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Ferrari CEO Benedetto Vigna used a round table in Modena on Thursday to defend the €550,000 ($640,000) price tag for the Luce, the company’s first fully electric vehicle. The car was unveiled on Monday. By Tuesday, Ferrari’s Milan-listed stock had fallen 8%. Vigna said the price was fair for innovation and that the Luce has […]
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Katelyn Watterson owes her career to a summer internship. As a student at American University, she spent a summer working for a high-end beauty brand in New York. Her boss offered her a full-time job over drinks at the Plaza Hotel. Almost two decades later, Watterson runs her own marketing agency, Fifty Six. At times, […]
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The year-old Dutch startup is folding in a seven-year-old performance-marketing platform, betting that customers want AI, automation and human specialists in one place. Most startups spend their first year trying to survive. Aizy has spent its first year buying a company older than itself. The Breda-based AI-marketing firm announced that it has acquired Uptmz, a […]
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The Delhi High Court held that letting competitors bid on the trademark ‘Hindware’ as an ad keyword is infringement, and that Google’s safe-harbour shield does not cover it. The business of search advertising rests on a quiet assumption: that a platform can auction off any word, including someone else’s brand name, and treat the legal […]
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An Indian court says Google can be liable for selling rivals a brand’s name Read More »
The world’s largest sovereign wealth fund does not often pick a fight with a company it owns. When it does, the size of the holder makes the gesture hard to ignore. Norges Bank Investment Management, which runs Norway’s $2.3 trillion oil fund, will vote in favour of shareholder proposals calling for a human-rights review at […]
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Norway’s $2.3tn fund backs a human-rights review at Palantir Read More »
The way to read the latest Anthropic financing is to notice who is not borrowing the money. Apollo Global Management and Blackstone are arranging roughly $36 billion of debt, but the loan does not sit on Anthropic’s balance sheet. It buys chips, and the chips get leased back. The two firms are bringing additional investors […]
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Apollo and Blackstone shop a $36bn debt deal to buy Anthropic its chips Read More »
SpaceX is targeting a valuation of at least $1.8 trillion in its initial public offering, down from the $2 trillion-plus it was aiming for as recently as April, according to Bloomberg. The target was adjusted after consultations with advisers and investors, and could still move higher depending on feedback during the formal marketing period, which is […]
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SpaceX has cut its IPO valuation target to $1.8 trillion as marketing begins next week Read More »
Blue Origin’s New Glenn rocket exploded during a static fire test at Cape Canaveral Space Force Station on Thursday night, sending a fireball into the sky and destroying the vehicle along with critical launch pad infrastructure. The explosion occurred at approximately 9pm EDT as engineers were counting down to a brief test firing of the […]
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Anthropic has released Claude Opus 4.8, an upgrade to its flagship AI model that the company says is more honest, more reliable in agentic tasks, and better at catching its own mistakes. The model is available immediately at the same price as its predecessor, $5 per million input tokens and $25 per million output tokens, […]
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Oura has launched the Ring 5, a smart ring that is 40% smaller than its predecessor and, at 6.09mm wide and 2.29mm thick, is the smallest smart ring on the market. The ring weighs as little as 2 grams depending on size, down from the Ring 4’s 7.99mm width and 2.88mm thickness. Despite the shrinkage, […]
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