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The stock and crypto markets may see heightened volatility on Friday, June 20, as the biggest triple-witching event of the year takes place. A triple-witching event occurs when a cluster of different exchange-traded derivatives contracts expire on the same day. It typically happens on the third Friday of March, June, September, and December. The potential … Read more
OpenAI is acquiring io, the device startup that CEO Sam Altman and famed Apple designer Jony Ive have quietly been working on for two years, in an all-equity deal that values that startup at $6.5 billion, according to The Wall Street Journal. As part of the unusual deal announced Wednesday, Ive and his design firm, … Read more
SoftBank Group announced on Wednesday that it will acquire Ampere Computing, a chip designer founded by former Intel executive Renee James, through a $6.5 billion all-cash deal as a strategic move to broaden its investment in AI infrastructure. Ampere will be operate as a wholly-owned subsidiary of SoftBank after the deal, which is expected to … Read more
Ampere, the semiconductor business founded by former Intel exec Renee James, is reportedly on the cusp of selling itself to SoftBank — the latest in an ongoing saga over the company’s future ownership. The deal could value Ampere at about $6.5 billion, Bloomberg reports. That’s a price cut from the $8 billion valuation in 2021, … Read more
Key Takeaways The US Department of Justice was approved to sell 69,370 Bitcoin seized from Silk Road. Battle Born Investments opposed the sale but failed to block it. Share this article The US Department of Justice (DOJ) has received court approval to sell approximately 69,370 Bitcoin seized in connection with the Silk Road darknet marketplace, … Read more
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