StandardAero, a U.S. aircraft maintenance services provider, priced its U.S. initial public offering above its indicated range to raise $1.44 billion, people familiar with the matter said on Tuesday. Scottsdale, Arizona-based StandardAero, which is backed by buyout firm Carlyle, priced its offering at $24 apiece, above its range of $20 to $23, the sources said,… Continue reading Carlyle-backed StandardAero looking to raise $1.44b in IPOStandardAero priced its offering at $24 apiece.
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Quadria Capital said to weigh investment in Vietnam’s Tam Tri MedicalThe transaction might create an exit for VinaCapital.
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IFC mulls anchor investment in Asia Debt Opportunities Fund IIThe fund will focus on distressed debt, special situations, asset-backed credit portfoli…
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Peak XV trims $2.85b fund citing ‘richly priced public market’ in IndiaAs part of Sequoia, Peak XV raised $2.8 billion in 2022 — including $2 billion …
Peak XV, one of the largest venture capital firms in India and Southeast Asia, announced that it is reducing the size of its $2.85-billion fund by 16%, attributing the decision to soaring valuations in a richly priced public market. In a LinkedIn post on Wednesday morning, Peak XV said, “In the context of a richly… Continue reading Peak XV trims $2.85b fund citing ‘richly priced public market’ in IndiaAs part of Sequoia, Peak XV raised $2.8 billion in 2022 — including $2 billion …
Clean Technica: Cruise And Its Parent Company, General Motors, Must Pay $1.5 Million Penalty003631
Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! General Motors (GM) CEO Mary Barra admitted earlier this year that the company faltered in 3 important areas in 2023: manufacturing electric vehicles (EVs), addressing software issues, and making sense of its self-driving division called Cruise. The last area… Continue reading Clean Technica: Cruise And Its Parent Company, General Motors, Must Pay $1.5 Million Penalty003631
Man Baffled When He Shows Up for Job Interview and the Interviewer Is an AI Avatar
“Laughable at best and terrifying at worst.” Tell Me a Story When being evaluated for a job, employment seeker and marketer Jack Ryan found himself being interviewed by an artificial intelligence-powered avatar — and was not exactly thrilled with the experience. Ryan told 404 Media that the avatar he interviewed with, which was developed by a… Continue reading Man Baffled When He Shows Up for Job Interview and the Interviewer Is an AI Avatar
Scientists Stumped by “Dozens” of Gigantic Holes at the Bottom of a Lake
“They are in deeper water… and weren’t known before, as far as we can tell.” Hole Up There are “dozens” of holes lining the floor of Lake Michigan — and scientists are stumped as to why they’re there. As LiveScience reports, researchers at a protected region of the Great Lake are less sure than ever about… Continue reading Scientists Stumped by “Dozens” of Gigantic Holes at the Bottom of a Lake
Facebook Is Being Flooded With Gross AI-Generated Images of Hurricane Helene Devastation
As families desperately seek to find missing loved ones and communities grapple with immeasurable losses of both life and property in the wake of Hurricane Helene, AI slop scammers appear to be capitalizing on the moment for personal gain. A Facebook account called “Coastal Views” usually shares calmer AI imagery of nature-filled beachside scenes. The account’s banner… Continue reading Facebook Is Being Flooded With Gross AI-Generated Images of Hurricane Helene Devastation
Self-Styled “AI Artist” Furious That People Are “Blatantly Stealing My Work”
That’s a good one. Irony Deficiency Jason Allen, the AI “artist” whose image he created with Midjourney won a fine arts competition two years ago, is still mad that the government won’t let him copyright his opus — and, in an amazing lack of self-awareness, is also crying that his work is being stolen as… Continue reading Self-Styled “AI Artist” Furious That People Are “Blatantly Stealing My Work”
Elon Musk Has Wiped Out a Shocking Amount of Twitter’s Value In Less Than 2 Years
Ouch. Financial Disaster Multi-hyphenate billionaire Elon Musk’s social media platform X-formerly-Twitter has lost a shocking amount of its value ever since he took over in late 2022. According to recently released disclosures, the stake of investment asset manager Fidelity’s Blue Chip Growth Fund has dropped in value by a shocking 78.7 percent. Fidelity invested $19.66… Continue reading Elon Musk Has Wiped Out a Shocking Amount of Twitter’s Value In Less Than 2 Years