c3.ai C3.ai Targets Over $3 Billion Valuation Despite Stalling Revenue Growth Enterprise AI company C3.ai sets an initial IPO price range of $31 to $34 per share, targeting a valuation over $3 billion. This ambitious pricing occurs despite the company reporting nearly flat revenue growth in recent quarters.
cyber monday Cyber Monday Spending Hits $10.8 Billion Amid Muted Pandemic Holiday Season Cyber Monday 2020 generates $10.8 billion in US online sales, marking a 15.1% increase over last year despite falling short of initial projections. The pandemic alters consumer habits, pushing total holiday season e-commerce spending past $100 billion.
deepmind DeepMind AI Solves 50-Year-Old Protein Folding Challenge DeepMind's AlphaFold system accurately predicts protein structures to within the width of an atom, solving a major biological challenge. This breakthrough promises to accelerate drug design and disease research by replacing slow, expensive laboratory methods.
artificial intelligence Pandemic Accelerates Corporate AI Investments and Strategy Development The 2020 pandemic shows that organizations with strong technology investments survive and thrive, prompting many to speed up their AI adoption. A new survey reveals that a majority of companies now use artificial intelligence, though formal strategies remain surprisingly rare.
ps5 PS5 and Xbox Series X Scalpers Dominate Console Restocks Scalpers use automated bots to buy up PS5 and Xbox Series X stock, leaving regular gamers empty-handed. This shortage pushes desperate buyers to pay extreme resale prices well into 2021.
apple Apple's M1 Silicon Macs Earn Praise for Speed and Efficiency Reviewers marvel at the impressive performance, instant responsiveness, and excellent thermal management of Apple's first M1-powered Macs. However, the devices face criticism for retaining a lackluster 720p webcam.
tiktok TikTok Creator Charli D'Amelio Reaches Historic 100 Million Followers TikTok celebrates Charli D'Amelio as the first creator ever to reach 100 million followers on the platform. To mark the milestone, TikTok donates $100,000 in her name to a dance education nonprofit.
covid-19 Families Adapt Thanksgiving Traditions Amid Rising Covid-19 Cases Americans are finding creative, socially distanced ways to celebrate Thanksgiving as the pandemic forces them to abandon large family gatherings. From driveway dish swaps to video calls, holiday traditions look very different this year.
pfizer Pfizer Seeks Emergency Approval for Highly Effective COVID-19 Vaccine Pfizer officially asks U.S. regulators for emergency use authorization of its COVID-19 vaccine, which shows 95% effectiveness. Limited vaccine supplies could reach Americans by next month.
china China Halts Ant Group's $35 Billion IPO Over Lending Regulations Chinese regulators suspend Ant Group's massive initial public offering due to impending changes in internet micro-lending rules. Analysts warn the company's current valuation does not reflect the upcoming stricter financial environment.
pfizer Pfizer and BioNTech Request Emergency FDA Authorization for 95% Effective COVID-19 Vaccine Pfizer and BioNTech officially request emergency use authorization from the FDA for their highly effective COVID-19 vaccine. The companies plan to distribute millions of doses globally within hours of receiving approval.
black friday Black Friday Online Sales Smash Records As Shoppers Avoid Stores Black Friday online sales surge to record highs as consumers bypass physical stores amid the pandemic. Smartphones drive a significant portion of this historic digital shopping shift.
artificial intelligence Artificial Intelligence Delivers Cultural Shifts Alongside High-Profile Failures The past year shows artificial intelligence producing unexpected cultural moments while simultaneously suffering from highly publicized technical blunders. This contrast highlights the unpredictable nature of rapidly evolving AI systems.
spacex SpaceX Launches Public Beta for Starlink Satellite Internet SpaceX invites early registrants to test its Starlink satellite internet service for $499 in equipment costs and a $99 monthly fee. The "Better Than Nothing Beta" promises speeds between 50Mbps and 150Mbps.
slack Salesforce Acquisition Rumors Push Slack Stock Up 25 Percent Shares of Slack surge nearly 25 percent amid reports that Salesforce is considering acquiring the workplace chat platform. The potential deal aims to combine Slack's workflow tools with Salesforce's extensive CRM ecosystem.