Leveraging the bullish sentiment and the increasing demand for artificial intelligence hardware, semiconductor company Intel has increased its latest equity offering, generating $20 billion worth of financing to aid the expansion of its foundry business segment. Intel has priced the issuance of 210.5 million common shares at $95 per share, amounting to only a small […]
Space exploration coupled with the creation of the artificial intelligence infrastructure calls for unparalleled financial muscle. In its groundbreaking first-ever quarterly earnings report following its going public debut, SpaceX offered a glimpse into what the real cost looks like for a rocket innovator to turn into a leading AI computing enterprise. Although the total figures […]
In a strategic move to counter the growing menace of cybercrime, global payments leader Visa has announced that it will buy the behavioral biometric technology company BioCatch for $2.4 billion in cash. The transaction entails the purchase of the Israel-based fraud protection company from the private equity company Permira, together with other minority holders. With […]
KKR, the global private investment firm, reported stellar financial results in the second quarter, easily surpassing expectations on Wall Street due to a significant turnaround in its dealmaking business and solid growth in management fees. The New York private equity firm reported $1.63 in net income per share, far ahead of analysts’ expectations of $1.43. […]
Apple is all set to register its best revenue performance in the June quarter in nearly half a decade through a smart move that helped shield its most important product line from rising industry costs. While other smartphone companies were charging customers extra for the increased prices of chip components, Apple managed to take a […]
Contact centers operating in highly regulated industries such as finance need high performance and reliability. In an effort to address this challenge, voice-first artificial intelligence provider Omilia has raised $67 million through a Series B fundraising round spearheaded by transatlantic investor and software firm Expedition Growth Capital. The new funds will be used to accelerate […]
As part of an audacious move to change the dynamics of the artificial intelligence (AI) technology race, Amazon is working to wind down most of its Nova models of AI solutions. The premier and Omni models of Nova, in addition to dedicated engines for content creation such as Reel for videos and Canvas for images, […]
In a remarkable financial maneuver that could change the future of how AI infrastructure is created, tech giant Nvidia is reportedly considering an incredible $250 billion financial guarantee that will back OpenAI. The potential backing is set to give OpenAI permission to lease the enormous 10-gigawatt data center facility that is currently under construction in […]
In the wake of the impact of generative AI on software development processes, the education sector is fast evolving in terms of its approach towards AI tools, from discouragement to encouraging students to use AI effectively. At the forefront of this global trend is educational technology startup Imagi, which managed to raise a $4.5 million […]
