News

the bridgepoint lumapps deal closes at usd 650m

  Insights Desk    May 29, 2024

Highlights: LumApps offers an intranet platform that organizations use to share information with employees. Each worker utilizing the application’s interface receives access to a personalized n...

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check point vpn vulnerability alerts proactive defense mechanism

  Insights Desk    May 29, 2024

Highlights: Researchers at Check Point have noted malicious groups using VPNs as both an entry point and a vector for attacks on organizations. Check Point VPN vulnerability alerts were alarme...

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china sets up usd 47.5 b in fund to spur its semiconductor domain

  Insights Desk    May 28, 2024

Highlights: With a 17% interest, China’s finance ministry is purportedly the biggest shareholder in the third fund, launched last week. The largest semiconductor manufacturer in China intend...

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xai corp. secures usd 6 b at usd 24 b valuation for ai expansion

  Insights Desk    May 28, 2024

Highlights: As per the sources, the company intends to construct a supercomputer utilizing 100,000 H100 graphics processing units from Nvidia Corp. to bolster its AI development initiatives. I...

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zeropoint raises usd 5.5 m to enable efficient usage of dram

  Insights Desk    May 24, 2024

Highlights: ZeroPoint refers to the Ziptilion-BW’s performance as enabled by a collection of entropy-based compression methods. The company plans to introduce more hardware acceleration prod...

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bugcrowd inc. acquires informer to broaden security services

  Insights Desk    May 24, 2024

Highlights: Informer, formerly known as The Security Bureau Ltd., was established in 2014 and provides an external ASM platform to assist businesses in identifying, tracking, and safeguarding the...

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google llc reveals umoja, a new subsea internet cable

  Insights Desk    May 24, 2024

Highlights: The cable unveiled recently will be constructed as part of a Google initiative named Africa Connect. Google’s most recent network connection consists of two segments: One underwa...

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sec approves ethereum etfs for blackrock, fidelity, and others

  Insights Desk    May 24, 2024

Highlights: While the SEC has approved the 19b-4 submissions, companies intending to list ETFs still need to submit S-1 forms. Ethereum exchange-traded funds (ETFs) are investment funds design...

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cohere aya 23 launch redefines multilingual ai boundaries

  Insights Desk    May 24, 2024

Highlights: Cohere offers a larger version of Aya with 35 billion parameters for developers with more advanced requirements. Aya 23 was trained by Cohere on a multilingual training dataset, al...

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xai corp. funding propels valuation above usd 24 billion

  Insights Desk    May 24, 2024

Highlights: According to a recent Financial Times report, the xAI Corp. funding round is anticipated to elevate its valuation to over USD 24 billion. X Premium+ subscribers can access the Grok...

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