• Mon. Dec 5th ,2022

News

South Korea unveils $916 million strategy to lead global AI sector

The South Korean government has reportedly unveiled a blueprint to become a global leader in digital innovation, aiming to become the third most digitally competitive country by 2027. President Yoon Suk-yeol stated that the government will bring up its global competitiveness in artificial intelli

Eros Investments unveils mythology inspired Web3.0 Metaverse IMMERSO

Indian holding firm, Eros Investments, which focuses on ventures in global media, entertainment, and technology, has reportedly launched IMMERSO, a Metaverse that is inspired by ancient mythology, with elements of pre-historic sci-fi, fantasy, and adventure. The metaverse universe has 14 realms,

Swiss biotech startup Hedera Dx raises $13.7Mn in seed funding

Switzerland-based biotech startup, Hedera Dx, has reportedly raised €14 million ($13.7 million) to accelerate the adoption of liquid biopsy in cancer treatments and bring cutting-edge treatment options to patients globally. Cancer is one of the most prevalent illnesses across the world, with

UK watchdog wants deeper probe into Microsoft-Activision Blizzard deal

UK regulator, Competition and Markets Authority (CMA), has reportedly called for an in-depth investigation of the $68.7 billion acquisition deal of game studio Activision Blizzard by tech giant Microsoft, signaling yet another trouble for the deal, deemed the largest ever in the gaming industry.

JPMorgan Chase set to take over payments startup Renovite

American investment bank JPMorgan Chase & Co. has reportedly agreed to acquire the fintech startup Renovite to keep threats from fintech firms like Block, Inc, and Stripe at bay. The acquisition of the California-based startup is anticipated to accelerate JPM’s ability to deliver new of

S’pore: Whampoa Group to invest $100Mn via VC fund in digital assets

Leading Singapore-based investment group, Whampoa Group, is reportedly planning to increase investments in digital assets by deploying around $100 million in startups focusing on the segment via a venture capital fund. For the record, Whampoa Group is a co-founded establishment by Lee Kuan Yew, Sin

Uber Eats, Nuro ink 10-year deal for autonomous food deliveries

Online food ordering and delivery platform, Uber Eats, has reportedly inked a ten year contract with autonomous driving firm, Nuro, to have its deliveries done by a driverless delivery pod in Texas and California. The announcement came after the two companies went through 4 years of continuous st

SQream and Hitachi Vantara team up to offer Big Data, AI/ML solutions

Data solutions provider SQream has reportedly partnered with Hitachi Vantara, the IT arm of Hitachi Ltd., to deliver solutions that will allow large enterprises to make better use of their analytic systems, such as Hadoop-Hive, Teradata, and Cloudera. The move will enable both organizations to ac

Shadowfax looking to raise an investment of more than $100 million

Indian last mile delivery services provider, Shadowfax, is reportedly holding dialogues to raise a mix of primary and secondary capital between $75 and $100 million. While keeping the agreement detail discreet, anonymous sources revealed that investment fund A91 Partners is in talks to sponsor th