• Thu. Aug 5th ,2021

News

Parker-Hannifin to acquire UK engineering firm Meggitt in a £6.3B deal

Meggitt, a UK-based defense and aerospace technology firm, has reportedly announced that it has agreed to a proposed £6.3 billion ($8.8 billion) takeover offer by US-based tech giant, Parker-Hannifin.

The deal has supposedly

US think tank warns EU-proposed AI law could cost $36Bn to its economy

A new report by Center for Data Innovation, a Washington-based think tank, has reportedly showed that a new law that has been designed to govern artificial intelligence (AI) in Europe might cost the EU economy €31 billion ($36 billion) over the next five years.

Zoom announces plans to acquire Five9 through a $14.7 billion deal

Zoom, a renowned online meeting and teleconferencing software company, has reportedly announced that it is acquiring Five9, a cloud-based contact center software vendor, in an all-stock deal valuing Five9 at $14.7 billion.

The take

French watchdog fines Google $593 million in news copyright dispute

The French competition regulators, reportedly handed Google a fine of €500 million ($593 million) for failing to adhere to an order to reach reasonable agreements with news publishers for the use of their material.

According t

Tesla releases new updates to the Full Self-Driving beta version 9

  • The American car maker has warned drivers to deploy the Full Self-Driving feature only if they pay constant attention to the road.

 

Amsterdam payments firm Mollie raises $800M, reaches $6.5B valuation

Dutch payments startup, Mollie, which helps enterprises integrate payments into sites, documents, and other services through an API, has reportedly raised $800 million in an equity funding round. Sources have confirmed that this funding has taken the company’s v

EU to formally investigate Google’s digital advertising business

Reportedly, Google may face its biggest regulatory risk as EU antitrust regulators are looking to begin a formal investigation into the tech giant’s booming digital advertising business by year end.

The probe would mark a new

Bipartisan Senate bill introduced to establish US-Israel AI R&D center

A new Senate bill has reportedly been introduced to establish a ‘US-Israel Artificial Intelligence (AI) Research and Development Center’ in efforts to promote bilateral cooperation in AI and support the advancement of the critical field.