Walmart has completed its acquisition of Vizio, a popular television maker, in a move to boost its advertising business. The $2.3 billion all-cash deal positions Walmart to become a leader in connected TV advertising, allowing the retail giant to combine its retail operations with TV hardware and gather customer data on viewing habits and shopping…
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Intel’s CEO Pat Gelsinger has been forced out, marking a significant shift in the company’s leadership. Gelsinger’s departure comes as Intel struggles to regain its footing in the chipmaking industry, with a market value more than 30 times smaller than rival Nvidia. The company’s financial woes have been piling up, with a $16.6 billion loss…
A looming patent cliff threatens to disrupt the pharmaceutical industry, with over $200 billion in annual revenue at risk through 2030. However, this presents a significant opportunity for biosimilar developers to capitalize on the transition to more affordable treatments. Several companies, including Alvotech, Biocon Biologics, Celltrion, Formycon, and Samsung Bioepis, are already making strides in…
The crypto market is experiencing a historic comeback, driven by unprecedented political shifts and bold new ambitions from tech world leaders. President-elect Donald Trump’s pro-crypto stance and Elon Musk’s vision for X as a crypto-powered payment network are sparking a surge in interest in cryptocurrencies, particularly meme coins like Dogecoin and Shiba Inu. This shift…
Meta, the parent company of Facebook, Instagram, and WhatsApp, is taking a bold step in its infrastructure efforts by planning to build a $10 billion subsea cable that will span the world. This ambitious project, which is expected to be completed in several years, will give Meta a dedicated pipe for data traffic around the…
Indian food delivery app Zomato has raised $1 billion from institutional investors, marking its first major fundraise since its 2021 IPO. The company plans to use the funds to maintain competitive parity in the quick-commerce market, which is expected to generate over $6.5 billion in annual run-rate revenues. Zomato’s move comes as rival Swiggy has…
Alibaba’s Qwen team has released a new reasoning AI model, QwQ-32B-Preview, which has 32.5 billion parameters and can consider prompts up to 32,000 words in length. The model performs better on certain benchmarks than OpenAI’s o1-preview and o1-mini models and is available for download under a permissive license. QwQ-32B-Preview has shown promising results in solving…
The National Institutes of Health (NIH) is on the cusp of a major overhaul, with proposals from both chambers of the US Congress and the incoming administration of President-elect Donald Trump aiming to reform the agency’s structure and research portfolio. The NIH’s advisory group has launched a series of meetings to consider the proposals and…
Pham Nhat Vuong’s Xanh SM is making waves in Vietnam’s ride-hailing market with its environmentally friendly electric taxis and motorbikes. However, critics question the company’s growth potential, citing stiff competition and Vuong’s strategy of using Xanh SM to push his brand of Vietnamese electric vehicles (EVs), Vinfast. Despite these challenges, Xanh SM is expanding its…
The article highlights six antisense oligonucleotide companies leading the way in this emerging field. These companies, including Ionis Pharmaceuticals, Isarna Therapeutics, Regulus Therapeutics, Sarepta Therapeutics, Secarna Pharmaceuticals, and Wave Life Sciences, are developing innovative treatments for various diseases. The global antisense oligonucleotides market is projected to grow significantly, driven by the ability of these treatments…