Meta has announced a significant investment of $14.3 billion in Scale AI, a startup focused on artificial intelligence technologies. This investment values Scale AI at approximately $29 billion. […]
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Ripple and SEC Move Toward Final Resolution in Longstanding Legal Dispute
Ripple and the U.S. Securities and Exchange Commission (SEC) are nearing the resolution of their nearly five-year legal battle over the classification of XRP as a security. Both […]
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Shopify Collaborates with Coinbase and Stripe for Stablecoin Integration
Shopify has announced a landmark partnership with cryptocurrency platforms Coinbase and Stripe to integrate stablecoins into its payment ecosystem. This collaboration aims to enhance Shopify’s capabilities by enabling […]
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Scale AI Appoints New CEO Amid Leadership Transition
Scale AI is set to appoint Chief Strategy Officer Jason Droege as its next CEO following a significant multibillion-dollar investment from Meta Platforms Inc., according to sources familiar […]
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Ukraine’s drone success offers new insights into modern warfare
On June 1st, Ukraine executed a groundbreaking military operation using 117 drones, targeting Russian air assets across multiple locations. This marked a significant shift in modern warfare tactics, […]
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China’s “low-altitude economy” is taking off
The concept of a “low-altitude economy” is gaining momentum in China, with electric vertical take-off and landing (eVTOL) aircraft leading the charge. During a recent test flight in […]
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Elon Musk Announces Tesla’s Upcoming Robotaxi Service
Elon Musk has announced that Tesla’s much-anticipated robotaxi service will launch in Austin, Texas, on June 22. This autonomous vehicle (AV) service is central to Tesla’s future plans, […]
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Chime IPOs at $14.5B After Struggling to Secure VC Funding
Neobank Chime successfully went public on Thursday, raising $864 million in its IPO with shares priced at $27 each, exceeding its initial range of $24 to $26. This […]
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Oracle Reports Strong Earnings and Raises Cloud Growth Forecast
Oracle Corporation reported strong earnings, with shares jumping significantly following the announcement. The company exceeded revenue estimates, driven by robust demand for cloud services. Oracle’s CEO highlighted the […]
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Tesla Delays Robotaxi Debut Amid Public Concerns
Tesla has delayed the debut of its robotaxi program in Austin, raising questions about the technology’s readiness and public perception. Elon Musk tentatively plans to launch the robotaxi […]