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Embracer Group to Sell Saber Interactive, Developer of a New ‘Star Wars’ Game Remake, in $500 Million Deal

Swedish gaming company Embracer Group AB will sell one of its largest subsidiaries, Saber Interactive, to a group of private investors in a deal worth up to $500 million (roughly Rs. 4,142 crore), according to a person familiar with the transaction.Saber will become a privately owned company with around 3,500 employees, said the person, who asked not to be identified discussing nonpublic information. The company plans to continue developing a remake of Star Wars: The Knights of the Old Republic, the highly anticipated…

Elon Musk Sues OpenAI for Not Being Open, Says He Wants His $44 Million Back

Elon Musk has never shied away from critiquing OpenAI, the company behind ChatGPT that he cofounded back in 2015. He doesn’t like the fact that the company decided it wants to make money after it was founded as a nonprofit. Now, Musk is doing something about it: He’s asking a court to force OpenAI to carry out its nonprofit mission. Oh, and he wants his $44 million in donations back.Did Elon Musk Regret Buying Twitter? | Walter Isaacson InterviewMusk sued OpenAI and its CEO Sam Altman in a San Francisco court on Thursday,…

Myntra: Myntra secures $54 million fund infusion from parent Flipkart

Myntra received a $54 million fund infusion from parent Flipkart, at a time when the online fashion platform is witnessing intense competition from Reliance’s Ajio and Tata Cliq.According to regulatory filings made in Singapore, Myntra’s holding company, FK Myntra Holdings Pvt Ltd, received the fund in January, making it the second investment from Flipkart in a year. Flipkart had infused $105 million into Myntra in March 2023.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School…

Meta takes down 22 million pieces of harmful content on FB and Instagram in India during January – India TV

Image Source : FILE Representational Image Meta Monthly Compliance Report: Meta, the parent company of Facebook and Instagram, disclosed that it eliminated over 17.8 million pieces of harmful content from Facebook and more than 4.8 million from Instagram in India during January 2024. User reports and grievance mechanism In January, Facebook received 29,548

Funding: Privacy tech startup Silence Laboratories raises $4 million in funding led by Pi Ventures

Silence Laboratories, which builds products to help enterprises and companies ensure data privacy through technologies like multiparty computation (MPC), has raised $4.1 million in a funding round.The round was led by Pi Ventures and Kira Studio, along with other angel investors. The newly-acquired funds are earmarked for scaling up its tech and business team, and to invest in research and development initiatives, the company said.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteMITMIT…

Christie’s sells Rothko painting for $100 million in a secret sale

Christie's auction house in New York.CNBCA version of this first article appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.Auction house Christie's just sold a painting for more than $100 million, although the artwork, the buyer and the seller were officially kept a secret.In an interview with CNBC, CEO Guillaume Cerutti said Christie's sold a painting in January in a private sale with a…

Electricity: Nigerian govt offsets $120 million debt to Gas companies

The Nigerian government has paid over $120 million to offset some of the debts owed to the gas companies (GasCos), an official has said. The Director, Decade of Gas Secretariat, Ed Ubong, disclosed this at the ongoing 7th edition of the Nigeria International Energy Summit (NIES 2024) in Abuja on Thursday. “The arrears gas producers are owed as of last year was about $ 1.3 billion. But I am pleased that between October 2023 and the end of January, the government has paid over $120 million to offset some of that…

Lightning maps show where 36.8 million strikes sizzle the US each year

Do you live in a lightning hotspot? A new set of maps shows just where all that discharged electricity makes contact with the ground across the United States each year. Tip: If you're worried about getting hit, you might want to skip Florida.That's because, according to the maps, Florida is the United States' hotspot for lightning strikes. In fact, the Miami-Fort Lauderdale area alone had more than 120,000 lightning strokes in 2023.The maps were created by Chris Vagasky, a meteorologist from the University of…

BTC To Hit $20 Million? Bitcoin Exec Makes Bold Forecast; Emerging AI Altcoin Predicted to Reach New Price Heights

In the electrifying realm of cryptocurrencies, where the unexpected becomes the norm, two narratives are captivating the community’s imagination. Rip VanWinkle, a forward-thinking exec at Bitcoin company Swan, has just dropped a forecast that could make even the most stoic of HODLers do a double-take: Bitcoin hitting $20 million by 2029. Meanwhile, Borroe Finance, an emerging AI altcoin, is turning heads with its presale buzz, hinting at unprecedented price heights. Let’s dive into these exhilarating…