Elon Musk’s xAI company is seeking up to $1 billion in investments
Illustration by Kristen Radtke / The Verge; Getty Images xAI — the AI company founded by Elon Musk — seeks to raise up to $1 billion in equity investments, according to a filing with the Securities and Exchange Commission (as spotted by CoinDesk). The company has raised $134.7 million so
Read moreFiat’s new EV looks like the anti-Cybertruck
Last week, Tesla dropped details on the Cybertruck and maxed-out Cyberbeast. After all that talk of supersized trucks, the North American release of the Fiat 500e buggy hits like a frosty mug of ice water. Fiat’s owner, Stellantis, said it would bring the popular li’l EV to North America next
Read moreAmazon’s Project Kuiper: Using LEOs to eliminate the digital divide
It is called Project Kuiper and last week at AWS re:Invent 2023, it was hailed by Amazon Web Services (AWS) chief executive officer (CEO) Adam Selipsky as a technology breakthrough that will “provide coverage in places that have had never had coverage before.” Selipsky made the statement during the conclusion
Read moreIBM launches Quantum System Two, powered by new Heron processor
At the IBM Quantum Summit Monday in New York, IBM launched IBM Quantum Heron, a 133-qubit processor that it said offers up to a five-fold improvement in error reduction over its predecessor. The new processor powers IBM Quantum System Two, which was also unveiled at the event. The company’s first
Read moreX is now licensed for payment processing in a dozen US states
Elon Musk is moving forward with his plans to turn the company formerly known as Twitter, now called X, into an “everything app” that includes its own payments system. The company in late November was granted three additional money transmitter licenses in the U.S. states of South Dakota (on Nov.
Read moreTC+ Roundup: Amazon is not the AI leader
Amazon has been No. 1 in the cloud for years but now finds itself playing catch-up to Microsoft when it comes to AI. © 2023 TechCrunch. All rights reserved. For personal use only.
Read moreCoffee Briefing Dec. 5 – OpenText to divest AMC to Rocket Software; Global companies hiring Canadians; Bell and ServiceNow partner; and more
Coffee Briefings are timely deliveries of the latest ITWC headlines, interviews, and podcasts. Today’s Coffee Briefing is delivered by IT World Canada’s editorial team! Missed last week’s Coffee Briefing? We’ve got you covered. New data finds companies around the world are hiring Canadians Source: Deel Data from online HR company Deel
Read moreTwilio might actually deserve activist investor attention
Twilio's stock has fallen from $400 a share in 2021 to somewhere in the $60s today. It's no wonder activist investors are circling. © 2023 TechCrunch. All rights reserved. For personal use only.
Read moreCompetition Bureau to investigate Rogers’ marketing claims about its ‘Infinite’ unlimited data plans
The Competition Bureau is investigating whether the marketing claims made by Rogers that its Infinite wireless phone plans have unlimited data are deceptive. The Federal Court of Canada has, therefore, granted the Competition Bureau a court order requiring Rogers to produce records and information pertaining to that investigation. Rogers launched
Read moreWhy does MasterClass work? with David Rogier from MasterClass
Welcome back to Found, where we get the stories behind the startups. This week Becca and Dom are joined by David Rogier, the founder and CEO of MasterClass, the streaming service where users can learn from experts on a variety of subjects from baking to basketball. Rogier talked about leaving
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