Investors are increasingly discussing the growing concern of a potential bubble forming within the major tech companies leading the artificial intelligence boom. The “Magnificent Seven” — Nvidia, Microsoft, Apple, Alphabet, Amazon, Meta, and Tesla — now represent nearly 45% of the Nasdaq 100 Index. According to Impax Asset Management Group’s CEO, the firm is strategically […]
Gap Inc. has entered a multi-year partnership with Google Cloud to advance its human-centered, digitally enabled technology strategy, using AI to transform retail across its flagship brands, including Old Navy, Gap, Banana Republic, and Athleta. “AI is redefining what’s possible in retail, and we’re building our future technology roadmap around it,” said Sven Gerjets, Chief […]
Sapiens International Corporation, dealing in intelligent SaaS-based software solutions, has announced a strategic partnership with Linqura, a provider of sales and underwriting intelligence solutions for the commercial insurance sector. Through this collaboration, Sapiens’ clients gain access to an advanced Underwriting Advisor designed to simplify the complexities of commercial insurance, improve risk selection, and drive profitable […]
Oracle announced that Wipro Limited, an AI-driven technology services and consulting firm, has migrated its mission-critical Oracle databases, supporting payroll and recruitment systems, to Oracle Base Database Service on Oracle Cloud Infrastructure (OCI). This migration has improved recruitment system performance by over 50% and reduced payroll processing time by 60%. Wipro utilized Oracle Interconnect for […]
Datamonk, an agentic AI-powered platform that automates medical imaging data migrations, has raised a total of €1.6 million to tackle one of healthcare IT’s toughest challenges, cleaning and transferring decades of medical imaging data. The pre-seed round was co-led by Healthy. Capital and Nina Capital, with contributions from prominent angel investors such as Jeroen Tas […]
Black Box, a provider of advanced IT solutions known for its expertise in digital infrastructure, has announced a strategic partnership with Wind River, an Aptiv company that deals in intelligent edge software. The collaboration aims to deliver next-generation intelligent edge and private cloud solutions across industries such as industrial, manufacturing, retail, financial services, automotive, and […]
Kyndryl, a provider of mission-critical enterprise technology services, has announced new capabilities enhancing its Kyndryl Agentic AI Framework to accelerate large-scale AI adoption across industries. These upgrades feature a distinctive design process and a cutting-edge engagement methodology, empowering customers to move beyond limited proof-of-concept AI initiatives and implement scalable, AI-native solutions that enhance efficiency and […]
Global data and market intelligence company Statista announced plans to expand its collaboration with Salesforce by integrating the AI agent platform Agentforce into its sales and service operations. This initiative supports Statista’s vision of becoming an Agentic Enterprise, where employees are augmented by AI, decisions are driven by trusted data, and customer interactions flow seamlessly. […]
Accenture will acquire Aidemy Inc. via a tender offer. The integration will enhance Accenture’s LearnVantage learning and reskilling service, helping clients close skill gaps in critical areas like generative AI. Aidemy’s expertise in developing and operating AI systems will also strengthen Accenture’s ability to support end-to-end AI adoption, from talent development to sustained enterprise implementation. […]
AI-driven finance automation platform Maximor has secured $9 million in seed funding, led by Foundation Capital with participation from BoldCap, Gaia Ventures, and a distinguished group of founders, CFOs, and finance leaders from companies such as Perplexity, Zuora, Zoom, Ramp, Gusto, MongoDB, and the Big four accounting firms. The funding marks a significant milestone […]
