Web design news

• UK chip designer Arm valued at $50B ahead of today’s IPO

  14-09-2023 11:39 via thenextweb.com
  
  And thus, after months of anticipation and speculation, the day of Arm’s IPO is upon us. The SoftBank-owned chip design company will begin trading in New York today, Thursday, with shares priced at $51 (€47.51) apiece. This gives Arm a valuation of $52.3bn (€48.7bn).  Japanese SoftBank intends to hold onto just above 90% of the company. Still, the heavily oversubscribed round is set to raise about $4.9bn for Arm’s owners. Big tech customers of Arm’s designs have
  
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• X Shore’s first commercial electric boat will bring students to school

  14-09-2023 08:05 via thenextweb.com
  
  X Shore, Sweden’s award-winning electric boat manufacturer, is launching its third model — and the first one dedicated to maritime professionals. Dubbed X Shore Pro, the electric vessel has been designed for companies and organisations with operations ranging from shuttle services and diving to commercial traffic and coast guards. Notably, one of the first boats sold will transport students to school in the Swedish archipelago. The X Shore Pro represents the company’s “n
  
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• Ubotica and IBM bring one-click deployment of AI on board satellites

  14-09-2023 00:05 via thenextweb.com
  
  Amid the increasing commercialisation of space tech, Ubotica has partnered up with IBM to simplify the use of AI applications on board low-Earth-orbit (LEO) satellites. Founded in 2016, the Dublin-headquartered startup provides its CogniSAT edge computing platform for artificial intelligence systems on satellites, which enables AI inference to be performed on data directly in space. This is with the aim of addressing a pressing challenge: the costly and time-consuming storage and processing of
  
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