ON Semiconductor stock tanks 20% following Synaptics deal

ON Semiconductor CEO Hassane El-Khoury defended the company’s core business as shares tanked 20% after announcing its largest acquisition to capitalize on physical artificial intelligence. The maker of power and sensing components for the automotive industry on Thursday announced plans to buy edge AI and wireless connectivity solutions company Synaptics in an all-stock deal. The…

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Great Apes and human beings have been laughing similarly for the last 15 million years: Study |

A recent study reveals that humans and great apes share remarkably similar laughter rhythms, suggesting this vocalization dates back 15 million years to a common ancestor. Researchers found consistent rhythmic patterns in the laughter of humans, chimpanzees, bonobos, gorillas, and orangutans when tickled. This ancient, shared vocal trait predates speech and offers insights into the…

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Billionaire investor Jeremy Grantham says bitcoin will ‘dwindle away with a whimper’

Jeremy Grantham renewed his long-running criticism of bitcoin, predicting it will gradually fade into irrelevance over decades. The co-founder of investment firm GMO and a longtime market commentator known for his calls on asset bubbles, said bitcoin is a “useless, speculative” asset without intrinsic value, speaking on CNBC’s “Squawk Box” Friday. He also said bitcoin…

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