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Showing posts from June, 2024

Eiffage Teams Up with Google Cloud for AI

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  Version 1: Google Cloud and Eiffage, a top construction and concessions company in Europe, have joined forces to enhance efficiency and streamline operations through AI. This collaboration will see Eiffage utilizing Google Cloud's data and AI solutions to develop and implement an AI strategy tailored to its needs. The partnership will also focus on creating a secure internal technology platform using various Google Cloud solutions, ensuring top-notch security and confidentiality standards. Additionally, Eiffage will integrate AI into its operations and processes, benefiting from Google Cloud's sustainable infrastructure to support its own sustainability goals. Furthermore, Eiffage University will introduce a data and AI curriculum to enhance employees' skills and understanding of technology, fostering a culture of innovation within the company. More Information :   https://www.techdogs.com/tech-news/pr-newswire/eiffage-partners-with-google-cloud-to-innovate-and-accelerate

Darktrace Wins 2024 Microsoft UK Partner Award

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  Darktrace has been named the UK 2024 Microsoft Partner of the Year, standing out among a global pool of top Microsoft partners for their exceptional work in innovation and implementing customer solutions using Microsoft technology. "It's truly an honor to receive this recognition from a company we deeply respect and collaborate closely with," mentioned Nicole Eagan, Darktrace's Chief Strategy & AI Officer. "The partnership between Microsoft and Darktrace is a formidable one, offering proactive cybersecurity solutions tailored to organizations by merging extensive threat intelligence with security insights specific to each customer's digital presence. Our goal is to consistently enhance and enhance the Microsoft security suite, covering email, Azure, and Copilot." The Microsoft Partner of the Year Awards celebrate partners who have excelled in developing and delivering exceptional Microsoft Cloud applications, services, devices, and AI innovations o

HydroX AI Secures $4M, Launches EPASS

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  HydroX AI, a startup specializing in artificial intelligence (AI), has recently secured a $4 million angel round of funding from Vitalbridge Capital, Atom Capital, and renowned AI expert Qi Lu, EVP of Microsoft and former COO of Baidu. This investment will enable HydroX AI to continue innovating in the field of large language model (LLM) safety and further their goals of entering the market. The funding comes at a time when the LLM AI market is experiencing rapid growth. It is projected that global LLM revenue will reach $260 billion by 2030. However, this growth also brings about increased safety and security risks. HydroX AI has discovered that a typical LLM can be vulnerable to attacks and compromise within just three months of its release, necessitating constant updates to security measures. As a result, HydroX AI recognizes the significant need and potential in the AI Trust, Risk, and Security Management (AI TRiSM) sector. According to Ben, a partner at Vitalbridge Capital, the

Asia Mobiliti Praised for Intelligent Mobility

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  Frost & Sullivan recently conducted a study on the mobility-as-a-service (MaaS) industry and has awarded Asia Mobiliti with the 2024 Asia-Pacific (APAC) Customer Value Leadership Award. This start-up is dedicated to transforming urban mobility by creating innovative data products. They focus on developing a cutting-edge data platform that connects fleet operators, transport providers, transit authorities, and end users through data-driven solutions. Asia Mobiliti offers a range of products and services, including IoT and Machine Learning powered digital city solutions, MaaS technologies, Demand-Responsive Transit systems, and mobility data services. Their unique platform integrates IoT and telematics with journey planning, leading the way in transport digitalization. The company is committed to revolutionizing intelligent urban mobility by providing real-time tracking and monitoring capabilities for vehicles and fleets, optimizing routes, enhancing fuel efficiency, and offering v

DXC Luxoft & ECARX Enhance Automotive Innovation

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  ECARX and DXC Luxoft have announced a collaboration to speed up the development of in-car capabilities, resulting in improved infotainment, digital cockpit, and advanced driver assistance systems. This partnership will enhance the user experience for drivers by providing seamless access to a wide range of services. By combining ECARX's hardware and software offerings with DXC Luxoft's expertise in software integration and engineering, automotive OEMs will be able to develop customized solutions and innovative user experiences. DXC Luxoft's deep domain expertise and AI-powered software development will further empower automotive OEMs in this partnership. ECARX will provide turnkey solutions for smart vehicles, including computing platforms and in-vehicle software, to connect the systems of next-generation software-defined vehicles. More Information :   https://www.techdogs.com/tech-news/pr-newswire/dxc-luxoft-and-ecarx-partnership-boosts-advanced-innovation-capabilities-fo

CellPoint Digital Partners With Nexus Tours

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  CellPoint Digital has recently partnered with Nexus Tours, a top destination management company in the Caribbean, Central America, and North America. This collaboration will bring advanced payment solutions, streamlined operations, and improved cash management strategies to enhance the overall customer experience.  As GoNexus Group expands its operations into new markets, this partnership will play a key role in supporting its growth. With a successful performance in 2023, handling over 3.5 million guests, GoNexus Group has introduced innovative solutions like the NexusTours App. This app, available in English and Spanish, offers trip-planning support, online check-ins, and E-Wallet vouchers.  By leveraging CellPoint Digital's payment solutions, Nexus Tours will benefit from increased reach with local acquirers, easier deployment of alternative payment methods, and centralized control over payment processes. This will not only impact profitability but also boost customer retentio

VoltR Secures $4M for Lithium Battery Refurb

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  VoltR, a French company specializing in sustainable lithium batteries, has successfully raised €4 million to further develop its processes. This seed funding round received support from various investors including C4 Ventures, Exergon, Pays de la Loire Participations, and Anjou Amorçage. Moving forward, VoltR will focus on expanding its pilot plant, streamlining its refurbishment processes, conducting research and development, and hiring new talent. Additionally, a Series A funding round with a target of several tens of millions of euros has already been initiated and is expected to conclude by the fourth quarter of 2024. VoltR's efforts are driven by the need to address ecological challenges and promote European sovereignty. As the energy and industrial sectors transition, there is a growing demand for batteries, particularly in the context of electrification. However, the production of batteries, which relies on raw materials like lithium, consumes significant amounts of energy

Paladin Energy to Acquire Fission Uranium

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  Paladin Energy Limited and Fission Uranium Corp. have announced a definitive arrangement agreement where Paladin will acquire all of Fission's shares. Fission shareholders will receive 0.1076 fully paid shares of Paladin for each Fission share. This represents an implied value of C$1.30 per Fission Share, an implied equity value of C$1,140 million, a 25.8% premium to the closing price of Fission Shares on the TSX on 21 June 2024, and a 30.0% premium to the 20-day Volume Weighted Average Price of the Fission Shares on the same date. After the Transaction, Fission shareholders will own 24.0% of Paladin, with a pro-forma market capitalisation of approximately US$3.5 billion. Paladin has applied for listing of the Paladin Shares on the Toronto Stock Exchange. Fission's Board of Directors recommends that shareholders vote in favor of the Transaction. Cantor Fitzgerald and SCP Resource Finance have provided opinions supporting the fairness of the Offer Consideration. More Informati

Whitney Rose Unveils SL People - Social Selling

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  Whitney Rose, a well-known celebrity, entrepreneur, and TV personality, has just announced her latest venture called Sōl People. This innovative social selling company takes a holistic approach to wellness, healing, and transformation. By combining scientifically-backed products with digital courses and a vibrant community, Sōl People is truly breaking new ground. Rose has teamed up with co-founder Ashlee Headlee, a powerhouse female business owner, and together they will serve as co-CEOs, aiming to create an experience that goes beyond traditional direct selling. The prelaunch date for Sōl People was strategically chosen to coincide with the Summer Solstice on June 20. One of the exciting aspects of Sōl People is the exclusive access it offers to the Wild Rose Beauty skincare line. Created by Whitney Rose herself, this skincare line has already garnered thousands of positive reviews and has a dedicated community. This sets the stage for a successful introduction of Sōl People into a

Energy Sector Leaders Double Peers' Growth

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  Over the past five years, the top performers in the energy sector consistently outperformed their peers in the same macroeconomic conditions, creating significant value. According to a recent report by Boston Consulting Group (BCG) titled "Six Lessons from Energy's Top Performers: Energy Value Creators 2024," the average annual total shareholder returns (TSR) between 2019 and 2023 varied from 6% to 48% across different subsectors. The overall sector had an average TSR of 12%. Within subsectors, there was a notable 30% difference between the top-performing companies and the bottom performers. The report, which analyzed 150 of the largest energy companies with a combined market capitalization of $5.1 trillion, highlighted the clean tech subsector as the leader with an impressive five-year average TSR of 48%. This exceptional performance was driven by accelerated earnings growth and a positive outlook. On the other hand, regulated utilities had an average TSR of 6% during

GC Cell Signs MOU with KALBE Affiliate

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  GC Cell, a leading pioneer in cell and gene therapy, is excited to announce a new strategic partnership with Bifarma, a prominent player in stem cell therapy in Indonesia. Bifarma, a subsidiary of PT Kalbe Farma Tbk, Southeast Asia's top pharmaceutical company, brings extensive expertise in R&D, GMP-compliant manufacturing, and the commercialization of cell therapies. This partnership is a major milestone for GC Cell as it allows them to enter the Indonesian market and expand their presence in the innovative cell therapy sector. One of the key objectives is to introduce 'Immuncell-LC', the only approved autologous T-cell therapy for liver cancer surgery in Korea, to the Indonesian market. Additionally, the partnership includes discussions on technology transfer and collaboration in developing NK cell therapy pipelines. In addition to this exciting partnership, GC Cell has recently unveiled its Blueprint 2.0 strategy, which focuses on future growth drivers. A crucial a

AMS Market to Grow by $74.1B from 2024-2028

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  According to Technavio, the global application management services market is expected to experience significant growth, with an estimated increase of USD 74.1 billion from 2024 to 2028. The market is projected to grow at a compound annual growth rate (CAGR) of over 28.81% during the forecast period. This growth is primarily driven by the increasing demand for application management services, fueled by the widespread adoption of personal devices in the workplace. However, one of the challenges faced by the market is the longer implementation process.  The market is fragmented, with key players such as Accenture Plc, Capgemini Service SAS, Cognizant Technology Solutions Corp., Deloitte Touche Tohmatsu Ltd., DXC Technology Co., Fujitsu Ltd., HCL Technologies Ltd., Hexaware Technologies Ltd., Infosys Ltd., International Business Machines Corp., Mercer LLC, Meteorite Informatics Pte. Ltd., Mindtree Ltd., Mphasis Ltd., Resolute Technology Solutions Inc., Rimini Street Inc., ScienceSoft USA

YolTech & KACTUS Unite for DNA Editing in China

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  YolTech, a biopharmaceutical company focused on mRNA-LNP delivery for gene editing therapies, has joined forces with KACTUS, a prominent developer in the biopharmaceutical industry, to accelerate the commercialization of YolTech's exclusive DNA editor, YolCas12TM, in Greater China. As part of this partnership, KACTUS will have exclusive rights to produce and sell YolCas12TM. YolCas12TM is a groundbreaking technology that enables precise modifications at the molecular level, offering unmatched accuracy and efficiency. Its potential applications span across gene therapy and biomedical research, which have already been validated by various collaborative companies. Currently, TolTech has successfully entered the clinical trial phase with this editor. "We're thrilled to announce this collaboration with KACTUS, which highlights our leadership in genetic innovation," stated Dr. Yuxuan Wu, the Founder and CEO of YolTech. "This milestone demonstrates our dedication to a

ROLLER, Workforce.com Streamline Roster Management

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  ROLLER, a leading provider of venue management software for the attractions industry, is thrilled to announce its exciting new integration with Workforce.com (also known as Tanda in Australia), a top-notch global software for payroll, scheduling, HR, and workforce management. With this integration, ROLLER customers can effortlessly sync their sales data with the Workforce.com platform. This means they can automatically create staff schedules based on projected demand, ensuring that their staffing levels perfectly match the expected busy days. No more worries about being understaffed or overstaffed! By utilizing actual sales data, venue operators can now make well-informed decisions that optimize their labor budgets and enhance operational efficiency. "We're really pumped up about this integration with Workforce.com," exclaimed Greg Spittle, Head of Partnerships at ROLLER. "We're constantly on the lookout for ways to simplify day-to-day operations for our custom

Serafim S3 Wins Best of CES 2024, Pre-Order Soon!

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  Exciting news! Serafim is thrilled to share that the groundbreaking Serafim S3 Cloud Gaming Controller has been awarded the prestigious title of Tom's Guide's Best of CES 2024. Tom's Guide, a renowned technology publication in the United States, recognizes the S3 controller for its innovative features.  Starting from June 2024, you can pre-order the S3 controller, which will transform your smartphone into a powerful handheld gaming console. Now you can enjoy your favorite games wherever you go! Let's take a look at the highlights of the Serafim S3 Cloud Gaming Controller: 1. World's First Interchangeable Ergonomic Grips: The S3 offers a patented design with interchangeable grips, allowing you to customize your gaming experience for maximum comfort, regardless of your preferences. 2. Universal Gaming Powerhouse: With the exclusive Serafim Console app, you gain access to a vast library of games across popular platforms such as PlayStation, Steam, Xbox, GeForce Now,

Plug and Play Honors 5 Partners for Innovation

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  Five corporate partners from Silicon Valley's Plug and Play headquarters have been honored for their exceptional dedication to innovation. These partners, including Nissan, Daikin, Kyocera, U.S. Bank, and SMBC, are part of the prestigious "Decade of Innovation" club, representing the top 1% of Plug and Play's long-standing corporate partners worldwide.  "We are thrilled to recognize the incredible achievements we have accomplished alongside these partners in the last 10 years. Their unwavering commitment to fostering innovation is truly inspiring, and we eagerly anticipate many more years of collaboration," stated Saeed Amidi, the Founder and CEO of Plug and Play. Throughout the past decade, Plug and Play has played a pivotal role in empowering startups and revolutionizing how organizations embrace new concepts. Together with its partners, Plug and Play has cultivated a dynamic ecosystem where revolutionary solutions are born and businesses flourish. More

Wego & GNTO Showcase Germany's UNESCO Gems

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  Wego, the top travel app and the biggest online travel marketplace in the Middle East and North Africa (MENA), has just announced an exciting new campaign through a strategic partnership with the German National Tourist Office (GNTO). The main goal of this collaboration is to position Germany as a leading destination for GCC travelers who are looking for enriching experiences centered around UNESCO World Heritage sites and eco-conscious adventures. Through Wego's platform, this partnership will focus on enhancing traveler engagement by providing personalized recommendations and exclusive content. By utilizing advanced data analytics and user feedback, the campaign aims to create tailored travel experiences that cater to individual preferences and interests. "We are absolutely thrilled to partner with Wego, one of the top travel platforms in the region," said Yamina Sofo, Director of the Marketing & Sales Office – German National Tourist Office (GNTO) GCC. "This

Tata Elxsi and Red Hat Boost 5G Vehicle Apps

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  Tata Elxsi, a global engineering and design company, has announced a new collaboration with Red Hat, the world's top provider of traditional operating systems. The goal is to facilitate the movement of applications in a 5G multi-cloud environment for Telcos and MVNOs. The partnership will focus on utilizing OpenShift, Red Hat's container platform, as a consistent container-as-a-service (CaaS) layer across various cloud environments. Additionally, Neuron, Tata Elxsi's Multi-layer Automation Platform, will enable seamless cloud automation, 5G application placement, and modernization. Tata Elxsi and Red Hat will be teaming up to work on a 5G Connected Car project, utilizing TETHER, Tata Elxsi CVP Platform, and Red Hat In-Vehicle OS. This initiative will introduce Edge Analytics, In-Vehicle data processing, and management with MlOps. Tata Elxsi will contribute its expertise and solutions in the Connected Vehicle sector, along with its capabilities in 5G network design, orches

Aon Unveils $350M Program for Ukraine Recovery

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  Aon plc, a prominent global professional services firm, has unveiled a groundbreaking $350M insurance program in collaboration with the U.S. International Development Finance Corporation to enhance insurance capabilities and drive new capital investment for economic recovery in Ukraine. As a major player in the Ukrainian market, Aon has spearheaded a comprehensive $50M reinsurance facility, in partnership with DFC and the Ukraine Ministry for Development of Economy and Trade, to facilitate the issuance of on-the-ground war risk policies for businesses in Ukraine. Additionally, Aon and DFC have jointly developed a $300M war risk insurance program tailored for Ukraine's health care and agriculture sectors. Eric Andersen, president of Aon, emphasized the importance of protecting capital through this innovative program with the U.S. International Development Finance Corporation to stimulate investment in Ukraine during a critical period. The initiative aims to bolster the local insur

Alida Biosciences Secures Series A Funding

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Exciting News for Epigenomic Research Alida Biosciences, a leader in epigenomic research tools, is thrilled to announce the successful closing of a $7.5 million Series A funding round. This round was led by Genoa Ventures, along with FusionX Ventures and Vertical Venture Partners. In addition to this funding, AlidaBio has secured two ongoing SBIR grants totaling $4 million from The National Human Genome Research Institute.  Furthermore, AlidaBio is excited to introduce the Early Access launch of two groundbreaking products: the EpiPlex™ RNA Library Prep Kit and the EpiScout™ Analysis Suite. These products offer a comprehensive solution for multiplexed epitranscriptomic analysis of clinical research RNA samples with limited input, providing unmatched sensitivity and accuracy. More Information : https://www.techdogs.com/tech-news/pr-newswire/alida-biosciences-announces-series-a-funding-and-early-access-launch-of-innovative-products-for-epitranscriptomic-research

Microsoft Aids Rural Hospitals Against Cyberattacks

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  Microsoft Corp. made an announcement on Monday about a fresh cybersecurity initiative aimed at assisting hospitals that cater to over 60 million people residing in rural America. In 2023, the healthcare sector witnessed a higher number of ransomware attacks compared to any other critical infrastructure sector, with ransomware attacks against the healthcare sector rising by almost 130%. These cybersecurity attacks disrupt healthcare operations nationwide and directly jeopardize patient care and the essential functioning of hospitals. In rural communities, these attacks can be particularly devastating, especially for smaller, independent Critical Access and Rural Emergency hospitals that have limited resources to prevent and address security risks. Often, these hospitals are the sole healthcare option available for miles in the communities they serve. According to the National Rural Health Association, rural health clinics are among the primary targets for cyberattacks. The newly intro

Commit Biologics to Present at Complement Conf.

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  Commit Biologics, a leading company in utilizing the complement system to treat cancer and autoimmune diseases, has announced that it will be presenting a poster at the 16th International Conference on Complement Therapeutics. The poster will showcase important data regarding Commit's innovative Bispecific Complement Engaging (BiCE™) platform. The conference will take place in Loutraki, Ancient Corinth, Greece, from June 11-16, 2024. The poster, titled "BiCE™ – An antibody platform to potentiate complement activation for the treatment of cancer and autoimmune diseases," will be presented by Dr. Nick S. Laursen, Chief Scientific Officer and Co-Founder of Commit Biologics. The data presented will highlight the optimization of the BiCE™ platform and demonstrate that Commit's second-generation BiCE™ molecules exhibit superior complement-mediated cell killing compared to other technologies. This groundbreaking technology has a unique mechanism of action and holds great p

CrowdStrike Wins 2024 Cloud Security Award

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  Frost & Sullivan awarded CrowdStrike the 2024 Global Customer Value Leadership Award for their outstanding practices in Cloud Security. CrowdStrike was commended for their ability to streamline and expand cloud security through a unified platform. The CrowdStrike Falcon® Cloud Security offers customers worldwide comprehensive protection from code to cloud, allowing them to consolidate various products and prevent cloud breaches. In the CrowdStrike 2024 Global Threat Report, it was revealed that cloud exploitation incidents increased by 110% in the past year, with adversaries becoming more focused and persistent. Preventing cloud breaches necessitates a modern protection approach that addresses cloud security risks comprehensively. CrowdStrike Falcon Cloud Security provides the most comprehensive CNAPP available today in a single, unified platform, enabling customers to detect, secure, and prevent all cloud threats and attack surfaces across infrastructure, workloads, applications

AKATI Sekurity Wins 2024 APAC Strategy Award

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  Frost & Sullivan recently conducted an analysis of the Global digital forensics services market and, based on their findings, they have awarded AKATI Sekurity with the prestigious 2024 Asia-Pacific Competitive Strategy Leadership Award. AKATI Sekurity is a renowned Managed Security Service Provider (MSSP) that specializes in offering threat intelligence and computer forensics services to a wide range of clients in various industries such as finance, healthcare, retail, industrial, IT, government, telecommunications, and transportation. AKATI Sekurity has made a significant impact in the large enterprise segment by providing comprehensive digital forensics services and continuously enhancing its extensive portfolio. This strategic approach has fueled the company's rapid growth and solidified its reputation as a leader in the industry. AKATI Sekurity's outstanding reputation is further supported by its achievements, including being ranked 15th in the MSSP Alert's Top 25

Telehealth with Rokid Glass 2 Wins HHS Award

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  Rokid's AR technology is making big strides in the medical field. By using the Rokid Glass 2 AR glasses, a Partner Company has created a remote diagnostic and therapeutic system for nephrologists. This system recently won an award from the US Department of Health and Human Services for its potential to transform kidney disease management. The award, given in collaboration with the American Society of Nephrology, highlights the progress made in preventing, diagnosing, and treating kidney diseases. The Telehealth System, powered by Rokid Glass 2, was recognized for its innovative telehealth and telemonitoring API software that helps manage kidney diseases. It allows for secure, real-time communication between the wearer of the smart glasses and the kidney care provider. This system supports home dialysis therapy monitoring, training, troubleshooting, and remote telehealth consultations in COVID-19 dialysis clinics. The key to these advancements is the sleek and lightweight Rokid Gl

PureSoftware Wins Best BaaS Award at Summit

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  PureSoftware is thrilled to announce that it has received the prestigious 'Best Banking-as-a-Service Platform of the Year' award at the renowned 14th Africa Bank 4.0 Summit 2024 organized by BII. This award is a testament to PureSoftware's exceptional contribution to the financial industry through its state-of-the-art digital banking platform, Arttha. Arttha, developed by PureSoftware, is a comprehensive Banking-as-a-Service platform that empowers businesses to explore new revenue streams with its cloud-native modules. These modules include Digital Core Banking, Digital Payments, e-Wallet, Digital Loan lifecycle management, Agency Banking, and Buy Now Pay Later (BNPL). The innovative no-code approach employed in Arttha allows global banking customers to create more user-friendly and intuitive banking experiences. Manish Sharma, the Chief Executive Officer of PureSoftware, expressed his gratitude and excitement about the award. He stated, "As financial institutions ge

Hakkoda Wins Snowflake Healthcare Partner 2024

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  Hakkoda, a leading cloud data engineering consultancy specializing in Snowflake, proudly announced its recognition as the 2024 Snowflake Healthcare and Life Sciences Data Cloud Services Partner of the Year award winner at Snowflake's annual user conference, Snowflake Data Cloud Summit 2024. The award highlights Hakkoda's commitment to assisting joint customers in building compliant data infrastructures that enhance operations, patient experiences, and financial performance within the Snowflake AI Data Cloud ecosystem. By leveraging its expertise in healthcare and life sciences, Hakkoda enables organizations to harness the full potential of Snowflake's platform, driving innovation through outcome-driven AI-powered analytics, MLOps, and automation. CEO Erik Duffield expressed gratitude for the award, emphasizing Hakkoda's dedication to modernizing data stacks and improving patient lives through strategic partnerships with innovative companies like Snowflake. More Inform

DJI Completes Drone Delivery Tests on Everest

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  DJI collaborated with Airlift, 8KRAW, and Mingma Gyalje Sherpa to conduct the world's first successful delivery drone trials on Mount Everest. The trials, completed in April, showcased the capabilities of DJI FlyCart 30 in extreme altitude and environmental conditions. The drone successfully transported 15kg payloads, including oxygen bottles and supplies, from Everest Base Camp to Camp 1. This milestone in aviation has the potential to revolutionize Everest mountaineering logistics and enhance safety for all involved. More Information  :   https://www.techdogs.com/tech-news/pr-newswire/dji-completes-worlds-first-drone-delivery-tests-on-mount-everest

Carv Secures $10M to Enhance Recruiter-AI Synergy

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  Recruitment AI company Carv just announced that it has secured $10M in seed funding. This comes after the successful launch of its recruitment platform in March and the impressive progress the company has made since then. Among the investors are Global Founders Capital and a group of independent angel investors who have previously supported successful companies like Slack, Miro, and Revolut. With this funding, Carv aims to accelerate its growth and expand the capabilities of its platform to cover various aspects of the recruitment process. Carv's platform tackles one of the biggest challenges in talent acquisition today: the overwhelming amount of administrative work involved in recruitment. According to industry data, recruiters spend anywhere between 20% to 40% of their time on administrative tasks, which hinders their ability to focus on what truly matters – the candidates. With Carv, recruiters can now delegate these time-consuming admin tasks to a personalized AI, allowing t

83% Rank Innovation High, Only 3% Ready

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  Version 1: Companies are placing a greater emphasis on innovation than ever before, yet they are ill-prepared to turn their aspirations into reality. According to a recent report by Boston Consulting Group (BCG), a staggering 83% of senior executives now consider innovation to be one of their organization's top three priorities. However, the report reveals that only 3% of companies in 2024 can be classified as "innovation ready," a significant decline from the 20% reported in 2022. BCG's 18th annual innovation study, titled "Innovation Systems Need a Reboot," evaluated companies' innovation maturity using a 100-point scale and surveyed over 1,000 senior innovation executives worldwide. Among the surveyed executives, less than half (48%) believed that their organizations made some effort to align their business and innovation strategies, and only 12% reported strong connections between the two that resulted in tangible impact. Despite this, the level of