Search Results for:Stephen Nellis

Spotify CEO eligible to sell up to $2b stake in direct listing

Instead of a traditional IPO, Spotify plans a direct listing, which will let investors and employees sell shares without the company raising new capital.

SoftBank, Sequoia back former Baidu exec Andrew Ng’s $175m AI fund

Ng has formerly led artificial intelligence projects at Alphabet Inc’s Google and Chinese firm Baidu Inc.

China regulators start antitrust review of Toshiba’s $18b chip unit sale: Report

The embattled Japanese conglomerate has said it would like to see the deal close before the end of March. China’s anti-trust watchdogs have become increasingly active in terms of scrutinising global deals, especially in sensitive, strategic sectors like semiconductors where the review process can take up to 180 days – once it officially starts. In some cases, it may take even longer.

Google Brain co-founder Andrew Ng partners Foxconn to bring AI to factories

Ng said that while typical computer vision systems might require thousands of sample images to become “trained,”’s system would take only five training images, making it easier to adapt to different tasks in a factory.

Apple in talks to acquire music identification app Shazam

Apple could pay about $400 million for Shazam and a deal could be signed as early as next week.

Toshiba disputes Western Digital claims on investment talks

Toshiba and Bain Capital, SK Hynix’s financial backer, say that Western Digital’s consent rights are limited and don’t give it the power to stop a deal.

Western Digital refuses to drop merger objections in Toshiba talks

Western Digital has sought an injunction with the International Court of Arbitration, arguing that any Toshiba deal will need its consent.

Seagate pledges not to buy stake in Toshiba chip unit for 10 years

The pledge was made as Toshiba’s chip joint venture partner Western Digital Corp objected to the unit’s sale to rivals.

Tencent backs $300m round in Android creator’s startup

Access Technology Ventures led the round in Essential Products.