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Anduril opens a $1.3bn employee tender at a $90bn valuation

Business, Digital Marketing, Investors and funding, Politics, SEO Tips, Startups and technology, Technology, United States /

Anduril is letting current and former employees sell shares in a tender offer that values the defence tech company at about $90bn. The shares are priced at $94.80 each, and the offer is capped at about $1.3bn, according to Bloomberg’s sources. Rebecca Torrence, Edward Ludlow, Natasha Mascarenhas and Katrina Manson first reported the tender for […]

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Jury finds Arm breached its Qualcomm licence, then awards Qualcomm $2

Business, Digital Marketing, Legal, Meta, semiconductors, SEO Tips, Technology /

“The jury’s verdict confirms that Arm operated in good faith under its technology license agreement and its award of only two dollars confirms the merit of Arm’s arguments in the case,” Arm said in a statement. A federal jury in Delaware found on 13 October that Arm breached its licensing agreement with Qualcomm. It also […]

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SpaceX’s ambitious, expensive gamble to replace AT&T, T-Mobile, and Verizon

Business, Decoder, Digital Marketing, Elon Musk, Mobile, Podcasts, SEO Tips, Technology /
Today, I’m talking with Walter Piecyk, a partner and analyst at LightShed Partners who covers tech, media, and telecom, about SpaceX’s recently announced plan to become a major wireless carrier. Last week, SpaceX agreed to buy a big chunk of low-band spectrum to expand the Starlink network, spectrum that’s been traded around the telecom business […]

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Japan puts up to $21bn into two GlobalFoundries chip fabs in New York

Apple, Business, Deep tech, Digital Marketing, semiconductors, SEO Tips, Technology, United States /

“Right now, the whole industry is in short supply,” GlobalFoundries CEO Tim Breen told Bloomberg. Japan will put up to $21bn into two new chip factories at GlobalFoundries’ site in Malta, New York, the company announced on 14 October. GlobalFoundries (GF) will run both plants as technology provider and operator. The money comes from Japan’s […]

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Gartner warns $3.5tn of AI infrastructure spending is at write-down risk

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“All of them want to be the full-stack. They can’t all be,” Gartner analyst Will Sommer told Bloomberg. More than $3.5tn of AI infrastructure spending faces possible impairment by the end of 2030, Gartner said on 14 October. That would happen if AI providers keep spending at their current pace. Companies must write down impaired […]

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China’s CXMT swings to a nearly $20B profit as memory prices soar

Asia, Business, China, Deep tech, Digital Marketing, SEO Tips, Technology /

Chinese memory chipmaker CXMT expects a net profit of 131B to 132.5B yuan ($19.6B to $19.8B) for January to September, compared with a 5.3B yuan loss a year earlier. Revenue jumped to 265B to 270B yuan as AI demand caused memory shortages. Its chairman also proposed a share buyback of up to 2B yuan. Chinese […]

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Kroger will cut 37% of its corporate workforce as it leans on technology

Artificial Intelligence, Business, Digital Marketing, Fintech and ecommerce, Future of work, SEO Tips, Technology, United States /

“Our company has more layers, more handoffs and more overhead than we need, so we are addressing this issue.” Kroger chief executive Greg Foran wrote this in a memo to staff on Monday, 12 October. The US supermarket chain will cut about 3,000 corporate roles over the next three years. It is leaning on technology […]

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Accenture caps staff Claude spending at $29 a month, 404 Media reports

Artificial Intelligence, Business, Corporates and innovation, Digital Marketing, Future of work, Next Featured, SEO Tips, Technology /

“Providing a WBS and obtaining a license does not guarantee indefinite or ongoing access to Claude.” Accenture gave its staff that warning in an internal announcement about Claude, Anthropic’s AI model. The consulting firm now pays only $29 a month per person for Claude use, Joseph Cox reported for 404 Media on 15 October. Some […]

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Apple’s iPhone Duo sells out in minutes, with deliveries pushed to 2027

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Delivery estimates for Apple’s first foldable, the $1,999 iPhone Duo, moved to January minutes after preorders opened on 16 October, across every colour and storage option. Store pickup stock for launch day also ran out. The phone goes on sale on 23 October. Shipping estimates for Apple’s first foldable phone, the iPhone Duo, slipped into […]

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