All articles by Shivam Mishra
Shivam Mishra
AMD signs $665m deal to acquire Silo AI
Silo AI delivers AI integration into products, services, and operations across various markets.
Intuit to lay off nearly 10% of its workforce
The company’s CEO Sasan Goodarzi stated that more than 1,000 of the job cuts are due to employees not meeting the company’s heightened expectations.
Infinite Reality announces $450m acquisition of UK’s Landvault
Additionally, the company secured a $350m investment from an undisclosed private multifamily office.
KKR reportedly looking to divest roughly half of its 43% stake in Kokusai Electric
Based on the closing price as of 8 July 2024, a 20% share in Kokusai is worth approximately $1.6bn.
Hebbia raises $130m for AI-driven complex query software
The company’s software can analyse a wide range of digitised documents and data sources, including regulatory filings, and PDFs.
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Accenture acquires Excelmax Technologies
Excelmax specialises in delivering custom silicon solutions for a variety of applications including data centers, consumer technology and AI.
Spanish prosecutors probe Meta for potential AI data protection law breaches
The inquiry focuses on the use of user data for training its AI services within the European Union.
Foxconn plans to invest $551m in two new projects in Vietnam
This move is part of the company’s strategy to diversify its manufacturing bases across Asia, including India and Vietnam.
AI-driven robotics company Cartken secures $22.5m funding
The German company plans to use funding to expand partnerships with enterprises and enhance self-driving technology.
Amazon to halt Astro for Business security robot
The Astro for Business robot, which was sold for $2,349.99, was designed to provide round-the-clock business monitoring.