Elliott Management has built a nearly 5% stake in Toyota Industries and is pushing back against Toyota Motors’ ¥16,300 per share take-private offer. The activist investor argues the deal significantly undervalues the company and lacks proper governance. Toyota Industries shares have surged 36% this
The NATO Innovation Fund is bringing in Erin Hallock from BP Ventures as a new partner. This comes after a wave of senior exits including four founding partners and the chair stepping down. The €1 billion fund focuses on dual-use defense technologies.
The European startup media pioneer has been acquired by MeOut Group after 15 years of bootstrapped growth. Founder Thomas Ohr will remain as CEO while expanding the brand’s impact across Europe. The platform reaches 300,000 monthly readers and has organized events for up to 2,100 participants.
Yann LeCun, Meta’s chief AI scientist and Turing Award winner, is planning to leave the company to found his own startup. The departure comes amid Mark Zuckerberg’s radical overhaul of Meta’s AI operations, including hiring new leadership and shifting focus from research to product development.
A critical Samsung vulnerability exploited since mid-2024 has been added to CISA’s must-patch list. The zero-day allowed spyware deployment through malicious WhatsApp images targeting Middle Eastern victims. Federal agencies have until December 1 to address the threat.
The drone threat is escalating far beyond battlefields, with thousands of unauthorized flights over NFL stadiums and critical infrastructure. Western nations are realizing their defenses are inadequate against this rapidly evolving danger. The urgency is creating massive demand for counter-drone tec
Samsung’s Galaxy S26 series is shaping up to be dominated by Qualcomm’s silicon. The company is reportedly committing to a 75% Snapdragon, 25% Exynos split, a massive shift from the S25’s 100% Qualcomm strategy.
Nintendo has released system update 21.0.0 for both Switch and Switch 2 consoles. The patch adds visual indicators for cartridge games and improves Game Chat functionality. Hidden features include the ability to disable auto-playing eShop videos.
Masayoshi Son’s SoftBank Group reported net profit more than doubled to ¥2.5tn ($16.2bn) in the quarter ending September, far exceeding expectations. The AI-driven surge was powered by Vision Fund gains from OpenAI and PayPay investments, with shares more than doubling this year.
Senators John Boozman and Cory Booker have proposed legislation that would fundamentally reshape how cryptocurrencies are regulated in the US. The bill would move oversight from the SEC to the CFTC and treat most digital assets as commodities.
