Protect AI, the leading AI and ML security company, has acquired Laiyer AI, the developer of LLM Guard, an open-source project for protecting large language models (LLMs) from security threats and misuse. LLMs, such as OpenAI’s GPT-4, are powerful tools…
The International Monetary Fund (IMF) has upgraded its growth forecast for developing Asia economies in 2024, thanks to strong performance by India and higher government spending by China. However, it also cautioned that China’s property sector crisis could pose a…
A new report from ABB Motion, a leading provider of electric motors and drives, reveals that resource scarcity is affecting 91% of industrial businesses worldwide, driving them to increase their investment in circularity initiatives. The report, titled “Circularity: No Time…
Tesla shareholders have won a landmark legal victory against the company’s CEO Elon Musk and its board of directors, who had granted Musk an unprecedented $55 billion pay package in 2018. The Delaware Court of Chancery has ruled that the…
Deirdre Hanford, a board member of Cirrus Logic, Inc. (NASDAQ: CRUS) since 2018, has been appointed as the CEO of Natcast, a new center for research and engineering in the U.S. semiconductor industry. Natcast, which stands for National Semiconductor Technology…
Moveworks, the leading AI copilot platform for the enterprise, has opened its first regional data center in Australia, following its recent launches in Canada and the EU. The new data center will allow Australian customers to use Moveworks’ natural language-based…
Amphenol Corporation, a global leader in high-tech interconnect, antenna and sensor solutions, has agreed to acquire Carlisle Interconnect Technologies (CIT), a major supplier of harsh environment interconnect solutions, for $2.025 billion in cash. The deal, which is expected to close…
Boston Metal, a company that aims to decarbonize steelmaking with its Molten Oxide Electrolysis (MOE) technology, has secured a $20 million Series C2 investment from Marunouchi Innovation Partners, a Tokyo-based venture capital firm. The new funding by Marunouchi Innovation Partners…
AQEMIA, a tech-enabled drug discovery company that uses generative AI and deep physics to find new drugs, has secured an additional €30 million investment, bringing its Series A round to €60 million. The round was led by Wendel Growth and…
UPTIQ, a leading provider of holistic wealth management solutions, announced today that it has acquired Focus Treasury and Credit Solutions, LLC (FTCS), a subsidiary of Focus Financial Partners Inc., a partnership of independent wealth management firms. The deal will enhance…
Medical Mutual, an Ohio-based health insurance company, announced today that it will acquire Paramount Health, a subsidiary of ProMedica, a health system in Northwest Ohio. Paramount offers various health insurance plans in Ohio and Michigan. The deal, which is expected…
United Homes Group, Inc. (UHG), a leading homebuilder in the Southeast, has acquired Creekside Custom Homes, LLC, a home builder and land developer in the Coastal region of South Carolina. The deal will boost UHG’s presence and lot position in…