Technology

Infleqtion to go public in SPAC deal valuing quantum computing firm at $1.8 billion

(Reuters) - Infleqtion will go public through a merger with a blank-check company, led by veteran Wall Street dealmaker Michael Klein, valuing the quantum computing startup at $1.8 billion before new investment, the companies said on Monday.

Technology

ElevenLabs staff to sell shares at $6.6 billion valuation, Bloomberg News reports

(Reuters) -ElevenLabs is letting employees sell shares at a valuation of $6.6 billion - double the voice cloning artificial intelligence startup's previous value, Bloomberg News reported on Monday.

Technology

Databricks projects $4 billion in annualized revenue on surging AI demand

(Reuters) - Analytics firm Databricks said on Monday it was on track to hit $4 billion in annualized revenue, up more than 50% from the prior year, on the back of surging demand for its artificial intelligence products.

Technology

India's Infosys to consider buyback of shares

BENGALURU (Reuters) -India's Infosys will consider a proposal for a buyback of equity shares on September 11, the IT services company said on Monday.

Technology

Data center builder Fermi files for US IPO as new listings accelerate

(Reuters) - Fermi, a Texas company co-founded by former U.S. Energy Secretary Rick Perry, on Monday filed for an initial public offering in the United States, as companies rush to tap investor enthusiasm for new issues.

Technology

Nasdaq makes push to launch trading of tokenized securities

NEW YORK (Reuters) - Nasdaq is working with U.S. regulators to introduce trading of tokenized securities, becoming the latest major financial player on Wall Street to double down on a boom in tokenization amid an easing of crypto regulations under the Trump administration.

Technology

Cybersecurity firm Netskope eyes up to $6.5 billion valuation in US IPO

(Reuters) - Netskope is seeking a valuation of up to $6.5 billion in its initial public offering in the United States, the cloud-based cybersecurity firm said on Monday, signaling investors' appetite for new listings.

Technology

Exclusive-Tesla market share in US drops to lowest since 2017 as competition heats up

SAN FRANCISCO (Reuters) -Tesla's U.S. market share dropped to a near eight-year low in August as buyers chose electric vehicles from a growing stable of rivals over the aging lineup offered by CEO Elon Musk's company, according to data from research firm Cox Automotive shared exclusively with Reuters.

Technology

Ticketing platform StubHub eyes up to $9 billion valuation in US IPO

(Reuters) - Madron Partners-backed StubHub is targeting a valuation of up to $9.2 billion in its U.S. initial public offering, the ticket reseller said on Monday, becoming the latest company to resume listing plans delayed in April due to tariff uncertainty.

Technology

SpaceX buys wireless spectrum from EchoStar in $17 billion deal

WASHINGTON (Reuters) - Elon Musk's SpaceX said Monday it will buy wireless spectrum licenses from EchoStar for its Starlink satellite network for about $17 billion, a major deal crucial to expanding Starlink's nascent 5G connectivity business.

Technology

Disney+ and 'Money Heist' maker Atresmedia sign streaming deal

(Reuters) -U.S. entertainment giant Walt Disney signed an agreement with Spanish media group Atresmedia to integrate its contents into streaming platform Disney+, Disney said on Monday.

Technology

The world's largest illegal sports streaming site has been shut down

The world's largest sports pirating site, Streameast, is no more.

Video games

Pokemon and 11 more video games coming this fall

There are sequels aplenty, including new Ninja Gaiden and Battlefield games, but also a fresh look at mountain climbing.

Mobile apps

Maybank MAE app hit by temporary service disruption for certain features

Maybank has issued a notice via its MAE app informing customers that certain features are temporarily unavailable. The bank has not provided a reason for the service disruption.

AI

US attorneys general warn OpenAI and other tech companies to improve chatbot safety

The attorneys general of California and Delaware on Friday warned OpenAI they have "serious concerns" about the safety of its flagship chatbot, ChatGPT, especially for children and teens.

Technology

Autonomous Driving Player QCraft to open European Headquarters in Germany

(Reuters) -Chinese autonomous driving solutions maker QCraft said on Monday that it will open its European headquarters in Germany and is partnering with U.S. chip company Qualcomm.

Social media

Social media: Is it time for you to 'lock in'?

In this case, people doing the Great Lock In began Sept 1 (a date that some on social media noted fell, aptly, on a Monday), and are meant to work toward their goals through the remainder of 2025, rather than treating the goals as New Year's resolutions.

AI

When it comes to spotting fake receipts, it’s AI vs AI

Software companies that audit expense reports are adding a new arsenal of capabilities to try to detect receipts that have been created using AI chatbots.

Internet

Don't look now, but there's an AI-generated Italian teacup on your child's phone. What does it mean?

Experts and fans alike say the brain rot trend is worth paying attention to, and tells us something about the youngest generation of tweens.

Mobile apps

AI-powered meet-up apps fight loneliness

The growing difficulties individuals face in forming meaningful connections have alarmed health professionals.