Emmett Shear, former CEO of Twitch, is venturing into the world of artificial intelligence with a new stealth startup called Stem AI, reports TechCrunch. Public documents reveal that the company was incorporated in June 2023 and filed for a trademark in August of the same year. Shear is listed as
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A group of Dutch technology companies, including chip equipment maker ASML, will contribute approximately $230 million to a fund aimed at developing infrastructure in the Eindhoven region of the Netherlands, reports Reuters. This move aligns with "Operation Beethoven," a government initiative to invest €2.5 billion ($2.
Ant Group, the fintech affiliate of Alibaba, has poured cold water on speculation that it is preparing to relaunch its initial public offering (IPO), according to a statement released Thursday on its Weibo account. The company said it "currently has no plans to go public, and there are no
Databricks, the US-based data analytics and AI company, has secured $10 billion in funding, marking the largest venture capital deal of the year in the US and valuing the company at $62 billion, reports Reuters. The mega-round was led by some of the largest and most active technology investors in
Japanese startup Space One has experienced a setback in its quest to become Japan's first private company to orbit a satellite, with its latest rocket launch ending in an abort, reports Nikkei Asia. The failure marks the second such incident for the company this year.
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