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…
Rubix Resources appoints Dr Casey Blundell as new CEO to lead lithium exploration
SYDNEY, AUSTRALIA: Rubix Resources Limited (ASX: RB6), a minerals exploration company focused on critical minerals, has announced the appointment of Dr Casey Blundell as its new Chief Executive Officer, effective immediately. Dr Blundell, who joined the Company in June 2022 as Senior Geologist and Exploration Manager, will lead Rubix through its next chapter of exploration…
Navenio Raises $12.6M to Expand Its Indoor Location Technology in the US
Navenio, an Oxford-based software company that provides indoor location services for workforce efficiency, announced today that it has secured a $12.6 million investment. The round was led by Oxford Science Enterprises, a university-backed investment firm that focuses on early-stage companies in the life sciences and deep tech sectors. The round also saw the participation of…
Dalata Hotel Group to acquire American Hotel Exploitatie BV
LONDON, UK: Dalata Hotel Group plc has agreed contracts with Zien Group, to acquire the entire issued share capital of American Hotel Exploitatie BV, which holds the operational lease of the Hard Rock Hotel Amsterdam American. In cooperation with Zien Group and Hard Rock Hotels, Dalata has commenced arrangements for the transfer of the company…
Essentra plc has acquired BMP TAPPI in a EUR 33.5 million deal
LONDON, UK: Essentra plc announced the acquisition of BMP s.r.l (BMP TAPPI), a family-owned, leading Italian manufacturer and distributor of protective caps and plugs for an initial cash consideration of EUR 33.5m, in line with its inorganic growth strategy previously communicated at the Capital Markets event in November 2022. Based in Milan, Italy, BMP TAPPI…
Corti Secures $60M to Scale Its AI Co-Pilot for Healthcare and Public Safety
Corti, a Copenhagen-based startup that develops an AI co-pilot for healthcare interactions, announced today that it has raised $60 million in a Series B funding round. The round was co-led by Prosus Ventures and Atomico, two leading venture capital firms that invest in disruptive technology companies. Existing investors Eurazeo, EIFO, and Chr. Augustinus Fabrikker also…