Eyeing an Exit: Stripe, Betting on the Cloud: Dell, and Embracing Generative AI: Shutterstock
This week has seen some major developments in the tech industry. Stripe, a leading financial services company, is reportedly looking to go public and could be valued at up to $100 billion. Dell Technologies Inc., meanwhile, announced plans for a massive expansion into cloud computing with its acquisition of VMWare’s majority stake in Pivotal Software. Finally, Shutterstock revealed that it was embracing generative AI technology as part of its creative platform—allowing customers access to an ever-growing library of images generated by machine learning algorithms.
Stripe’s potential exit from the private market would make it one of the largest IPOs since Uber went public last year and could see them join other tech giants such as Apple and Microsoft on Wall Street. With this move comes speculation about how their valuation will compare against those already established companies but also what impact they will have on smaller fintech startups within their space who are still trying to find footing in this competitive landscape.
Dell’s acquisition marks another significant step towards becoming a major player in cloud computing; building upon existing investments made over recent years which include acquiring EMC Corp back in 2016 for $67 billion dollars – making it one of the world’s largest technology mergers at the time.Read more at TechCrunch