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newsA deeper look into the CoreWeave’s Acquisition of Weights & Biases
Key Points CoreWeave, an AI hyperscaler, has acquired Weights & Biases, an AI developer platform, in a deal valued at about $1.7 billion, expected to close by mid-2025. The acquisition aims to combine their strengths to enhance AI development, maintaining W&B’s interoperability with multiple cloud providers. Media reactions are mostly positive, seeing it as a…
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newsDatabricks Expands to AWS Asia Pacific Region in Jakarta to Meet Growing AI Demand in Indonesia
JAKARTA/ SINGAPORE — Databricks, the leading Data and AI company, has announced its plans to extend its services to the AWS Asia Pacific (Jakarta) Region in early 2025, as part of its growing investment in the ASEAN market. This move comes on the heels of over 70% annualized growth over the past three years, driven…
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newsBenevolentAI Announces Strategic Realignment to Refocus on Core Mission and Long-Term Growth
LONDON — BenevolentAI, a leader in AI-powered biopharmaceutical innovation, has announced a significant strategic transformation to realign the company with its foundational TechBio mission. This overhaul prioritizes core technology strengths, streamlines operations, and ensures sustainable growth through a more focused business model. Key changes include substantial cost reductions, an evaluation of delisting from Euronext Amsterdam,…
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newsRobovision Expands to the U.S., Establishing Headquarters in Florida to Drive Vision AI Innovation
GHENT, Belgium — Robovision, a European leader in enterprise-grade computer vision AI, has officially launched its U.S. headquarters in Sunrise, Florida, marking a major step in the company’s global expansion. This move positions Robovision to capitalize on the rapidly growing North American computer vision market, valued at $5.3 billion in 2023. Founded in Ghent, Belgium,…
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newsJuniper Networks Invests in Recogni to Enhance Scalable AI Solutions for the Future of Cloud and Data Center Computing
SUNNYVALE/ SAN JOSE — Juniper Networks, a leader in AI-native networking, has announced its participation in Recogni’s $102 million Series C funding round, co-led by Celesta Capital and GreatPoint Ventures. As part of this investment, the two companies will collaborate to address the growing demand for scalable, energy-efficient AI inference solutions in cloud environments and…
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newsNVIDIA and SoftBank Forge Partnership to Lead Global AI Revolution and Transform Japan’s Telecom Sector
SANTA CLARA — NVIDIA has announced a strategic collaboration with SoftBank Corp. aimed at advancing Japan’s sovereign AI initiatives and solidifying the country’s leadership in global technology. The partnership is set to unlock significant AI revenue opportunities for telecommunications providers worldwide. At the NVIDIA AI Summit in Japan, CEO Jensen Huang revealed that SoftBank is…
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newsDatabricks Expands in Latin America with New Office and Increased Investment to Meet Rising Demand for Data Intelligence
MEXICO CITY — Databricks, the leading Data and AI company, has announced its next phase of growth in the Latin American (LATAM) market, driven by an over 80% year-over-year increase in demand for data intelligence solutions. To further support its expansion, Databricks plans to open a new office in Mexico City in the first half…
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newsDatabricks Establishes EMEA Hub with New London Office to Fuel Data and AI Innovation
LONDON — Databricks, the Data and AI company, has announced the opening of a flagship regional hub in London’s Fitzrovia neighborhood. Spanning an impressive 29,885 square feet, this state-of-the-art, seven-story office becomes one of Databricks’ largest locations outside its San Francisco headquarters, designed to drive collaboration, innovation, and customer engagement across the Europe, Middle East,…
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newsGlobal AI Leaders Join Forces to Invest $100 Billion in Data Centers and Energy Infrastructure
NEW YORK, REDMOND, WA, AND ABU DHABI — In a major move to drive AI innovation and support economic growth, BlackRock, Global Infrastructure Partners (GIP), Microsoft, and MGX have announced the formation of the Global AI Infrastructure Investment Partnership (GAIIP). This partnership aims to make significant investments in the development and expansion of data centers,…
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newsNLX Acquires Radish Systems, Expanding Industry-Leading Multimodal AI Capabilities
NEW YORK — NLX®, a premier AI platform for conversational experiences, has announced its acquisition of Radish Systems, along with its patented ChoiceView® technology. This groundbreaking solution enhances voice transactions with visual interactions, streamlining customer service experiences while boosting accessibility and efficiency. The acquisition aligns seamlessly with NLX’s proprietary, patented multimodal technology, solidifying its position…
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newsAcomeA SGR, UniCredit, and Axyon AI Partner to Launch Italy’s First AI-Powered Investment Instrument
MODENA, Italy — AcomeA SGR, an independent Italian investment boutique renowned for its active management of UCITS funds and liquid alternatives, is breaking new ground in Italy’s financial landscape. In collaboration with UniCredit and technology partner Axyon AI, AcomeA has sponsored an innovative index serving as the foundation for an Actively Managed Certificate (AMC) issued…
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newsExperian Unveils Enhanced Ascend Technology Platform, Pioneering Simplification and Scalability
DUBLIN — In a bid to revolutionize the landscape of business optimization, Experian®, a global leader in information services, has unveiled a series of groundbreaking enhancements to its cloud-based Experian Ascend Technology Platform™. The announcement, made during the prestigious annual Vision conference in Scottsdale, Arizona, marks a significant leap forward in streamlining business-to-business software solutions,…
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newsEY CEO Outlook: Resilient CEOs Embrace AI Investments Today, Prioritize Decarbonization Next
LONDON — In the face of a challenging economic landscape, CEOs are doubling down on technology, data, and cybersecurity investments, according to the latest quarterly EY CEO Outlook Pulse survey. The survey, conducted among 1,200 global executives and 300 institutional investors, highlights CEOs’ optimism about revenue and profit growth despite prevailing market uncertainties. Sixty percent…
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newsEuropean Investment Bank Supports Nomagic with €8 Million Loan for Warehouse Automation R&D
LUXEMBOURG — Nomagic, a leader in intelligent robotics for e-commerce and retail warehouses, is set to receive a significant boost in its research and development efforts through an €8 million loan from the European Investment Bank (EIB). This financing, facilitated under the European Commission’s InvestEU programme’s Future Technologies window, underscores the EIB’s commitment to fostering…
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newsPhilips Leads Health Technology Innovation with Strong Patent Portfolio
AMSTERDAM — Royal Philips, a global leader in health technology, has emerged as one of the top patent applicants at the European Patent Office (EPO), reaffirming its commitment to innovation in healthcare. With a legacy spanning over 130 years, Philips’ relentless pursuit of innovation has positively impacted the lives of 1.9 billion people through its…
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newsABB Expands Robotics Operations in Michigan, Focusing on Innovation and Job Creation
ZURICH — In a bid to bolster its presence in the US robotics market, ABB has unveiled its revamped robotics headquarters and manufacturing facility in Auburn Hills, Michigan. This move highlights ABB’s commitment to advancing automation technologies and addressing critical labor shortages through robotics and AI solutions. The expansion, supported by a $20 million investment,…
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newsOpenAI Strengthens Team with Acquisition of AI Innovators Global Illumination
SAN FRANCISCO — OpenAI has acquired Global Illumination, a company known for its expertise in AI-driven creative tools, infrastructure, and digital experiences. Founded by Thomas Dimson, Taylor Gordon, and Joey Flynn, the entire Global Illumination team has now joined OpenAI. This team brings a wealth of experience from their work at major tech companies such…
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newsBioNTech Strengthens AI Portfolio Through InstaDeep Acquisition
MAINZ — BioNTech SE (Nasdaq: BNTX) has finalized its acquisition of InstaDeep Ltd. (“InstaDeep”), a renowned global AI and machine learning technology company. The acquisition, initially announced on January 10, 2023, solidifies BioNTech’s commitment to advancing AI-driven drug discovery and developing cutting-edge immunotherapies and vaccines to tackle diseases with significant unmet medical needs. This move…
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newsInflection AI Raises $1.3 Billion to Build the World’s Largest AI Cluster and Advance Personal AI Technology
PALO ALTO — Inflection AI has announced a new funding round of $1.3 billion, led by Microsoft, Reid Hoffman, Bill Gates, Eric Schmidt, and NVIDIA, bringing its total funding to $1.525 billion. This capital infusion supports the development of its groundbreaking personal AI product, Pi, and the construction of the world’s largest AI cluster in…
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newsClearstream Utilizes AI to Anticipate Settlement Failures Ahead of SDR Implementation
FRANKFURT — In preparation for the forthcoming Settlement Discipline Regime (SDR), Deutsche Börse Group (ETR: DB1) has revealed its post-trade service provider, Clearstream, will introduce an AI-powered Settlement Prediction Tool. This tool aims to forecast settlement failures, providing market participants with crucial insights into their settlement operations, according to a press release published on EuropaWire.…
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