Saturday, October 2, 2021

Amazon-backed EV maker Rivian discloses nearly $1 billion losses in IPO filing

For the six months ended June 30, Rivian's net loss widened to $994 million from $377 million a year earlier, the company said in its filing with the US Securities Exchange Commission.

from Tech-Economic Times https://ift.tt/3FaFgOK

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AI risks spark 30% surge in India cybersecurity spends as enterprises ramp up defences

Corporate India is witnessing a significant surge in cybersecurity spending, up 30% year-on-year, as businesses race to safeguard data and A...