OpenAI, SoftBank, and Arm compete to acquire the AI company Graphcore. This British startup has gained attention in the AI industry for its innovative hardware architecture and has received significant investment from various sources to support its research and development efforts. Since its launch in 2015, it has secured a total of $730 million in funding and currently holds a valuation of $2.7 billion.


Bridgit Mendler, former Disney star, becomes CEO of Northwood Space, a company focused on enhancing space communications. The startup is already on the radar of several venture capital investors, raking in $6.3 million in initial funding.


Apple faces its first antitrust fine from the European Union for impeding competition from music streaming rivals through restrictions on its App Store, marking the iPhone maker's first-ever penalty for violating EU regulations. The investigation began with Spotify’s complaint in 2019, and now the fine is expected to be around 2 billion euros.


Capital One closes a 35.3 billion deal to acquire Discover Financial Services. If antitrust 
regulators approve it, the merger will create the largest credit card company in the US. The merger has the potential to increase competition in the payment processing industry, which is currently dominated by Visa and MasterCard. This could be advantageous for consumers as it would compel issuers to compete in offering improved rewards on credit cards.


According to Bloomberg, Apple halts development of its electric car after a decade, 2.000 employees working on the project and over $10 billion invested. Instead, they have redirected the team's focus towards generative AI. The news indicates the conclusion of Apple's secretive endeavor to develop a vehicle to compete with Tesla.


Bitcoin reaches its all-time high price surpassing $69k acording to Coin metrics. The last time its price soared to a historic peak was in November 2021. With bitcoin on a hot streak, up 45% this year already, investors have warned about a cooling as unrealized profit margins approach extreme levels.


Alef Aeronautics, the flying car startup backed by SpaceX, has nearly 3,000 pre-orders even though the prototypes haven't taken off yet. The firms is planning to charge customers $300,000 for the Model A when it becomes commercially available that would give it a combined order value of more than $900 million to date.


Microsoft is looking beyond OpenAI to invest in AI. It has announced it wants more 
partnerships and will invest $2.1 billion in the French startup Mistral AI. ``I really think this day is one of the most important days in terms of Microsoft’s technology support for Europe,” Microsoft President Brad Smith told CNBC on Monday.