8 hours ago
Europe has now overtaken China as the main market for electric cars.
Source: Blackstone Resources
4 days ago
AppLovin, the mobile games company that owns hits such as a Matchington Mansion and Wordscapes, has raised $1.8bn in an initial public offering, giving it a market capitalisation of $28.6bn and making it one of the biggest public debuts of the year.
The company priced its shares at $80 ahead of its listing on the Nasdaq on Thursday, according to the regulatory filing, the midpoint of its previously set range of $75 to $85. The issue price gives it a market value many times higher than the $2bn at which KKR purchased a $400m stake three years ago.
6 days ago
Nvidia said its first processor for data centers would operate 10 times faster than existing chips. The chip is based on technology developed by Arm Ltd., a U.K. chip designer that Nvidia is in the process of buying for around $40 billion.