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| Korean chip startup rebuffs Meta: Korean chip startup FuriosaAI has turned down an $800 million takeover offer from Meta Platforms, choosing instead to grow the business as an independent company, a person with knowledge of the matter said. OpenAI executive changes: OpenAI is expanding the role of Chief Operating Officer Brad Lightcamp, who will now lead the effort for corporate partnerships, as Chief Executive Officer Sam Altman shifts more of his focus to the technical side of the AI startup's business. Xiaomi share sale: The Chinese firm is set to raise about $5.5 billion in an upsized share sale, capitalizing on a surge in its stock price to invest in its electric-vehicle business. The offering follows EV giant BYD's $5.6 billion fundraising. | |
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| German software developer SAP has overtaken Danish weight-loss drug maker Novo Nordisk to become Europe's most-valuable public company. SAP shares have risen more than 40% over the past year, as Chief Executive Officer Christian Klein pushed to accelerate customers' shift from traditional on-site servers to infrastructure on the cloud. That process has allowed the company to sell more lucrative products bundled with AI features, boosting revenue growth. | |
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| In today's Tech In Depth, Luz Ding reports on the recent change in sentiment that has made big tech firms a source of pride in China as some of the industry's AI efforts advance past the US. For more Bloomberg coverage of the technology industry, subscribe here. | |
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| Apple is exploring whether to add cameras and visual intelligence features to its smartwatch, Mark Gurman reports in this week's Power On. He also lays out changes in the executive ranks in charge of Apple's effort to improve the Siri digital assistant. For more of Mark's coverage of Apple, subscribe here. | |
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