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Lightelligence, a pioneering photonics chipmaker, experienced a nearly 400% surge in its Hong Kong IPO, signaling investor confidence in optical interconnect technology as the future solution to AI’s data transfer challenges.
Apple has announced continued supply shortages for its Mac mini, Studio, and Neo models, attributing the surge in demand to the rising use of AI technologies.
Subscription billing fintech Skio has been acquired by competitor Recharge in a deal valued at $105 million, marking a significant return for the startup that raised just $8 million, according to its founder.