TITAN Financial

2021-04-20 21:59:02 UFC-owner Endeavor aims to raise $511 million in U.S. IPO.

Endeavor Group Holdings Inc, an entertainment, sports, and talent agency company that owns the Ultimate Fighting Championship (UFC), said on Tuesday it was looking to raise up to $511 million in an initial public offering in the United States, as reported Reuters.

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2021-04-19 18:33:18 ​​The United States and China will work together to combat climate change.

The US and China are committed to working together to tackle climate change, raising the chances of a global deal on emissions at the UN summit this summer. John Kerry and Xie Zhenhua, climate ambassadors for the world's two largest economies, have pledged to work together “to combat the climate crisis”, pledging to take “concrete action in the 2020s” to reduce emissions in line with the 2015 Paris Climate Agreement of the year. Under the Paris Agreement, countries have pledged to limit global warming to “well below” 2 ° C, preferably around 1.5 ° C, over pre-industrial levels.

Li Shuo, an energy policy expert at Greenpeace in Beijing, said the US-Chinese announcement followed "difficult negotiations" and came "amid serious geopolitical issues." But it should dramatically increase the momentum for action to tackle climate change around the world. Coal was a key topic of discussion — China is the largest consumer of fuel in the world — but there were no specific new commitments in this area. In the statement, the countries pledged to cooperate in multilateral processes, including the upcoming UN climate conference COP26 in Glasgow.

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2021-04-15 21:57:59 ​​Startup Xwing hits a $ 400M valuation, after the latest funding round.

Xwing, the autonomous aviation company, performed its first self-contained, gate-to-gate commercial cargo plane demonstration flight. And on April 15 this year, the company said it raised $ 40 million in valuation after depositing $ 400 million in cash. The company aims to operate regular, fully unmanned commercial cargo flights.

Xwing is developing a stack of technologies to convert aircraft, including the widely used Cessna Grand Caravan 208B, to work offline. But first, there were several problems with perception, planning, and control that needed to be addressed. The company offered a range of solutions to address these challenges, including integrating lidar, radar, and cameras into aircraft; retrofitting of servo motors that control the rudder, braking, and other functions; and ensuring that they all communicate properly so that the aircraft understands where it is in space and can fly, as reported TC.

For autonomous flights, the company has FAA approval to fly under the Experimental Airworthiness Certificate for Research and Development, which was expanded last August to include a Special Flight Authorization for Optionally Manned Aircraft (OPA).

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2021-04-15 19:37:04 The EU will consider a ban on the use of artificial intelligence for mass surveillance and social credit scores.

The leaked 81-page document states that " indiscriminate surveillance of individuals should be prohibited if applied in a generalized manner to all individuals without distinction ". Regarding social credit assessment, which is already in use in China, the bill reported: “AI systems used to assess general social performance” should be banned. According to the document, some uses of "high-risk" AI can be banned, while others could not work if they do not meet certain standards, according to Politico.

The European Commission is trying to find a balance between supporting innovation and ensuring that AI benefits 500 million people. If the proposals are accepted, Europe could seceешde from the US and China, which have yet to impose any serious rules on AI.

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2021-04-14 18:35:05 Coinbase heads for $91 bln valuation in Nasdaq debut.

Cryptocurrency exchange Coinbase Global Inc was set to be valued at more than $91 billion in a stock market debut on Wednesday.

At 10:21 a.m. ET, the company’s stock was indicated to open at $350, up 40% from a reference price of $250 per share, making its implied value more than three times that of exchange operator Nasdaq, as reported MarketWatch.
The listing, launched directly to investors instead of through a traditional IPO process run by banks, marks a victory for digital currency advocates in a year that has seen a clutch of mainstream, top-tier firms dive into space. Coinbase stocks would also on Binance.

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2021-04-12 21:06:50 ​​Telegram plans to hold an IPO in 2023.

Telegram has begun preparations for the IPO - the likely timing of it - 2023. This information was confirmed by two other interlocutors of Vedomosti, one of whom — close to the auditor preparing Telegram for placement, the other — to an investment bank familiar with Telegram's plans. The messenger began pre-IPO diagnostics and is now choosing the region and exchanges on which plans to conduct an offering. An advantageous position for Telegram shareholders — a direct listing on the New York NYSE, says Petr Pokhvalin, managing partner of the VDI Group consulting company. This is the fastest way to get liquidity without the restrictions and costs associated with organizing an IPO.

The consultants propose to tie the company's valuation to the monthly number of active Telegram users and proceed from the estimate of one active user at $ 50. Benchmark for the assessment — the WhatsApp messenger. In 2014, Facebook acquired the company, which then had 450 million users, based on an estimate of $ 19 billion. Thus, Facebook then paid more than $ 42 for each WhatsApp user. The valuation of the entire company at $ 50 billion — quite close to reality, it can be realized in a favorable economic situation.

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2021-04-12 20:02:03 Microsoft will buy Nuance Communications.

Microsoft will buy Nuance Communications, an artificial intelligence and speech recognition software provider, for roughly $ 16 billion, as it expands its healthcare technology services.

By acquiring Nuance, Microsoft wants to expand its medical computing offerings. Both companies have already worked together to work with medical patients and medical care. Microsoft said that the acquisition would double the size of the healthcare market it competes into nearly $ 500 billion, according to NYT.

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2021-04-12 11:05:04 ​​Alibaba stock and fine payment details.

Alibaba Group Holdings Ltd (9988.HK) rallied as much as 9% in Hong Kong trading as a major source of uncertainty for the company has been removed, and the fine and action taken are no longer onerous after the relief. The Chinese authorities fined the company a record $ 2.78 billion for violating antitrust laws, and they agreed to the punishment, calling it fair.

In addition to imposing a fine, one of the world's highest antitrust penalties, the State Market Regulatory Administration (SAMR) has ordered Alibaba to make "thorough fixes" to strengthen internal compliance and consumer protection. The fine is more than double the $ 975 million paid in China by Qualcomm, the world's largest supplier of mobile phone chips, in 2015 for anti-competitive practices.

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2021-04-09 09:36:07 Saudi Arabia will build 7 new solar power plants.

Saudi Arabia has signed power purchase agreements with 7 new solar projects that will provide electricity to more than 600,000 households, Reuters reported.

Saudi Arabia's first renewable energy project was launched on Thursday. According to Crown Prince Mohammed bin Salman, by 2030 plans to produce half of the kingdom's electricity from gas and half from renewable sources. These figures will displace about 1 million barrels of oil equivalent to liquid fuels. According to SPA, the new projects will be considered, as independent electricity producers, and the Saudi Power Procurement Company will buy electricity for 20-25 years.

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2021-04-08 16:24:41 Twitter is integrating Nielsen's cross-media planning and measurement suite into Video Ad Platform.

Nielsen and Twitter today announced enhanced integration of Nielsen's cross-media audience measurement and results solutions into Twitter's video ad platform, as reported PRNewsWire. Nielsen is an American company, the largest independent marketing measurement firm in the FMCG, media measurement, and consumer research industries.

The integration includes a new subscription to Nielsen Media Impact (NMI) and Nielsen Ad Intel, as well as expanded access to Nielsen Total Ad Ratings (TAR). Together, these tools will enable Twitter to help video advertisers perform more robust pre-and post-campaign planning, maximize ad inventory, understand cross-media planning, and deliver campaign results with increased speed and flexibility.

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