ServiceNow, the American enterprise software company known for automating workflows such as IT service management and HR operations, is banking on an Indian banking software specialist to deepen its push into global financial services. The company has invested $40 million in BusinessNext, valuing the 24-year-old Indian company at $700 million and taking a stake of
Swedish electric and autonomous truck company Einride has agreed to acquire electric vehicle charging startup Flipturn in an all-stock deal worth $38 million. The acquisition, Einride’s first as a publicly traded company, will expand its electric vehicle charging ecosystem as it works to scale its electric truck business. The deal is expected to close this
I wish I could have gotten to that company early. With AI company valuations acting like rocket ships, it’s easy to play the “what if” game. The reality is that the process is not as simple as writing a check and watching your money multiply many times over. (Although it may seem like it). Take
India on Wednesday unveiled billions of dollars in new incentives for smartphone manufacturing and an expanded semiconductor push, seeking to build on its success in assembling Apple’s iPhones and shift more of the global electronics supply chain away from China. Called the Mobile Phone Manufacturing Scheme, the ₹625 billion (around $6.5 billion) program will run
AI models are becoming more capable, but exactly what enterprise adoption will look like remains a big unknown. In a bid to shape that future, labs like Anthropic and OpenAI have created independent companies dedicated to deploying AI engineers in their clients’ offices, a bid to help companies figure out how to use their AI
More than three years after the launch of ChatGPT brought generative AI to the mainstream, OpenAI is expanding its focus beyond individual users to families. OpenAI is hiring a dedicated product manager in San Francisco to create experiences for families, caregivers, and seniors across all of its products. The position requires experience creating products for