Bloomberg Technology
EV-Maker Rivian Comes to Market in Biggest IPO of the Year
Rivian Automotive Inc. raised about $11.9 billion in the year’s largest initial public offering Tuesday, pricing shares at $78 each. Bloomberg’s Craig Trudell reports. ——– Like this video? Subscribe to Bloomberg Technology on YouTube: Watch the latest full episodes of “Bloomberg Technology” with Emily Chang here: Get the latest in tech from Silicon Valley and…
Bloomberg Technology
Flow Engineering Raises $50M to Bring AI to Hardware
As AI is moving beyond software and deeper into the physical world, Flow Engineering just raised $50 million at a $750 million valuation to help companies use AI agents to design and build hardware. Flow Engineering founder and CEO Pari Singh and Roelof Botha, Flow investor and board member – formerly at Sequoia Capital –…
Bloomberg Technology
OpenAI’s $30B Bet, Trump’s AI Safety Shift and Apple’s Next Act
Bloomberg’s Ed Ludlow breaks down OpenAI’s plan to raise at least $30 billion from investors in a new round of funding after pushing back its plans for an IPO. Plus, President Trump supports using outside auditors to assess the safety of AI systems after meeting with Silicon Valley leaders; and Apple keeps pushing the envelope…
Bloomberg Technology
Saronic CEO: ‘Speed Is Everything’ in Shipbuilding
Saronic is breaking ground on what it says will be the largest and most advanced shipyard in America. Saronic co-founder and CEO Dino Mavrookas joins Ed Ludlow to discuss how its Port Alpha in Brownsville, Texas, is at the center of the defense tech company’s push to rapidly scale production of autonomous ships. He speaks…
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Tim R
November 10, 2021 at 10:58 pm
what a rip off IPO stock price is totally insane
the stock market needs reform and major correction now
stop over valuing for future possible ten years from now profit such a load of bullshit
‘this company is not worth more than $18 billion in assets and sales so should not be more than $20 a share