Clearwater agrees to buy investment management platform Enfusion for $1.5B
Clearwater Analytics, a company developing accounting, compliance, and risk reporting tools for asset managers, said on Monday it has entered into a definitive agreement to acquire investment management platform Enfusion for $1.5 billion. Clearwater, which says it has obtained an $800 million loan to fund the transaction, along with a
Read moreBiden administration proposes sweeping new restrictions on exporting AI chips
With a week left in office, President Joe Biden introduced a new set of guidelines and restrictions for exporting U.S.-made AI chips. On Monday the administration announced its Interim Final Rule on AI diffusion. This ruling is meant to “provide clarity to allied and partner nations about how they can
Read moreBiden admin snubs Tesla’s $100 million big-rig charging funding request — again
The Department of Transportation announced Friday another $636 million in funding that will be awarded to 49 applicants for electric vehicle charging infrastructure — and Tesla’s application for nearly $100 million to fund a big rig charging corridor was once again passed over. Tesla’s name was not among the list of
Read moreA major data broker hack may have leaked precise location info for millions
Photo by Amelia Holowaty Krales / The Verge Last week, major location data broker Gravy Analytics disclosed a data breach that may have resulted in the theft of precise location data for millions of people, reports TechCrunch. That appears to include data from popular mobile games like Candy Crush, as
Read more5 Key Trends Defining 2025 & How to Adapt for Business Growth
As we step into 2025, the technological landscape is set to undergo some of the most thrilling transformations yet. However, with these advancements come new challenges for business leaders. From runaway IT costs to the urgent need for comprehensive AI strategies that drive sustainable business impact, executives must be prepared
Read moreMukuru Launches Mobile Wallet to Expand Financial Access in Zimbabwe
Mukuru launches a mobile wallet in Zimbabwe called Mukuru Wallet as the first development since it was granted a Deposit-Taking Microfinance Institution (DTMFI) license in Zimbabwe by the Reserve Bank of Zimbabwe. Read: Zimbabwe: Mukuru awarded Deposit-Taking Microfinance Institution (DTMFI) licence Building on Mukuru’s trusted capabilities, which support more than
Read moreQuantum Leap/ Quantum Risk: How to Balance Innovation & Security in SA?
The emergence of quantum computing represents a transformative shift in technology, promising unparalleled computational power while posing significant risks, particularly cybersecurity. For South African businesses, navigating this duality—where quantum computing can be both a friend and a foe—requires a strategic approach that leverages expert third-party IT companies to mitigate risks
Read moreSonos CEO Patrick Spence is leaving following app update disaster
Some changes at Sonos. Patrick Spence, the company’s chief executive officer (pictured above), is leaving the company after eight years in the job. Tom Conrad, the co-founder of Pandora and a Sonos board member, is stepping in as interim CEO starting today. 2024 has been a complicated year for the
Read moreSaudi Arabia Unveils Its First Hydrogen-Powered Bus
In a significant step towards sustainable transportation, Saudi Arabia has launched its first hydrogen-powered bus. The bus was inaugurated in the presence of His Royal Highness Prince Saud bin Talal bin Badr bin Saud bin Abdulaziz, Governor of Al-Ahsa, and His Excellency Dr. Rameeh bin Mohammed Al-Rameeh, Deputy Minister of
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