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China’s EV upstart Li Auto hunts for chip talent in Singapore

November 21, 2023

Li Auto, a electric vehicle maker adored by young Chinese families, is stepping up its endeavors to build in-house automotive chips and has gone abroad to seek talent for the course. The eight-year-old company is currently hiring five positions in Singapore to develop silicon carbide (SiC) power modules, an electrical component that uses SiC semiconductors […]

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Tech CEO Austin Russell’s bid to buy Forbes fails

November 21, 2023

Luminar founder and CEO Austin Russell’s bid to buy Forbes Global Media Holdings has ended. Integrated Whale Media Investments, the Hong Kong-based parent company of Forbes, terminated the agreement with Russell after he failed to secure enough investors to close the deal. Bloomberg was the first to report the news, citing an internal memo by […]

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eBay to gain $2.2B from sales of its shares in classified biz Adevinta

November 21, 2023

eBay is unloading its remaining shares in the online classified business Adevinta to private equity firms Permira and Blackstone for $2.2 billion in cash and 20% equity, it said. Adevinta had originally acquired eBay’s own classified business back in 2020, leaving eBay with $2.2 billion in cash and 540 million Adevinta shares. While the new deal […]

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Anthropic’s Claude 2.1 release shows the competition isn’t rubbernecking the OpenAI disaster

November 21, 2023

The OpenAI train wreck may be playing out in slow motion before our eyes, but the company’s competition isn’t sitting around gawking. Anthropic just released Claude 2.1, an improvement on its flagship large language model that keeps it competitive with the GPT series — and now has the useful added feature of “being developed by […]

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Spotify says its upcoming royalty model changes will generate $1B for artists over five years

November 21, 2023

Spotify’s upcoming royalty model changes will generate $1 billion in five years for new and popular artists, the streaming service announced on Tuesday. As previously reported, Spotify is changing its royalty system to direct more money to popular artists and record labels, while raising the minimum payment threshold for music streaming on the platform and tackling […]

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