Mike Wheatley
Latest from Mike Wheatley
China’s largest AI firm SenseTime raises $700M in Hong Kong IPO
Chinese largest artificial intelligence firm SenseTime Group Inc. today it has raised about $700 million from its initial public offering on the Hong Kong Stock Exchange. SenseTime sold 1.5 billion of its shares priced at HK$3.85 (49 cents), which was at the low end of its price range. The raise means the company now has an ...
Appeals court backs FCC in its bid to open up 6 GHz spectrum to unlicensed users
The Federal Communications Commission won a key legal victory today as the U.S. Court of Appeals for the District of Columbia Circuit ruled in favor of its decision to designate a large portion of the 6-gigahertz spectrum to unlicensed users. In early 2020 the FCC voted to free up to 1,200 megahertz of spectrum in ...
Waymo to add Geely’s electric Zeekr vans to its U.S. ride-hailing fleet
Alphabet Inc.’s autonomous driving unit Waymo revealed today it’s working with the Chinese automaker Geely Holding Group to integrate that company’s purpose-built electric robotaxi minivans into its U.S. fleet. Waymo plans to install its autonomous driving systems, known as Waymo Driver, into Geely’s new Zeekr vehicles and eventually roll them out in U.S. markets. Zeekr ...
Report: Apple paid some of its top engineers $180K bonuses not to defect
Faced with a growing number of its software engineers defecting to its Silicon Valley rivals, Apple Inc. is said to be offering big bonuses of up to $180,000 in stock to ensure key workers will remain at the company. Bloomberg reported today that “select engineers” at Apple were told they would be receiving the bonuses ...
OneWeb launches 36 satellites into space as it aims to take on Elon Musk’s Starlink
British satellite constellation firm OneWeb Ltd. successfully blasted 36 more communications satellites into orbit from the Baikonur cosmodrome in Kazakhstan today. The company has been launching satellites into space on a regular basis this year in order to create a high-speed internet service that can be accessed from anywhere in the northern hemisphere. Its service, ...
Activist investor Starboard Value targets GoDaddy after buying 6.5% stake
The well-known activist investor firm Starboard Value LP is targeting the web services provider GoDaddy Inc. for a shakeup after acquiring a 6.5% stake in the company. That’s according to a regulatory filing with the U.S. Securities and Exchange Commission that was first spotted by the Wall Street Journal today, which revealed Starboard had paid ...
Didi’s share price drops as it indefinitely bans employees from offloading its stock
Shares in the Chinese ride-hailing app Didi Global Inc. took another beating today following a report by the Financial Times that claims current and former employees at the firm have been banned from selling company stock indefinitely. Didi’s stock lost 5.4% of its value, closing at just $5.30 per share in New York trading. The ...
Zoom buys Liminal assets to boost its virtual event capabilities
Looking to become the hub for online events, Zoom Video Communications Inc. said today it has acquired key assets from a startup called Liminal that builds add-ons for the Zoom platform. Liminal’s add-ons, known as ZoomOSC and ZoomISO, are used to create professional virtual events and Zoom said it plans to natively integrate those capabilities ...
Russia slaps Google and Meta with multimillion-dollar fines for not deleting banned content
Google LLC on Friday was slapped with an unprecedented fine of almost $100 million by a Russian court for its “systemic failure to remove banned content” – the largest penalty ever imposed on a Western tech firm. The Moscow court calculated the fine based on Google’s annual revenue in Russia, which exceeded 85 billion rubles, ...
DOJ delays decision on Apple and Google antitrust charges amid budget crunch
The U.S. Justice Department reportedly has put off a decision on whether to charge Apple Inc. and Google LLC with antitrust violations, despite originally aiming to wrap up its long-running probes of the two tech giants by Dec. 31. A report by Politico today cites two people familiar with the DOJ’s discussions as saying the probes ...