Babylon Health—maker of a popular telehealth app—has announced it plans to go public in the U.S. via a merger with a Tennessee-based special purpose acquisition at a valuation of $4.2 billion. The British company said the planned merger with the SPAC called Alkuri Global Acquisition Corp., led by former Groupon executives Rich Williams and Steve Krenzer, would include $525 million from the...
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Nvidia Deepens Push Into AWS’ Turf
Nvidia’s ambition to compete with Amazon Web Services is growing. Nvidia is best known for designing server chips for artificial intelligence, but it has been running a nascent cloud service for corporate customers that develop AI with those chips. Nvidia operates the service, DGX Cloud, with servers located in the data centers of Microsoft, Oracle and Google, which limits what Nvidia can...
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