Technology

Shein, the Chinese-founded online fast-fashion retailer, is reportedly accelerating plans for a record-breaking £53 billion float in London, aiming to complete the listing by the end of the year. The potential listing would provide a boost to London's stock exchange, but could also face controversy from environmental campaigners concerned about fast fashion's impact on waste.

Raspberry Pi, the British computer company known for its affordable computers, is preparing to go public on the stock market this month, with a potential valuation of £500 million. The company, which aims to promote coding education among children, is optimistic about its growth potential and plans to expand its business both domestically and internationally.

Apple had a successful week with record-breaking iPhone sales and the launch of new iPad models, including the iPad Air 6 and iPad Pro with the M4 chip. Tech analyst Gene Munster believes this indicates Apple's focus on making hardware a competitive advantage in AI, while Elon Musk questioned Apple's R&D investment.

Elon Musk's artificial intelligence startup, xAI, is expected to reach a valuation of $20 billion, exceeding initial projections, with investor interest on the rise. Musk has urged investors to participate in the first funding round, with substantial demand leading to discussions of a potential second close for additional funding.

This week in tech news, Stanford University introduced slim and light AR glasses with AI-assisted holographic imaging, while Palantir Technologies exceeded revenue expectations despite a pullback in earnings. Additionally, discussions around AI's impact on jobs and the economy, as well as Nvidia Corporation's significant performance and future prospects, have been hot topics.