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Scale AI seeking valuation as high as $25 billion in potential tender offer, Business Insider reports

Scale AI seeking valuation as high as $25 billion in potential tender offer, Business Insider reports

(Reuters) - Artificial intelligence startup Scale AI is seeking a valuation as high as $25 billion in a potential tender offer as it looks to capitalize on the booming demand for the technology, Business Insider reported on Friday, citing multiple sources.Top tech companies are racing to build AI into their products and services. Startups catering to the surge in demand for AI chips and machine le ...

2025-03-30 05:11:14
Wall Street tumbles as fresh data fuels inflation fear

Wall Street tumbles as fresh data fuels inflation fear

By Noel Randewich and Pranav Kashyap(Reuters) - Wall Street stocks ended sharply lower on Friday, with selloffs in Amazon (NASDAQ:AMZN), Microsoft (NASDAQ:MSFT) and other technology heavyweights, after U.S. data stoked fears of weak economic growth and high inflation as the Trump administration ratchets up tariffs.U.S. consumer spending rebounded less than expected in February while a measure of u ...

2025-03-30 05:09:57
US FDA approves Sanofi’s bleeding disorder therapy

US FDA approves Sanofi’s bleeding disorder therapy

By Sriparna Roy and Padmanabhan Ananthan(Reuters) -The U.S. Food and Drug Administration approved French drugmaker Sanofi (NASDAQ:SNY)’s hemophilia therapy, introducing a new type of treatment administered every two months for patients with the rare blood clotting disorder, the regulator said on Friday.U.S.-listed shares of Paris-based Sanofi closed 1.7% higher.Sanofi’s subcutaneous, or unde ...

2025-03-30 05:08:41
Trump pardons BitMEX co-founders, White House official says

Trump pardons BitMEX co-founders, White House official says

(Reuters) -U.S. President Donald Trump has pardoned the three co-founders of cryptocurrency exchange BitMEX, a White House official said on Friday.In addition, former employee Gregory Dwyer and an entity owning and operating the crypto exchange received full and unconditional pardons, BitMEX confirmed in an emailed statement to Reuters.CNBC was the first to report that on Thursday, Trump granted p ...

2025-03-30 05:07:09