Samsung Electronics today announced that it has developed the industry’s first and highest-capacity 32Gb DDR5 DRAM using 12 nanometer (nm)-class process technology. This achievement solidifies Samsung’s leadership in next-generation DRAM technology and signals the next chapter of high-capacity memory. The new 32Gb DDR5 DRAM is double the capacity of the previous generation 16Gb DDR5 DRAM…
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Krista Software appoints Michael Haske as new CEO
Krista Software, a leader in conversational AI and digital process automation, has appointed Michael Haske as its new Chief Executive Officer (CEO). Haske, who has over 30 years of experience in scaling high-growth, cloud-based software businesses, will succeed Krista Co-Founder & CEO John Michelsen. Haske joins Krista at a pivotal time as the company recently…
Meta May Offer Ad-Free Facebook and Instagram in EU for a Fee
According to a report by The New York Times, Meta may be planning to change its core business model and offer paid versions of Facebook and Instagram in the European Union. These versions would not rely on advertising revenue, but on subscriptions from users. Meta, which is one of the world’s biggest advertisers, has faced…
Shell sells UK and Germany home energy businesses to Octopus Energy
Shell has announced that it will sell its retail home energy businesses in the UK and Germany to Octopus Energy Group, a UK-based renewable energy supplier. The deal is part of a broader agreement to explore a potential partnership in electric vehicle charging. The sale, which is subject to regulatory approval, is expected to be…
Hyundai Motor buys 5% stake in Korea Zinc for $398 million
Hyundai Motor Group, the owner of Hyundai, Kia and Genesis brands, has announced that it will buy a 5% stake in Korea Zinc Co., the world’s largest producer of non-ferrous metals. The deal is worth 527.2 billion won ($398 million) and is part of a partnership to create a “nickel value chain” for electric-car batteries….
How to get up to £900 in cost of living payments if you claim benefits
Millions of UK households could still receive up to £900 worth of cost of living payments over the next few months, Mirror reports. The government is giving out three cost of living payments to help millions of UK households with rising bills. The payments are worth £301, £300 and £299 each, and are expected to…
Tracy Garrad appointed CEO Aviva Canada as Jason Storah moves to UK
Aviva has announced that Tracy Garrad, the former chief executive of AXA Health, will join the company as the new chief executive of its Canadian business. She will replace Jason Storah, who has been appointed as the chief executive of Aviva’s UK and Ireland general insurance business. Garrad will start her new role on 16…
The Body Shop owner may sell the brand amid falling sales
Natura &Co, the Brazillian beauty giant that owns The Body Shop and Avon, is exploring the possibility of selling the natural beauty retailer. The company said in a filing that it had authorised its executives to look into “strategic alternatives” for The Body Shop, including a potential sale. However, it added that there was no…
Google to sell new mapping data for renewable energy and air quality
Google is launching new sets of mapping data that will provide solar and energy information and air quality data to various companies that are building products around renewable energy. The company expects to generate up to $100 million in its first year from selling access to new APIs (application programming interfaces) with the data, according…
Soundcore Capital Partners acquires Asphalt Solutions
In a strategic move aimed at expanding its commercial paving portfolio, New York-based private equity firm Soundcore Capital Partners has successfully completed the acquisition of Asphalt Solutions, Inc., a prominent provider of asphalt and concrete maintenance and repair services headquartered in Indianapolis, IN. The financial details of the deal remain undisclosed. This acquisition marks Soundcore’s…
Zepto becomes a unicorn after raising $200M for grocery delivery in India
Zepto, a grocery delivery startup based in Mumbai, India, has joined the coveted unicorn club after securing $200M in its Series E funding round, valuing the company at $1.4 Billion. The round was led by StepStone Group, a global private markets investment firm, and joined by Goodwater Capital, a consumer-focused venture capital firm, as well…
M2 Capital bids £90 million for the household products chain Wilko
The struggling household products chain Wilko may have a chance to survive after receiving a £90 million offer from a private equity firm, M2 Capital. M2 Capital, which has a track record of investing in distressed retail businesses, has submitted a proposal to PwC, the administrators of Wilko, that would protect the jobs of 12,500…