DataBank has made a decisive move to fortify its standing in the rapidly evolving data center industry, raising $2 billion to significantly enhance the power supply capacities of its data centers. In a bid to meet the ever-increasing demands driven by advancements in artificial intelligence (AI) and cloud computing, the company is set to add an impressive 850 megawatts (MW)
Moondream, a startup recently emerged from stealth mode with an impressive $4.5 million in pre-seed funding, is making waves in the AI industry with its groundbreaking premise that smaller AI models can be just as effective as their larger counterparts. Supported by notable investors such as Felicis Ventures, Microsoft’s M12 GitHub Fund, and Ascend, Moondream has developed a vision-language model
Cyber Guru, a Rome-based cybersecurity training and awareness platform, has successfully raised $25 million in a Series B funding round led by Riverside Acceleration Capital and supported by Educapital and existing investor P101. This significant investment positions Cyber Guru to enhance its cybersecurity offerings and expand its market reach across Europe. Founded with the mission to tackle human vulnerabilities in
Embedded finance, a breakthrough concept, involves the seamless integration of financial products and services into non-financial service platforms. Globally, this model has revolutionized businesses by offering enhanced accessibility and efficiency in financial services. In Bangladesh, the potential for embedded finance to transform the business landscape is tremendous, promising unprecedented growth and innovation. This innovative approach enables sectors such as telecommunications,
In the rapidly evolving landscape of artificial intelligence (AI), smaller AI models are making a substantial impact. Historically, AI’s benefits have been harnessed primarily by large corporations with the resources to invest in complex systems. However, the emergence of smaller, more accessible AI models is shifting the competitive dynamics, particularly for small and medium-sized businesses (SMBs) in sectors like retail,
John Caplan, the relatively new CEO of Payoneer Global, has been steering the company on a strategic path of growth through targeted acquisitions. The most recent milestone in this journey is the purchase of Singapore-based Skuad for $61 million, with an additional $20 million contingent on performance metrics. This acquisition marks the third deal Payoneer has closed since Caplan’s takeover
The collaboration between Sharegain and DriveWealth marks a significant milestone in the FinTech world. These two leading financial technology companies are coming together with a shared vision to expand and optimize opportunities within the global securities lending market. Their partnership not only aims to streamline financial services but also to ensure adherence to strict regulatory standards. As each company brings
Nooks, a pioneering company in the sales automation industry, has recently unveiled its AI Sales Assistant Platform (ASAP), backed by a significant $43 million in Series B funding. This influx in capital, led by Kleiner Perkins with participation from Lachy Groom and Tola Capital, boosts Nooks’ total funding to $70 million. The company aims to revolutionize the sales workflow by
The tech world is abuzz with Qualcomm’s recent claims regarding their Snapdragon X Elite Laptop SoC and second-generation Oryon CPU. Qualcomm posits that these chips can outperform Intel’s Lunar Lake and AMD’s Strix mobile SoCs, leading to a heated debate about benchmarks, core configurations, and power efficiency. During the Snapdragon Summit 2024, Qualcomm presented various benchmarking data to substantiate their
The escalating tensions between chipmakers Qualcomm and Arm have reached a critical juncture, with a legal dispute stemming from Qualcomm’s 2021 acquisition of Nuvia, a company specializing in designing custom Arm-compatible chips for servers. This acquisition has ignited a fierce battle over licensing rights, rooted in the agreements initially granted to Nuvia. Before the acquisition, Nuvia held a Technology License
In a bold move aimed at enhancing administrative offerings for small businesses in the UK, business banking platform Tide has announced the acquisition of Onfolk, a UK-based SME payroll solution. This acquisition is expected to significantly streamline payroll processes for Tide’s extensive customer base, which includes over 650,000 small enterprises in the UK alone. By integrating Onfolk’s advanced payroll functionalities
Gusto, an innovative software company, has revolutionized the way small businesses handle payroll and HR tasks. This article delves into how Gusto simplifies these essential business operations, making life easier for entrepreneurs and small business owners. The company aims to remove the complexities and administrative burdens that often bog down small enterprises, allowing them to focus on their strategic growth
