SYDNEY, AUSTRALIA: Count Limited (ASX: CUP), a diversified financial services provider, has announced that it has entered into a binding agreement to acquire 100% of the shares in Diverger Limited (ASX: DVR), a wealth and accounting firm, for $45.3 million. The deal will be implemented through a board-recommended scheme of arrangement, subject to the approval…
Bleecker Street Group acquires maritime software company Ripple
Bleecker Street Group (BSG), a global software holding company, has announced the acquisition of Ripple, a leading integrated maritime software company. The deal is expected to boost BSG’s presence in the maritime sector and the broader supply chain software industry. Ripple is a provider of mission-critical solutions for the maritime industry, serving blue-chip tugboat, towboat…
Abpro Corporation to merge with Atlantic Coastal in $725 million deal
Abpro Corporation, a biotechnology company developing next-generation antibody therapies for severe and life-threatening diseases, has announced a term sheet to enter into a definitive business combination with Atlantic Coastal Acquisition Corp. II, a special purpose acquisition corporation. The deal, which was signed on September 18, 2023, is expected to close in the second quarter of…
Biologics Consulting Group names Dr. Margaret Vernon as new CEO
Biologics Consulting Group, Inc., a leading regulatory and product development consulting firm for biologics, drugs, and medical devices, has announced the appointment of Dr. Margaret K. Vernon as its new Chief Executive Officer, effective September 18, 2023. Dr. Vernon joins Biologics Consulting Group after 17 years with Evidera, a business unit of PPD, where she…
Faraday Future appoints Matthias Aydt as new Global CEO
Faraday Future, a California-based electric mobility company, has announced that Matthias Aydt, a long term FF executive, will take over as the new Global CEO of the company, effective September 29, 2023. Aydt will replace Xuefeng Chen, who will resume his previous role as FF China CEO and also become FF’s EVP of Global Industrialization….
Kokusai Electric plans Tokyo Stock Exchange listing in Japan’s largest IPO in 5 years
Kokusai Electric, a chipmaking equipment manufacturer, announced its plans to go public on the Tokyo Stock Exchange on October 25, 2023. The company’s listing is expected to be Japan’s largest initial public offering (IPO) in the past five years. At an indicative price of 1,890 yen per share, Kokusai Electric will offer shares worth 111.2…
Cisco to buy Splunk for $28 billion in its largest deal ever
Cisco Systems, the world’s largest maker of networking equipment, announced on Thursday that it will acquire Splunk, a leading cybersecurity and artificial intelligence software company, for about $28 billion in cash. This is Cisco’s biggest-ever deal and a major step in its transformation to a more software-focused business. The deal values Splunk at $157 per…
Amazon’s Alexa gets a new AI upgrade to chat more naturally
Amazon has unveiled its latest AI innovation for its virtual assistant Alexa, which promises to make it more conversational and human-like. The new feature, called “let’s chat”, will use a Large Language Model (LLM) that can generate natural language responses and messages for users. The company announced the new feature at its HQ2 headquarters in…
Despite the Fed’s pause on rate hikes, bitcoin loses its early week momentum
LONDON: Bitcoin (BTC-USD) failed to benefit from the Fed’s decision to halt its interest rate increases for now. The Fed announced on Wednesday that it would keep the federal funds rate unchanged at 5.25% to 5.50%, after raising it steadily since March 2022. This was the second time the Fed paused its tightening cycle, which…
OpenAI launches Dall-E 3, a text-to-image tool that can chat with users
OpenAI, a research company that aims to create artificial intelligence that can benefit humanity, has announced the launch of Dall-E 3, a text-to-image tool that can generate images from natural language prompts. The tool uses ChatGPT, OpenAI’s popular AI chatbot, to help users refine their requests through conversations. Dall-E 3 will be available to ChatGPT…
How to Navigate the Digital Landscape for Business Success
The primary forces governing the corporate world are actively shifting fast in the digital world. Businesses are undergoing a digital transformation that would be critical for their success. The Internet has enabled businesses to have a strong online presence, which Is vital for their success. Navigating online presence benefits your business by establishing brand visibility…
Carbonxt Group appoints Regina Rodriguez as CEO for US subsidiary
SYDNEY, AUSTRALIA: Carbonxt Group Ltd (ASX:CG1), a US-focused Cleantech company that provides activated carbon (AC) solutions for water treatment, has announced the appointment of Regina Rodriguez as Chief Executive Officer of its US subsidiary, Carbonxt Inc, effective immediately. Ms Rodriguez, who has been with the Company for 10 years, will lead the US business as…