Author: nripn

Saudi healthcare investor Burjeel Holdings partners with US company Axiom Space for space medical research In a major milestone for global healthcare and space exploration, Burjeel Holdings, one of Saudi Arabia’s leading healthcare investors, announced a partnership with Axiom Space, a global leader human spaceflight services. The partnership, unveiled at New York’s iconic Times Square, is expected to push the boundaries of medical research and innovation by leveraging the unique environment of space to study how the human body responds in microgravity . This long-term collaboration with Axiom Space, renowned for its global missions to the International Space Station, will…

Each of the six publicly traded companies with market capitalizations exceeding $1 trillion has played an important role in the advancement and development of artificial intelligence (AI). Four of them have divide their stocks over the last five years.It might not be long before another AI split action joins the ranks. Broadcom (NASDAQ:AVGO) has become a key provider of data center AI chip designs, complementing its other semiconductor designs and enterprise software business.With a market cap of around $850 billion, Broadcom, as of this writing, needs to gain 18% to reach the $1 trillion mark. Here’s why it’s bound to…

Tanzanian payment company Nala has secured $40 million in Series A funding, which it plans to use for global expansion and to strengthen its payment systems across Africa. Based in Kenya, Nala is a fintech startup enabling money transfers from the UK, US and EU to Kenya, Uganda, Tanzania, Rwanda and Ghana. This new funding follows a $10 million funding round in 2022 and will further improve the reliability of its African payment systems by establishing its own payment infrastructure, the company said. Nala’s investment round has attracted funding from global firms such as San Francisco-based Acrew Capital, DST Global,…

The survey found that 60% of respondents who started using AI said their projects were successful. (Credit: wutzkohphoto/Shutterstock) AI adoption is increasing among chief financial officers (CFOs), as 70% of finance professionals plan to invest in AI technologies in the next five years, according to a Wolters Kluwer survey . The report, titled “AI in finance, from skepticism to optimism” highlights how the perception of AI among financial executives is evolving, with many increasingly seeing AI as an integral part of their strategies. “Adopting AI in the CFO’s office is no longer a question of ‘if’ – but ‘when’ and…

Diving brief: More than two thirds of corporate finance teams work in the field exploratory stage of artificial intelligence implemented, information services company Wolters Kluwer found in a global survey. Only 9% of respondents said their organization The finance function was already exploring ways to expand AI projects on a larger scale, according to a report on the findings released Thursday. The survey was completed by 181 participants, representing various roles within their organizations, primarily in the financial field. “AI adoption (in the CFO’s office) is just beginning to accelerate,” the report said. The study “indicates that organizations are actively…

Press release, Orbis Research – The Global Cloud AI in Fintech Market The research provides in-depth assessments of the Cloud AI in Fintech industry, along with critical market segment data. Request a sample report @ https://www.orbisresearch.com/contacts/request-sample/6560599 The study conducts in-depth interviews with industry experts in cloud AI in fintech to help draw its conclusions. It also provides a comprehensive overview of the field, discussing the most recent scientific and technological advances, market limitations and investment potential. The research examines customer preferences and provides practical suggestions and business adjustments to industry competitors. The report also addresses external, interpersonal and environmental…

The company plans to develop a mobile application that simplifies financial management.Source link Disclaimer We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi We want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It is possible that some of the investors we feature have ties to other companies, including competitors or companies we write about. However, we would like to assure our readers that this will have no impact on the integrity or impartiality of our reporting. We are committed to providing…

AMD (AMD) launched its latest artificial intelligence chips on Thursday at its Advancing AI 2024 event in San Francisco, California.The wave of announcements comes as AMD continues to battle AI market leader Nvidia (NVDA) and is looking to take greater market share from its long-time rival, Intel (INTC) in server CPU space.The company showed off its new 5th Generation AMD EPYC central processing units (CPUs) for servers, provided details on its Instinct MI325X AI accelerator, and demonstrated its Ryzen AI PRO 300 AI PC processors for enterprise customers.AMD shares fell more than 4% in afternoon trading.AMD claimed its high-end 5th…

Over therea London-based rewards credit card startup backed by investors including GoCardless’ Matt Robinson, Cred’s Kunal Shah and Rio Ferdinand, today launched free membership as part of its latest initiative to rebuild young consumers’ relationships with credit. Designed for ‘adventurous’ millennial and gen Z professionals, Yonder’s new membership has no monthly fee and allows members to earn 1 point for every £1 wherever they spend, with no exchange fees charged when their expenses abroad. The startup’s proposition centers around a unique rewards program that allows users to integrate the card into their daily lifestyle, prioritizing discovery as a key element…

Digital banking provider Monzo Bank Ltd. Today disclosed that it completed a secondary sale for a valuation of $5.9 billion. A secondary sale is a transaction that allows a startup’s employees and early investors to sell some of their shares. According to Monzo, Singapore sovereign wealth fund CIG and StepStone Group bought shares in the deal. The company did not disclose the amount of the sale. London-based Monzo launched a mobile banking app in 2015 positioned as an alternative to traditional financial institutions. In the years since, it has built an installed base of more than 10 million consumers. The…