SAN FRANCISCO: Monarch, a personal finance startup, has secured $75 million in funding to fuel its rapid subscriber growth following the shutdown of budgeting tool Mint last year. According to reports, The Series B round, led by Forerunner Ventures and FPV Ventures, values Monarch at $850 million, co-founder Val Agostino said. The company, founded in 2018,…
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Salesforce to acquire Informatica in $8 billion deal to boost AI efforts
SAN FRANCISCO: Salesforce announced Tuesday it is buying cloud data management firm Informatica in an $8 billion deal as the enterprise software giant expands its push into artificial intelligence. The acquisition will integrate Informatica’s data catalog, integration and governance services with Salesforce’s AI platform, Agentforce, the company said. “Truly autonomous, trustworthy AI agents need the most comprehensive…
Mayville Engineering Company to acquire Accu-Fab for $140.5 million
Mayville Engineering Company (NYSE: MEC), a leading provider of design and manufacturing solutions, announced Monday it has reached a definitive agreement to acquire Accu-Fab, LLC, a contract metal fabricator, from Tide Rock Holdings for $140.5 million. The deal, expected to close in the third quarter of 2025, is subject to customary closing conditions. Accu-Fab specializes…
Circus SE acquires AI firm FullyAI to build unified nutrition intelligence layer
FRANKFURT: Circus SE (XETRA: CA1), a global leader in AI robotics for the food service industry, announced Wednesday the successful acquisition of agentic AI company FullyAI, a major step in its mission to create a unified intelligence layer across its robotics and software systems. FullyAI will serve as the cognitive engine for Circus’ ecosystem, beginning…
Blackstone to acquire TXNM Energy in $11.5 billion deal
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…
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…