Indian electric scooter manufacturer Ather Energy plans to raise about $ 370 million by issuing fresh shares in an initial public offering, according to its draft prospectus filed on Monday (PDF), as the startup seeks to capitalize on growing demand for electric vehicles in the world’s third-largest auto market. The Bengaluru-based lossmaking startup, which competes […]
Revefi seeks to automate companies’ data operations
Sanjay Agrawal and Shashank Gupta, who helped co-found the business intelligence company ThoughtSpot, say that several years ago, they observed that organizations were struggling to deal with the increasing amount of data under their purview. Even enterprises with robust data analytics and orchestration tools seemed to be having a rough go of it, Agrawal and […]
UEFA Seeks “Competitive Balance” With New Champions League 2024-25 Format
A new era in European club football begins on Thursday when the draw takes place in Monaco for an expanded UEFA Champions League featuring a radically changed format. European football’s governing body is selling what it describes as “a thrilling new future” for the game on the continent with more teams playing more matches, and […]
China’s autonomous vehicle startup WeRide seeks US IPO at $5B valuation
WeRide, a Chinese autonomous vehicle company, is officially gearing up for a U.S. public debut, over a year after China started easing its effective ban of foreign IPOs. The company is seeking a valuation as high as $ 5.02 billion in its initial public offering. WeRide expects to raise about $ 96 million from its offering, […]
New Senate bill seeks to protect artists’ and journalists’ content from AI use
A bipartisan group of senators has introduced a new bill that seeks to protect artists, songwriters and journalists from having their content used to train AI models or generate AI content without their consent. The bill, called the Content Origin Protection and Integrity from Edited and Deepfaked Media Act (COPIED Act), also seeks to make […]