OpenAI has created GPT-4, the latest milestone in OpenAI’s effort in scaling up deep learning. “The AI technology “exhibits human-level performance on some professional and academic tasks,” a company blog noted. The company said the model is “more creative and…
LONDON, UK: Centrica plc has announced plans to extend the lives of the Heysham 1 and Hartlepool nuclear power stations, which are now expected to close in March 2026, two years later than previously forecast. These extensions are expected to…
LONDON, UK: Playtech Plc announced a landmark strategic partnership with Hard Rock Digital (“HRD”), the exclusive, global vehicle for interactive gaming and sports betting for Hard Rock International and Seminole Gaming. Under the partnership, HRD will license a range of…
LONDON, UK: Fintech Asia (LON:FINA), a company established to acquire one or more companies or businesses in the financial technology sector, has entered into a heads of terms to acquire the entire issued share capital of InvesCore Financial Group. InvesCore…
LONDON, UK: Microlise Group plc (AIM: SAAS), a leading provider of SaaS based transport technology solutions to fleet operators, announced the acquisition of Vita Software, a leading provider of transportation management system (TMS) solutions, for a total consideration of £2.06…
LONDON, UK: Coinsilium Group Limited (AQSE: COIN) has entered into Heads of Terms (HoT) with Tokenomi, a blockchain and Web3 advisory services firm and with its owner and managing director, Alexis Nicosia, to acquire the advisory service business and certain…
LONDON, UK: RS Group announced that Simon Pryce is to be appointed to the role of Chief Executive Officer (CEO) and Executive Director with effect from 3 April 2023. David Egan, currently Acting CEO, will work alongside Simon in his…
SAN DIEGO: Guild Mortgage (NYSE: GHLD) has acquired Cherry Creek Mortgage LLC, a privately held Colorado-based lender with physical branches across the country whose business and customer-centric approach closely aligns with Guild’s. Cherry Creek Mortgage was co-founded by Jeff May…
KARACHI, PAKISTAN: Pakistan Automotive Manufacturing Association (PAMA) has released the sales and production data for the month of Feb’23, where car sales are down by 40% MoM to clock in at 3,642 units. The decline in sales is mainly due…
SYDNEY, AUSTRALIA: PPK Group Limited (ASX: PPK) has entered a series of conditional transactions to acquire a material interest in PowerPlus Energy Pty Ltd, Australia’s largest privately owned lithium battery manufacturer. PowerPlus Energy specialises in supplying reliable, long-lasting modular battery…
Silver Lake and CPP Investments announced plans to acquire Qualtrics for $12.5 billion. Shares of Qualtrics were up more than 6% Monday, CNBC reported. Qualtrics is a web-based software platform that provides a range of research tools for businesses, academic…
Merger and Acquisition (M&A) is a common practice in the corporate world to enhance a company’s growth. It is an efficient way to enter new markets, expand customer base, and acquire new technologies or resources. However, many companies still hesitate…