During Apple’s Worldwide Developers Conference (WWDC) at the Apple Park campus in Cupertino, California, on June 5, 2023, Apple CEO Tim Cook delivered a speech which garnered substantial attention from tech enthusiasts around the world. In a remarkable feat, Apple’s market capitalization crossed the $3 trillion mark on Friday, with the stock price surging by …
Car-sharing service Turo, social media platform Reddit, and grocery delivery service Instacart have all submitted IPO filings, but none have gone public yet. Despite a strong rebound in tech stocks and a pipeline of companies waiting to go public, the IPO market has been relatively quiet. The lack of notable venture-backed tech IPOs since December …
Google faced criticism and backlash when it attempted to distance itself from a drag show in San Francisco featuring renowned performer “Peaches Christ.” Despite the company’s efforts, many Google employees attended the event and even booed their employer, perceiving it as succumbing to pressure from internal religious protests. Originally intended as a celebration of the …
Alex Zhavoronkov, founder and CEO of Insilico Medicine, and Feng Ren, co-CEO and chief scientific officer, at the company’s robotics lab in Suzhou, China. Source: Insilico Medicine The world witnessed a groundbreaking milestone as Insilico Medicine, a Hong Kong-based biotech startup with a massive $400 million funding, introduced the first-ever drug entirely generated by artificial …
The Pokemon Go phenomenon continues as players roam the Pasadena Playhouse District in search of Pokemon and other in-game items. However, Niantic, the mobile games developer based in San Francisco, recently announced a reorganization that includes laying off 230 employees. This move also involves the cancellation of NBA All-World and a Marvel-based title that was …
In this photo illustration, a Minecraft logo is visible on a smartphone screen. Pavlo Gonchar | SOPA Images | LightRocket | Getty Images In a new setback for Reddit, the developers of Minecraft, one of the most successful video games of all time, have decided to leave the platform. “Reddit management recently implemented changes that …
Amazon CEO Andy Jassy delivered a speech at the GeekWire Summit in Seattle on October 5, 2021. The anticipation of an antitrust lawsuit against Amazon by the Federal Trade Commission (FTC) has been growing, as reported by Bloomberg on Thursday. The focus of the complaint is expected to be Amazon’s online marketplace and how the …
A nonprofit organization funded by Republican philanthropist Peter Thiel has reportedly made a $3 million donation to a group that has supported left-leaning organizations and progressive elements within the Democratic Party. This information comes from tax documents that CNBC has obtained. The Thiel Foundation, which operates as a 501(c)(3) and is entirely financed by Thiel …
The latest smartphone from Nokia, the G42, offers innovative reparability features and 5G connectivity. Presenting HMD Global HMD Global, the manufacturer behind Nokia-branded smartphones, has unveiled a new device that empowers users to repair it themselves in case of damage to its parts. This purple smartphone can be repaired using components provided by iFixit, a …
Huawei Technologies Chief Financial Officer Meng Wanzhou expresses her surprise at the challenges of applying 5G technology to business. In her keynote session at the Shanghai Mobile World Congress, Meng highlights the underestimated complexity of integrating 5G into the ecosystem. She emphasizes that 5G is fundamentally different from previous generations and can only realize operations …