Infinite Reality, a creator of virtual, AI-powered immersive experiences, signed a definitive agreement to acquire the Drone Racing League for $250 million. The acquisition bolsters Infinite Reality's capabilities and IP, and boosts its valuation to $3.5 billion, up from $3 billion earlier this month. Recognized for accelerating professional drone racing into the mainstream through high-tech […]
Link: Infinite Reality buys Drone Racing League for $250MPinned post
Chinese AI chip startup Biren surged as much as 119% in its Hong Kong debut, after raising ~$717M in an IPO priced at ~$2.52 per share (Bloomberg)
Bloomberg : Chinese AI chip startup Biren surged as much as 119% in its Hong Kong debut, after raising ~$717M in an IPO priced at ~$2.52 ...
