Ramp, a finance automation platform headquartered in New York, has secured US$300 million in a Series D funding round. This achievement underscores its robust revenue growth and expanded market share, particularly among small to mid-sized businesses, and its recent foray into the enterprise segment.
Contemporary Amperex Technology Ltd (CATL), a Chinese lithium-ion battery manufacturer, has unveiled its latest innovation, Shenxing, a 4C lithium iron phosphate (LFP) battery capable of rapid charging. The term “4C” denotes the battery’s ability to be fully charged in just 15 minutes.
Opera’s AI-powered browser assistant, Aria, is now integrated into the Opera browser for iOS, completing its availability across major platforms. This development results from Opera’s partnership with OpenAI and provides users with an advanced AI service at no cost, complemented by Opera’s Composer framework that offers real-time web results. This integration proposes a fresh perspective on the evolution of web browsing.
Virtualitics, a California-based artificial intelligence (AI) and data exploration company, recently secured US$37 million through a Series C financing round. The round was spearheaded by Smith Point Capital, LLC, with additional contributions from Citi and advisory clients of The Hillman Company and other investors.
Gucci is set to debut its digital flagship store on the Chinese e-commerce platform JD.com, also known as Jingdong. This collaboration signifies the first instance of the iconic Italian luxury brand offering its vast collection, spanning a history of 102 years, to JD.com’s audience.
Firefly Aerospace, Inc., a U.S.-based end-to-end space transportation company, has unveiled its latest series of orbital vehicles, Elytra. Taking inspiration from the wings of a firefly, Elytra provides capabilities for on-orbit movement, hosting, delivery and servicing across cislunar space (i.e. the space region from Earth up to the Moon) and further.
Chargeflow, an automated chargeback platform headquartered in Delaware, the U.S., has successfully raised a substantial US$11 million in a funding round led by venture capital firm OpenView.
New research from BlackBerry Limited has disclosed that 75% of global enterprises are in the process of enforcing or contemplating restrictions on the use of generative AI tools, including ChatGPT, within their operations.
Asia’s flexible workspace provider, JustCo, has unveiled a collaboration with Changi Airport Group (CAG) to introduce and oversee Asia’s inaugural pay-per-minute coworking facility located within an airport, specifically Changi Airport Terminal 3 (T3).
Based in Cambridge, Massachusetts, Akkio, a no-code AI company, recently concluded its Series A funding round, securing US$15 million in investment. This round included contributions from Bain Capital Ventures (BCV) and Pandome, Inc. The funds are earmarked to accelerate the commercialization of Akkio’s AI platform.
In a major boost to its growth prospects, ToolJet, the innovative open-source low-code platform, has secured funding from M12, Microsoft’s venture fund and GitHub via the M12 GitHub Fund. The collaboration brings together two industry giants, Microsoft and GitHub, and holds great promise for accelerating ToolJet’s expansion and customer reach.
Microchip Technology, a leading semiconductor supplier of smart and secure embedded control solutions, has announced a major long-term initiative to invest approximately US$300 million in expanding its presence in India.
Dell Technologies has introduced new solutions designed to enable customers to swiftly develop on-site generative AI (GenAI) models. These solutions, building on the earlier Project Helix, include IT infrastructure, PCs and professional services. They simplify the integration of GenAI with large language models (LLM) for organizations at different stages of their AI journey.
A recent study titled “Talent Trends 2023: The Invisible Revolution” by Michael Page Hong Kong has shed light on the evolving dynamics of the Hong Kong workforce. While nearly half of the participants (49%) reported job satisfaction, an overwhelming 90% are still considering new job prospects. Interestingly, 80% of those who recently switched jobs are also exploring new opportunities.
For years, the idea of robots seamlessly integrating into our daily lives has been a staple of science fiction. Google has now taken a significant step towards making this a reality with the introduction of Robotics Transformer 2 (RT-2), a pioneering vision-language-action (VLA) model.
CFI Financial Group, a global trading provider, introduced Capitalise.ai, an artificial intelligence (AI) trading platform that brings a new era of automated trading to the Middle East and North Africa (MENA) region. This innovative tool enables clients to automate their trading strategies effortlessly without the need for coding expertise.
