The OnePlus Pad, the first tablet from the Chinese smartphone maker, is now available for purchase in the US for $479. The tablet was announced in February and went on pre-order in April, but OnePlus did not reveal the price until two weeks ago. The OnePlus Pad is a mid-range Android tablet that features an…
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Google Unveils AI-Centric Coding Tools at I/O Developer Conference, Including GitHub Copilot Competitor
Google announced several AI-centric coding tools at its annual I/O developer conference, including an AI-assisted coding feature in its no-code AppSheet product and a chat tool for asking coding and Google Cloud service questions. The cornerstone of these tools is Codey, a coding-related prompts handler based on Google’s PaLM 2 language model, which was trained…
Google unveils new generative AI capabilities for Search
For the past 25 years, Google has been devoted to the science and the craft of building a search engine. It has developed completely new ways to search, powered by its latest advancements in AI — whether that’s searching visually with Lens, or across modalities, using both images and text with multisearch. In fact, people…
US Inflation Slows to 4.9% in April, But Core Prices Remain High
According to data released by the Bureau of Labor Statistics on Wednesday, the annual rate of inflation in the US stood at 4.9% in April, lower than consensus expectations of 5.0% and marking the slowest pace in two years. However, the persistent high prices of essential consumption categories such as food and shelter, which saw…
Allkem and Livent announce $10.6bn merger to create world’s 3rd-largest lithium producer
Allkem Ltd and Livent Corp have announced that they will merge in an all-stock deal worth $10.6 billion, creating the world’s third-largest producer of lithium, the metal used to make electric vehicle batteries. The merger will help the companies accelerate the development of their lithium projects in Argentina and Canada. Livent’s shares rose by about…
Microsoft signs deal to purchase electricity from nuclear fusion startup Helion Energy
On Wednesday, Microsoft announced that it has entered into a power purchase agreement with nuclear fusion startup Helion Energy. Under the agreement, Microsoft will buy electricity from Helion in 2028. This is a significant development as it marks the first time a fusion company has signed a deal to sell electricity. Fusion has been regarded…
Go Airlines (India) granted bankruptcy protection, complicating lessors’ repossession efforts
India’s low-cost carrier, Go Airlines (India) Ltd, which recently rebranded as Go First, has been granted bankruptcy protection by an Indian tribunal. The move allows the country’s fourth-largest carrier to attempt to revive itself, but could complicate foreign lessors’ efforts to repossess their planes. Go First has cited financial difficulties arising from engine trouble that…
EU proposes cybersecurity label for cloud service providers with joint venture requirement for non-EU companies
According to a draft document seen by Reuters, Amazon, Alphabet’s Google, Microsoft, and other non-European Union (EU) cloud service providers seeking to handle sensitive data and secure an EU cybersecurity label will need to form a joint venture with an EU-based company. The cloud service must be operated and maintained from the EU, and all…
Uber launches flight bookings on its UK app, expanding beyond ride-booking business
Ride-hailing giant Uber is expanding its services once again by adding international and domestic flight bookings on its UK app. According to a report by the Financial Times, the move is part of Uber’s strategy to expand its core ride-booking business. Andrew Brem, Uber’s UK General Manager, said that this was the “latest and most…
Tempur Sealy to acquire Mattress Firm in $4 billion deal
Tempur Sealy International, a leading U.S. bedding maker, has announced plans to acquire retailer Mattress Firm in a cash-and-stock deal worth around $4 billion. The acquisition is aimed at stemming a post-pandemic decline in sales that has affected the mattress industry in recent quarters. Mattress Firm is one of the largest bedding retailers in the…
Blockworks Raises $12mn to expand crypto media and research offerings amidst industry turmoil
Blockworks, a media company that covers cryptocurrency for professionals, has raised $12 million in funding at a post-money valuation of $135 million, according to its co-founder Jason Yanowitz. The round was led by 10T Holdings, with participation from Framework Ventures and Santiago Santos, a crypto investor who co-hosts a podcast with Yanowitz for Blockworks. The…
Carrefour announces plans to open 50 stores in Israel as part of franchise partnership
French retailer Carrefour has unveiled plans to open 50 stores in Israel as part of a franchise partnership with Electra Consumer Products and its subsidiary Yenot Bitan. The stores will comprise three hypermarkets, 10 supermarkets and 37 convenience stores, with nine of the locations in Tel Aviv. Carrefour said it would import around 1,200 stock-keeping…