CHICAGO – GE HealthCare Technologies Inc said on Tuesday it has agreed to acquire medical imaging software provider Intelerad Medical Systems in a $2.3 billion all-cash deal, bolstering its digital offerings amid a shift toward cloud-based healthcare solutions. The acquisition, one of the largest in the medical imaging software sector, aims to combine GE HealthCare’s…
LOS ALTOS — Majestic Labs, an AI startup founded by veteran chip designers from Meta and Google, emerged from stealth mode Tuesday after raising $100 million to develop technology it claims will drastically reduce the cost and scale of data centers needed for advanced artificial intelligence. The company, with dual headquarters in Los Altos,…
PARIS: European cloud computing services provider OVHcloud reported on Tuesday full-year revenue that broke through the symbolic one-billion-euro barrier, with its core profit margin exceeding 40%, and announced the appointment of its founder Octave Klaba as Chairman and Chief Executive Officer. The French company said the governance change was made to “align vision, strategy,…
LONDON: CoreWeave Inc. announced an agreement to acquire Monolith AI Limited, a pioneer in applying artificial intelligence and machine learning to solve complex physics and engineering challenges. Combining Monolith’s simulation and test-driven machine learning capabilities with CoreWeave’s purpose-built AI cloud enables the combined companies to offer a full-stack platform for industrial and manufacturing enterprises.…
AQABA: NaiTel, the telecom arm of Aqaba Digital Hub (ADH), and Telecom Egypt have completed the laying of the Coral Bridge subsea cable, the first direct digital link between Egypt and Jordan in more than 25 years. The 15-kilometer express cable, equipped with 48 fiber pairs, connects Taba, Egypt, to Aqaba, Jordan, across the…
Chinese tech giant posted revenue of 184.504 billion yuan ($25.7 billion) for the quarter SHENZHEN: Tencent Holdings Ltd. on Wednesday reported a 15% rise in second-quarter revenue, driven by robust growth in its gaming division and strategic investments in artificial intelligence. The Chinese tech giant posted revenue of 184.504 billion yuan ($25.7 billion) for…
Amazon’s online store sales rose 11% to $61.5 billion, while advertising revenue jumped 23% to $15.7 billion SEATTLE: Amazon Web Services (AWS) reported its lowest profit margins since late 2023, raising concerns among investors about the tech giant’s ability to maintain growth in its cloud computing division. Amazon said AWS operating margins fell to…
LONDON: Celebrus Technologies plc (AIM: CLBS), a leading data solutions provider, announced its financial results for the year ended 31 March 2025, highlighting double-digit growth in annual recurring revenue (ARR) and improved profitability despite macroeconomic challenges. The company reported a 13.9% increase in ARR to $18.8 million, driven by new customer wins and upsells. Total…
LOS ANGELES: Diskover, a leader in helping enterprises manage unstructured data at exabyte scale, announced Tuesday a series of major milestones: closing a $7.5 million seed funding round, forming partnerships with Snowflake and NetApp — both of which are now investors — and acquiring data intelligence platform CloudSoda. The moves mark a significant expansion for…
LONDON: Pinewood.AI, a leading cloud-based software provider for the automotive retail sector, has agreed to acquire Lithia UK Holdings Limited’s 51% stake in Pinewood North America LLC for $76.5 million, the company announced today. The deal, structured through the issuance of 14,560,691 new ordinary shares in Pinewood.AI at 386.5 pence per share, values the…