Rivian is valued at more than $100 billion after the world’s largest Initial Public Offering (IPO). There was a 30% jump from the initial public offering of shares, to $100.73. With this IPO, Rivian is the second most valuable automaker in the US. Where Tesla is evaluated to be $1.06 trillion, being the first most valuable automaker.
Indian artificial intelligence startup Sarvam AI has strengthened its leadership team by appointing Devendra Singh Chaplot as an adviser. The move comes as Sarvam expands its efforts to...
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Saudi billionaire Prince Al Waleed bin Talal Al Saud has increased his bet on Lucid Motors, acquiring a 5% stake in the luxury electric vehicle manufacturer at a...
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BMW is preparing for one of its biggest workforce restructurings in recent years, announcing plans to reduce approximately 8,000 jobs by the end of 2027. Rather than resorting...
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