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Hardware startup Nothing said Thursday that it plans to make its affordable device brand, CMF, into an independent subsidiary with India serving as its headquarters for manufacturing and R&D. The company first launched CMF in 2023 with a pair of earbuds and a smartwatch. Since then, it has introduced smartphones under the brand as well. … Read more
One of the best things about the found footage genre can also be one of its most frustrating. By its very nature, classic found footage movies can never answer all your questions because the camera has to stop. The footage almost always ends with some big, scary revelation, but things can’t go beyond that because….well, … Read more
SpaceX’s Starship successfully separated from its Super Heavy rocket booster and reached orbit Tuesday evening, but later began spinning and made an uncontrolled re-entry into the Indian Ocean. SpaceX had cleared the surrounding airspace where Starship was coming down, according to the company. The ninth test flight provided a mix of successes and failures for … Read more
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Semiconductor giant Intel won’t spin out its venture arm, Intel Capital, after all. Intel’s CEO Lip-Bu Tan said the company has reversed its decision to spin out its 34-year-old venture arm on Intel’s Thursday Q1 earnings call. Instead, the firm will remain internal and continue to invest with Intel’s interests in mind. “We have made … Read more
“South Korean cryptocurrency exchange Bithumb appears to be restructuring its investment and holding units as it plans to conduct a long-awaited initial public offering. Crypto exchange Bithumb will separate its holding and investment business into a new company this summer as part of a larger plan to prepare for a potential Nasdaq listing, according to … Read more
WASHINGTON (AP) — Meta CEO Mark Zuckerberg once considered separating Instagram from its parent company due to worries about antitrust litigation, according to an email shown Tuesday on the second day of an antitrust trial alleging Meta illegally monopolized the social media market. In the 2018 email, Zuckerberg wrote that he was beginning to wonder … Read more
Intel’s new CEO Lip-Bu Tan wasted no time laying out his plans for the semiconductor giant. Speaking at the Intel Vision conference this week, Tan told attendees that the company will spin off assets that aren’t core to its mission, Bloomberg reported. Tan didn’t specify what was classified as core and non-core to the company’s … Read more
Artwork for Ubisoft’s upcoming “Assassin’s Creed Shadows” game. John Keeble | Getty Images Ubisoft shares surged on Friday after the French video game publisher announced a deal to spin out some of its best-selling franchises. On Thursday, Ubisoft revealed plans to form a new gaming subsidiary, with Chinese technology giant Tencent investing 1.16 billion euros ($1.25 billion) … Read more
Meta is mulling launching a standalone app for short-form videos, The Information reported, citing an anonymous source who heard Instagram head Adam Mosseri talking about the project to staff. The project is reportedly code-named Project Ray that aims to improve recommendations for new users and existing users in the U.S., and feature more three-minute videos, … Read more
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