Shares of Lemonade, an digital insurance company, soared more than 138% in its Thursday market debut.
The company’s stock opened at $50.06 after pricing at $29 per share Wednesday.
Lemonade offers insurance to renters and homeowners with the use of artificial intelligence and chatbots.
Boeing is pursuing $60 billion in U.S. government aid to help prop up a U.S. aerospace manufacturing supply chain already reeling from the year-old grounding of its previously fast-selling 737 Max jetliner after fatal crashes.
Lilium made waves last year with the maiden flight of its five-seater air taxi.
Following fresh funding, the firm has secured a valuation north of $1 billion.
Baillie Gifford has taken a less than 5% stake in the Munich-based company.
Graphcore co-founder and CEO Nigel Toon says that “tens of thousands” of his start-up’s intelligent processing units (IPUs) have now been shipped.
Microsoft is using Graphcore’s chips in some of its data centers and Dell is selling them on a server.
Graphcore has raised over $450 million from the likes of Sequoia, BMW, DeepMind’s co-founders and C4 Ventures.
Elon Musk on Thursday tweeted that he thinks it’s time to break up Amazon.
“This is insane @JeffBezos,” Musk said, tagging the Amazon CEO. “Time to break up Amazon. Monopolies are wrong!”
His tweet was directed at former New York Times reporter Alex Berenson and Amazon CEO Jeff Bezos after Berenson published a screenshot showing that his upcoming book about Covid-19 doesn’t meet Amazon guidelines for sale.
Zoom’s revenue growth picked up significantly during the quarter.
The company more than doubled its revenue guidance for the fiscal year as well.
Many people have flocked to Zoom in recent months to virtually meet with colleagues, classmates, friends and family members as the coronavirus has continued to spread.
SpaceX on Saturday launched NASA astronauts Bob Behnken and Doug Hurley into orbit, successfully beginning the company’s first crewed mission.
The launch also represents the first time NASA has launched its own astronauts since the end of the space shuttle program nearly a decade ago.
Facebook CEO Mark Zuckerberg has reshuffled his deck of lieutenants over the past few years as the social network has undergone a metamorphoses.
As executives have come and gone, Zuckerberg has remained one of the few constants at the helm of the company.
The company’s shares reached an all-time high this week as investors cheered its leadership’s reactions to the coronavirus pandemic and recent new products.
Amazon, Microsoft and Google are among a number of American firms that are providing various web services to blacklisted Chinese surveillance firms, a new report claims.
In October, some of China’s most valuable surveillance artificial intelligence firms were put on a U.S. blacklist and were accused of being “implicated” in human rights abuses.
Top10VPN said in a report that these U.S. giants were providing “essential web services that power these companies’ websites.”
Shares of industry stalwarts Stratasys and 3D Systems have fallen around 90% from their 2014 highs, struggling to hang onto gains as the coronavirus pandemic put a strain on consumer demand. In the meantime, competitors Proto Labs and Materialise NV have seen their stocks soar, up almost 75% and over 92% in the same time frame.
