spac

3+ articles

2025 AI AI Chip Blaize Cathie Wood

Cathie Wood Ditches Oklo: A Strategic Play or a Sign of Market Caution?

Cathie Wood has decided to sell off shares in Oklo, a pre-revenue nuclear power company backed by OpenAI’s Sam Altman. The decision comes after Oklo’s stock prices skyrocketed by 500% since August 2024, driven primarily by AI hype rather than business fundamentals. This article breaks down the reasons behind Wood's divestment and the potential ripple effects across the market.

Feb 24

Cathie Wood Ditches Oklo: A Strategic Play or a Sign of Market Caution?

Getaround Abruptly Shuts Down U.S. Operations Amid Financial Woes

In a shocking move, San Francisco-based Getaround has announced the closure of its U.S. operations due to severe liquidity issues, leaving nearly all American staff jobless. The surprise shutdown began on February 7 and will culminate on February 14. Despite the end of its U.S. presence, Getaround plans to continue its European operations, banking on the success of its 2019 Drivy acquisition. As the tech industry continues to face sweeping layoffs, Getaround's exit underscores the fragility of the P2P car-sharing market in America.

Feb 13

Getaround Abruptly Shuts Down U.S. Operations Amid Financial Woes

Blaize, the First AI Chip Startup Going Public in 2025, Seizes the Edge AI Market!

Blaize, an innovative AI chip startup, is set to become the first AI chip company to go public in 2025 through a SPAC merger. Founded by former Intel engineers, Blaize has drawn funding from big names like Samsung and Mercedes-Benz, and focuses on edge AI applications for smart products and industrial robots. Despite current financial losses, the company eyes profitability through $400M in potential deals and a major defense contract, with a projected $1.2 billion valuation post-merger.

Jan 17

Blaize, the First AI Chip Startup Going Public in 2025, Seizes the Edge AI Market!