LONDON: Oakley Capital Investments Limited (OCI) announced that Oakley Capital Origin II2 (Origin II) has agreed to acquire vitroconnect, a leading broadband open access platform business in Germany. This will be the first platform investment made by Origin II. OCI’s indirect contribution to Origin II is anticipated to be up to £19 million, which relates…
Serica Energy plc appoints Chris Cox as Chief Executive Officer
LONDON: Serica Energy plc (AIM: SQZ), a British independent upstream oil and gas company, announced the appointment of Chris Cox as Chief Executive Officer (“CEO”). This will take effect on 1 July 2024, with David Latin (Chairman of Serica) ceasing his temporary role as Interim CEO at the same time. Chris Cox has over forty…
Vortex has acquired Planned and Engineered Construction Inc. (PEC)
HOUSTON: Vortex Companies (Vortex) announced the acquisition of Planned and Engineered Construction Inc. (PEC), a Helena, Montana-based leader in trenchless infrastructure rehabilitation. This strategic acquisition marks a significant step in strengthening Vortex’s service presence across the Western United States and Canada, enabling enhanced service capabilities to a broader market. PEC’s services align with Vortex’s focus…
Airlines for America challenge new DOT fee disclosure rule in Court
A coalition of major airlines and the trade group Airlines for America have filed a petition with the U.S. Fifth Circuit Court of Appeals, seeking to invalidate a recent Department of Transportation (DOT) regulation. The contentious rule, introduced by the DOT in late April, mandates that airlines and online travel agencies provide upfront disclosure of…
OpenAI launches new AI model, , GPT-4o and desktop version of ChatGPT
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…
Goldman Sachs backs Pennybacker Capital with strategic investment
AUSTIN, Texas: Pennybacker Capital Management, LLC, a prominent real assets investment firm based in Austin, has announced a strategic partnership with Goldman Sachs Asset Management’s Petershill program. The terms of the investment, which is described as passive and minority, have not been disclosed. This new influx of capital is set to propel Pennybacker’s growth, enhancing…
NASA names David Salvagnini as first Chief Artificial Intelligence Officer
WASHINGTON: NASA Administrator Bill Nelson on Monday named David Salvagnini as the agency’s new chief artificial intelligence (AI) officer, effective immediately. The role is an expansion of Salvagnini’s current role as chief data officer. A wide variety of AI tools are used by NASA to benefit humanity from supporting missions and research projects across the…
GAI Consultants Inc. has acquired Creighton Manning Engineering
WEST PALM BEACH, FL: An affiliate of GAI Consultants, Inc., a leading engineering, planning, and environmental consulting firm has announced the acquisition of Creighton Manning Engineering. The acquisition integrates Creighton Manning into GAI as a new division named “Creighton Manning, a GAI Company,” enhancing GAI’s service offerings and geographic footprint. Creighton Manning, established in 1965…
Abu Dhabi partners with MBZUAI and Core42 to launch AI Healthcare Academy
ABU DHABI, UAE: Department of Health – Abu Dhabi (DoH) has partnered with Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) and AI solutions provider Core42 to establish the AI Healthcare Academy. The initiative, announced during the Abu Dhabi Global Healthcare Week, aims to create a skilled workforce adept in AI to enhance global healthcare…
Mitra Chem announces Series B investment from Alpha Wave Ventures
MOUNTAIN VIEW, Calif.: Mitra Future Technologies Inc. (Mitra Chem), a pioneering innovator in North American lithium-ion battery materials, today announced an investment from Alpha Wave Ventures as part of the company’s Series B funding round. As part of the investment, Elan Frantz has joined the company’s Board of Directors. Alpha Wave Ventures joins other distinguished…
Madison Gas and Electric plans innovative solar and storage project
MADISON, Wis.: Madison Gas and Electric (MGE) has announced its proposal for a new solar energy initiative. The company is currently seeking the green light from the Public Service Commission of Wisconsin to construct the Sunnyside Solar Energy Center in Fitchburg, Wisconsin. This ambitious project includes a 20-megawatt solar array coupled with a 40-megawatt battery…
Cristiano Ronaldo joins WHOOP as an official global ambassador and investor
BOSTON: WHOOP, the human performance company, announced Cristiano Ronaldo, the legendary football icon, as an official global ambassador and investor. This represents one of Ronaldo’s most significant investments to date. Ronaldo joins the company’s growing roster of global ambassador investors, including Patrick Mahomes, Michael Phelps, Eli Manning, Rory McIlroy, and more. Announced earlier this morning…