Miami, FL: Majority, a Miami-based company specializing in mobile banking services for migrants in the United States, has successfully raised USD9.75 million in its recent funding round. The funding round was led by prominent venture capital firms Valar Ventures and Heartcore Capital. With this latest investment, Majority has now raised over $86 million in equity,…
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Connext Labs raises $7.5M to boost blockchain interoperability
Connext Labs, a San Francisco-based startup that provides a blockchain interoperability protocol, has secured $7.5 million in strategic funding from a group of investors, valuing the company at $250 million. The funding round, which brings Connext’s total raised to $23.2 million, was led by Polychain Capital and included NGC Ventures, Polygon Ventures, IOSG Ventures, Fenbushi…
Vodafone and Three UK to create £15 billion mobile giant
Vodafone and Three UK have agreed to merge their UK operations, creating the country’s largest mobile phone network with a value of £15 billion. The deal, which is expected to close by the end of 2024, will see Vodafone own 51% of the combined business and Three’s parent company CK Hutchison own the remaining 49%….
AMD Unveils MI300X GPU for AI, Expanding its Presence in the Data Center Market
AMD, a renowned semiconductor manufacturer, announced on Tuesday that its cutting-edge GPU for artificial intelligence (AI), the MI300X, is set to begin shipping to select customers later this year. Speaking to investors and analysts in San Francisco, AMD CEO Lisa Su emphasized that AI represents the company’s most significant long-term growth opportunity. Su highlighted the…
Brookfield Renewable to acquire Duke Energy’s utility-scale renewables business for $2.8 billion
Duke Energy (NYSE: DUK) has reached an agreement to sell its utility-scale commercial renewables business to Brookfield Renewable Partners LP (“Brookfield Renewable”) (NYSE: BEP; TSX: BEP.UN) for an enterprise value of approximately $2.8 billion, including non-controlling tax equity interests and the assumption of debt. The sale includes Duke Energy Renewables’ portfolio of 5,900 megawatts (MW)…
Texere Publishing acquired by US healthcare media company BroadcastMed
Texere Publishing, a rapidly expanding specialist scientific and medical publisher based in Knutsford, has been acquired by US-based healthcare media company BroadcastMed. The acquisition marks another milestone in BroadcastMed’s aggressive expansion strategy, extending its reach to over 2.8 million healthcare professionals worldwide. Texere Publishing, founded in 2012, has cultivated an impressive portfolio of titles that…
Xiaomi Launches Pad 6 Tablet in India, Offering Premium Design and High-End Specs at Affordable Prices
Xiaomi has unveiled its latest tablet, the Pad 6, in India, continuing its commitment to delivering premium features and specifications at accessible prices. Serving as the successor to the Pad 5, the Pad 6 aims to bring a premium all-metal design and high-end features to the masses, positioning itself as Xiaomi’s answer to the OnePlus…
OnePlus Nord 3: The Successor to OnePlus’ Mid-Range Lineup on the Horizon
In an exciting development for OnePlus fans, it appears that the long-awaited successor to the OnePlus Nord 2 is finally on its way. German tech blog WinFuture recently shared alleged press renders of the upcoming device, suggesting that the OnePlus Nord 3 is just around the corner. While an official launch date has not been…
Sweaty Betty Appoints Melissa Mullen as Global Brand President
London, UK: Sweaty Betty, the renowned sportswear retailer, has announced the appointment of Melissa Mullen as its new Global Brand President, taking over from former Chief Executive Julia Straus. Mullen brings with her a wealth of experience in the retail industry, having most recently served as the Vice President and General Manager of the UK…
Longlive Launches App for Healthy Ageing, Aims to Improve Chronic Disease Management
London, UK: HealthTech startup Longlive has officially unveiled its app designed for healthy ageing in the UK health and social care market. The company’s mission is to democratize the latest technology by making it accessible to all older adults at no cost. By doing so, Longlive aims to drive system-wide enhancements in the prevention, detection,…
Toyota announces plans for full lineup of battery electric vehicles
TOKYO, JAPAN: Shares of Japanese automaker Toyota experienced a significant surge of 5% on Tuesday following the company’s announcement that it will introduce a complete range of battery electric vehicles (EVs) featuring “next generation” batteries starting in 2026. Toyota’s new EV unit, called BEV Factory, which was established in May, will be responsible for the…
GlobalFoundries and Lockheed Martin Form Partnership on Semiconductor Supply for Defense Systems
In a major move aimed at bolstering national security, GlobalFoundries, a leading semiconductor manufacturing company, and Lockheed Martin, a renowned missile manufacturer, have announced a strategic collaboration to ensure a reliable domestic supply of semiconductors for defense systems. The partnership, unveiled on Monday, aligns with the United States government’s CHIPS and Science Act, which aims…