Author: Zech
Venture capital is a global asset class, but recently North America has been accounting for an increasingly large share of total investment, primarily due to increased funding in artificial intelligence start-ups. How big is that lead? Using data from Crunchbase, we charted a recent six-month period of funding for six habitable continental regions: North America, Asia, Europe, Latin America, Africa, and Oceania, which includes Australia and New Zealand. In the first half of the year, startups in the U.S. and Canada raised $80.1 billion, more than the rest of the world combined. About 30% of that went to AI-focused startups,…
Tens of thousands of Smart Activation Key licenses ordered in first half of the year as part of Ceragon equipment purchases ROSH HAIN, Israel, July 23, 2024 /PRNewswire/ — Ceragon (NASDAQ: CRNT), a leading provider of end-to-end wireless connectivity solutions, today announced a significant milestone in its transition to a more permanent, recurring revenue model. The company is well on its way to transitioning from a hardware-centric business to one that integrates software as a service (SaaS). This evolution is part of Ceragon’s strategy to mitigate the traditional revenue volatility associated with cyclical hardware sales. A key element of this…
Elon Musk says humanoid robots will be working for Tesla by next year.The CEO made the announcement on X, which generated a lot of interest among his followers. “Tesla will be producing a small number of really useful humanoid robots for our own internal use next year, and then hopefully mass producing them for other companies in 2026,” Musk said.However, while the news has caused quite a stir online, the timeline is actually a slight delay from the previous announcement, which was made just three months ago in April.At the time, Musk said on an earnings call with investors that…
KUALA LUMPUR: Cybersecurity companies need to prioritise rolling out updates and software patches in a phased manner to prevent widespread issues like the recent global information technology (IT) outage and ensure a smoother transition. Additionally, cybersecurity companies must prepare for incidents caused by cybercriminals and their own cybersecurity vendors. LGMS Bhd chairman Fong Cheong Fook said preparation and careful implementation were key to maintaining a robust and reliable IT system. “Cybersecurity is no longer just an IT issue. It’s a business survival issue. Evaluate and implement multiple products and solutions, whether hardware or software, to spread risk.” “We will also…
Finance Minister Nirmala Sitharaman has introduced a Rs 1,000 crore venture capital fund for Indian space technology ventures as a major highlight of the Union Budget 2024-25. The fund comes as part of the government’s broader strategy to position India as a leading player in the global space industry.India’s space economy is currently worth about $8 billion, but the government aims to expand it to $44 billion by 2033.”This is in keeping with the growing importance of space technology and its potential to have a significant impact on the national and global economy. Industry players are confident that the fund…
Finance Minister Nirmala Sitharaman has introduced a Rs 1,000 crore venture capital fund for Indian space technology ventures as a major highlight of the Union Budget 2024-25. The fund comes as part of the government’s broader strategy to position India as a leading player in the global space industry.India’s space economy is currently worth about $8 billion, but the government aims to expand it to $44 billion by 2033.”This is in keeping with the growing importance of space technology and its potential to have a significant impact on the national and global economy. Industry players are confident that the fund…
The retailer, which has been struggling with declining sales, has made AI part of its growth strategy, but staff say “Help AI” is a poorly designed tool and a waste of resources. Cyrus Farivar, Forbes Staff Last month, Target officially entered the AI bubble. Like many other companies in retail, the company adopted something simple and easy to use: a ChatGPT-esque bot, but focused on employees rather than customer support. “We’re continually experimenting with new tools to make it easier for our teams to do their jobs and deliver more of what our customers love about shopping at Target,” Target…
Aligos Therapeutics (Nasdaq: ALGS), a California-based company specializing in liver and viral diseases, has announced a clinical trial collaboration with Amoytop Biotech.Founded in 2018, Aligos is focused on developing potentially first-in-class therapeutics for metabolic dysfunction-associated steatohepatitis (MASH) and viruses with high medical need, such as Hepatitis B and coronavirus.Under the agreement, XiamenTop will sponsor and conduct exploratory Phase Ib clinical trials in China, subject to approval by Chinese regulatory authorities. This article is available to registered users only. To continue reading, please sign up for free. Your free trial will give you access to one week of exclusive features, interviews,…
NEW DELHI: The government will set up a Rs 1,000-crore venture capital fund to promote space technology, Finance Minister Nirmala Sitharaman announced on Tuesday, in an announcement that was warmly welcomed by the industry. Several officials, including heads of the Indian Space Association (ISpA), Indian National Space Propulsion and Authorisation Centre (IN-SPACe) and Pixel Space, said the provisions announced in the 2024-25 budget will boost growth and development in the sector. Presenting the Union Budget in the Lower House, Sitharaman said the focus remains on expanding the space economy fivefold over the next decade and that she would set up…
Once a theoretical concept, quantum computing is now rapidly advancing and reshaping our understanding of data processing. Unlike classical computers that use quantum bits, quantum machines utilize qubits, which can exist in multiple states at once, making them significantly more efficient than classical computing systems at tackling complex problems. For the blockchain sector, the rise of quantum technology poses a major threat to the encryption systems that underpin blockchain security. Current encryption methods such as Rivest-Shamir-Adleman (RSA) and Elliptic Curve Cryptography (ECC) are widely used in networks such as Bitcoin and Ethereum. The core strength of quantum computers lies in…