TREND REPORTS
Virtualitics Raises $37M for AI-driven, 3D Data Exploration
[Investing]
2023/08/15 09:07
California-based Virtualitics, a startup providing enterprises with an AI-driven platform for 3D data exploration, today announced $37 million in a series C round of funding. The company said it will use the capital to expand its footprint and add more capabilities to its offering to make it easier for users to analyze and understand complex, business-critical datasets.The round has been led by...
Bankruptcies Among Private Equity Portfolio Companies on Track for 13-Year High
[Investing]
2023/08/15 09:06
Private equity portfolio companies in the US are on course in 2023 to post the highest number of annual bankruptcy filings since 2010, as credit tightening and interest rate hikes push highly leveraged companies toward nonperforming status.In the first half of 2023, 338 US companies filed for bankruptcy protection, including 54 companies with private equity or venture capital backing, according...
Swiss Startup Aims to Create Automated Factories with Multi-purpose 3D Printing Bots
[Tech]
2023/08/15 09:05
SAEKI, a Switzerland-based startup, has announced its launch with a $2.3M seed funding round, focusing on a significant challenge in the architecture, engineering, and construction (AEC) industry—the slow and costly manufacture of large components. By utilizing 3D printing technology and industrial robots, the company aims to create fully automated plants capable of producing large-scale items...
Deepset Raises $30M to Help Enterprises Unlock The Value of LLMs
[Investing]
2023/08/15 09:04
Germany-based Deepset, a startup that helps enterprises unlock the value of large language models (LLMs) in their workflows, today announced $30 million in a fresh round of funding. The company said it will use the capital to further develop its commercial offering, deepset Cloud, with new capabilities, including optimizations for virtual private cloud (VPC) setups and a focus on the observabil...
(Infographic) Business Improvement Through Intelligent Document Processing
[Business]
2023/08/15 09:03
Are you as a business truly embracing all of the benefits of artificial intelligence? There’s more to it than generative AI prompts. Check out the world of intelligent document processing, courtesy of Lazarus.Infographic : https://bit.ly/45qZa4p[lazarus]
(PDF) Bain - Beyond Hype: Getting the Most Out of Generative AI in Healthcare Today
[Business]
2023/08/11 09:10
Generative AI applications can already help health systems improve margins, yet only 6% have a strategy ready.In the wake of their most challenging financial year since 2020, US hospitals are desperately searching for margin improvements.Generative AI can increase productivity and cost efficiency, but only 6% of health systems currently have a strategy.Leading providers and payers will start wi...
(M&A) Coach Owner to Buy Michael Kors Parent in $8.5 Billion Deal
[Investing]
2023/08/11 09:09
Capri shareholders get 65% premium after tumultuous year. Luxury giants have been snapping up smaller consumer brands.Tapestry Inc., the owner of brands including Coach and Kate Spade, agreed to acquire Michael Kors parent Capri Holdings Ltd. in an $8.5 billion deal that shows the wave of consolidation in the luxury-goods sector is far from finished.Tapestry and Capri separately built up their...
Skyline Robotics Raises $3.35M to Clean Skyscraper Windows with Robots
[Investing]
2023/08/11 09:08
Sometimes conceptualizing automation requires some stretching of the imagination. It’s not always clear why some tasks are prioritized — or how that automation might be implemented. And then there’s window cleaning. While it’s true that window-cleaning safety has come a long way since the birth of the skyscraper, it’s still a time- and labor-intensive process that’s not without its risks....
How The Cost of Living Crisis Affects Young People Around the World
[Consumer]
2023/08/11 09:07
Younger workers have been hit hard by the rising cost of living, according to a new survey. Gen Z and millennials are losing hope of owning their own homes and even starting a family. Recent research concludes we need better jobs and opportunities for all.The world is suffering a cost of living crisis as inflation has surged and disposable incomes have been squeezed. The full impact on young ad...
