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25 Sept 2024

Salesforce Acquires Zoomin: A Strategic Move to Enhance Enterprise AI Capabilities

Salesforce, the CRM giant, has acquired Zoomin, an Israeli startup specializing in knowledge management. This strategic move aims to bolster Salesforce's AI capabilities and improve its enterprise offerings.

3 Sources

iPhone Designer Jony Ive and OpenAI CEO Sam Altman Collaborate on Mysterious AI Device

Former Apple design chief Jony Ive and OpenAI CEO Sam Altman are reportedly working together on a new AI hardware device. The project, shrouded in secrecy, has sparked curiosity and speculation in the tech world.

4 Sources

AI Market Set to Soar to $990 Billion by 2027, Driven by Rapid Adoption and Innovation

A new report by global consultancy Bain & Co. predicts the artificial intelligence market could reach $990 billion by 2027. This explosive growth is fueled by widespread adoption across industries and continuous technological advancements.

7 Sources

World Bank President Ajay Banga Highlights PM Modi's US Relationship Strategy

World Bank President Ajay Banga praises Prime Minister Narendra Modi's consistent efforts to strengthen India-US relations since taking office. Banga emphasizes the importance of this relationship for both countries.

2 Sources

Mindspace Business Parks REIT and Princeton Digital Group to Develop Massive Data Centre Campus Near Mumbai

Mindspace Business Parks REIT and Princeton Digital Group announce partnership to develop a 200MW data centre campus in Airoli, near Mumbai, marking a significant boost to India's digital infrastructure.

2 Sources

Snowflake Raises $2 Billion Through Convertible Senior Notes Offering

Snowflake Inc., a cloud data platform company, has successfully priced a private offering of $2 billion in convertible senior notes due 2029, with potential for an additional $300 million.

2 Sources

Cybersecurity Startup Wiz Explores Share Sale at Potential $20 Billion Valuation

Wiz, a cloud security startup, is reportedly considering a share sale that could value the company at up to $20 billion. This move comes as the cybersecurity firm experiences rapid growth and seeks to capitalize on increasing demand for cloud security solutions.

2 Sources

OpenAI's Ambitious Plan to Build Massive AI Data Centers Sparks Energy Concerns

OpenAI, the company behind ChatGPT, has proposed a bold plan to construct enormous AI data centers, potentially consuming as much as 5 gigawatts of power. This initiative has raised questions about energy consumption and its impact on the power grid.

9 Sources

NetApp Revolutionizes Enterprise AI with Intelligent Data Infrastructure and Hyperscaler Partnerships

NetApp, a leader in data management and storage solutions, announces significant advancements in AI-driven data infrastructure and strategic partnerships with major tech giants. The company's latest innovations aim to transform enterprise AI capabilities and data management.

6 Sources

Indian-Origin Techie Develops AI-Powered Wearable for Infinite Memory

An Indian-origin entrepreneur has created a groundbreaking AI-powered wearable device that captures and analyzes every moment of a user's life, offering a form of 'infinite memory'.

3 Sources

LG Energy Solution Unveils 'B-Around': A Comprehensive Battery Management Solution

LG Energy Solution, a global leader in advanced lithium-ion batteries, has launched 'B-Around', a new brand offering total solutions for battery management. This innovative platform aims to revolutionize the electric vehicle and energy storage sectors.

2 Sources

Global Stock Markets Rally as Interest Rate Concerns Ease

Asian and European markets surge following Wall Street's recovery. Investors show optimism as concerns over prolonged high interest rates subside, while tech and chip stocks lead the gains.

10 Sources

NetApp Unveils High-Performance Systems to Accelerate Critical Block Storage Workloads

NetApp introduces new high-performance storage systems, the AFF C-Series and AFF A150, designed to accelerate critical block storage workloads and enhance data center efficiency.

2 Sources

Sage Geosystems and California Resources Corporation Form Strategic Partnership for Subsurface Energy Storage and Geothermal Power in California

Sage Geosystems Inc. and California Resources Corporation have announced a strategic partnership to develop subsurface energy storage and geothermal power generation projects in California, aiming to advance clean energy solutions and support the state's decarbonization goals.

2 Sources

HII Secures Major Amphibious Multi-Ship Procurement Contracts

HII, America's largest military shipbuilding company, has been awarded significant contracts for the construction of amphibious assault ships. The contracts, valued at $2.99 billion, mark a crucial development in the U.S. Navy's fleet expansion efforts.

2 Sources

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