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GoPro just avoided bankruptcy with a $285 million rescue deal

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In a nutshell: Iconic action-camera maker GoPro has agreed to a $285 million cash merger with optical-photonics company Starman Optical. Headquartered in Warren, New Jersey, Starman is a privately held technology startup founded in 2024 that manufactures high-speed optical transceivers for AI data centers.

As part of the proposed acquisition, GoPro shareholders will receive $285 million in cash, or $1.14 per share, while retaining approximately a 10% stake in the combined company. The merged entity will remain publicly listed on heNasdaq. The $1.14-per-share offer represents nearly double the $0.60 at which GoPro's stock was trading the day before the announcement.

Starman has also agreed to fully repay GoPro's outstanding debt of $92 million at closing, wiping out most of its debt and leaving the company with a largely debt-free balance sheet. The...

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Bosch SDS and Dassault Systèmes Advance AI-Led Manufacturing in India

Bosch Software and Digital Solutions (Bosch SDS) and Dassault Systèmes today announced a collaboration in India to help manufacturing enterprises accelerate digital transformation across product engineering, manufacturing operations and industrial value chains. The collaboration brings together Dassault Systèmes’ industry-leading capabilities across Virtual Twin Experiences, Product Lifecycle Management (PLM), Digital Manufacturing
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A look at why the oft-discussed predictions that AI will deliver double-digit GDP growth in advanced economies are extremely unlikely over the next 10-15 years

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