Tech Brew Ride Home Mon. 05/13 – The Solar Storm Is Real (Ask Farmers)
May 13, 2024
A recent solar storm caused chaos for farmers, disabling GPS during crucial planting time. In tech news, Squarespace is set to become a private company in a hefty $6.9 billion deal, while Raspberry Pi prepares for a major IPO. Waymo is making waves in the RoboTaxi market, boasting over 50,000 rides a week. Plus, Apple is in talks to enhance iOS with ChatGPT features, as they, alongside other streaming giants, look to reshape how Hollywood talent gets compensated.
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Solar Storm Impacts Farmers
- A solar storm disrupted GPS systems on tractors, impacting farmers' ability to plant crops accurately.
- This highlighted the vulnerability of modern farming technology to space weather events.
Squarespace Goes Private
- Squarespace is going private in a $6.9 billion deal, less than three years after going public.
- This highlights the increased private equity interest in companies that digitize business operations.
Raspberry Pi IPO?
- Raspberry Pi is rumored to go public with a valuation of $627 million.
- This valuation is up from a $500 million valuation from a minority stake acquisition by Arm Holdings in 2023.