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…
Apex and Anduril Partner to Enhance Space Capabilities
Anduril Industries is announcing a strategic partnership with Apex, a Los Angeles-based merchant supplier of productized satellite buses, to enable rapid development and delivery of space systems for the United States and partners. The agreement combines Apex’s capabilities as an innovative spacecraft bus manufacturer with Anduril’s AI-powered payloads and systems integration expertise.
In Agritech news this week…
CropX Introduces VRA Maps for Enhanced Farm Efficiency
CropX, a global leader in digital agricultural solutions, announced the launch of an enhanced variable rate application (VRA) planning capability for growers to use to improve the precision of their in-field operations. This new feature empowers users to optimize seeding, irrigation water, and fertilizer based on in-field variations, maximizing the productivity and efficiency of a field.
In Automotive news this week…
Helm.ai Unveils VidGen-2 for Realistic Driving Videos
Helm.ai, a leading provider of advanced AI software for high-end ADAS, autonomous driving, and robotics automation, announced the launch of VidGen-2, its next-generation generative AI model for producing highly realistic driving video sequences. VidGen-2 offers 2X higher resolution than its predecessor, VidGen-1, improved realism at 30 frames per second, and multi-camera support with 2X increased resolution per camera, providing automakers with a scalable and cost-effective solution for autonomous driving development and validation.
In BFSI news this week…
Alogent and DXC Technology Partner for Enhanced Deposit Automation
Alogent, a global software innovator in the banking and financial services market, and DXC Technology, a leading Fortune 500 global technology services provider, announced a strategic collaboration to streamline and automate deposit processing end to end for financial institutions. Building on successes in the UK banking market, this expanded collaboration pairs Alogent’s item processing solutions with DXC’s comprehensive back-office outsourcing services for institutions in the US and UK.
Cartherics Secures $15M+ in Oversubscribed Funding for Cell Therapy Expansion
Cartherics Pty Ltd, a biotechnology company developing immune cell therapies for the treatment of cancer and other diseases, is pleased to announce that it has successfully raised well over its target AU$15M in an oversubscribed financing round. This funding will support the clinical trial for CTH-401, the Company’s lead cell therapy for ovarian cancer, and expand its pipeline to include other diseases.
Honeywell & Chevron Partner on AI Solutions for Refining
Honeywell announced a strategic collaboration with Chevron to develop advanced artificial intelligence (AI)-Assisted solutions to help operators make decisions to enhance efficiency for refining processes and improve safety within the industrial automation space. These are among the new AI solutions Honeywell launched today to assist and help improve operator performance, optimize productivity and increase reliability as companies continue their journey to autonomous operations.
In Defence Technology news this week…
Persistent Systems Expands RoIP Compatibility with L3Harris Products
Persistent Systems, LLC, a leader in mobile ad hoc network (MANET) technology, announced the expansion of its Advanced Radio over IP (RoIP) capability with support for the L3Harris AN/PRC-163 and AN/PRC-167 radios.
Advanced RoIP on the MPU5 does not replace tactical radios but rather integrates them into the Wave Relay® tactical network empowering soldiers with access to high-powered tactical radios, without the physical burden of carrying them.
In Energy, Power and Sustainability news this week…
Vertiv Launches High-Density Lithium Battery Cabinets for HPC Data Centers
Meeting the urgent need for solutions supporting high-density computing in increasingly crowded data center facilities, Vertiv, a global provider of critical digital infrastructure and continuity solutions, introduced Vertiv™ EnergyCore battery cabinets. Factory assembled with LFP (Lithium-Iron-Phosphate) battery modules and Vertiv’s internally-powered battery management system, Vertiv EnergyCore cabinets are available globally and are qualified for use with most current and legacy three-phase Vertiv™ uninterruptible power supply (UPS) systems, including the recently launched Vertiv Trinergy™ and Vertiv™ Liebert® APM2. Vertiv EnergyCore will be featured in the Vertiv booth at the Yotta conference and trade show in Las Vegas, Nevada, Oct. 7-9.
In Food & Beverage this week…
Lavu Partners with Check for Free Payroll Solution for Restaurants
Lavu, the leading, global restaurant point of sale (POS) and payments platform, proudly announces a strategic partnership with leading embedded payroll solutions provider Check to modernize payroll for the restaurant industry. Through the partnership, Lavu and Check will deliver a fully integrated payroll solution, Lavu Payroll, which is purpose-built for local restaurants and now available to Lavu customers at no extra cost.
In Healthcare this week…
Arya Health Raises $4M Seed Funding for AI in Healthcare
Arya Health, a pioneering healthcare workforce automation platform, announced the closing of a $4 million seed funding round led by Twelve Below. The investment will fuel Arya Health’s mission to revolutionize workforce management in the healthcare industry through innovative AI and automation technologies.
In Information Technology this week…
Reltio Integrates with Microsoft Purview for Simplified Data Governance
Reltio, a leader in AI-powered data unification and management, has expanded its long-standing collaboration with Microsoft to streamline data governance and unification across the enterprise. They introduced the Reltio Integration for Microsoft Purview, which combines Reltio’s data unification and management capabilities with Microsoft Purview Data Governance’s capabilities to provide an integrated solution to easily discover, manage, and consume trusted data. Bringing these capabilities together in a prebuilt integration saves customers significant time and money by eliminating the need to develop custom integrations between these two solutions.
QAD Launches New Product Enhancements for Manufacturing Efficiency
QAD Inc., a leading provider of next-generation manufacturing and supply chain solutions in the cloud, has released the latest enhancements to its comprehensive suite of Adaptive Applications, including new releases supporting productivity improvements for manufacturing and supply chain organizations.
In Materials this week…
Element Acquires ISS Inspection Services
Element Materials Technology (Element), a global leader in testing, inspection, and certification (TIC) services for highly regulated end markets, has acquired ISS Inspection Services, a leading provider of non-destructive testing (NDT), inspection, and other special process services supporting the aerospace, space, energy and defense industries.
In Madical devices this week…
ProTom Launches Radiance 330-C: Flexible Proton Therapy Solution
ProTom International, a leading provider of compact proton therapy technology that is transforming cancer treatment, is pleased to introduce its new proton therapy system, the Radiance 330-C Proton Therapy System.
This new compact, fixed-beam room configuration is a modular and economically viable proton therapy solution, enabling healthcare providers to develop single or multiple-room capabilities within or adjacent to existing Linac vaults in radiation oncology departments.
In Retail this week…
Standard AI Unveils Shopper Insights for In-Store Marketing
Standard AI, the company empowering retailers and brands with data to understand shopper behavior and impact their bottom line, unveiled new features for its VISION Analytics Platform. The Visual Engagement Score gives retailers and brands real-time understanding and measurement of how shoppers interact with their products, in-store media, marketing and promotions. Like the “active engagement score” critical to digital marketing, the Visual Engagement Score shows direct correlation between merchandising and conversion rate–a first for physical spaces.
In Semiconductor & Electronics this week…
MacroFab Launches FabIQ to Revolutionize Electronics Manufacturing
MacroFab Inc., the operator of North America’s largest technology platform and marketplace for electronics manufacturing, has announced the launch of FabIQ, an industry-first intelligence technology that removes the guesswork and legwork associated with pricing printed circuit board assembly. This new suite of intelligent tools allows MacroFab to deliver instant, precise pricing from prototype to production while automatically solving supply chain challenges.
Article of the Week
Applications and Ethical Concerns of AI in Banking
Artificial intelligence (AI) is proving to be a game-changer for the banking industry. This technology and its applications are offering new ways to enhance operations and elevate customer experiences. When banks leverage AI, they can streamline internal processes and develop smarter, more personalized customer service work operations. Additionally, these tools help improve fraud detection or manage money and investments more effectively.