An Allegiant Airlines jet flies out of Las Vegas Airport. Nick Potts | Getty Images Allegiant said Sunday it is acquiring fellow budget carrier Sun Country in a $1.5 billion cash deal. The plan for a combination comes as budget airlines in the U.S. have faced a surge in costs following the pandemic and the increase…
The Zhipu AI logo is seen displayed on a smartphone screen. Sopa Images | Lightrocket | Getty Images Shares of Knowledge Atlas Technology JSC, better known as Zhipu, edged higher on their Hong Kong debut, following a $558 million initial public offering that made it the first of China’s “AI tigers” to go public. The…
File: President Donald Trump looks on after signing an executive order in the Oval Office of the White House on April 9, 2025. Saul Loeb | Afp | Getty Images A company owned by a Chinese national was ordered by U.S. President Donald Trump on Friday to unwind a $2.9 million acquisition of chip assets…
The logo of Meta is seen at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, on June 11, 2025. Gonzalo Fuentes | Reuters Meta Platforms said Tuesday that it has acquired Manus, a Singapore-based developer of general-purpose AI agents, as the tech giant continues its…
Medianews Group/boston Herald Via Getty Images | Medianews Group | Getty Images Los Angeles resident Ruth Horne, 76, enticed by a bargain, bought what she thought was a Roomba to vacuum her house, but the experience ended in frustration. “It kept getting stuck somewhere and would then just go around in circles,” Horne said. She…
Warner Bros. Discovery (WBD) The board of directors has rejected $108 billion hostile takeover bid David Allison of Paramount Skydance described the proposal as “illusory” and said that Paramount had misled shareholders about its financing. saying that he wants to respect it Preliminary agreement to sell NetflixWBD’s board wrote in a letter to shareholders that…
Slope, a lending startup that uses artificial intelligence to vet businesses, is partnering with Amazon starting Tuesday to provide a reusable line of credit to Amazon sellers, backed by a JPMorgan Chase credit facility, the company told CNBC exclusively. The new relationship means eligible U.S. Amazon vendors can apply for and access capital directly through…
Illustration of the SK Hynix company logo seen displayed on a smartphone screen. Sopa Images | Lightrocket | Getty Images South Korea’s SK Hynix on Wednesday confirmed that it is weighing a U.S. listing as the memory chipmaker’s valuation soars on global demand for artificial intelligence hardware. The company at the center of the AI…
Paramount Skydance CEO David Ellison at Netflix’s “America’s Team: The Gambler and His Cowboys” at The Egyptian Theatre in Los Angeles, Aug. 11, 2025. Gilbert Flores | Variety | Getty Images Paramount Skydance laid out its plan Monday to persuade Warner Bros. Discovery shareholders that it’s a better buyer for the company than Netflix. The…
IBM is buying data infrastructure company Confluent for $11 billion in cash to strengthen its data and automation products as more and more companies move their technology operations to the cloud and deploy AI technology. The tech giant said it would offer $31 for each Confluent share, about 50% more than where the small company’s…
