Norfund invests USD 30Mln convertible loan in SeABank
Norfund, the Norwegian Investment Fund for Developing Countries, has decided to invest US$30 million to Southeast Asia Commercial Joint Stock Bank (SeABank, stock code: SSB) in form of a convertible loan. The loan can be converted into common shares of SeABank within 4-year term, aiming at providing additional capital to support retail banking customers, small and medium enterprises […]
Thales and CEA join forces on trusted Gen-AI for defence and security
To create trusted generative AI solutions, Thales’s cortAIx Lab, the most powerful integrated laboratory for critical AI in Europe, and the CEA, which is one of the world’s most innovative research organisations and is listed alongside Thales in the Clarivate Analytics Top 100 Global Innovators,1 have joined forces to focus on a range of generative AI […]
Northern Trust Asset Management appoints Naoto Komoro to lead its Japan’s Office
Northern Trust Asset Management (NTAM), a leading global investment management firm with $1.2 trillion in assets under management as of March 31, 2024, today announces it has appointed Naoto Komoro to lead its asset management business in Japan. Komoro will also continue in his current role as Head of Institutional Client Group, Japan and becomes Representative Director […]
LG and ChargePoint form alliance to innovate EV charging
ChargePoint , a leading provider of networked charging solutions for electric vehicles (EVs), and global innovator LG Electronics(LG) have formed a strategic partnership to leverage their respective strengths for future innovations in EV charging. The first output of this relationship will be commercial charging solutions that encompass ChargePoint’s industry-leading charger management software and LG’s advanced EV charging […]
Ballard and Vertiv enter into a strategic technology partnership
Ballard Power Systems and Vertiv, a global provider of critical digital infrastructure and continuity solutions, have entered into a strategic technology partnership with a focus on backup power applications for data centres and critical infrastructures, scalable from 200kW to multiple MWs. Collaborating to demonstrate the technical feasibility and customer benefits of hydrogen-powered fuel cell solutions, […]
Trustwise raises USD 4Mln to tackle generative AI safety and efficiency
Trustwise, a pioneer in generative AI application performance and risk management, yesterday announced its official launch, the release of its Optimize:ai product, and $4 million in seed financing. Led by Hitachi Ventures with participation from Firestreak Ventures and Grit Ventures, this investment will enable the company to speed up the development of cost and risk […]
Syngenta and InstaDeep partner on AI-powered seed trait research
Syngenta Seeds, one of the world’s leading global agriculture technology companies, yesterday announced a collaboration with AI company, InstaDeep, to bring Syngenta’s proprietary trait research and development capabilities together with InstaDeep’s Large Language Model (LLM) platform to accelerate the development of solution-providing crop traits for farmers. InstaDeep has developed a state-of-the-art language model, AgroNT1, trained […]
Solidus Labs announces collaboration with Figment
Solidus Labs, a category-definer in crypto-native security and compliance, announced yesterday a collaboration with Figment, a leading blockchain infrastructure and staking services provider. This collaboration introduces Staking Guard, a cutting-edge risk mitigation solution explicitly tailored for institutional Ethereum Validators. Staking Guard is now available for all Figment Ethereum clients as a premium opt-in solution. Powered by the […]
Zilch closes a GBP 100Mln financing deal to support its expansion plan
Zilch, an ad-subsidized payments network (ASPN), today announces a key £100 million securitized debt financing arranged by Deutsche Bank (DB). The financing will enable Zilch to grow its business and accelerate Zilch’s ability to create and launch new products for a broader base of customers. In just under four years, Zilch has achieved remarkable growth, […]
WSPN & DigiFT join forces for digital payments & investments
WSPN, a globally recognized digital payments leader, has announced a milestone collaboration with DigiFT, the first regulated exchange for on-chain real-world assets (“RWA”), approved as a Recognised Market Operator with a Capital Markets Services license by the Monetary Authority of Singapore. This strategic partnership underscores a mutual commitment to advancing stablecoin applications and pioneering Web3 payment and investment solutions […]
