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BusinessLambda, supported by Nvidia, is targeting a $4 billion fundraising round led by investment firms Blackstone and Coatue Management. The company aims to go public in 2027, contingent on execution and market conditions, according to a letter to its limited partners reviewed by the Wall Street Journal.
ET Tech·
ScienceAstronomers have discovered a second-generation planet orbiting the white dwarf star HS 0209+0832. This 'phoenix planet' formed from material expelled by the star during its death. The white dwarf's atmosphere contains heavy elements like zinc, copper, and niobium. This finding may alter how astronomers search for planets around dead stars in the future.
TOI Science·
BusinessBritish Airways will refurbish all 12 of its A380 aircraft, introducing a new business-class cabin that covers the entire upper deck. The airline describes this as the world's largest business-class cabin. The makeover also includes a 30% reduction in economy seats along with five other key changes to the aircraft's interior.
Mint Companies·
BusinessIndia's Finance Ministry announced that from October 15, the National Payments Corporation of India (NPCI) will impose a 0.4% Merchant Discount Rate (MDR) on UPI transactions above ₹2,000. This ends the zero-MDR model for merchants, though consumers won't be charged directly. The move could reshape competition in the payments ecosystem, reflecting the costs of running UPI infrastructure and its economic impact.
Hindu Business·
TechnologyThe latest macOS 27.2 beta hints at a touchscreen MacBook Pro featuring an OLED display. New gestures and icon animations similar to iOS suggest Apple is preparing touch-enabled Macs. Reports indicate possible release of 14-inch and 16-inch MacBook Pro or Ultra models with M5 chips, Dynamic Island, and cellular modems in October or November.
Firstpost Tech·
WorldUnited Airlines Flight 884 from Washington Dulles to Rome was canceled after nearly 12 hours of delays caused by a cockpit problem, thunderstorms, refueling, crew changes, and maintenance checks. The flight, originally scheduled for 5:35 pm on October 2, was canceled around 4 am due to crew time limits. Passengers were rebooked on another flight departing over 25 hours later.
HT World··Washington
ET Tech·
Lambda, supported by Nvidia, is targeting a $4 billion fundraising round led by investment firms Blackstone and Coatue Management. The company aims to go public in 2027, contingent on execution and market conditions, according to a letter to its limited partners reviewed by the Wall Street Journal.
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