GoKawiil
Tech News
Elice, a South Korean AI data center firm, listed on the country's secondary market and saw its shares crash more than 30% on their first day of trading. The slump came as Asian and European tech stocks broadly declined, reversing Monday's brief rebound in AI-related shares on Wall Street, with CoreWeave closing lower despite a Goldman Sachs upgrade.
Paramount Skydance reached a settlement with state attorneys general who had sued to block its $110 billion merger with Warner Bros. Discovery, avoiding a trial that was scheduled for next spring. As part of the deal, Paramount agreed to boost domestic production, follow certain theatrical release rules, and create a new board to oversee editorial independence at CBS News and CNN. CEO David Ellison told staff the company now expects to close the merger within about two weeks.