US venture capital funding climbed to $55.6 billion in the second quarter, marking the highest level in two years, according to PitchBook data.
Industry
Samsung Records Unexpected Profit Gain, Cites AI Boom's Impact on Chip Prices
Samsung estimated that it made a meteoric 15-fold rise in its second quarter operating profit, which it said was better than its expectations.
Trader Joe’s Recalls Popular Mango Tangerine Candle Over 'Larger-Than-Expected' Flame
Trader Joe's is carrying out a nationwide recall of its Mango Tangerine Scented Candle. Trader Joe's is carrying out a nationwide recall of its Mango Tangerine Scented Candle as it might cause harm to users due to a larger-than-expected flame.
China Leads the Generative AI Patents Race, Far Surpassing the US: UN Report
China filed six times more patents for artificial intelligence (AI) technologies than United States-based inventors, according to a UN report.
Lufthansa Receives EU Approval to Acquire ITA Airways for $350 Million
Lufthansa has won EU antitrust approval to buy 41% of ITA Airways for around $350 million. Lufthansa has received antitrust clearance from the European Union (EU) to acquire 41% of ITA Airways for 325 million euros (about $350 million) following the sale of certain routes and slots, the company announced Wednesday, July 3.
Latest News
Amazon has announced it will discontinue its Astro for Business security robot and shift its focus back to household robots.
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Boeing has until July 5 to decide on whether to fight or plead guilty to the lawsuit filed by the Department of Justice for its alleged violation of a 2021 agreement that shielded it from criminal charges after a string of incidents involving its planes, employees, and other business lines.
The administration of President Joe Biden has announced the awarding of $504 million in funding for 12 technology hubs in the US.
The Securities and Exchange Commission (SEC) has filed a lawsuit against Silvergate Capital Corporation over alleged violations of the Bank Secrecy Act.
Samsung Electronics workers in South Korea will hold a strike from July 8 to 10, according to union officials.
President Joe Biden and Senator Bernie Sanders have urged Novo Nordisk and Eli Lilly to lower the prices of their popular weight loss drugs.
The Biden administration canceled eight export licenses this year that had allowed several companies to send goods to the Chinese telecom giant Huawei.
The FTC has settled with Arise Virtual Solutions, requiring the company to pay $7 million for misleading gig workers about potential earnings and unlawfully requiring them to cover expenses.
Google's annual sustainability report revealed that despite efforts, the company's carbon emissions continued to rise in part due to challenges related to AI.
