Syntax Health, a New York-based provider of an enterprise SaaS-based solution for health plans and providers, has successfully raised $7.5 million in Seed funding. The funding round, led by undisclosed investors, will enable Syntax Health to accelerate its growth, expand operations, and further penetrate the market. Syntax Health offers an innovative enterprise SaaS platform designed…
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BeFC raises €16M to expand its ecological biofuel cell technology
BeFC, a French company that develops sustainable paper-based biofuel cells and ecofriendly microelectronics, has secured €16M in Series A funding led by Otium Capital. The company plans to use the new capital to grow its customer base and enter new markets in North America and Asia. BeFC was founded in 2020 by Dr. Jules Hammond,…
LinkedIn launches generative AI tool to write ad copy
LinkedIn, the professional networking platform owned by Microsoft, has introduced a new generative AI tool called AI Copy Suggestions to automate the writing process for ad campaigns on its platform. This latest addition to LinkedIn’s AI-driven features aims to assist users in generating introductory text and headlines for their ads. By leveraging data from the…
Apparel Group and Clarks Set to Open 20+ Stores in KSA
Apparel Group, a renowned global fashion and lifestyle conglomerate, has announced a significant strategic partnership with Clarks, a leading global footwear brand. The collaboration aims to accelerate the expansion of Clarks’ retail presence across the Kingdom of Saudi Arabia (KSA) by opening more than 20 stores over the next five years. The alliance between Apparel…
UK Government to Host Global Conference on AI Safety to Address Risks and Ensure Secure Development
London, UK: The United Kingdom government has made a groundbreaking announcement, revealing its plans to host the world’s first global conference on AI safety. Set to take place this autumn, the summit will bring together key countries, leading technology companies, and researchers to discuss and establish safety measures concerning the significant risks posed by artificial…
Volvo Unveils First Small Premium Electric SUV, the Volvo EX30, Available for Pre-Order
Milan, Italy: Volvo has officially unveiled its highly anticipated Volvo EX30, marking the company’s entry into the small premium electric SUV market. The all-electric vehicle is now available for pre-order, offering impressive performance and range. The base model, known as the Single Motor Extended Range, is equipped with a rear-mounted motor that delivers 268 horsepower…
WhatsApp Introducing Channels for Admins to Reach a Wide Audience
WhatsApp, the popular messaging platform owned by Meta (formerly Facebook), plans to unvei a new feature called “Channels” that allows admins to send text, photos, videos, stickers, and polls to their followers. However, unlike regular WhatsApp messages, followers will not be able to reply to these messages. The Channels feature aims to facilitate one-way communication…
Bank of Canada Raises Key Overnight Rate to 4.75%, Highest Level in 22 Years
In response to growing concerns about persistent inflation and strong economic growth, the Bank of Canada (BoC) has raised its key overnight benchmark rate to 4.75%, reaching its highest level in 22 years. The central bank had maintained the rate since January to assess the impact of previous hikes. Prior to this increase, borrowing costs…
Wholesale Used Vehicle Prices in U.S. Hit Lowest Point of the Year as Sales Decline
In May 2023, wholesale used vehicle prices reached their lowest level for the year, reflecting a decline in sales amid high interest rates and inflated retail prices. Cox Automotive, a leading provider of automotive services, reported a 2.7% drop from April to May in its Manheim Used Vehicle Value Index, bringing it to 224.5. This…
Onebeat Raises $10M in Funding to Expand AI-Enabled Retail Platform
Onebeat, an AI-enabled retail-tech company based in Tel Aviv, Israel, has secured an additional $10 million in funding. The funding round was led by Magenta Venture Partners, with participation from AnD Ventures, INcapital Ventures, J-Ventures, Surround Ventures, and Wilson’s Bird Capital. The fresh funding will be utilized by Onebeat to fuel the expansion of its…
German Industrial Production Rises Below Expectations in April
Berlin, Germany: German industrial production showed a slower-than-expected increase in April, according to data released by Destatis, the federal statistical office of Germany. The figures indicate a mixed performance across different sectors of the German economy. Industrial orders in April rose by 0.3% on a monthly basis, following a decline of 2.1% in March. However,…
Brussels Airport and Shenzhen Airport Strengthen Ties with Sister Airport Relationship Agreement
Brussels, Belgium: Brussels Airport and Shenzhen Airport have solidified their strategic partnership by officially signing a Sister Airport Relationship agreement. This collaboration aims to foster closer ties between the two airports and facilitate the exchange of best practices in the high-tech industry and B2B e-commerce. The partnership between Brussels Airport and Shenzhen Airport seeks to…