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Cerebras files updated IPO terms: $3.5bn raise at $26.6bn valuation

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Three days after suggesting it might target up to $4bn at $40bn, the AI chipmaker has marketed 28 million shares at $115-$125 each, lining the deal up with its February private valuation rather than above it. Cerebras Systems was preparing to seek up to $4bn at a roughly $40bn valuation in its long-awaited initial public […]

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Cerebras files updated IPO terms: $3.5bn raise at $26.6bn valuation Read More »

UCB pays up to $2.2bn for Candid Therapeutics, doubling down on T-cell engagers in autoimmune disease

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The Belgian pharma is buying a two-year-old San Diego biotech for $2bn upfront, the second TCE bet it has placed in months. The thesis: B-cell killers built for cancer can rewire how autoimmune diseases are treated. Candid Therapeutics is two years old. It does not have an approved drug. Its lead programme has been tested […]

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UCB pays up to $2.2bn for Candid Therapeutics, doubling down on T-cell engagers in autoimmune disease Read More »

Anthropic and Wall Street are building a $1.5bn pipeline into private equity

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A joint venture with Blackstone, Hellman & Friedman, Goldman Sachs, and General Atlantic will sell Claude into the buyout firms’ portfolio companies. OpenAI’s DeployCo arrived first; this one is bigger. There is a kind of business school question that has been quietly answered over the past month, without anyone formally asking it. The question is: […]

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Anthropic and Wall Street are building a $1.5bn pipeline into private equity Read More »

Meta would rather leave New Mexico than rebuild its apps for kids

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A bench trial in Santa Fe could force algorithm changes, age verification, and a $3.7bn mental health fund. Meta has threatened to pull Facebook and Instagram from the state instead. In March, a New Mexico jury reached a verdict that no American jury had reached before. Meta, the company once known as Facebook, had violated […]

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Meta would rather leave New Mexico than rebuild its apps for kids Read More »

Samsung swaps its TV chief for the first time in two years as TCL closes in

Digital Marketing, Insider, Next Featured, Samsung, SEO Tips, Technology /

Won-Jin Lee, a marketing veteran, takes over the Visual Display business after a quarter of declining TV profits. His predecessor moves to AI and robotics. Samsung Electronics has changed the head of its television business for the first time in more than two years, an unusually direct admission that something is not quite right at […]

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Samsung swaps its TV chief for the first time in two years as TCL closes in Read More »

The US has banned the world’s best drones. It has not figured out how to make them.

Digital Marketing, Drones, Next Featured, SEO Tips, Technology, United States /

Skydio, the largest American drone manufacturer, announced in late April that it would invest $3.5 billion over five years to expand US drone production, open a factory five times larger than its current facility, create more than 2,000 direct jobs and 3,000 supplier jobs, and build a domestic component supply chain through an initiative it […]

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The US has banned the world’s best drones. It has not figured out how to make them. Read More »

OpenAI just turned ChatGPT into the backend for the most popular open-source project in history. Anthropic banned it.

Digital Marketing, Insider, Next Featured, OpenAI, openclaw, SEO Tips, Technology /

  Sam Altman posted on X at 2:33 a.m. on 2 May: “you can sign in to openclaw with your chatgpt account now and use your subscription there! happy lobstering.” The announcement, delivered with the casual register of a founder pushing a minor product update, is anything but minor. OpenAI has made its ChatGPT subscription […]

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OpenAI just turned ChatGPT into the backend for the most popular open-source project in history. Anthropic banned it. Read More »

Tesla is selling Chinese-made cars in Canada to escape the tariffs that both China and America imposed on it

Digital Marketing, Electric vehicle, Next Featured, Politics, SEO Tips, Technology /

Tesla is now selling Chinese-made Model 3 sedans in Canada at the lowest price the car has ever been offered in the country. The Model 3 Premium RWD, manufactured at Giga Shanghai, starts at C$39,490, roughly US$29,000. Two months ago, the cheapest Model 3 available in Canada was the Long Range AWD built at Tesla’s […]

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Tesla is selling Chinese-made cars in Canada to escape the tariffs that both China and America imposed on it Read More »

The Academy has not banned AI from the Oscars. It has defined what it means to be the author of a film.

Digital Marketing, Insider, Movies, Next Featured, SEO Tips, Technology /

The Academy of Motion Picture Arts and Sciences announced new eligibility rules on 2 May for the 99th Academy Awards, and the two that matter most are about seven words each. Acting nominations will be limited to roles “demonstrably performed by humans with their consent.” Screenplays must be “human-authored.” Producers will be required to sign […]

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The Academy has not banned AI from the Oscars. It has defined what it means to be the author of a film. Read More »

Every AI company now wants to ride shotgun. The car dashboard is becoming the last screen that matters.

Cars, Digital Marketing, Next Featured, SEO Tips, Technology /

The Grok iOS app now contains a placeholder that reads “Grok Voice mode coming soon to CarPlay.” It is a single line of interface text, and it means that Elon Musk’s AI chatbot is about to follow ChatGPT and Perplexity onto the car dashboards of every iPhone user in the world. The car, it turns […]

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Every AI company now wants to ride shotgun. The car dashboard is becoming the last screen that matters. Read More »

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