Blackstone Infrastructure has reached an agreement to acquire TXNM Energy, an electric utility holding company, in a deal that values TXNM at $11.5 billion. The acquisition is aimed at accelerating the clean energy transition and meeting growing power demand in Texas and New Mexico. TXNM Energy serves more than 800,000 customers through its regulated utilities—Texas-based TNMP…
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Temenos launches generative AI assistant to accelerate banking product innovation
GENEVA: Temenos (SIX: TEMN), a global leader in banking technology, announced Tuesday the launch of Temenos Product Manager Copilot, a generative AI-powered assistant designed to help banks create, test and optimize financial products faster. The new tool integrates Microsoft Azure OpenAI Service and is embedded within Temenos’ retail core banking platform. It allows product, IT…
Vibrint acquires Ampsight to boost federal tech, AI capabilities
STERLING: Defense technology firm Vibrint announced Tuesday it has acquired Ampsight, a provider of multi-cloud engineering, cybersecurity and AI solutions for federal agencies. The deal expands Vibrint’s reach into geospatial intelligence and enhances its IT lifecycle offerings. Ampsight specializes in explainable AI for geospatial and multimodal data, addressing transparency challenges in federal AI adoption. Its Northern…
Qualcomm announces to launch data center processors that link to Nvidia chips
SAN DIEGO: Qualcomm announced Monday that it is developing a custom central processing unit (CPU) for data centers that will integrate with Nvidia’s graphics processing units (GPUs) and software, marking a strategic expansion beyond its traditional mobile chip business. The move underscores the critical role of Nvidia’s infrastructure in artificial intelligence (AI), as its GPUs are widely…
Monexis launches upgraded multi-asset trading platform with personalized strategies
NEW YORK: Monexis has officially unveiled its revamped multi-asset trading platform, offering bespoke strategies, real-time analytics, and 24/7 global support. Built on the principle that “one strategy never fits all,” the platform combines personalized guidance with advanced technology to cater to traders of all levels. Key features include real-time market data, integrated portfolio management, institutional-grade…
ONFA Fintech expands digital banking platform with Metti Capital Funding
ONFA FINTECH USA, a subsidiary of METTITECH GROUP HOLDINGS, has secured strategic backing from Metti Capital Funding to expand its blockchain-based digital banking platform, the company announced. The move aims to strengthen ONFA’s technological infrastructure and accelerate its presence in the global decentralized finance (DeFi) market. ONFA operates at the intersection of blockchain and artificial…
Israel GDP grows 3.4% in Q1 as Gaza ceasefire provided brief respite
JERUSALEM: Israel GDP grew at an annualized rate of 3.4% in the first quarter, buoyed by a temporary Gaza ceasefire that allowed businesses to rebound before fighting resumed in mid-March, official data showed Sunday. The Central Bureau of Statistics reported the expansion in Israel GDP (gross domestic product), slightly below economists’ median forecast of 3.5%….
AI trust issues: Why transparency and accountability are non-negotiable
For over two years, generative artificial intelligence has dominated tech conversations since ChatGPT’s explosive debut. Yet despite its rapid adoption, trust remains a glaring issue—hallucinations, flawed calculations, and embedded cultural biases continue to plague AI outputs, exposing the dangerous limits of reliance on these systems. AI’s Fatal Flaws: Manipulation, Bias, and Hidden Agendas The problem…
China imposes anti-dumping duties on U.S., EU, Japanese, and Taiwanese POM copolymer imports
BEIJING: China on Sunday announced anti-dumping duties of up to 74.9% on imports of POM copolymers—an engineering plastic used in auto parts and electronics—from the United States, the European Union, Japan, and Taiwan. The decision follows a probe launched in May 2024, shortly after Washington raised tariffs on Chinese electric vehicles, computer chips, and other…
GameSquare’s Zoned and Fortnite to develop SpongeBob SquarePants-themed games
Zoned, a subsidiary of GameSquare (Nasdaq: GAME), has signed a license agreement with Paramount Game Studios to develop SpongeBob SquarePants-themed games within Fortnite, the company announced Thursday. The partnership builds on a successful initial campaign in December 2024, which introduced Bikini Bottom to thousands of fans and gamers. Paramount sees the expansion as an opportunity…
Org Group has acquired tech recruitment firm, Venturi
MANCHESTER: Venturi, a Manchester-based technology recruitment specialist, has been acquired by international professional services firm Org Group as part of its expansion into Europe and the U.S., the companies announced Wednesday. Venturi, which also operates in New York and Düsseldorf, will join Org Group’s portfolio, which includes talent services firm Morgan McKinley, business process company…
Qualcomm to develop AI data centers in Saudi Arabia, marking return to server CPU market
SAN DIEGO: Qualcomm has confirmed its reentry into the data center CPU market, partnering with Saudi Arabia’s state-backed AI cloud infrastructure project through a new collaboration with HUMAIN AI. In a press release, Qualcomm announced that it had signed a memorandum of understanding with HUMAIN AI, a Saudi venture backed by the Public Investment Fund (PIF). The agreement…