Lim Hui Jie / CNBC:
Shares of Swiggy opened up ~8% on their trading debut after the company raised $1.34B in its IPO, which became the second largest IPO in India this year — Shares of Indian food delivery giant Swiggy rose nearly 8% on their trading debut Wednesday after its IPO became the country’s second largest this year.
Dogecoin spikes ~20% after Donald Trump announced the creation of the Department of Government Efficiency or DOGE; Dogecoin is up 153% since Election Day (Tanaya Macheel/CNBC)
Tanaya Macheel / CNBC:
Dogecoin spikes ~20% after Donald Trump announced the creation of the Department of Government Efficiency or DOGE; Dogecoin is up 153% since Election Day — Dogecoin shot higher on Tuesday night, extending its postelection surge after President-elect Donald Trump formally announced the creation …
Rivian and VW finalize a software development joint venture; VW has invested $1B of its planned up to $5.8B by 2027 in the JV designed to be a 50-50 partnership (TechCrunch)
TechCrunch:
Rivian and VW finalize a software development joint venture; VW has invested $1B of its planned up to $5.8B by 2027 in the JV designed to be a 50-50 partnership — Rivian and Volkswagen Group have finalized a multi-billion-dollar joint venture to develop software, paving …
Perplexity says it will begin experimenting with ads on its platform in the US starting this week; ads will be formatted as “sponsored follow-up questions” (Kyle Wiggers/TechCrunch)
Kyle Wiggers / TechCrunch:
Perplexity says it will begin experimenting with ads on its platform in the US starting this week; ads will be formatted as “sponsored follow-up questions” — AI-powered search engine Perplexity says it’ll begin experimenting with ads on its platform starting this week.
Vega, which is developing AltOS, a platform to help alternative asset managers further their distributions, raised a $20M Series A led by Apollo and Motive (Irene Garcia Perez/Bloomberg)
Irene Garcia Perez / Bloomberg:
Vega, which is developing AltOS, a platform to help alternative asset managers further their distributions, raised a $20M Series A led by Apollo and Motive — – Vega is scaling a tech platform for alternative asset managers — Apollo, Motive Partners lead $20 million Series A funding
Modern Times Group agrees to acquire Tel Aviv-based mobile game maker Plarium for $620M and up to $200M more if Plarium hits financial targets over 2025 to 2028 (Dean Takahashi/VentureBeat)
Dean Takahashi / VentureBeat:
Modern Times Group agrees to acquire Tel Aviv-based mobile game maker Plarium for $620M and up to $200M more if Plarium hits financial targets over 2025 to 2028 — Modern Times Group has agreed to buy Plarium, the maker of RPG Raid: Shadow Legends, from Aristocrat Leisure for $620 million.
PointFive, which helps companies track usage across multiple clouds, raised a $20M Series A led by Salesforce Ventures, after raising a $16M seed in June 2024 (Ingrid Lunden/TechCrunch)
Ingrid Lunden / TechCrunch:
PointFive, which helps companies track usage across multiple clouds, raised a $20M Series A led by Salesforce Ventures, after raising a $16M seed in June 2024 — Enterprise spend on cloud services continues to go up, up, up — to the tune of $675 billion this year — thanks …
SoftBank’s telecom unit plans to build an AI supercomputer in Japan using Nvidia’s DGX B200 platform, and a follow-up effort featuring the Grace Blackwell chip (Bloomberg)
Bloomberg:
SoftBank’s telecom unit plans to build an AI supercomputer in Japan using Nvidia’s DGX B200 platform, and a follow-up effort featuring the Grace Blackwell chip — – Nvidia’s highly anticipated Blackwell line will power machine — The two companies deliver the news from AI Summit in Tokyo
FrontierMath, a new benchmark for evaluating AI model’s advanced mathematical reasoning, shows current AI systems solve less than 2% of its challenging problems (Michael Nuñez/VentureBeat)
Michael Nuñez / VentureBeat:
FrontierMath, a new benchmark for evaluating AI model’s advanced mathematical reasoning, shows current AI systems solve less than 2% of its challenging problems — Artificial intelligence systems may be good at generating text, recognizing images, and even solving basic math problems …
Air National guardsman Jack Teixeira is sentenced to 15 years for stealing classified information from the Pentagon and sharing it on Discord in 2022 and 2023 (NBC News)
NBC News:
Air National guardsman Jack Teixeira is sentenced to 15 years for stealing classified information from the Pentagon and sharing it on Discord in 2022 and 2023 — The former Massachusetts Air National Guard member pleaded guilty in March to leaking highly classified military documents online, including about the war in Ukraine.
