(Reuters) -Software startup ServiceTitan is seeking a valuation of up to $5.95 billion in its U.S. initial public offering by raising the price at which it plans to sell shares, it said on Tuesday, amid a revival in the capital market for new listings in 2024. The company said it would still sell 8.8 million…
(Reuters) – Alphabet’s Google, along with TPG Rise Climate and other investors, is backing clean energy developer Intersect Power as part more than $800 million funding round, the company said on Tuesday. Google’s capital investment in Intersect Power comes as the tech giant, like other “hyperscalers” including Microsoft and Meta, races to bolster its domestic…
NEW YORK (Reuters) -Super Micro Computer Chief Executive Charles Liang on Tuesday said he is confident the technology company’s stock will not be delisted from the Nasdaq. On the sidelines of the Reuters NEXT conference in New York, Liang said Super Micro would file its necessary financial reports by February. The embattled company received a…
(Reuters) – Walgreens Boots Alliance is in talks to sell itself to private equity firm Sycamore Partners, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The pharmacy chain and Sycamore have been discussing a deal that could be completed early next year, assuming talks don’t fall apart, the report added….
(Reuters) – Shares of Google parent Alphabet rose about 5% on Tuesday after it unveiled a new generation chip that the company said helped overcome a key challenge in quantum computing. Google on Monday introduced a new chip called Willow, which solved in five minutes a computing problem that would take a classical computer more…
By Stephen Nellis SANTA BARBARA, California (Reuters) – Google on Monday said that it has overcome a key challenge in quantum computing with a new generation of chip, solving a computing problem in five minutes that would take a classical computer more time than the history of the universe. Like other tech giants such as…
By Nora Eckert DETROIT (Reuters) – Stellantis’ former head of Ram is returning to the company just months after announcing his retirement, as the automaker seeks to strengthen its leadership team following the unexpected resignation of CEO Carlos Tavares. Stellantis confirmed on Monday that Timothy Kuniskis would resume his position as CEO of Ram, one…
(Reuters) – Reddit is testing an AI-powered feature called Reddit Answers, which scours posts on the social media platform to answer users’ queries, it said on Monday. The feature would make it easier for users to find information posted on the platform while helping Reddit compete better with search engine rivals and AI startups such…
By Stefania Spezzati LONDON (Reuters) – The UK’s Financial Conduct Authority is scrutinising allegations that some former Credit Suisse employees shared confidential information over the WhatsApp messaging platform, documents seen by Reuters show. The FCA, which regulates financial firms in the United Kingdom, is reviewing the conduct of several Credit Suisse staff in its roughly…
By Tim Reid and Jason Lange WASHINGTON (Reuters) – Elon Musk spent over a quarter of a billion dollars to help Donald Trump win November’s presidential election, according to new filings, underscoring the influence one of the world’s wealthiest people had on this year’s White House race. The billionaire owner of electric car maker Tesla…
