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Is Perplexity AI Really Worth $14 Billion?
The AI startup Perplexity AI is reportedly in late-stage talks to raise $500 million at a staggering $14 billion valuation. That figure – first highlighted by The Wall Street Journal – would mark a meteoric rise for a company barely three years old, valuing it on par with well-established tech firms. Is this sky-high valuation […]<br /> The post Is Perplexity AI Really Worth $14 Billio [...]
Want to avoid a drone disaster? Don't skip your pre-flight and post-flight checklists
Drones can be pricey and most crashes are caused by user error. Doing proper pre- and post-flight checks can help you avoid accidents and extend the life of your tech. Here's everything not to skip. [...]
Just Eat Takeaway acquired for €4.1B in one of Dutch tech’s largest-ever deals
Europe’s biggest food delivery firm Just Eat Takeaway.com is set to be acquired by tech investor Prosus for €4.1bn, in one of the biggest acquisitions in the history of Dutch tech. Prosus — the investment arm of South African tech firm Naspers — has agreed to buy Just Eat Takeaway’s shares at €20.30 each in an all-cash offer. That’s a 22% premium over the delivery app’s recent th [...]
President Biden's rule restricting US AI chip exports has been rescinded
President Donald Trump's administration has undone one of the last regulations set by his predecessor. Today, the Department of Commerce rescinded the AI Diffusion Rule implemented by former President Joe Biden, a policy that restricted the export of US-made AI chips to select international markets. The rule was introduced by Biden's administration in January and slated to take effect on [...]
Blue Origin is cutting 10 percent of its workforce
Blue Origin, the SpaceX competitor founded and funded by Jeff Bezos, is cutting 10 percent of its employees or about 1,400 people, according to The Seattle Times and CNN. Staff were informed of the news by Blue Origin CEO Dave Limp, in an email reviewed by Engadget, who claims the layoffs are an attempt to address a lack of focus and an excessive amount of bureaucracy at the company.<br /> [...]