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tech/startups

Qualcomm Moves Closer to Acquiring Modular, a Startup Focused on AI Chips

Qualcomm Nears Acquisition of Modular Reuters, citing Bloomberg News, reports that Qualcomm is close to finalising a deal to acquire Modular, a startup that specialises in AI chip design. The move would expand Qualcomm’s portfolio in the rapidly growing artificial‑intelligence hardware market. What Modular Brings Modular has built

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A24 Secures $75 Million from Google to Develop AI Tools for Film Production

A24, the independent film studio known for titles such as Moonlight and The Florida Project, has announced a $75 million investment from Google. The funding will be used to develop AI‑driven tools aimed at improving various stages of film production, from pre‑production planning to post‑production editing. Google’

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Meta Replaces WhatsApp CEO with CRED Founder Kunal Shah

Meta has announced a leadership change at WhatsApp, appointing Kunal Shah, the founder of the Indian fintech company CRED, as the new chief executive officer. Shah will replace Will Cathcart, who is moving to a new role within Meta. The change comes as Meta continues to invest heavily in its

Getty Images Shares Surge Over 120% After Announcing Deal With OpenAI

Getty Images, a leading provider of stock photography, announced a strategic partnership with OpenAI that has immediately propelled its shares to new heights. The deal, which was disclosed in a recent Forbes article, saw the company’s stock soar more than 120% following the announcement, reflecting market enthusiasm for the

SpaceX Raises Capital with First Bond Sale Amid $100.8 B Cash Reserve

SpaceX (ticker: SPCX) has announced the launch of its first bond sale, a move that follows the company’s disclosure of a substantial $100.8 B cash reserve. The bond issuance is part of SpaceX’s broader strategy to secure long‑term financing for its growing fleet of launch vehicles

London Firms Face Skills Gap as AI Adoption Accelerates

London Firms Face Skills Gap as AI Adoption Accelerates A recent BBC report indicates that 50 % of London{{{{{{}}}}} 2024 firms are experiencing a skills gap as they try to keep pace with the rapid expansion of artificial intelligence technologies. The shortage spans data science, machine learning engineering, and AI strategy

AI Chatbot Founder Warns Tech Executives About Job Losses

AI Chatbot Founder's Warning A recent statement from an AI chatbot founder highlights concerns about job displacement in the tech sector. The founder acknowledges the validity of warnings about job losses but stresses that executives must focus on innovation and creating new roles to mitigate these impacts. The