Cardo AI, a leading next-generation asset-based finance and private credit technology platform, has raised $15 million in its Series A funding round. The investment was co-led by Blackstone Innovations Investments, Blackstone’s early-stage strategic investment arm, FINTOP Capital, and JAM FINTOP. The round also saw participation from Andy Horwitz and Kevin MacDonald, the co-founders of Black […]
Seagate Technology Holdings plc’s (NASDAQ: STX) stock faced a sharp decline following its Q1 FY 2025 earnings report. Despite surpassing Wall Street estimates with an EPS of $1.58—beating the forecasted $1.30—and revenue reaching $2.17 billion, above expectations of $2.13 billion, the market reacted negatively. Shares dropped by over 7% in early trading, raising questions about […]
IBM and Intel have unveiled a pivotal collaboration aimed at redefining enterprise artificial intelligence (AI) deployment. Scheduled for release in early 2025, this partnership focuses on embedding Intel Gaudi 3 AI accelerators into IBM Cloud. This initiative stands out as a strategic move to equip hybrid and on-premise environments with scalable and economically viable AI […]
In a significant move to bolster its strategic business operations, HCL Technologies (HCLTech) has announced an expansion of its partnership with Xerox. The renewed collaboration focuses on leveraging advanced AI and engineering services to propel Xerox’s ambitious Reinvention strategy, designed to transform the company into a more agile and sustainable organization. This extension of the […]
In a groundbreaking move to address the inefficiencies of traditional tollbooths, India is leveraging cutting-edge NVIDIA technology to modernize its vast road network. With nearly 4 million miles of roads and over a thousand tollbooths, many of which still operate manually, the country has long struggled with significant traffic delays and congestion. Revolutionizing Toll Collection […]
Intel Corporation announces significant layoffs and restructuring plans aimed at achieving $10 billion in savings by 2025. The American semiconductor giant, Intel Corporation, has revealed a substantial workforce reduction of approximately 15%, which will affect nearly 15,000 employees. This bold move is part of Intel’s broader cost-cutting strategy to enhance efficiency and market competitiveness. The […]
OpenAI, known for its pioneering artificial intelligence (AI) models, has unveiled SearchGPT, a novel search feature prototype designed to merge the power of AI with real-time web data to deliver rapid and accurate responses. At the forefront of this innovation, SearchGPT promises a streamlined, efficient search experience, directly responding to user queries with relevant results […]
Accenture has announced a groundbreaking development in the realm of generative AI with the introduction of its AI Refinery framework, built on the NVIDIA AI Foundry platform. This new framework is designed to help clients create custom Large Language Models (LLMs) using the newly launched Llama 3.1 collection of openly available models. This step represents […]
Samsung Electronics has announced the global launch of its latest Galaxy lineup, including the Galaxy Z Fold6, Galaxy Z Flip6, Galaxy Watch Ultra, Galaxy Watch7, Galaxy Buds3 series, and the highly anticipated Galaxy Ring. The new devices will be available from July 24, 2024, marking a significant expansion in Samsung’s Galaxy ecosystem with enhanced AI […]
Pearl, a leader in dental artificial intelligence (AI) solutions, and Patterson Dental Canada, Inc., a subsidiary of Patterson Companies, Inc. (Nasdaq: PDCO), have announced a significant partnership to broaden the reach of Pearl’s Second Opinion AI technology within the Canadian dental sector. This collaboration will integrate Pearl’s real-time pathology detection software, Second Opinion, into the […]