Title: Canva Looks to Allow Employees and Investors to Sell Over $1 Billion Worth of Stock in Private Sale

Title: Canva Looks to Allow Employees and Investors to Sell Over $1 Billion Worth of Stock in Private Sale

Summary: Canva, the popular browser-based design software platform, is reportedly in talks to enable employees and investors to sell stock worth more than $1 billion to new investors in a private stock sale. If the deal goes through, Canva’s valuation would reach $26 billion, making it one of the largest transactions by high-profile tech startups recently.… Read the rest

Duolingo Implements AI Technology, Resulting in Job Cuts

Duolingo Implements AI Technology, Resulting in Job Cuts

Duolingo has recently adopted the use of generative artificial intelligence (AI) in order to streamline their language-learning app and create more content. As a result, the company has reduced their contractor workforce by approximately 10%, according to a spokesperson.

The implementation of generative AI has allowed Duolingo to expedite the creation of app scripts and more efficiently develop their course content.… Read the rest

Semiconductor Stocks Surge as Biden Administration Targets China’s Dominance

Semiconductor Stocks Surge as Biden Administration Targets China’s Dominance

Amidst recent market fluctuations, semiconductor stocks are seeing a significant turnaround. Leading companies such as Taiwan Semiconductor Manufacturing Company (TSMC), Intel, and Advanced Micro Devices (AMD) are experiencing a surge in stock prices following a rocky start to the year. While the initial decline was attributed to December’s Santa Claus rally, the turnaround can be largely credited to the actions of President Joe Biden.… Read the rest

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