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Cybersecurity company Wiz rejects Alphabet’s $23bn acquisition offer
Wiz has now decided to pursue an IPO with the aim of achieving $1bn in annual recurring revenue.
Accenture to acquire Camelot Management Consultants
Established in 1996, the acquired German company has a strong portfolio in supply chain, data, and analytics.
Canadian AI startup Cohere secures $500m in Series D funding
The company intends to use the funding to expand teams and enhance its enterprise-grade AI technology.
Meta faces $220m fine in Nigeria for data, consumer law violations
Beyond the fine, the FCCPC has demanded that Meta aligns with local laws and stops exploiting Nigerian consumers.
Magic Leap reportedly lays off entire sales and marketing workforce
The move comes as Magic Leap aims to navigate the evolving augmented reality market and capitalise on new business opportunities.
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Meta halts AI assistant amid Brazil data privacy ruling
The ANPD’s decision requires Meta to revise its privacy policy, removing provisions on processing personal data for AI training.
Nearfield Instruments secures €135m funding
The company plans to use the funding to expand its existing product portfolio and increase production capacity.
Pindrop secures $100m to enhance AI voice authentication tech
The company will enhance its audio, voice, and AI technologies, essential for organisations seeking to authenticate customers securely and at-scale.
Samsung to acquire Oxford Semantic Technologies in UK
Samsung’s collaboration with Oxford Semantic Technologies dates back to 2018, with Samsung Ventures having previously invested in the startup.
Quantum Rise secures $15m in seed funding
The startup’s approach, “Consulting 2.0”, involves deploying AI to automate workflows and offer AI solutions.