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6:33 a.m. March 4, 2021 - By Tomi Kilgore
Moderna, IBM explore blockchain tech, AI to support 'smarter' management of COVID-19 vaccinesModerna Inc. and International Business Machines Corp. announced Thursday plans to work together to find technologies to support "smarter COVID-19 vaccine management." The technologies the companies will explore include artificial intelligence, blockchain and hybrid cloud, the companies said. "Moderna is committed to working with a coalition of partners to increase education and awareness of the importance of vaccination to help defeat COVID-19," said Michael Mullette, a managing director of North America commercial operations at Moderna. "We look forward to working with IBM to apply digital innovations to build connections between organizations, governments, and individuals to instill confidence in COVID-19 vaccines." Moderna's stock rose 1.6% in midday trading and IBM shares fell 0.7%, while the Dow Jones Industrial Average gained 118 points, or 0.4%. Moderna currently has one of three COVID-19 vaccines granted emergency use authorization by the Food and Drug Administration, the others being from Pfizer Inc. and BioNTech SE and Johnson & Johnson .
3:30 a.m. Feb. 8, 2021 - By Tomi Kilgore
Palantir stock shoots up after IBM partnership on AI offering for businessesShares of Palantir Technologies Inc. shot up 10.9% in premarket trading Monday, after the big-data software company announced a partnership with International Business Machines Corp. on open artificial intelligence applications for business. IBM's stock gained 0.9% ahead of the open. The companies will use IBM's hybrid cloud data platform and Palantir's operations platform for building applications to launch the Palantir for IBM Cloud Pak for Data, which will be available in March 2021. Palantir's stock rally comes after it fell 3.2% last week, to snap a four-week streak of gains in which the stock shot up 49.4%. The stock has rocketed 146.2% over the past three months through Friday, while IBM shares have gained 6.8% and the S&P 500 has advanced 10.8%.
5:32 p.m. Jan. 10, 2021 - By Tim Rostan
Baidu taps Geely as electric-vehicle partnerThe web-search and artificial-intelligence company Baidu , often described as China's answer to Google, has selected Geely as its automotive-industry partner for a long-anticipated move into electric vehicles. Geely, based in Hong Kong, owns the Volvo and Lotus brands, among others. Baidu shares have surged nearly 50% in the past month and nearly 90% in the past three months . "We believe that by combining Baidu's expertise in smart transportation, connected vehicles and autonomous driving with Geely's expertise as a leading automobile and EV manufacturer, the new partnership will pave the way for future passenger vehicles," said Robin Li, Baidu's CEO and co-founder, in a company . The partnership is reportedly to take the form of a stand-alone company.
1:11 p.m. Dec. 18, 2020 - By Aruna Viswanatha
Zoom executive in China charged with disrupting Tiananmen videoconference commemorations U.S. prosecutors say Xinjiang Jin worked with Chinese intelligence in a case highlighting the challenge of operating in the U.S. and ChinaFederal prosecutors charged a China-based executive at U.S. company Zoom Video Communications Inc.  with conspiring to disrupt videoconference commemorations of the crackdown on the 1989 Tiananmen Square democracy protests.
12:35 p.m. Dec. 18, 2020 - By Rob Copeland
Google offers free, weekly COVID-19 testing for employees Search giant rolls out testing to work-from-home staff; website crashesGoogle has come up with a new perk for Silicon Valley’s famously pampered workforce: Free, weekly, at-home COVID-19 testing.
6:59 a.m. Dec. 9, 2020 - By Tomi Kilgore
C3.ai's stock opens at more than double its IPO price, then adds to gainsC3.ai Inc. kicked off its public life Wednesday with a big bang, as the stock opened 138.1% above the initial public offering price. The , above the previously expected range, which was from between $31 and $34 a share. The California-based enterprise artificial intelligence (AI) software company raised $651 million in the IPO. The stock's first trade was at $100.00 at 11:54 a.m. Eastern for 2.5 million shares. At that price, the company was being valued at about $9.63 billion. The stock has added to gains since the open, and was last trading 145.0% above its IPO price. The company went public at a time that the Renaissance IPO ETF has soared 40.4% over the past three months while the S&P 500 has gained 8.8%.
1:09 a.m. Dec. 9, 2020 - By Tomi Kilgore
C3.ai IPO prices well above expected range, valuing company at more than $4 billionC3.ai Inc.'s initial public offering priced late Tuesday at $42 a share, well above the expected range, as the California-based enterprise artificial intelligence (AI) software company raised $651 million. The company had expected to raise up to $589 million earlier this week, when from between $31 and $34 a share. The IPO pricing values the company at $4.05 billion. The stock is expected to begin trading Wednesday on the NYSE under the ticker symbol "AI." The company is going public at a time that the Renaissance IPO ETF has soared 39.8% over the past three months while the S&P 500 has gained 8.9%.
3:11 a.m. Dec. 7, 2020 - By Tomi Kilgore
C3.ai increases expected pricing of IPO, boosted potential value of company to up to $3.7 billionC3.ai disclosed Friday that the expected pricing of its initial public offering has increased, which would boost what the California-based enterprise artificial intelligence (AI) software company could raise to $589 million. The 15.5 million share IPO is now expected to price between $36 and $38 a share, . With 96.33 million Class A and Class B shares expected to be outstanding after the IPO, the new pricing range could value the company at up to $3.66 billion. The company is looking to go public at a time that the Renaissance IPO ETF has soared 38.0% over the past three months while the S&P 500 has gained 7.9%.
1:38 a.m. Dec. 4, 2020 - By Tomi Kilgore
Upstart Holdings sets IPO terms, could be valued at up to $1.6 billionUpstart Holdings Inc. has set terms for its initial public offering, as the California-based cloud-based artificial intelligence lending platform looks to raise up to $198 million. The company is offering 9.0 million shares in the IPO, and selling shareholders are offering 3.02 million shares. The IPO is expected to price between $20 and $22 a share. With 72.46 million shares expected to be outstanding after the IPO, the company could be valued at up to $1.59 billion. The stock is expected to list on the Nasdaq under the ticker symbol "UPST." Goldman Sachs, BofA Securities and Citigroup are the lead underwriters. For the nine months ended Sept. 30, the company recorded net income of $4.96 million on revenue of $146.71 million, after a loss of $6.52 million on revenue of $101.62 million in the same-period a year ago. The company is looking to go public at a time that the Renaissance IPO ETF has surged 36.1% over the past three months while the S&P 500 has gained 7.0%.
6:42 a.m. Nov. 30, 2020 - By Emily Bary
ServiceNow to acquire Element AIServiceNow announced Monday morning that it plans to acquire Element AI, a company that uses artificial intelligence to analyze text, language, chat, images and other types of queries. Terms of the deal weren't disclosed in a release, but TechCrunch reported that the deal price . ServiceNow declined to comment on the financial terms of the deal. The company was founded in Montreal, and ServiceNow plans to create an AI Innovation Hub in Canada. "The new investment deepens ServiceNow's commitment to the Canadian market," ServiceNow said in its release. Shares of ServiceNow are off 0.6% in Monday morning trading. The stock has gained 86% so far this year as the S&P 500 has risen 12%.
1:51 a.m. Nov. 30, 2020 - By Tomi Kilgore
C3.ai sets terms for IPO, which could value the AI software company at over $3 billionC3.ai set terms of its initial public offering, in which the California-based enterprise artificial intelligence (AI) software company looks to raise up to $527 million. The company is offering 15.5 million Class A shares in the IPO, which is expected to price between $31 and $34 a share. With 93.39 million Class A and 3.50 million Class B shares expected to be outstanding after the IPO, the company could be valued at up to $3.29 billion. Morgan Stanly, J.P. Morgan and BofA Securities are the lead underwriters of the IPO. For the six months ended Oct. 31, C3.ai reported a net loss of $14.8 million on revenue of $81.8 million, after a loss of $29.1 million on revenue of $73.8 million in the same period a year ago. The company is looking to go public at a time that the Renaissance IPO ETF has rallied 31.2% over the past three months while the S&P 500 has gained 3.7%.
7:04 a.m. Nov. 19, 2020 - By Andrea Riquier
These are the ETFs with the most exposure to the year's best-performing stockSemiconductor behemoth Nvidia Corp. is the biggest gainer in the S&P 500 for the year to date, up 127%, heftily ahead of second-place West Pharmaceuticals Inc. , which has only gained 87%. The exchange-traded funds with the most exposure to Nvidia aren't pure-play chipmaker ETFs, however, and they have varying track records. The Global X Robotics and Artificial Intelligence ETF , with nearly 9% of its portfolio in the stock, has gained 41% so far in 2020. Nvidia shares make up a little over 8% of the VanEck Vectors Video Gaming & eSports ETF , which has gained over 64% this year. The Inspire 100 ETF , which says it invests in "inspiring, biblically aligned large companies," has 8% of its portfolio in Nvidia shares, and has returned 17% so far this year. The Pacer BioThreat Strategy ETF has a slightly bigger holding than the Inspire fund, but has only been open since late June.
2:30 a.m. Nov. 11, 2020 - By Emily Bary
IBM and AMD will work together on security, artificial intelligenceInternational Business Machines Corp. and Advanced Micro Devices Inc. announced Wednesday morning that they have entered a multi-year agreement focused on enhancing their security and artificial-intelligence offerings. "The joint development agreement will expand this vision by building upon open-source software, open standards, and open system architectures to drive Confidential Computing in hybrid cloud environments and support a broad range of accelerators across high-performance computing (HPC), and enterprise critical capabilities such as virtualization and encryption," the companies said in a release. Confidential Computing is a technology that allows for the encryption of data used to run virtual machines and it helps protect sensitive information. "Confidential Computing for hybrid cloud unlocks new potential for enterprise adoption of hybrid cloud computing, especially in regulated industries such as finance, healthcare and insurance," the companies said in their release. IBM shares are up 0.3% in premarket trading Wednesday, while AMD shares are up 1.4%. IBM shares have lost 12% so far this year as AMD's have risen 70%. The S&P 500 is up 10% in that span, and the Dow Jones Industrial Average , of which IBM is a component, is up 3%.
4:50 a.m. Nov. 9, 2020 - By Quentin Fottrell
I got a promotion and a raise, but my colleagues undermine me. How do I balance work and my happiness? ‘The role was an addition to my new group with responsibilities taken away from two of the other team members who have been doing this kind of work for quite some time’‘The role was an addition to my new group with responsibilities taken away from two of the other team members who have been doing this kind of work for quite some time.’
9:31 a.m. Nov. 5, 2020 - By J. Christopher Giancarlo
The future of money should be cashless — with a digital dollar giving faster, easier and cheaper access to your savings Central bank currency promises Americans economic and social benefits and helps the U.S. compete with ChinaCentral bank currency promises Americans economic and social benefits and helps the U.S. compete with China.
11:01 p.m. Nov. 2, 2020 - By Courtney Jespersen
How to shop smart in a new world of changing consumer habits A little detective work and strategizing will go a long wayThe best prices and first available inventory go to consumers who are more than just shoppers, they’re deal-hunting detectives.
4:33 a.m. Nov. 2, 2020 - By Tomi Kilgore
Coupa Software's stock slips after announced $1.5 billion deal to buy LLamasoftShares of Coupa Software Inc. fell 1.9% in morning trading Monday, after the enterprise software company announced a deal to buy AI-powered supply chain management company LLamasoft for $1.5 billion. "We are witnessing an unprecedented shift in what businesses are demanding to effectively manage their supply chains. They need instant visibility, agile planning capabilities, and timely risk mitigation support," said Coupa Chief Executive Rob Bernshteyn. "LLamasoft's deep supply chain expertise and sophisticated data science and modeling capabilities, combined with the roughly $2 trillion of cumulative transactional spend data we have in Coupa, will empower businesses with the intelligence needed to pivot on a dime." Coupa's stock has run up 79.6% year to date, while the S&P 500 has gained 2.3%.
11:38 a.m. Oct. 27, 2020 - By Emily Bary
Apple has acquired a video-focused AI company: reportApple Inc. has reportedly acquired Vilynx, an artificial-intelligence company based in Spain, . The report, which cites multiple unnamed sources, said that Apple scooped up Vilynx earlier this year and may use the company's AI and computer-vision technologies to analyze video content and improve the way Apple employs artificial intelligence in its apps. Apple told Bloomberg in a statement that it "buys smaller technology companies from time to time and we generally do not discuss our purpose or plans," according to the report. Bloomberg cited the deal price at about $50 million, citing its sources. Apple shares ended Tuesday's session up 1.4%. The stock has risen 23% over the past three months as the Dow Jones Industrial Average has gained 3.3%.
3:01 a.m. Oct. 13, 2020 - By Daniel Newman
An AMD-Xilinx deal would be fraught with more risk than the Nvidia-Arm tie-up Nvidia’s opportunity with Arm Holdings is clear. At AMD, there are more open questions if it buys Xilinx Nvidia’s opportunity with Arm Holdings is clear. At AMD, there are more open questions if it buys Xilinx.
5:47 a.m. Oct. 9, 2020 - Associated Press
Putin appears to hedge bets on U.S. presidential election in Russian state television interviewPutin’s comments, to Russian state television, seemed intended to serve multiple purposes: playing to Trump’s side by casting the Democrats in a pro-Moscow light, while at the same time hedging his bets by flirting with Biden’s camp in case he wins.
5:33 a.m. Oct. 5, 2020 - By Quentin Fottrell
Here’s what doctors are saying about Trump’s motorcade outside Walter Reed to wave at supporters ‘Every single person in the vehicle during that completely unnecessary presidential “drive-by” just now has to be quarantined for 14 days,’ James Phillips, an attending physician at Walter Reed, wrote on Twitter‘Every single person in the vehicle during that completely unnecessary Presidential “drive-by” just now has to be quarantined for 14 days,’ James Phillips, an attending physician at Walter Reed, wrote on Twitter.
5:06 a.m. Oct. 5, 2020 - By Emily Bary
Nvidia announces partnership with GSK focused on drug discoveryNvidia Corp. shares are up 3% in Monday trading after the company said it would partner with GlaxoSmithKline PLC to use computing and artificial intelligence for drug discovery. "GSK is leading the industry in defining the next generation of data-driven drug discovery by harnessing genetic and clinical data to bring more precision to research and medicine," Nvidia's healthcare vice president Kimberly Powell said in a release. The companies will work together to "put vast data sources to work to advance the discovery of new medicines and vaccines," she continued. Nvidia announced in a separate release that it was working to build the U.K.'s most powerful supercomputer, "which it will make available to U.K. healthcare researchers using AI to solve pressing medical challenges, including those presented by COVID-19." These announcements come after Nvidia revealed in September that it plans to acquire British chip company Arm Ltd. from Softbank Group Corp. in a deal valued at $40 billion in cash and stock. Nvidia shares have gained 129% so far this year as the S&P 500 has risen 4.5%.
12:20 p.m. Sept. 30, 2020 - Associated Press
Comey testifies before Senate committee as Republicans seek to keep origins of Trump-Russia probe front-and-center before election Former FBI director questions merit of ‘insight’ declassified by John Ratcliffe at Lindsey Graham’s apparent request that even Trump loyalist Ratcliffe concedes could be falseFormer FBI director questions merit of intelligence referenced in letter to Lindsey Graham that even Trump-loyalist DNI John Ratcliffe concedes may be false.
1:10 p.m. Sept. 29, 2020 - By Jon Swartz
VMware, Nvidia forge partnership to make AI chips easier for business useVMware Inc. and Nvidia Corp. on Tuesday announced a partnership to make VMware's software for managing data centers work more smoothly with Nvidia's artificial intelligence chips. The companies said they would give some customers early access to the technology but did not say when it would go on sale. For years, much of VMware's work focused on making software work better with processors from Intel Corp. , which had a dominant market share of data centers. Separately, VMware said it plans to acquire SaltStack Inc., which builds intelligent, event-driven automation software. Terms were not disclosed. "Nvidia has exploded on the scene, and today there are a whole bunch of AI use-case scenarios," VMware Chief Operating Officer Sanjay Poonen told MarketWatch. "We finally believed it was best for us and our customers to [team with Nvidia], and extend the work we've already done with them." He said the deal with Nvidia expands its total-available market and does not undercut its relationship with Intel.
4:07 p.m. Sept. 27, 2020 - Associated Press
Judge blocks Trump administration’s ban against TikTok from going into effect Ruling comes after 90-minute hearing Sunday; ban was set to take effect at midnightA federal judge issued an injunction late Sunday temporarily blocking the Trump administration from blocking TikTok from app stores in the U.S., hours ahead of a midnight deadline.
11:59 a.m. Sept. 25, 2020 - By Daniel Newman
Disappointed by Tesla’s Battery Day? The electric-car maker has been winning by playing the long game Tesla CEO Elon Musk is setting up the company for domination, which requires long-term plans that may disappoint in the short runTesla CEO Elon Musk is setting up the company for domination, which requires long-term plans that may disappoint in the short run.
6:55 a.m. Sept. 25, 2020 - By Tomi Kilgore
Amesite's stock opens below IPO price, than rallies above itAmesite Inc.'s stock stumbled out of the gate, as it opened 1% below its initial public offering price, but then righted itself to trade higher. The first trade was at $4.95 at 11:39 a.m. Eastern for 162,143 shares, below the IPO price of $5. The stock was last trading 10% above its IPO price. The company's IPO priced at the midpoint of the expected range of $4.50 to $5.50. The company sold 3 million shares to raise $15 million. With 20.4 million shares outstanding after the IPO, the artificial-intelligence driven platform and course designer was valued at $102.1 million. Laidlaw & Co. was the sole book-running manager. The company went public at a time that the Renaissance IPO ETF has rallied 23.5% over the past three months, while the S&P 500 has gained 5.6%.
6:08 a.m. Sept. 15, 2020 - By Ciara Linnane
IPO market gears up for busiest week since May 2019 — when Uber went public — with 12 deals on tap Cloud company Snowflake is expected to raise up to $3.08 billion in biggest-ever software IPO and biggest deal of the year so farThe U.S. initial-public-offering market is gearing up for its busiest week in a year and a third, with a dozen deals expected to raise $6.8 billion.
4:09 a.m. Sept. 15, 2020 - By Emily Bary
Nvidia stock gains after Needham boosts target to new Street high of $700Shares of Nvidia Corp. are up more than 3% in premarket trading Tuesday after Needham analyst Rajvindra Gill upped his price target on the stock to $700 from $600. His new target is the highest listed on FactSet. Gill is increasingly upbeat on Nvidia's prospects after the company announced over the weekend that it would be acquiring Arm from Softbank Group Corp. in a deal valued at $40 billion. "Strategically, we believe the Nvidia-Arm combination will create the leading AI computing platform in the semiconductor industry," Gill wrote in his note to clients. "The combination of three processors under one house - GPUs for accelerated computing, NPUs for networking and security processing, and CPUs for low latency, single thread predictable processing - positions NVDA to become the leading AI platform in the industry, in our view." He argued that a "multi-processor and multi-architecture framework will be paramount" in dealing with the next generation of artificial-intelligence workloads. Nvidia shares have gained 40% over the past three months as the S&P 500 has risen 10%.
12:06 p.m. Sept. 14, 2020 - By Therese Poletti
Nvidia’s deal for Arm could mean a real challenge to Intel and AMD, but is likely to face opposition The $40 billion merger agreement adds needed components to Nvidia, but will face regulatory difficulty as well as potential backlash from Arm customers who compete with NvidiaNvidia Corp.’s bold $40 billion deal to buy chip designer Arm Holdings could create a major new threat to both Intel Corp. and Advanced Micro Devices Inc. in the data center market, but the deal may face many hurdles along the way.
11:15 a.m. Sept. 14, 2020 - By Daniel Newman
Nvidia’s deal with Arm paves the path to a trillion-dollar market value Nvidia will effectively enter the smartphone business and be able to create artificial-intelligence technology at scaleNvidia will effectively enter the smartphone business and be able to create artificial-intelligence technology at scale.
10:08 a.m. Sept. 12, 2020 - By Jon Swartz
Deepfakes could further complicate social media’s job during election seasonA fledgling, fast-evolving technology threatens the best efforts of social media’s biggest companies to tamp down disinformation during political season. Need proof? Seeing and hearing is disbelieving.
6:17 a.m. Sept. 12, 2020 - By Nicolas Vega
China would rather see TikTok banned than sold to US company The video platform’s Beijing-based parent, ByteDance, has been in discussions to sell its US business after Trump ordered TikTok banned if deal not reached by mid-September
10:36 a.m. Sept. 10, 2020 - Associated Press
Russian military intelligence unit again targeting Democrats ahead of November presidential election, says Microsoft State-backed group known as Hurricane Panda ‘appears to have indirectly and unsuccessfully’ targeted the Biden campaign through non-campaign email accounts belonging to people affiliated with it, says MicrosoftState-backed group known as Hurricane Panda ‘appears to have indirectly and unsuccessfully’ targeted the Biden campaign through non-campaign email accounts belonging to people affiliated with it, says Microsoft.
10:53 a.m. Sept. 8, 2020 - Associated Press
Racial tensions roiling U.S. again pose inviting target for election meddling Facebook removed a network of accounts linked to Russian ‘troll factory’ that pushed out stories about race The tensions coursing through the United States over racism and policing are likely targets for adversaries seeking to influence the November election, lawmakers and experts warn — and there are signs that Russia is again seeking to exploit the divide.
1:23 a.m. Sept. 8, 2020 - By Ciara Linnane
Cloud company Sumo Logic to offer 14.8 million shares in planned IPO, priced at $17 to $21 eachCloud company Sumo Logic set terms for its initial public offering on Monday, with plans to offer 14.8 million shares, priced at $17 to $21 each. The company has applied to list on Nasdaq under the ticker "SUMO." There are eight banks underwriting the deal, led by Morgan Stanley. Proceeds of the deal will be used for general corporate purposes. "Sumo Logic is the pioneer of Continuous Intelligence, a new category of software, which enables organizations of all sizes to address the challenges and opportunities presented by digital transformation, modern applications, and cloud computing," says the company's prospectus.
6:21 a.m. Sept. 3, 2020 - Associated Press
A look at claims made by William Barr on mail-in voting, China and more in his Wolf Blitzer interview on CNNAttorney general says his logic tells him a foreign adversity could meddle with mail-in votes in November and claims China poses a greater election-security threat than does Russia.
5:36 a.m. Sept. 2, 2020 - By Tim Rostan
Homeland Security sitting on intelligence finding of Russian disinformation on Biden mental health: reportThe Department of Homeland Security chose not to release an intelligence bulletin in July that concluded Russian state actors were engaged in a disinformation campaign aimed at persuading impressionable U.S. voters that Democratic presidential nominee Joe Biden is suffering a decline in mental health, . Citing its review of a draft of the document and internal emails, the network news outlet says the intelligence findings were cued up for distribution on July 9 to federal, state and local law-enforcement partners. The department's legislative and public affairs office had received the document for review two days before, ABC reports. The report's dissemination was placed on hold almost immediately, ABC reports, with an email showing the departmental chief of staff cautioning that the document required review by acting Secretary of Homeland Security Chad Wolf, a close ally of President Donald Trump. The department reportedly told ABC that the document had not met its standards. The documentation indicates analysts had "high confidence" in the findings. The Biden campaign is accusing the Trump administration of blocking the intelligence community from sharing "a crucial finding," NBC reports.
1:29 p.m. Sept. 1, 2020 - By Liza Lin
TikTok deal may hit snag over transfer of app’s core algorithms Chinese government may need to sign off; slim chances of sale being completed soonDeal talks for TikTok’s U.S. operations have hit a snag over the key question of whether the app’s core algorithms can be included as part of a deal, according to people familiar with the matter.
8:56 a.m. Sept. 1, 2020 - Associated Press
Barr memos tighten standards for national-security surveillance of political campaignsThe Justice Department announced new restrictions Tuesday on how it conducts any secret national-security surveillance of candidates for federal office or their staff.
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