Tag: company
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Netherlands: Suspected sabotage disrupts train services
A major outage has hit parts of the Dutch railway system after objects were found placed across lines, authorities say. The company responsible for rail infrastructure says it suspects deliberate wrongdoing.
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BYD to produce trucks in Europe in bid to become “European company”
Sept 14 : Chinese electric vehicle maker BYD plans to launch its first heavy-duty truck in Europe next year and ultimately manufacture trucks locally, a senior executive said at the IAA trade fair in Hanover on Monday.”For the long term, we will produce everything we sell in Europe here locally,” said Stella
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Questions mount over what an AI ‘slowdown’ would look like
While pacing AI development might sound like a quick fix, it is far from an easy solution.
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Insider warnings over AI fall flat with some in Silicon Valley
A recent spate of stark warnings about the dangers of AI has been met with scepticism by executives and investors.
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True Fitness, True Yoga to close in Singapore; parent company cites competition, rising costs
Despite cash funding from the parent company, the Singapore operations continued to underperform, said its parent company.
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Exclusive-TPG explores $5 billion sale of healthcare software company Lyric, sources say
NEW YORK, Sept 9 : Private equity firm TPG is exploring the sale of Lyric, in a process that could value the software company which supports payments in the healthcare industry at about $5 billion, people close to the discussions said.The move comes as software dealmaking has shown signs of recovery after con
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Satellogic taps former US geospatial-intelligence chief as president
WASHINGTON, Sept 8 : The new president of Earth-observation firm Satellogic is a retired U.S. Navy vice admiral who led the Pentagon’s geospatial intelligence agency, a key hire for its defense business as it builds a satellite network that can map the entire planet on a daily basis.Frank Whitworth, who led t
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French AI company Mistral hits $24 billion valuation in funding round
PARIS, Sept 8 : France’s Mistral has raised €3 billion at a valuation of around €21 billion ($24 billion), in what the three-year-old AI company said on Tuesday was the biggest equity funding round by a privately owned European technology firm.Mistral said that the round was jointly led by existing invest
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German company successfully launches rocket to space
Bavaria-based Isar Aerospace managed to launch its Spectrum rocket into orbit, 18 months after its first attempt. This is the first such launch from European soil.
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