Established software companies have to rebuild their products around AI, not add it as one more feature, SAP’s chief AI strategy officer Sean Kask said. He spoke at Wave by Vento in Turin on Thursday. “Like the famous quip that every company is becomin…
European startups raised $25bn in the third quarter, their strongest quarter for venture funding in four years. In North America, startup funding fell 35% from the previous quarter to $92bn, Crunchbase data shows. Europe’s total was up 77% on the $14bn…
Paramount has completed its purchase of Warner Bros. Discovery and renamed the combined company Skydance. The company announced the close on Tuesday, and its shares now trade on the New York Stock Exchange as SKYD. Warner Bros. Discovery shareholders r…
BT Group has acquired TalkTalk’s consumer and wholesale businesses out of administration. They have 1.5 million retail customers and 1 million wholesale customers. BT announced the deal on Monday. It said a prolonged sale process for those operations h…
Uber has agreed to buy ezCater, a US platform for workplace catering, for $2.3bn in cash. Uber and ezCater announced the deal in a joint statement on Tuesday. The purchase brings ezCater’s catering orders to Uber Eats and to Uber for Business, Uber’s s…
SAP has agreed to buy TechWolf, a Belgian company whose AI maps the skills and daily work of a firm’s employees. The two companies announced the deal today but did not disclose its terms. The acquisition is expected to close in the fourth quarter of 20…
Grindr has agreed to buy PurposeMed, the company behind HIV prevention service Freddie, for $250mn in cash and stock, it said in a statement on Wednesday. Grindr will pay $190mn in cash and $60mn in shares. Up to $70mn more in cash depends on Freddie h…
AMD has agreed to buy World Labs, the AI model startup led by Fei-Fei Li, in an all-stock deal valued at about $8.2bn. AMD announced the deal on Monday. Li will join AMD as executive vice president and chief scientist, reporting to CEO Lisa Su. AMD exp…
Monzo is in talks about a sale to Brazil’s Nu Holdings, the owner of Nubank. A deal could value the British digital bank at between £8bn and £10bn, Mark Kleinman reported for Sky News on Saturday. The talks are at a relatively early stage, according to…
Proxy adviser Glass Lewis has combined with Clarity AI, which sells sustainability data and AI analytics. The two firms announced the deal on Thursday. The deal closed on 23 September, and no financial details were disclosed. The combined company will …