China's largest contract chipmaker has spent most of the past two years increasing volume without much to show for it in terms of margins. The June quarter broke that pattern. Semiconductor Manufacturing International Corporation (SMIC) reported revenue of US…
Accelerant Holdings Inc., a provider of software for the specialty insurance market, has agreed to be taken private by Thoma Bravo. The companies announced the $4.4 billion transaction today. It values Accelerant at $20.25 per share, a 49% premium to its last…
SoundHound AI's second quarter results were marked by substantial year-on-year revenue growth and a reduction in non-GAAP losses, surpassing Wall Street's expectations. Management attributed the strong performance to rapid adoption of the OASYS agentic AI pla…
BGMI maker Krafton will invest in five VC funds and about half a dozen Indian startups by year-end, committing $50-60 million annually as it shifts its focus beyond gaming to AI and consumer internet.
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At JPMorgan Chase, AI and technology promote our global operations with unmatched scale and speed. We invest over $18 billion annually in innovation, data leverage, and security to shape the future for our clients, communities, and employees. The Chief Data &…
