Binance Founder Changpeng Zhao Claims His US Encryption Exchange Arm Targets IPO Within 3 Years: Report

Changpeng Zhao, founder and CEO of Binance, the global cryptocurrency exchange, said his US arm could have an initial public offering within the next three years, The Information reported on Wednesday. “Binance.US will just do what Coinbase did,” Zhao said, according to the report. Binance.US is also expected to end a large round of private … Read more

Elon Musk, CEO of Tesla, signals competition concerns about Nvidia-Arm deal: report

Tesla Chief Executive Elon Musk has signaled concerns about competition over Nvidia’s planned purchase of British chip designer Arm, the Telegraph reported on Saturday, citing several sources. E-commerce giant Amazon and smartphone maker Samsung also opposed the deal with US officials, the newspaper reported. Earlier this year, the US Federal Trade Commission opened an in-depth … Read more

Nvidia said to seek EU antitrust approval for a $54 billion armed deal

Nvidia is likely to seek EU antitrust approval for its $54 billion (about Rs. 3,97,240 crore) acquisition of British chip designer Arm early next month, with regulators expected to launch an investigation into large scale after preliminary review, people familiar with the matter said. The world’s largest maker of graphics and AI chips announced the … Read more

Nvidia-ARM’s $40 Billion Deal May Harm Competition, Needs Long Investigation: UK Regulator

Nvidia’s planned $40 billion acquisition of British chip designer ARM hit a major hurdle on Friday after a UK regulator found it could hurt competition and weaken rivals, and demanded a longer investigation. Closed in September last year, the deal for Britain’s most important technology company by the world’s largest maker of graphics and AI … Read more

Nvidia says talks on a $40 billion arms deal take longer than expected

Nvidia said on Wednesday that talks with regulators to release its $40 billion (about INR 2.97.905 million) proposed takeover of British semiconductor technology company Arm are taking longer than expected. The release came as Nvidia, the world’s largest maker of gamer graphics chips and data center artificial intelligence chips, forecasts third-quarter revenue above Wall Street’s … Read more