Tag: Business
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Salesforce deepens AI automation push with $3.6 billion Fin buyout
June 15 : Salesforce on Monday said it will buy autonomous AI agent platform Fin for about $3.6 billion, bolstering its Agentforce offering as the business software provider deepens its focus on automation.The acquisition marks Salesforce’s latest bet to accelerate its AI transition amid a wider industry shif
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Wall Street stocks rise on US-Iran accord
While the US and Iran have characterised key elements of their agreement differently, the announcement has prompted a retreat in oil prices.
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SpaceX IPO raises $85.7 billion as underwriters exercise ‘greenshoe’ option
June 15 : SpaceX has raised $85.7 billion in its U.S. initial public offering after underwriters exercised the “greenshoe” option, the rocket, AI and internet company founded by Elon Musk said on Monday.Shares of SpaceX jumped 19 per cent in their Nasdaq debut on Friday, lifting the company’s market capitaliz
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AI-referred US shoppers browse longer, spend more per visit, data shows
NEW YORK, June 15 : U.S. shoppers who use large language models, including Google’s Gemini or OpenAI’s ChatGPT, for purchase recommendations are lingering more on retailers’ websites and are more likely to spend, according to May data from Adobe Analytics.Consumers who are referred to retail websites from LL
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US Supreme Court rejects Tata challenge to $168 million award in trade secrets case
WASHINGTON, June 15 : The U.S. Supreme Court turned away on Monday a bid by India-based Tata Consultancy Services to overturn a $168 million award won against it by DXC Technology for allegedly stealing trade secrets related to life-insurance software.Tata had appealed after a lower court upheld a judge’s dec
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India’s HCLTech to buy 10.5% stake in Sarvam AI, valuing startup at $1.5 billion
June 15 : India’s HCLTech said on Monday it will acquire a 10.5 per cent stake in domestic generative AI startup Sarvam AI for 14.27 billion rupees ($150.7 million) in cash, leading the firm’s Series B round as a strategic investor.Sarvam was valued at $1.5 billion in the round, which raised $234 million in i
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Apple supplier Jabil, Adani partner to build AI data center infra platform in India
June 15 : Electronics manufacturer Jabil and India’s Adani Enterprises on Monday announced a partnership to build an integrated AI and data center infrastructure manufacturing platform in the country.• The platform will serve the infrastructure needs of global hyperscalers, co-location facilities and enterp
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US businessman detained in Myanmar over alleged fraud
A former US Marine and ex-AmCham Myanmar president was detained at Yangon airport Thursday after the chamber uncovered $300,000 in allegedly unauthorised payments linked to former board members.
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Canada’s Nuvei to buy Payoneer for $2.75 billion in cross-border payments push
June 15 : Nuvei will buy cross-border payments firm Payoneer for about $2.75 billion in cash, the companies said on Monday, as the Canadian fintech aims to expand globally.Nuvei will buy all shares of Payoneer for $7.40 apiece, a premium of about 44 per cent to their last close on June 8. Payoneer has a…
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ASX admits to misleading on CHESS software upgrade, agrees to $14.5 million penalty
June 15 : Australia’s ASX admitted to making misleading statements regarding the progress of a troubled software upgrade on Monday, while agreeing to pay a penalty of A$20.5 million ($14.50 million), subject to the Federal Court’s approval.The Australian Securities & Investments Commission (ASIC), the country
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