Faraday Future, a California-based electric mobility company, has announced that Matthias Aydt, a long term FF executive, will take over as the new Global CEO of the company, effective September 29, 2023. Aydt will replace Xuefeng Chen, who will resume…
Kokusai Electric, a chipmaking equipment manufacturer, announced its plans to go public on the Tokyo Stock Exchange on October 25, 2023. The company’s listing is expected to be Japan’s largest initial public offering (IPO) in the past five years. At…
Cisco Systems, the world’s largest maker of networking equipment, announced on Thursday that it will acquire Splunk, a leading cybersecurity and artificial intelligence software company, for about $28 billion in cash. This is Cisco’s biggest-ever deal and a major step…
Amazon has unveiled its latest AI innovation for its virtual assistant Alexa, which promises to make it more conversational and human-like. The new feature, called “let’s chat”, will use a Large Language Model (LLM) that can generate natural language responses…
LONDON: Bitcoin (BTC-USD) failed to benefit from the Fed’s decision to halt its interest rate increases for now. The Fed announced on Wednesday that it would keep the federal funds rate unchanged at 5.25% to 5.50%, after raising it steadily…
OpenAI, a research company that aims to create artificial intelligence that can benefit humanity, has announced the launch of Dall-E 3, a text-to-image tool that can generate images from natural language prompts. The tool uses ChatGPT, OpenAI’s popular AI chatbot,…
Navenio, an Oxford-based software company that provides indoor location services for workforce efficiency, announced today that it has secured a $12.6 million investment. The round was led by Oxford Science Enterprises, a university-backed investment firm that focuses on early-stage companies…
Corti, a Copenhagen-based startup that develops an AI co-pilot for healthcare interactions, announced today that it has raised $60 million in a Series B funding round. The round was co-led by Prosus Ventures and Atomico, two leading venture capital firms…
Legit Security, a Palo Alto-based cybersecurity startup, announced today that it has raised $40 million in a Series B funding round led by CRV. The round also saw participation from existing investors Cyberstarts, Bessemer Venture Partners, and TCV. Legit Security…
Vital Energy Inc., a Permian-focused oil and gas company, announced on Wednesday that it has signed three deals to acquire nearly 53,000 net acres in the Midland and Delaware basins for about $1.2 billion. The deals will boost Vital’s production,…
Fernride, a German startup that develops self-driving trucks for logistics yards, announced on Wednesday that it has raised $50 million in a Series A funding round. The round was led by new investors Munich Re Ventures, Bayern Kapital and former…
Spectarium, a Finnish game developer, has raised $5.3 million (€5 million) in seed funding to create its first cross-platform action RPG, Myths. The game will use AI to personalize the dungeon-crawling gameplay and setting based on each player’s tastes and…