Technology
May 07, 2024
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Pinterest CEO says the platform uses AI to generate positivity

Pinterest is standing out from the crowd by using AI to create positive experiences for users, says its CEO. “We’re trying to prove that you can use AI for good,” CEO Bill Ready said to Yahoo Finance at the Milken Institute Global Conference in Beverly Hills on Monday. “We’ve really invested in making Pinterest a […]

Technology
May 07, 2024
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Wozniak’s space firm, Privateer, buys Orbital Insight, raises $56.5 million

(This May 6 story has been corrected to fix the spelling of BOKA Group and Lux Capital in paragraph 2) By Joey Roulette WASHINGTON (Reuters) – Apple cofounder Steve Wozniak’s space data startup, Privateer, has raised $56.5 million and also acquired the analytics firm Orbital Insight, a merger that will add mapping and intelligence services […]

Technology
May 07, 2024
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Exclusive-Wozniak’s space firm, Privateer, buys Orbital Insight, raises $56.5 million

By Joey Roulette WASHINGTON (Reuters) – Apple cofounder Steve Wozniak’s space data startup, Privateer, has raised $56.5 million and also acquired the analytics firm Orbital Insight, a merger that will add mapping and intelligence services to Privateer’s space data offerings, Privateer’s CEO told Reuters. Privateer, founded in 2021 to help satellite operators navigate in Earth’s […]

Technology
May 07, 2024
123 views 2 mins 0

Vertex tops Q1 profit estimates on robust demand for cystic fibrosis treatments

(Reuters) – Vertex Pharmaceuticals beat Wall Street estimates for first-quarter profit on Monday, driven by robust uptake for its cystic fibrosis treatments. Cystic fibrosis (CF) – an inherited disorder that causes severe damage to the lungs, digestive system and other organs – affects an estimated 105,000 people across 94 countries, according to data from U.S.-based […]

Technology
May 06, 2024
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Synopsys to Sell Unit for as Much as $2.1 Billion to Private Equity Firms

(Bloomberg) — Chip-design company Synopsys Inc. is selling its software integrity business to two private equity firms for as much as $2.1 billion in cash. Most Read from Bloomberg Clearlake Capital and Francisco Partners are buying the cybersecurity-focused business and will run it as a new, as-yet unnamed independent company, according to a statement issued […]

Technology
May 06, 2024
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Synopsys to sell software unit to Clearlake, Francisco in $2.1 billion deal

(Reuters) -Synopsys will sell its software integrity (SIG) unit to a private equity consortium led by Clearlake Capital and Francisco Partners in a deal valued at $2.1 billion, the chip designer said on Monday. Reuters reported last week that the private equity firms had prevailed over rivals and that their consortium was in advanced talks […]

Technology
May 06, 2024
58 views 2 mins 0

Synopsys sells software integrity unit for $2.1 billion to PE group

(Reuters) -Synopsys said on Monday it would sell its software integrity (SIG) unit to a private-equity group led by Clearlake Capital and Francisco Partners in a $2.1 billion deal, as it shifts its focus towards the AI chips market. Reuters reported last week that the group had outbid competitors and was in advanced discussions to […]

Technology
May 06, 2024
132 views 2 mins 0

How to watch NASA’s first Boeing Starliner crewed flight launch today

Watch along today as NASA’s Boeing Starliner Crew Flight Test finally — most likely — blasts off to the International Space Station (ISS). NASA should start streaming its coverage at 6:30PM ET on its YouTube channel, with the official launch set for 10:34PM ET. The spacecraft will carry two astronauts, Suni Williams and Butch Wilmore. […]

Technology
May 06, 2024
136 views 2 mins 0

Novavax’s top shareholder Shah Capital ramps up efforts for board shakeup

(Reuters) – Hedge fund Shah Capital on Monday urged Novavax shareholders to vote against the re-election of three directors and proposals related to executive compensation, ramping up its efforts for a board shakeup at the COVID-19 vaccine maker. Shah Capital, which currently owns a near 7.5% stake in Novavax and is its third-largest shareholder, reiterated […]

Technology
May 06, 2024
149 views 2 mins 0

JPMorgan’s Top China TMT Banker Crystal Zhu Said to Join Morgan Stanley

(Bloomberg) — JPMorgan Chase & Co.’s head of China telecommunications, media and technology investment banking Crystal Zhu has left the US lender to join rival Morgan Stanley, according to people familiar with the matter. Most Read from Bloomberg Zhu will be co-head of Morgan Stanley’s Asia Pacific technology team, the people said, asking not to […]