TechTaffy

tech:

taffy

Renren Working On $100M Share Repurchase Program

By TechTaffy Desk

Renren

Chinese social networking Internet platform Renren has authorized a $100 million share repurchase program.

The company plans to repurchase up to $100 million of its own outstanding American Depositary Shares (ADSs) within one year from June 28, 2013. This program replaces the previous $150 million program that was announced on September 29, 2011 and is close to be completed.

The repurchases may be made on the open market at prevailing market prices pursuant to Rule 10b5-1 and/or Rule 10b-18 plans, in privately negotiated transactions, or in block trades.

[Image courtesy: Renren]

Just in

AI

Generative AI arrives in the gene editing world of CRISPR — NYT

New AI technology is generating blueprints for microscopic biological mechanisms that can edit your DNA, pointing to a future when scientists can battle illness and diseases with even greater precision and speed than they can today, writes Cade Metz.
AI

Estée Lauder, Microsoft to build AI Innovation Lab

The Estée Lauder Companies (ELC) and Microsoft Corp. announced the creation of an AI Innovation Lab to expand their global strategic relationship.
Around the web

Mark Zuckerberg says Meta will offer its virtual reality OS to hardware companies, creating iPhone versus Android dynamic — CNBC

Meta will partner with external hardware companies, including Lenovo, Microsoft and Asus, to build virtual reality headsets using the company’s Meta Horizon operating system, writes Kif Leswing. 
IT

Nvidia to acquire Run:ai

Nvidia announced an agreement to acquire Run:ai, a provider of Kubernetes-based workload management and orchestration software.
Around the web

Windows 11 Start menu ads are now rolling out to everyone — The Verge

Microsoft is starting to enable ads inside the Start menu on Windows 11 for all users, writes Tom Warren.