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Shares of Asian AI-linked companies fall, tracking declines in US peers, as investors worry about stretched valuations; SoftBank falls 9%+, Advantest 7%+ (Lee Ying Shan/CNBC)

Lee Ying Shan / CNBC : Shares of Asian AI-linked companies fall, tracking declines in US peers, as investors worry about stretched valuat...

20 February 2025

Austin-based autonomous shipbuilding company Saronic raised a $600M Series C led by Elad Gil at a $4B valuation, and unveiled plans for a next-gen shipyard (Courtney Albon/Defense News)

Courtney Albon / Defense News:
Austin-based autonomous shipbuilding company Saronic raised a $600M Series C led by Elad Gil at a $4B valuation, and unveiled plans for a next-gen shipyard  —  Texas-based Saronic Technologies announced Tuesday it raised $600 million in private funding to build an autonomous shipyard it's calling Port Alpha.

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