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Media
TikTok’s parent company, ByteDance, is valuing itself at around $300 billion as it launches its latest share buyback program, according to people familiar with the matter and a document reviewed by Reuters. The Beijing-based tech giant has approached investors in recent weeks with an offer to repurchase shares at
Semiconductors
Malaysia has taken a significant step forward in its technological aspirations with the development of its first homegrown edge AI processor. Local chip design firm SkyeChip announced the debut of the MARS1000 processor at an industry event on Monday, according to Bloomberg. While edge AI processors are not as powerful
Healthcare
Assort Health, a startup using artificial intelligence to automate patient communication for specialty healthcare practices, has raised about $50 million in a Series B round at a valuation of $750 million, according to three people familiar with the deal. The financing, led by Lightspeed Venture Partners, comes just four months
Telecommunications
EchoStar Corp. has struck a deal to sell spectrum licenses worth about $23 billion to AT&T Inc., a move aimed at shoring up the satellite telecommunications company’s finances while alleviating regulatory scrutiny over its unused airwaves. Announced Tuesday, the all-cash transaction will hand AT&T about
Pharmaceutical
AbbVie has agreed to acquire an experimental depression treatment from Gilgamesh Pharmaceuticals in a deal worth up to $1.2 billion, marking a significant step in the drugmaker’s push into next-generation psychiatric medicines. Under the agreement, AbbVie will acquire Gilgamesh’s lead asset, bretisilocin (GM-2505), an investigational therapy for
Energy
U.S. shale producer Crescent Energy announced on Monday that it will acquire smaller rival Vital Energy in an all-stock transaction valued at $3.1 billion, including debt. The move underscores the drive for scale among U.S. oil and gas producers, even as industry dealmaking slowed in the second
Food
Keurig Dr Pepper (KDP) is making a bold bet on coffee. The U.S. beverage giant announced Monday it will acquire Dutch coffee and tea company JDE Peet’s in a deal valued at roughly €15.7 billion ($18.4 billion), a move aimed at reviving its struggling coffee division
Artificial Intelligence (AI)
Meta is teaming up with AI startup Midjourney in a licensing deal that could reshape the social media giant’s generative AI strategy. The partnership, announced Friday by Meta Chief AI Officer Alexandr Wang in a Threads post, will bring Midjourney’s cutting-edge image and video generation technology into Meta’
Artificial Intelligence (AI)
As artificial intelligence continues to reshape how enterprises operate, Apple is preparing to give businesses greater control over how their employees use AI in the workplace. With its upcoming software updates arriving in September, Apple is introducing new enterprise-focused tools — including the ability to configure access to OpenAI’s ChatGPT
Artificial Intelligence (AI)
Apple may be turning to one of its biggest rivals for help in reimagining Siri. According to a report from Bloomberg’s Mark Gurman, the company is in active discussions with Google to integrate its Gemini AI technology into the iPhone’s voice assistant. The move comes as Apple faces
Semiconductors
The U.S. government is set to acquire a 10% ownership stake in Intel, President Donald Trump told reporters on Friday, in a move that would mark a rare departure from traditional American economic policy. The announcement, first reported by Bloomberg, sent Intel’s stock soaring more than 7% during
Transportation
Waymo has secured a landmark permit to test its self-driving vehicles in New York City, marking the first time the city has authorized such trials. The company confirmed to TechCrunch that testing will begin “immediately.” Under the permit, Waymo is allowed to deploy up to eight of its Jaguar I-Pace