Reading Time : 2minutesCybersecurity startup Wiz has turned down a $23 billion acquisition offer from Google’s parent company, Alphabet, opting instead to pursue its original plan of an initial public offering (IPO). The deal, which would have been Alphabet’s largest acquisition to date, was rejected due to antitrust concerns and investor issues. Wiz CEO Assaf Rappaport acknowledged the difficulty of declining such a substantial offer but reaffirmed the company’s commitment to its independent growth strategy. Founded in 2020, Wiz has experienced rapid growth in the cloud security market, with its annual recurring revenue surpassing $350 million in 2023. The company now aims to reach $1 billion in annual recurring revenue before going public.
Reading Time : 2minutesBaidu’s Apollo Go robotaxi service is revolutionizing urban mobility in China, offering 24-hour autonomous rides in cities like Wuhan. Despite safety concerns and competition with traditional taxis, Apollo Go’s affordable fares and cutting-edge technology are driving its popularity. Baidu aims to expand its fleet and continue enhancing its autonomous driving capabilities, solidifying its leadership in the industry.
Reading Time : 3minutesArtificial intelligence has become a dominant force in the tech industry, with many questioning whether its rapid growth and massive valuations constitute
Reading Time : 2minutesAI is rapidly reshaping the landscape of corporate leadership, challenging traditional notions of management and decision-making. As organizations increasingly adopt AI tools,
Reading Time : 2minutesNvidia’s meteoric rise can be attributed to its cutting-edge graphics processing units (GPUs), which have become indispensable for training AI algorithms and powering innovative applications like image generators and chatbots.
Reading Time : 2minutesThis is a big step towards safe, abundant, zero-carbon energy,” Bill Gates said at the groundbreaking ceremony. “We’re not just going to build the one plant. We’re going to build a lot of these things.
Reading Time : 2minutesGenerative AI poses a significant energy consumption issue, asserts Sasha Luccioni, a machine-learning expert at Hugging Face. The inefficiency arises from the
Reading Time : 2minutesApple is gearing up to revolutionize its devices with AI enhancements, spotlighting a major upgrade to Siri and other innovative features. This AI infusion aims to enhance user experience across iPhones and other Apple products, promising more intuitive and efficient interactions.
Reading Time : 2minutesThe race to embrace Artificial Intelligence (AI) is driving significant investment, with business leaders feeling the pressure to stay ahead of the
Reading Time : 2minutesArtificial intelligence (AI) has emerged as a pivotal area of focus for companies seeking a strategic advantage. As the demand for AI
Reading Time : 2minutesThe intricate dance of the modern supply chain is a marvel of efficiency, but its complexity makes it vulnerable. From pandemics to
Reading Time : 3minutesThe Federal Reserve’s recent interest rate hike sent a wave of uncertainty through the business world. Borrowing becomes more expensive, making investments
Reading Time : 2minutesGeoffrey Hinton, a legend in the field of artificial intelligence (AI), recently issued a wake-up call to society. He predicts a future
Reading Time : 2minutesIT leaders are facing a chilling reality: cyberattacks are getting smarter, and traditional defenses may no longer be enough. A recent survey
Reading Time : 3minutesIn the dynamic realm of technology, the year 2023 has witnessed a transformative surge in smartphone evolution, with a focal point on
