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 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 morePete Buttigieg has a few things to say on his way out
Secretary of Transportation Pete Buttigieg at the Department of Transportation offices in Washington, DC. | Photo by Cheriss May for The Verge The outgoing transportation secretary on EVs, robotaxis, Trump, Musk, and the work still left to do. The outlook for electric vehicles is looking really shaky. Sales are up
Read moreFloat Financial, which aims to be the Brex of Canada, lands US$48.5M Series B
Float Financial, an expense management and corporate card startup focused on the Canadian market, has raised $48.5 million in a Series B funding round. The Toronto-based fintech likens itself to U.S.-based fintech giants Brex and Ramp but says it is different in that its sole focus is on Canadian SMBs,
Read morePredictions on Culture, Gen AI, and Innovation That I Hope Are Wrong
Isaac Sacolick highlights concerns about DEI practices, hybrid work's potential decline, AI overinvestment, and underinvestment in employee leadership development and training. He stresses the importance of leadership development for organizational success, warning against possible setbacks if companies fail to prioritize these areas.
Read moreA breach of a data broker’s trove of location data threatens the privacy of millions
The company confirmed the breach after a hacker posted millions of location data records online. © 2024 TechCrunch. All rights reserved. For personal use only.
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