Tag Archives: AI

UAE-France High-Level Business Council Strengthens Economic Cooperation at Third Meeting

(IN BRIEF) At the third meeting of the UAE-France High-Level Business Council in Paris, strategic partnerships were formed to enhance collaboration in energy, renewable energy, infrastructure, and artificial intelligence. The event, co-chaired by H.E. Dr. Sultan Al Jaber and Patrick … Read the full press release

Experian and ValidMind Forge Partnership to Revolutionize Model Risk Management for Financial Institutions

(IN BRIEF) Experian and ValidMind have partnered to provide an integrated solution aimed at transforming model risk management for financial institutions. The solution combines the power of Experian’s Ascend Platform with ValidMind’s model governance and documentation automation tools to help … Read the full press release

DPG Media Partners with EIB for €120 Million Loan to Drive Digital Transformation

(IN BRIEF) DPG Media Group has secured a €120 million loan from the European Investment Bank (EIB) as part of its ongoing digital transformation, which involves investing €392 million in the period 2024-2026. The loan will help accelerate the company’s … Read the full press release

Amadix Secures €15 Million Loan from EIB to Expand Early Cancer Detection Solutions Across Europe and the U.S.

(IN BRIEF) Amadix, a Spanish biotech company focused on non-invasive blood tests for early cancer detection, has secured a €15 million loan from the European Investment Bank (EIB). This funding, backed by InvestEU, will support Amadix in advancing its blood … Read the full press release

Nokia Appoints Justin Hotard as New CEO, Succeeding Pekka Lundmark in Strategic Leadership Shift

(IN BRIEF) Nokia has announced a leadership change with Justin Hotard set to succeed Pekka Lundmark as the new President and CEO, starting April 1, 2025. Hotard, with over 25 years of experience in technology, is expected to drive Nokia’s … Read the full press release

VINCI Highways Expands Innovative Predictive Maintenance System to Patras Bypass Tunnels

(IN BRIEF) VINCI Highways, along with its Greek partners Avax, Aktor, and GEK Terna, has introduced its innovative predictive maintenance system to four tunnels on the Patras Bypass as part of a broader initiative to implement this technology across the … Read the full press release

Capgemini and Peugeot Sport Renew Partnership to Enhance Hypercar Performance and Drive Decarbonization Efforts

(IN BRIEF) Capgemini has renewed its partnership with Peugeot Sport to continue the development of the 9X8 Hypercar for the FIA World Endurance Championship (FIA WEC), focusing on leveraging AI technologies to enhance performance and reduce Peugeot Sport’s carbon footprint. … Read the full press release

Nokia Bell Labs Celebrates 100 Years of Innovation and Looks Toward a Future Shaped by Technology

(IN BRIEF) Nokia Bell Labs celebrates its 100th anniversary in 2025, marking a century of groundbreaking innovations such as the transistor, solar cell, and laser that laid the foundation for the digital era. The lab’s contributions to various fields including … Read the full press release

TUM Launches Cybersecurity Program with Google.org Support to Train the Next Generation of Digital Defenders

(IN BRIEF) The Technical University of Munich (TUM) has launched a new Cybersecurity Program to train over 200 students in the essential field of cybersecurity. Supported by up to 1 million USD from Google.org, the program aims to help students … Read the full press release

BMW Group Expands Quantum Computing Research to Drive Innovation in Automotive Design and Manufacturing

(IN BRIEF) BMW Group is expanding its quantum computing efforts, having already initiated research into this advanced technology since 2017. Quantum computing has the potential to significantly impact materials science, engineering, and logistics, and is expected to play a key … Read the full press release

University of Copenhagen Study Reveals AI’s Complex Impact on Freelance Job Demand Following ChatGPT Launch

(IN BRIEF) A new study published in the Journal for Economic Behaviour and Organization explores the changing landscape of freelance job demand following the release of ChatGPT in late 2022. The study found that job categories like copywriting, translation, and … Read the full press release

TravelPerk Secures $200 Million in Series E Funding to Expand AI-Driven Travel and Expense Management Solutions

(IN BRIEF) TravelPerk, a leader in business travel management software, has secured a $200 million Series E investment co-led by EQT Growth and Atomico, along with participation from other new and existing investors. The funding round, which boosts TravelPerk’s valuation … Read the full press release

Barco ClickShare Survey Reveals IT Leaders Struggling with Sustainability Goals Due to Lack of Support

(IN BRIEF) Barco ClickShare’s recent survey reveals a significant gap between IT leaders’ personal commitment to sustainability and the lack of organizational support to achieve decarbonisation goals. Despite 98% of IT leaders setting sustainability KPIs, challenges such as leadership indifference, … Read the full press release

NatWest Partners with Serene to Tackle Financial Vulnerability with AI-Driven Solutions

(IN BRIEF) NatWest Group has made a minority investment in Serene, an AI platform designed to help detect and address financial vulnerability. The collaboration will enable the bank to enhance its customer support models and provide personalized solutions for individuals … Read the full press release

Samotics Secures €20 Million EIB Financing to Accelerate AI-Driven Energy Efficiency and Reliability Solutions

(IN BRIEF) Samotics, a leading Dutch company in electrical data analytics, has secured €20 million in financing from the European Investment Bank (EIB) to accelerate its research and development on AI-driven technology designed to enhance the reliability and energy efficiency … Read the full press release

University of Groningen Researchers Focus on Sustainable and Collaborative AI Amid US $500 Billion Investment in AI Infrastructure

(IN BRIEF) The US plans a $500 billion investment into AI, including new infrastructure to support the energy demands of AI systems and flexible regulations. In contrast, researchers at the University of Groningen, led by professor Bart Verheij, are developing … Read the full press release

Naked Receives USD 4 Million Investment from DEG to Expand South Africa’s Digital Insurance Landscape

(IN BRIEF) Naked, South Africa’s fully digital insurance platform, has secured a USD 4 million equity investment from DEG to further its growth by enhancing automation, expanding its product offerings, and attracting more customers through targeted advertising. This is part … Read the full press release

Thales Leads the Way in Trusted, Ethical AI for Critical Systems and Global Security

(IN BRIEF) Thales, a global leader in defence, aerospace, and cybersecurity, continues to lead AI innovation for critical systems. The company is committed to developing trusted, ethical AI that emphasizes transparency, energy efficiency, and cybersecurity. With cutting-edge AI solutions applied … Read the full press release

TIMETOACT GROUP Expands Cloud Transformation Expertise with Acquisition of beBOLD Consulting

(IN BRIEF) TIMETOACT GROUP has acquired beBOLD, a consulting firm specializing in cloud transformation and digital innovation, marking another step in its strategy to expand its capabilities in cloud consulting. The acquisition strengthens TIMETOACT GROUP’s position in providing end-to-end cloud … Read the full press release

Alfa Laval Announces New Food Innovation Centre in Copenhagen to Drive Sustainable Food Production

(IN BRIEF) Alfa Laval has unveiled plans to open its Food Innovation Centre in Copenhagen, Denmark, by 2027. This new facility is part of the company’s capital investment strategy and aims to support the food industry in tackling the challenges … Read the full press release