Author: Max Smith
Cybersecurity software company Rubrik announced this week that it will seek a $5.4 billion valuation in its initial public offering as the stock market recovers and demand for security increases due to a rise in cyberattacks.Rubrik said it will raise $713 million in an initial public offering scheduled for April by selling 23 million shares priced between $28 and $31 per share. The company provides data security solutions to more than 6,100 customers, including consumer electronics manufacturers Whirlpool, PepsiCo and Goldman Sachs, according to its website. Venture capitalist Vipul Sinha founded the company in 2013 and released its first product…
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Los Angeles, April 19, 2024–(BUSINESS WIRE)–Faraday Future Intelligent Electric, Inc. (“Faraday Future” or the “Company”) (NASDAQ: FFIE) is a California-based global shared intelligent electric mobility ecosystem company. Today, we announced that we received the letter. (“Nasdaq Letter”) from the Nasdaq Stock Market (“Nasdaq”) dated April 18, 2024, indicating that the Company did not comply with Nasdaq Listing Rule 5250(c)(1). The Nasdaq Letter was issued in accordance with Nasdaq's standard procedures due to the late filing of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2023 (“Form 10-K”). The Nasdaq Letter allows 60 calendar days…
Four vehicles were reportedly broken into by breaking the back windows, said Chief Deputy Barry Riley of the Warren County Sheriff's Office. Unattended wallets and handbags were stolen from vehicles. “The 128-acre WC Sports Park is under 24-hour video surveillance and the video collected Thursday night is currently under review,” said Philip S. Smith, president and CEO of the Warren County Convention and Visitors Bureau. he said. A major sports complex with 18 international-sized soccer fields, six baseball fields, parking and concession areas will host major youth sports weekends. Youth competitions such as the Kings Hammer Women's Blue Chip Showcase…
The Dutch KNVB football association handed Vitesse Arnhem an 18-point penalty on Friday, making relegation a mathematical certainty for the struggling team. This is the largest penalty of its kind in Dutch football history. But the club said it had no plans to appeal and welcomed the lifeline offered by the KNVB, which would at least allow it to retain its license and continue as a club. The club has been in turmoil for some time following a failed attempt to break free from Russian ownership following the invasion of Ukraine and EU sanctions against the current owners. Vitesse were…
In a poll that ended April 19th, Cincinnati.com readers selected Beacon Orthopedics and Sports Medicine's Athlete of the Week from high school sports activities through April 14th.The Enquirer mailed winter winners' certificates to the athletic department by April 5. The next round is scheduled to take place in late May or early June.The Beacon Orthopedics & Sports Medicine Athlete of the Week poll takes place during the entire high school season and recognizes athletes from all sports. Here are this week's winners.more:How to add your name to the Cincinnati Enquirer's 2023 High School Athlete of the Week ballotOhio State Baseball…
Investors were feeling quite pessimistic about the semiconductor industry as the trading week drew to a close. Many stocks in the sector had soared on high hopes that artificial intelligence (AI) would boost performance. However, there are some harsh criticisms in the recent financial reports of major chips companies, especially in the guidance posted by Sector King. taiwan semiconductor manufacturing (NYSE:TSM) –led to a fairly broad-based decline on Friday.Taiwan Semi, which fell more than 3%, was a good enough company.storage chip specialist micron technology (NASDAQ:MU) Analog chip makers ended the day down nearly 5%. texas instruments (NASDAQ:TXN) It fell more…
In this week's artificial intelligence (AI) news, Sen. Mitt Romney's effort to increase federal oversight of AI faces challenges, and game developer RiseAngle uses AI to improve workflows. and how the NSA warns of AI cybersecurity threats. Experts point out challenges with proposed federal oversight of AI Sen. Mitt Romney's proposal to increase federal oversight of artificial intelligence (AI) is facing a roadblock. Experts highlight the challenge that the technology's rapid evolution and diverse applications make effective regulation difficult. Observers acknowledge the potential dangers of AI, but point to the complexity of determining which systems require intense oversight. They advocate…
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The European Union (EU) cyber security directive (NIS2). The new rules will apply to a wide range of businesses in many sectors, creating new cybersecurity obligations and imposing steep fines for non-compliance. EU countries have until October 17, 2024 to transition to the new rules. As the deadline approaches, businesses need to assess the impact on their cybersecurity strategy. This alert summarizes a company's key obligations. EU Cybersecurity Framework In December 2020, the European Commission announced a proposal to repeal the NIS Directive as part of its regulations. EU Cybersecurity Strategy. The aim of this strategy is to strengthen the…