Category: More

69% of UK secondary students want to learn about AI in school

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The world of education is on the cusp of a transformative shift, with Pearson, the foremost authority in learning, uncovering a striking trend: a majority of UK secondary school students (69%) are advocating for a curriculum enriched with generative artificial intelligence (Gen AI). This surge in interest is a response to the escalating presence of…

OpenAI launches new AI model, , GPT-4o and desktop version of ChatGPT

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OpenAI unveiled its advanced AI model, GPT-4o, and a new desktop ChatGPT version on Monday, marking a significant leap in accessibility and performance. The launch, streamed live by Technology Chief Mira Murati, introduced the faster and more capable GPT-4o, which enhances text, video, and audio interactions and is available to all users, including those on…

Bregal Milestone acquires Novare Pay, appoints new Chair to Allshares board

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In a significant move within the European tech sector, Bregal Milestone, a prominent private equity firm specializing in technology and software, has announced its acquisition of Novare Pay, a renowned Stockholm-based compensation services provider. This strategic acquisition is set to bolster Allshares, a leading software and services provider owned by Bregal Milestone, by integrating Novare…

Xponential Fitness appoints Brenda Morris as interim CEO

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Xponential Fitness, Inc. (NYSE: XPOF), a leading health and wellness franchise, has announced a major reshuffle in its top management. Brenda Morris, a seasoned executive with a substantial track record, has been appointed as the interim Chief Executive Officer with immediate effect. Brenda Morris, who has been a part of Xponential’s Board of Directors since…

PIA’s business restructuring receives green light from Securities and Exchange Commission

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ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has given its nod to the Scheme of Arrangement proposed by Pakistan International Airlines Corporation Limited (PIA). This approval, dated May 6th, 2024 marks a pivotal step in the separation of PIA’s core and non-core business operations. The Federal Cabinet had earlier sanctioned the legal segregation…

Diploma Plc has acquired PAR Group for £38 million

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LONDON: Diploma PLC, the international value-add distribution group, has acquired PAR Group (PAR) for ca. £38 million. PAR Group is a UK-based, family-owned supplier of specialist seals and gaskets into a broad range of end markets. Its value-add customer proposition has driven a track record of excellent growth at strong margins. It will form part…

OpenGate Capital sells SMAC to Compagnie Financière Jousset

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OpenGate Capital, a prominent global private equity firm, has successfully completed the sale of SMAC, a leading French provider of waterproofing and building envelope systems. The acquisition was made by Compagnie Financière Jousset (CFJ) in partnership with the management team of SMAC. The financial details of the deal remain undisclosed. Founded in 1884, SMAC has…

Apax Funds to acquire Zellis Group

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LONDON, UK: Apax Global Alpha (AGA), the closed-ended investment company providing access to the Apax Private Equity Funds, today announced that it expects to invest approximately €36m in Zellis Group on a look-through basis. On 15 April 2024, the Apax XI Fund (Apax XI), in which AGA is a limited partner, announced that it had…

Everest Global buys 33% of Ace Jumbo Ventures

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LONDON: Everest Global plc announced that on 08 April 2024 it entered into a share purchase agreement (SPA) with Giga Treasure Limited to acquire 33 per cent of the issued share capital of Ace Jumbo Ventures Limited for US$20,000 in cash. Ace Jumbo Ventures is the parent company of Giga (Hong Kong) Limited, a company…