On March 29, 2020, Diamond Sports, the largest owner of regional sports networks in the United States, filed for Chapter 11 bankruptcy protection. The company, formerly known as Fox Sports Networks, owns and operates 19 regional sports networks across the country, including Fox Sports Arizona, Fox Sports Detroit, and...
Read moreThe Abu Dhabi AI firm G42 owned by the Spy Chief of UAE has invested in ByteDance. The Company was valued at about $220 billion in a recent private market by Abu Dhabi artificial intelligence firm G42, a significant discount to the $300 billion set in the TikTok owner's...
Read moreIn recent times, the Global financial stocks of technology industry has been at the forefront of global economic growth. Among the most successful tech companies are those based in Silicon Valley. However, a recent announcement by Silicon Valley Bank (SVB) caused a significant drop in financial markets worldwide, leading...
Read moreSpaceX has announced that it plans to test cellular service on the Starlink satellite network in partnership with T-Mobile later this year. The test will involve using Starlink's satellite internet service to provide cellular connectivity in remote areas where traditional cell towers are not available. The move comes as...
Read moreSilicon Valley Bank, one of the most prominent and influential banks in the technology industry, is reportedly up for sale in an ongoing auction process. The bank has been a key player in the tech industry since its founding in 1983, providing banking services to startups and established companies...
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