Shares of enterprise software firm C3.ai, which sells artificial intelligence technology, surged in their first few hours of trading in the public markets Wednesday. Led by former Oracle executive Tom Siebel, C3.ai raised $651 million in its initial public offering at a price of $42 per share, up from a range of $36 to $38. That implies a market capitalization of over $4 billion. C3.ai shares...
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Samsung’s Peacock Standoff with NBCUniversal Shows Power of TV Makers
As streaming TV becomes the default viewing option for Americans, the makers of streaming devices are taking the place of cable operators as gatekeepers, deciding what streaming services will be available to viewers. Increasingly the gatekeepers include not only Roku and Amazon but smart TV makers such as Samsung. NBCUniversal is learning that the hard way as it battles to get its Peacock...
Walmart’s Marc Lore Is Stepping Down
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