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Drone maker AEVEX eyes $2.35 billion valuation in US IPO

April 9 (Reuters) - Private equity-backed drone maker AEVEX said on Thursday it was targeting a valuation of up to $2.35 billion in its U.S initial public offering, the latest defense firm looking to capitalize on investor appetite. The Solana Beach, California-based company, backed by... Read More.

Intel and Google to double down on AI CPUs with expanded partnership

April 9 (Reuters) - Intel and Google have expanded their partnership to advance the use of artificial intelligence-focused central processing units and to develop custom infrastructure processors, as shifting use of AI drives renewed demand for traditional computing chips. Companies are increasingly moving away from... Read More.