To be honest, I thought Elon Musk would confidentially file for SpaceX's IPO on the 20th of this month, rather than the 1st.
Employees across the US, India, Canada, and Mexico woke up on 31 March to termination emails from “Oracle Leadership” with no prior warning. TD Cowen estimates the cuts will affect 18% of Oracle’s 162,000-person workforce and free up $8-10 billion to fund AI infrastructure. Oracle has not confirmed the total number. Oracle began executing what […]
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The wool sneaker brand that briefly hit a $4 billion valuation in 2021 has agreed to sell all its assets and IP to American Exchange Group. The company is dissolving. Shares jumped 36% after-hours because $39M is still a premium over where they were already trading. Allbirds has agreed to sell all of its intellectual […]
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Company establishes dominant position on world’s largest retail platform while building multi-channel distribution strategy Innovative Eyewear, Inc. (NASDAQ: LUCY) has emerged as the clear category leader in the rapidly growing smart safety glasses segment, capturing approximately 44% market share on Amazon.com according to recent market analysis. This dominant position on the world’s most popular retail […]
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The nonprofit that controls OpenAI has outlined four programme areas, Alzheimer’s, jobs, AI resilience, and community, and brought on two senior hires to run the biggest of them. The gap between its charitable history and its new ambitions is the most striking number in their announcement. When OpenAI moved its operational activities into a for-profit […]