Technology - CybAI news

15 Aug

Turkish Fintech Colendi Raises Funds at $700 Million Valuation

stp2y0 CommentsRAG modelsBanking, FINBERG, fintech, MIGROS TICARET A.S, North America, RE-PIE ASSET MANAGEMENT CO, SEPIL VENTURES, startups, Technology, turkey, Valuation

Turkey’s fintech startup Colendi raised $65 million in fresh funding from a group of investors including Citicorp North America Inc. at a valuation of $700 million.Apart from Citicorp, Migros Ticaret AS, Sepil Ventures, Re-Pie Asset Management, Finberg and Hedef Holding participated in the Series B round, according to Bulent Tekmen, co-founder and chief executive office of Colendi, formally known as Colendi Yapay Zeka ve Buyuk Veri Teknoloji Hizmetleri AS. Existing investors also took part in the round, he said. Source link lol

15 Aug

Starlink Competitor AST Soars After Confirming Satellite Launch

stp2y0 CommentsRAG modelsAST SPACEMOBILE INC, AT&T INC, Elon Reeve Musk, Federal Communications Commission, Florida, regulation, Scott Wisniewski, smartphone, Technology, VERIZON COMMUNICATIONS INC, Wireless

AST SpaceMobile Inc. jumped more than 50% to close at a record high after the satellite communication company confirmed an early September window for its inaugural commercial launch of a network in low-Earth orbit.The Midland, Texas-based company is working with partners including AT&T Inc. and Verizon Communications Inc. on a plan to provide wireless service from space to regular consumer smartphones, a market also being targeted by SpaceX’s Starlink. The stock surge places AST SpaceMobile’s market value at more than $8 billion. Source link lol

15 Aug

Nvidia-Backed Cohesity Is Profitable, With 26% Revenue Growth

stp2y0 CommentsRAG modelsCash Flow, Government, infrastructure, IPOs, Markets, NVIDIA CORP, regulation, Sanjay J Poonen, startups, Technology, Utilities

Data security and management startup Cohesity is profitable and experienced revenue growth of 26% for its latest fiscal year, Chief Executive Officer Sanjay Poonen said in an interview on Bloomberg Television.Cohesity is backed by the SoftBank Vision Fund and Nvidia Corp. The company closed the fiscal year with $549 million in revenue, representing 26% growth from a year prior, Poonen said. It also turned free cash flow positive. Source link lol

15 Aug

Autodesk Executives Ignored Accounting Risks, Documents Show

stp2y0 CommentsRAG modelsAUTODESK INC, Cash Flow, Debbie Clifford, engineering, Executives, jobs, Software Company, STARBOARD VALUE LP, Steve Blum, Technology, US Securities and Exchange Commission

Autodesk Inc. continued to use a controversial sales strategy after promising investors it would stop and ignored internal warnings about the risks of doing so, according to previously unreported internal documents.The yearslong strategy involved offering discounts to certain corporate customers willing to pay up front for large multiyear contracts. In an effort to provide more predictable cash flow and wean itself off of the discounts, the engineering software company in 2021 pledged to halt the practice. Source link lol

15 Aug

Applied Materials Forecast Meets Estimates as AI Fuels Growth

stp2y0 CommentsRAG modelsAPPLIED MATERIALS INC, artificial intelligence, Auto Industry, Earnings, Gary E Dickerson, INTEL CORP, NXP SEMICONDUCTORS NV, SAMSUNG ELECTRONICS CO LTD, software, TAIWAN SEMICONDUCTOR MANUFAC, Technology

Applied Materials Inc., the largest US maker of chip-manufacturing equipment, delivered an in-line sales forecast that disappointed investors who’d been looking for a bigger payoff from artificial intelligence spending. Fiscal fourth-quarter sales will be about $6.93 billion, the company said in a statementBloomberg Terminal Thursday. That matched the average analyst estimate, according to data compiled by Bloomberg. Profit, minus certain items, will be roughly $2.18 a share. Analysts were projecting $2.15 for the period, which runs through October. Source link lol

15 Aug

USC Professor Lands $43 Million in Funding for AI Startup

stp2y0 CommentsRAG modelsALPHABET INC-CL A, artificial intelligence, AUTHORS GUILD/THE, infrastructure, MICROSOFT CORP, NEW YORK TIMES CO-A, privacy, SAMSUNG ELECTRONICS CO LTD, Southern California, startups, Technology

Sahara AI, a startup co-founded by a University of Southern California associate professor, has raised $43 million as it seeks to address thorny copyright and privacy issues surrounding artificial intelligence technology.The funding was led by Pantera Capital, Binance Labs and Polychain Capital and included investors such as Samsung, Matrix Partners, Nomad Capital as well as angel investors and founders from the industry, the startup said in a statement on Wednesday. It will deploy the capital to expand its team of experts and develop its technology. Source link lol

15 Aug

Musk’s Support for Far-Right Voices Is Sowing Discord in Europe

stp2y0 CommentsRAG modelsALPHABET INC-CL A, android, business, california, Donald John Trump, Elon Reeve Musk, europe, Government, politics, Technology, TWITTER INC, United Kingdom

The former Twitter, now Elon Musk’s X, has long played a role in the political discourse of countries around the world. Recently, its boss has given it a distinctive right lean. But first... Source link lol

15 Aug

Point72 Stake Sends Bitcoin Miner Higher as Short-Seller Attacks

stp2y0 CommentsRAG modelsartificial intelligence, bitcoin, Debt, Executives, finance, infrastructure, Markets, Paul B Prager, regulation, Technology, TWITTER INC

It’s Steve Cohen’s hedge fund versus an activist short-seller in the stock market today. And so far, Cohen is winning.Bitcoin mining company TeraWulf Inc. rallied as much as 18% on Thursday after Cohen’s Point72 Asset Management disclosed a 1.3% stake in the company in its second-quarter report to the Securities and Exchange Commission. The shares maintained most of those gains following a reportBloomberg Terminal published by Grizzly Research that accused the miner of enriching insiders at the expense of investors. Source link lol

15 Aug

Meta’s Threads Launches New Tools for Businesses and Creators

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Meta Platforms Inc.’s Threads is rolling out new features it says will make the social network more useful for businesses and digital creators. Threads users can now view data that provide insights into post metrics and follower demographics, and can write multiple drafts of posts, Meta said in a blog post Thursday. Another feature enabling users to schedule multiple posts days in advance is coming soon. The updates are being added to Threads’ web platform first and will eventually roll out on the mobile app. Source link lol

15 Aug

Edgar Bronfman to Prepare an Offer for Paramount Global

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Seagram Co. heir Edgar Bronfman Jr. is close to making an offer for Paramount Global that would compete with an accepted bid from Skydance Media, according to people familiar with his plans.Bronfman is considering an offer for National Amusements, the Redstone family company that controls Paramount, as well as an investment in Paramount itself, according to one of the people, who asked not to be identified discussing plans that aren’t public. The structure is still being worked on. Source link lol