chips. “Tesla is far ahead in self-driving cars,” Huang said in an exclusive interview with Yahoo Finance. “One of the things that’s really […]

Technology
May 23, 2024
21 views 2 mins 0

Orsted receives $650 million tax equity financing from J.P. Morgan

(Reuters) – Danish company Orsted has secured an investment of $680 million in tax equity financing from J.P. Morgan for a portfolio of solar and storage assets in Texas and Arizona, the clean energy developer said on Thursday. The tax equity allows for tax credit transferability under 2022 President Biden’s Inflation Reduction Act, which corporate […]

Technology
May 23, 2024
16 views 4 mins 0

App developer Crowdaa raises €1.2 million and plans a U.S. expansion

​​Vigile Hoareau is a musician, cognitive psychologist and computer programmer. Jimmy Thomas is a multi-platinum rap producer who has worked with Tupac and Motown Records. Together, they are the founders of Crowdaa, a French company that allows non-developers to easily create and release apps on mobile. The two were introduced eight years ago and bonded […]

Technology
May 23, 2024
15 views 4 mins 0

App developer Crowdaa raises €1.2M and plans a US expansion

​​Vigile Hoareau is a musician, cognitive psychologist and computer programmer. Jimmy Thomas is a multi-platinum rap producer who has worked with Tupac and Motown Records. Together, they are the founders of Crowdaa, a French company that allows non-developers to easily create and release apps on mobile. The two were introduced eight years ago and bonded […]

Technology
May 23, 2024
5 views 5 mins 0

Canva Goes After Adobe Users With Work Tools to Speed Up Growth

(Bloomberg) — Canva Inc. unveiled a new suite of design tools for enterprise users, seeking to lure some of rival Adobe Inc.’s biggest customers and accelerate revenue growth. Most Read from Bloomberg The Australian creative software company is pushing out features made for teams including those in human resources, sales and design, executives said at […]

Technology
May 23, 2024
40 views 7 mins 0

Nvidia Stock Surges as Forecast Delivers on AI Hopes

(Bloomberg) — Shares of Nvidia Corp., the chipmaker at the center of an artificial intelligence boom, surged on Thursday after a bullish sales forecast showed that AI computing spending remains strong. Most Read from Bloomberg Second-quarter revenue will be about $28 billion, the company said Wednesday, topping the $26.8 billion predicted by analysts. Results in […]

Technology
May 23, 2024
15 views 6 mins 0

Nvidia Clears the Way for AI Stocks to Keep Powering Higher

(Bloomberg) — Nvidia Corp. just gave the green light to traders betting that the rally in artificial intelligence computing stocks — not to mention its own — has room to run. Most Read from Bloomberg Another estimate-thumping earnings report and forecast from the chipmaker sent its shares up as much as 9% in early trading […]