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Wednesday, April 17, 2024
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Microsoft-backed Rubrik looks to raise up to $713 million in US IPO

(Reuters) -Cybersecurity software firm Rubrik, backed by Microsoft, said on Tuesday it was targeting a valuation of up to $5.44 billion in its U.S. initial public offering. Technology companies have

Bain proposes Japan’s Kioxia IPO to clear $5.8 billion loan refinance

By Miho Uranaka TOKYO (Reuters) -Bain Capital has proposed an initial public offering (IPO) of Japan's Kioxia Holdings as part of a plan to allow the money-losing chipmaker to refinance a $5.8 billion

Microsoft-backed Rubrik targets up to $5.4 billion valuation in US IPO

(Reuters) -Cybersecurity software firm Rubrik, backed by Microsoft, said on Tuesday it was targeting a valuation of up to $5.44 billion in its U.S. initial public offering. Technology companies have

Meta oversight board reviews handling of AI-created celebrity porn

By Katie Paul NEW YORK (Reuters) - Meta Platforms' Oversight Board is reviewing the company's handling of two sexually explicit AI-generated images of female celebrities that circulated on its

Microsoft to invest $1.5 billion in Emirati AI firm G42 for minority stake

DUBAI (Reuters) -Microsoft is investing $1.5 billion in United Arab Emirates-based artificial intelligence firm G42, giving the U.S. giant a minority stake and a board seat, allowing the two to deepen

Apple says it wants to spend more on suppliers in Vietnam

HANOI (Reuters) -Apple Inc wants to boost its investment in Vietnam, state media quoted the U.S. tech giant's CEO Tim Cook as saying in Hanoi on Tuesday, a day after the U.S. company said it wanted to

Intel to launch two AI chips for China with reduced capabilities

BEIJING (Reuters) - Intel will release two AI chips with reduced capabilities for the Chinese market, in order to comply with U.S. export controls and sanctions. The two chips, HL-328 and HL-388, are

Apple wants to spend more on suppliers in Vietnam, state media says

HANOI (Reuters) -Apple Inc wants to boost its investment in Vietnam, state media quoted the U.S. tech giant's CEO Tim Cook as saying in Hanoi on Tuesday. Vietnam is already a key manufacturing hub for

Ericsson sees sales stabilising soon after Q1 profit beat

By Olivier Sorgho (Reuters) -Ericsson said on Tuesday it expects sales to stabilise in the second half of 2024 amid signs some customers are looking to spend again, as the telecoms equipment maker

Apple wants to spend more on suppliers in Vietnam

HANOI (Reuters) - Apple Inc. CEO Tim Cook said on Tuesday in Hanoi the U.S. tech giant wanted to boost its investment in Vietnam, state media reported. Cook made the statement at a meeting with

On Camera

There’s too much Akshay Kumar on screen. Take a break and come back with a Hera Pheri

Every few months, a new release raises the question: Can this film save Akshay Kumar’s career? So far, the answer has been a resounding no.

Pilots, engineers, maintenance crew — skilled worker shortages add to crisis in aviation sector

India’s aviation space is grappling with more than just a pilot deficit problem as industry experts highlight the need for the government and the aviation regulator to step in.

Indian Navy carries out maiden operation as CMF member, seizes 940 kg drugs in Arabian Sea

India became an associate member of CMF in July 2022 and a full member last November; another engagement key to the country’s widening military diplomacy.

44 years on, two things that have changed in Modi’s BJP, and one that hasn’t

As the BJP heads for a likely third successive term in power, it's fascinating to debate how true it looks to the original proposition: a party with a difference.