Topic: company acquisitions
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Bending Spoons: The Company Behind the AOL Acquisition
Bending Spoons has elevated its four cofounders to billionaire status through a major funding round and secondary share sale, securing $270 million in new capital and a $440 million secondary transaction from investors. The company specializes in acquiring and revitalizing underperforming tech br...
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Why 'Hold Forever' Investors Are Buying Venture Capital Zombies
A new type of investor is acquiring "venture capital zombies"—stalled startups—by purchasing them cheaply, implementing operational improvements, and holding them long-term to generate steady cash flow rather than seeking quick exits. Firms like Bending Spoons and Curious specialize in revitalizi...
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Bone AI Secures $12M to Take on Asia's Defense Giants with AI Robotics
South Korea's defense industry is rapidly expanding with a $69 billion order backlog and has become the second-largest arms supplier to European NATO members, while its defense-tech startup ecosystem remains underdeveloped. Bone AI, a startup with dual headquarters in Seoul and Palo Alto, is deve...
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Krafton Shifts to AI-First Game Development
Krafton is adopting an "AI First" strategy, using agentic AI to automate tasks and restructuring its management and operations around this technology. The company is investing over 100 billion Korean won (about $70 million) in a GPU cluster to automate workflows, boost R&D, and enhance AI feature...
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Opera's New AI Browser Comes With a Price
Opera Neon is a new subscription-based AI browser priced at $19.90 per month, currently available only to a limited group of initial testers with others needing to join a waitlist. The browser integrates multiple specialized AI agents, including Tasks for creating project workspaces and Do for ha...
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Top AI Wearables and Gadgets to Buy Now
A new wave of AI-powered wearables, such as Bee and Friend, integrates intelligent assistance into daily life by capturing audio to provide personalized reminders, emotional support, and conversational interactions through companion apps. Devices like Limitless and Plaud’s NotePin focus on produc...
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EV Owners Face New Hurdle as Waymo's Robotaxi Fleet Tops 2,000
The electric vehicle market is facing challenges due to the transition to Tesla's charging standard and the expiration of federal tax incentives, which may reduce consumer confidence and sales. EV owners are dealing with increasing complexity from needing multiple charging adapters for different ...
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Verizon Lite Internet Expands Coverage to Rural Areas
Verizon has launched a new Lite home internet plan for rural and underserved areas, offering up to 25Mbps download speeds for basic online use at a standard price of $60 per month. The plan includes significant discounts for existing Verizon mobile customers, with bundled savings, autopay, and pr...
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OpenAI's ChatGPT Atlas: The New AI Browser Arrives
OpenAI has launched the ChatGPT Atlas browser, integrating AI directly into web surfing and initially releasing it globally for macOS, with other platforms to follow. The browser, built on Chromium, features the Operator AI agent for automated tasks like reservations and form completion, expandin...
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