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Reliance says its $3.4 billion deal with Future Group ‘cannot be implemented’

4 min•26 april 2022

Reliance Industries “cannot implement” its $3.4 billion deal to acquire several parts of retail chain Future Group after secured creditors rejected the offer earlier this week, India’s most valuable firm said in a stock exchange filing on Saturday.

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Fler avsnitt av TechCrunch Industry News

The real AI race may no longer be at the frontier

15 juli•8 min

Apple says former employee exploited ‘rare’ bug to download confidential files after leaving for OpenAI; plus, Sam Altman’s space data center trash talk is what most experts already believe

14 juli•9 min

Character.ai enters the microdrama arena with its own productions, but with a twist; plus, ‘Slow-cial’ app Roost forces you to slow down to the speed of a carrier pigeon

10 juli•9 min

Venus Williams-backed WeWard can now lock your apps until you hit your steps; plus, Apple to produce Made in America wireless chips with Broadcom

The ‘first’ AI-run ransomware attack still needed a human; plus, hacktivists call out Trump by hacking and defacing US Army websites

Amazon will stop accepting new customers for Mechanical Turk; Canadian spy agency says it hacked drug traffickers, extremists and a ransomware gang last year

What is Bending Spoons? The little-known AOL and Vimeo owner that’s now public

6 juli•11 min

Jersey Mike’s IPO illustrates how bad the AI hype has become; plus, Mark Zuckerberg said AI agents haven’t progressed as quickly as he’d hoped

US government says it got hacked — again; Microsoft launches its own AI deployment company

Realta Fusion generates electricity directly from a fusion reaction; plus, the ‘Father of the Internet’ is finally retiring

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