February 13, 2024

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Skylo Secures $37 Million in Funding to Expand the Satellite Communication Network

Key Points: Skylo Technologies secures funding from corporate venture arms led by Intel Capital and Innovation Endeavors. The startup aims to bridge the gap between satellite and terrestrial communications. The company's approach emphasizes ubiquitous connectivity and seamless integration with existing networks. Skylo is generating revenue, expanding its workforce, and extending its network reach across multiple regions. Skylo Technologies, a Silicon Valley-based space startup, has secured $37 million in funding from corporate venture arms, including Intel Capital, BMW i Ventures, and...

Latest February 13, 2024

US Stock Market Movements and Company Highlights: January’s Financial Landscape

Key Points: Stock futures decline ahead of U.S. inflation data release. JetBlue surges 14% as activist investor Carl Icahn discloses a 9.9% stake, citing undervaluation. Hasbro faces an 11% decline due to lower-than-expected Q4 earnings and a 23% revenue drop. Investors are encouraged to consider Tesla's potential rebound in the next 12 to 18 months. Stock futures declined in anticipation...

Uber Technologies, Inc.

Uber Technologies, Inc. revolutionized transportation with its mobile app-based ride-hailing services. Founded in 2009 by Garrett Camp and Travis Kalanick, Uber's platform operates in over 900 metropolitan areas worldwide. It offers users convenient, real-time transportation solutions, reshaping urban mobility. Despite facing regulatory hurdles and controversies, Uber diversified its services to include food delivery through Uber Eats and other ventures. Its...

European Parliament Committees Approve Landmark AI Act Ahead of Legislative Vote

Key Points: European Parliament committees approve a provisional agreement on landmark AI rules, known as the AI Act. The AI Act aims to establish guidelines for AI use across various industries and sectors. MEPs endorse the agreement, emphasizing the importance of safety and compliance with fundamental rights. Two influential groups of lawmakers at the European Parliament ratified a provisional agreement...

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