Here is Read Magazine’s Weekly Roundup of the top news from global markets. In this fast-paced world, breaking down information helps readers grasp the nuances that follow the news.
In Aerospace news this week…
Rocket Lab Completes First Hot Fire of Archimedes Engine
Rocket Lab USA, Inc, a global leader in launch services and space systems, announced it has successfully hot fired its new rocket engine Archimedes for the first time, reaching a critical technical milestone toward first launch of the Company’s new medium-lift rocket, Neutron.
In Agritech news this week…
U.S. Sugar Upgrades to SAP S/4HANA Cloud with RISE
U.S. Sugar, a leading producer of refined cane sugar and market-fresh vegetables, announced the launch of an upgrade to the SAP S/4HANA Cloud Private Edition with the RISE with SAP solution. This transition marks a significant milestone in U.S. Sugar’s long-standing partnership with SAP, enhancing the company’s business efficiency, precision agriculture capabilities, and sustainability efforts.
In Automotive news this week…
Autel Teams Up with Emobi to Boost EV Charging
Autel, the top provider of EV charging solutions, and Emobi, a leader in EV charging ecosystems, have strengthened their partnership to further accelerate Plug & Charge implementation in North America since their roaming collaboration began in August 2023. This continuous joint effort aims to enhance the EV charging experience by offering electric vehicle owners unmatched practicality, convenience, and simplicity in their charging process.
In BFSI news this week…
DocuPhase Appoints Leslie Leaf as New COO
DocuPhase is pleased to announce that Leslie Leaf will join the C-suite as the new Chief Operations Officer. More recently, Ms. Leaf was the Chief Customer Officer at Revel Systems, an industry-leading cloud-based POS system.
In Biotech this week…
Amy McCarthy DNP Joins Hippocratic AI as its Chief Nursing Officer
Hippocratic AI, the company building the first safety-focused Large Language Model (LLM) for healthcare, announced that Amy K. McCarthy, DNP, RNC-MNN, NE-BC, CENP is joining the company as its inaugural Chief Nursing Officer (CNO). McCarthy champions transformational leadership, aiming to foster innovative and health-centered environments for nurses. Her decade-long experience involves collaborating with state and national leaders in nursing, improving outcomes for the public and the nurses she serves with at the bedside and in leadership.
In Chemicals news this week…
SNF to Acquire PfP Industries and Ace Fluid Solutions
SNF, the global leader in water-soluble polymers, has taken a significant and strategic step forward by signing agreements to acquire PfP Industries and Ace Fluid Solutions. The target closing dates are imminent. These strategic acquisitions reinforce SNF’s commitment to delivering best-in-class solutions and underscores SNF’s dedication to driving long-term value for our upstream oil and gas customers.
In Defence Technology news this week…
Palantir & Microsoft Enhance AI for Classified Networks
Palantir Technologies Inc. and Microsoft Corporation announce a significant advancement in their partnership to bring some of the most sophisticated and secure cloud, AI, and analytics capabilities to the U.S. Defense and Intelligence Community. This is a first-of-its-kind, integrated suite of technology that will allow critical national security missions to operationalize Microsoft’s best-in-class Large Language Models (LLMs) via Azure OpenAI (AOAI) Service within Palantir’s AI Platform (AIP) in Microsoft’s government and classified cloud environments.
In Energy, Power and Sustainability news this week…
3Degrees Launches Solution for Scope 3 Emissions in Agriculture
3Degrees, a leading global climate solutions provider and certified B Corporation, announced the launch of its Supply Chain Emission Reduction Agreement product. This innovative approach empowers suppliers to deliver products with reduced emissions intensity, helping organizations hit their scope 3 goals. This solution is initially available for organizations in the food and apparel industry with North American agricultural supply chains.
In Food & Beverage this week…
Palantir and Wendy’s QSCC Collaborate on AI-Driven Supply Chain
Palantir Technologies Inc, a leading provider of AI systems, and Wendy’s Quality Supply Chain Co-op (QSCC) announced they have partnered to accelerate digital transformation, AI adoption and operational decision making across the Co-op.
In Healthcare this week…
League Featured in Gartner Healthcare Payers Hype Cycle 2024
League announced its recognition for the second consecutive year as a Sample Vendor in the Gartner Hype Cycle™ for U.S. Healthcare Payers, 2024. According to Gartner, “This Hype Cycle provides critical input for strategic planning by tracking the maturity level and adoption rate of payer technologies and deployment approaches. U.S. healthcare payer CIOs should use this to plan new and manage existing investments for business optimization and transformation.”
In Information Technology this week…
Anjuna Secures $25M to Expand Confidential Computing for AI
Anjuna, creator of Anjuna Seaglass, the Universal Confidential Computing Platform, announced that it has closed a $25 million Series B2 financing round to propel and expand its AI-enabling enterprise offerings. The round was led by M Ventures, the corporate VC of Merck KGaA, Darmstadt, Germany, SineWave Ventures, and AI Capital Partners (Alpha Intelligence Capital’s U.S.-based fund), with participation from existing investors Founder Collective, Insight Partners, Playground Global, and Uncorrelated. Additionally, M Ventures’ Ilja Aizenberg and SineWave’s Patricia Muoio are joining the company’s board of directors.
In IoT this week…
Winbond Launches 1Gb QspiNAND for Wearables and IoT Devices
Winbond Electronics Corporation, a leading global supplier of semiconductor solutions, has unveiled the W25N01KW, a 1Gb 1.8V QspiNAND flash. This new NAND solution is designed to meet the increasing demands of wearable and battery-operated IoT devices with low standby power, small-form-factor package, and continuous read for fast boot and instant-on support.
In Logistics and Supply Chain this week…
Ndustrial Wins DOE Grant to Boost AI for Industry with Key Partners
Ndustrial has received a Phase 1 grant from the U.S. Department of Energy to enhance AI systems to maximize grid flexibility and reduce energy costs while ensuring food quality. Under the terms of the grant, Ndustrial will partner with Lineage, ABB and NREL to develop an AI-based thermal algorithm to help energy-intensive food storage providers in the cold chain reduce costs while maintaining food safety. The team estimates this will ultimately unlock a $1.2 trillion energy cost savings opportunity.
In Materials this week…
Miru Secures $20M in Series A Funding
Miru Smart Technologies (“Miru”), a developer of next generation electrochromic windows (eWindows), announced the closing of $20M USD in Series A financing. The Series A was co-led by the Business Development Bank of Canada’s investment arm, BDC Capital, and Angelo Paletta of TNG Capital Corp., with follow-on investments by Greensoil Proptech Ventures. Vivian Kan and Kieron Hayes joined Miru’s Board of Directors effective April 2024.
In Madical devices this week…
Beltone Debuts Auracast™ Mic and New Serene™ Aids
Beltone, one of America’s top rated hearing care providers, will be launching the first-ever Auracast™ broadcast audio portable microphone with the new Beltone Multi-Mic+ along with additional Auracast-ready Beltone Serene™ hearing aid styles on August 22, 2024. Designed to work seamlessly with Beltone Serene hearing aids, the Multi-Mic+ will help individuals with hearing loss navigate noisy environments by amplifying the voices of one or multiple speakers while still allowing them to hear other sounds around them.
In Retail this week…
Tredence Named Leader in 2024 ISG Retail Analytics Services Assessment
Tredence, the global data science and AI solutions company, has been recognized as a ‘Leader’ in the Information Services Group’s (ISG) Provider Lens Analytics Services 2024 report for Retail Analytics Services.
ISG, a prominent global technology research and advisory firm, serves as a trusted business partner to over 900 clients, including 75 of the world’s top 100 enterprises.
In Semiconductor & Electronics this week…
Knowles Boosts Device Lifespan with New Arc Suppressor/Snubber Network
Knowles Corporation, a market leader and global provider of advanced micro-acoustic microphones and speakers, audio solutions, and high-performance capacitors and RF products, announced the QAS Series, a new line of RC-type Arc Suppressor/Snubber components that extend the operating life of electronic and electro-mechanical devices.
Article of the Week
5 Use Cases of Edge AI Chips in 2024
