WeRide Inc. Secures $440.5 Million in Delayed US IPO
WeRide Inc., a Chinese self-driving automotive company, has successfully raised $440.5 million through its long-delayed US initial public offering and a private placement.
Articles for author: Market News
Amidst rising tensions, F1 drivers demand reforms to racing guidelines after controversial penalties cloud the sport’s spirit and fairness.
Formula 1 drivers are expressing frustration with racing rules after a controversial weekend in Austin. The penalty imposed on Lando Norris for overtaking Max Verstappen off-track has sparked significant debate, with many drivers calling for changes to the guidelines. While opinions differ on the best approach, most agree that adjustments are necessary for better racing. ...
Korea Zinc Soars Amid Stock Buyback and Takeover Bid Anticipation
Korea Zinc Co. shares surged again on Friday after a 30% rise on Thursday. The market is eagerly awaiting the results of a stock buyback initiated by Chairman Choi Yun-beom, aimed at countering a $12.5 billion takeover offer.
Nicolas Cage warns young actors at a festival about AI’s threat to their performances, urging them to protect their artistry.
At the Newport Beach Film Festival, Nicolas Cage expressed his deep concerns about artificial intelligence and its impact on Hollywood actors. He highlighted the rise of a new technology called “EBDR,” or employment-based digital replica, which could transform the way performances are created. Cage warned that studios could manipulate an actor’s appearance and voice, which ...
Celebrity Chef’s Restaurant IPO Revives South Korea’s Market at $215 Million
A chef known for a popular Netflix show has revitalized South Korea’s struggling IPO market. He just listed his restaurant chain, with his stake valued at $215 million.
Miles Brundage warns OpenAI and others are unprepared for AGI, emphasizing urgent action needed for safety and equitable benefits.
Miles Brundage, a senior advisor for AGI readiness at OpenAI, is leaving the company. He warns that neither OpenAI nor any other AI labs are prepared for artificial general intelligence, which is AI that can think and learn like a human. In his Substack post, he emphasizes that significant gaps remain in readiness, which aren’t ...
Miles Brundage warns OpenAI and others: the world is unprepared for artificial general intelligence’s arrival, urging urgent policy discussions.
Miles Brundage, a senior advisor at OpenAI, is leaving the company and has raised concerns about the readiness for artificial general intelligence (AGI). He believes that not only OpenAI but all advanced AI labs are unprepared for AGI, which could match human intelligence. In his departure announcement, he emphasized the need for effective policies and ...
Oil Prices Stabilize Amid Middle East Tensions and Supply Concerns
Oil prices steadied today after a two-day decline, as traders remained focused on geopolitical tensions in the Middle East and the overall supply outlook. Concerns over potential disruptions in oil supply are keeping market participants on alert.
WiseTech Global shares surge as CEO Richard White changes role
WiseTech Global Ltd. shares bounced back swiftly after CEO Richard White transitioned to a different role. This move comes as part of efforts to address serious allegations regarding his behavior towards women. Investors reacted positively, reflecting a renewed confidence in the company's leadership transition.
Box partners with AWS to integrate Amazon Bedrock, enabling users to harness generative AI for enhanced data management and applications.
Box users can now leverage Amazon Bedrock to create applications tailored to their data and foundation models, with initial support for Anthropic’s Claude and Amazon’s Titan. This integration results from a newly strengthened partnership between Box and AWS, which aims to enhance the Box Intelligent Content Cloud’s value. Businesses of all sizes can now harness ...
