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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.

US container imports down 1% in March, Descartes says

By Lisa Baertlein LOS ANGELES, April 9 (Reuters) - U.S. container import volumes fell 1.1% in March from last year, supply chain technology provider Descartes Systems Group said on Thursday. U.S. seaports last month handled 2,353,611 20-foot equivalent units (TEUs), the standard measure for container volume. While... Read More.