Snowflake is Negotiating a $1 Billion Acquisition of Reka AI
According to the sources, Snowflake Inc. is in negotiations to buy startup Reka AI for more than $1 billion, increasing the software maker's endeavor to provide generative AI capabilities. Large
Vercel’s Recent $250 Million Funding Round Elevates its Valuation to $3.25B
Vercel Inc., a $3.25 billion company, helps developers create web applications more quickly by facilitating the frontend development process. The company has raised $250 million in new capital. Alphabet Inc.'s
SoftBank’s Arm is on Track to Introduce AI Chips by 2025
The sources claim that as the race for the top spot in artificial intelligence processors intensifies, SoftBank Group subsidiary Arm plans to launch AI chips by year's end. By spring
Immigration is Surprising Everyone by Boosting the Economy
Policymakers are increasingly attributing the robust performance of the U.S. economy in 2023 to an influx of immigrants and a strengthened labor force. Despite widespread predictions of a recession, the
Despite 6% Profit Surge, JP Morgan CEO Cautions of Persistent Inflationary Impact
JPMorgan Chase (JPM) reported a 6% increase in profits in the first quarter, reaching $13.4 billion, surpassing Wall Street's expectations. However, CEO Jamie Dimon issued some cautionary remarks regarding the