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Nuclear startup X-energy raises $1B in data center-driven IPO

Cooling tower at nuclear power plant emits steam.

Nuclear startup X-energy raised $1 billion in its initial public offering yesterday, selling 44.3 million shares for $23 each, a hefty premium above the $16 to $19 per share it was seeking. Initially, the company had hoped to raise around $800 million. The stock is expected to begin trading on Friday on the Nasdaq Exchange […]

Pace Digitek partners with NEC XON, South Africa | Capital Market News

To facilitate market entry into select African markets Pace Digitek together with its subsidiary Lineage Power (LPPL) has announced an Original Equipment Manufacturer (OEM) partnership with NEC XON Systems Proprietary, South Africa. Under this partnership, NEC XON will market, distribute and deploy the Company’s product portfolio, including grid-scale Battery Energy Storage Systems (BESS) and related […]

Regulations should minimise non-compliance, boost activity: Irdai chief | Insurance News

Business Standard

Insurance Regulatory & Development Authority of India (Irdai) Chairman Ajay Seth said on Friday that the objective function of regulations should be to minimise non-compliance with rules and regulations while maximising the facilitation of economic activities.    Speaking at the release of the ‘Report on Regulatory Governance’ by Jindal Law School, Seth said […]

Another spyware maker caught distributing fake Android snooping apps

spyware illustrated; blank smartphone screen over a pink background of multiple eyes

Yet another government spyware maker has been caught after its customers used fake Android apps to install its surveillance software on targets, according to a new report. On Thursday, Osservatorio Nessuno, an Italian digital rights organization that researches spyware, published a report on a new malware it calls Morpheus. The spyware, which masquerades as a […]

Elon Musk and Sam Altman’s court showdown will dish the dirt

Elon Musk cofounded OpenAI, and then flounced off in a huff when he wasn’t anointed CEO, leaving Sam Altman as the last power-hungry man standing. Now, Musk is back with a lawsuit, and a trial is scheduled to start in Oakland, California, on April 27th. Theoretically, it’s a legal case about whether OpenAI defrauded Musk. […]

A new Republican privacy bill could be ‘worse than no standard at all’

Congress is once again attempting to pass a national data privacy law. But while it would introduce new protections in some states, it would weaken privacy rights in others — and it’s missing several elements that privacy advocates deem necessary. The SECURE Data Act is the product of a Republican data privacy working group led […]