The debut that may herald a resurgence of investor confidence in high-potential yet unprofitable tech firms, Reddit’s shares soared by 48% on their inaugural trading day in New York. Despite its consistent lack of profitability since its inception in 2005, Reddit has captivated investors’ imaginations by showcasing its platform as a fertile testing ground…
Bloomberg Industry Group, a leading provider of industry knowledge and AI-enabled technology for professionals in government, law, tax, and accounting, has announced the appointment of Bobby Puglia as its Chief Product Officer. Puglia will report to CEO Josh Eastright and oversee the company’s product development efforts, including Bloomberg Law, Bloomberg Tax, Bloomberg Government, and…
Archer, an enterprise leader in providing a fully integrated risk management solution, today announced its acquisition of Compliance.ai, a leading provider of artificial intelligence (AI)-driven regulatory change management solutions. This acquisition will enable Archer clients to supplement their compliance initiatives with cutting-edge AI technology to automate monitoring, tracking, reporting, and responding to continually changing…
Europe’s tech industry faced a challenging year in 2023, as venture capital investment plunged by half amid high interest rates and macroeconomic uncertainty. However, some sectors, such as artificial intelligence and climate tech, managed to attract significant funding and talent, showing the resilience and diversity of the region’s innovation ecosystem, according to CNBC. The…
If you are an investor, you may have heard of artificial intelligence (AI) and how it is transforming the financial services industry. But what exactly is AI and how is it changing the way investors manage their money? AI is a branch of computer science that aims to create machines and systems that can…
WELLINGTON, NEW ZEALAND: KiwiSaver provider, Booster Investment Management Limited, is kicking off the first NZX listing of 2022, with the launch of its new retail investment fund, the Booster Innovation Fund (BIF). The investment fund is the very first of its kind listed on the NZX (on 2 March), providing Kiwis with direct access…
SYDNEY, AUSTRALIA: DroneShield Limited, a global leader in Counter-UAS and Artificial Intelligence based security technology, announced the appointment of Matt McCrann as Chief Executive Officer of its wholly owned U.S. subsidiary DroneShield LLC. Matt McCrann joined DroneShield LLC in 2019 as Vice President of Sales and will lead the growth and expansion of the…
PARIS, FRANCE: Sanofi announced an equity investment of $180 million and a new strategic collaboration with Owkin comprised of discovery and development programmes in four exclusive types of cancer, with a total payment of $90 million for three years plus additional research milestone-based payments, a news release said. Owkin, an artificial intelligence (AI) and…
AUCKLAND, NZ: IKE has signed an agreement to acquire certain assets of Visual Globe LLC, a US-based Artificial Intelligence (AI) and low code/no code software company that specializes in the automated analysis of power poles. This strategic acquisition complements IKE’s existing offering and aligns with the Company’s vision to become the standard for collecting,…
LONDON: SEC Newgate announced the launch of TRUE, its proprietary Artificial Intelligence powered platform to run extensive and totally new-to-market semantic and reputation assessments. TRUE is being launched in Italy in July following €1.5 million of investment and nearly three years of development in association with a pool of experts from international universities including…
LONDON: Maestrano Group PLC, the Artificial Intelligence platform for transport corridor analytics, announced a partnership agreement with Esri Inc. and achievement of a major engineering milestone with ARTC. Partnership Agreement: Maestrano’s subsidiary, Corridor Technology, and Esri have signed a partnership agreement to formalise joint solution efforts around the world. This partnership includes a localised…
LONDON, UK: Elecosoft Plc has launched its new Artificial Intelligence (AI) software tools at the Domotex Show in Hanover in January 2020. Elecosoft is a specialist international provider of software and related services to the Architectural, Engineering, Construction and Owner-Operator industries and digital marketing industries from centres of excellence in the UK, Sweden, Germany…