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…
Unleashing Innovation with Wherobots Raster Inference
Wherobots, the Spatial Intelligence Cloud founded by the original creators of Apache Sedona, announced the general availability of Raster Inference for WherobotsAI. Raster Inference makes satellite or drone imagery analytically accessible for data developers who use SQL or Python. With flexible pay-as-you-go pricing and support for Wherobots hosted or custom computer vision models, solutions can be built from aerial imagery in hours versus weeks or months, at a fraction of the cost of starting from scratch.
In Agritech news this week…
Heliospectra Unveils Dynamic LED Solution for Precision Farming
Heliospectra AB, a global leader in smart LED lighting for controlled environments, announces the launch of its Dynamic MITRA X multi-channel LED solutions. Featuring advanced 3-channel and 4-channel configurations, the new lighting systems bring unmatched precision and customization in combination with the new Spectrum Design Tool and Dynamic Zoning, allowing growers to optimize crop growth, quality, and operational efficiency.
In Automotive news this week…
Helm.ai Unveils GenSim-2: Generative AI for Autonomous Driving
Helm.ai, a leading provider of advanced AI software for high-end ADAS, autonomous driving, and robotics automation, unveiled GenSim-2, its next-generation generative AI model for creating and modifying video data for autonomous driving. GenSim-2 introduces state-of-the-art, AI-based video editing capabilities, including dynamic weather and illumination adjustments, object appearance modifications, and consistent multi-camera support.
In BFSI news this week…
Affirm and Adyen Partner to Expand Flexible Payments
Affirm Holdings, Inc, the payment network that empowers consumers and helps merchants drive growth, announced that it has expanded its partnership with Adyen, the global financial technology platform of choice for leading businesses. The expanded partnership makes Affirm the first Buy Now, Pay Later (BNPL) provider to support Adyen for Platforms, an end-to-end payment solution for platform businesses, and brings more payment options to Adyen merchants in Canada.
In Biotech this week…
Imbed Biosciences Names Terry Bromley as CEO
Imbed Biosciences announced that Terry Bromley has joined as Chief Executive Officer. With over 30 years of experience in the medical device, regenerative medicine and wound and skin markets, Mr. Bromley will be instrumental in fostering the company’s growth and continue Imbed Biosciences’ mission to transform the future of soft tissue repair through advanced technologies focused on improving patient outcomes.
In Chemical news this week…
Ascend Develops Bio-Circular PA66 Chemicals
Ascend Performance Materials announced the successful production of acrylonitrile, hexamethylene diamine, adipic acid and nylon 6,6 from feedstocks derived from used cooking oil, expanding its Bioserve portfolio. The resulting nylon 6,6 has a 25% lower product carbon footprint than nylon 6,6 made from fossil-fuel derived feedstock.
In Defence Technology news this week…
Palantir Secures $618.9M Army Contract Expansion
Palantir Technologies Inc. announced that it has extended its long-standing partnership with the U.S. Army to deliver the Army Vantage capability in support of the “Army Data Platform” (ADP). Since 2018, the Army has leveraged Palantir’s software to transform how it uses data and artificial intelligence (AI) to more effectively perform essential missions and enable faster decision-making across the force.
In Energy, Power and Sustainability news this week…
Excelsior Energy Secures 7.5 GWh BESS Deal with LG Vertech
Excelsior Energy Capital, a leading renewable energy infrastructure investor, announced a multiyear, 7.5 GWh reservation agreement with LG Energy Solution Vertech, a global leader in energy storage system integration. Through the multiyear agreement, LG Energy Solution Vertech will provide Excelsior with a reliable supply of domestically manufactured, high-quality battery energy storage systems (BESS) to support its growing portfolio of standalone and hybrid energy storage projects across the United States.
In Food & Beverage this week…
Square & Sysco Partner to Boost Restaurant Efficiency
Square announced a new partnership with Sysco, a leading global foodservice distributor, along with a number of new features to help food and beverage sellers run their businesses with ease. With new strategic partnership, Square and Sysco bring better technology to more restaurants
In Healthcare this week…
Scipher and Atropos Unite to Advance Precision Medicine
Scipher Medicine, a leader in precision medicine for autoimmune diseases, and Atropos Health, the pioneer in translating real-world clinical data into personalized real-world evidence, announced a strategic partnership to accelerate precision medicine and expand the Immunology Multimodal Network, advancing shared decision making for patients with rheumatoid arthritis (RA).
In Information Technology this week…
3M and US Conec Partner on Beam Optical Tech for Data Centers
3M and US Conec Ltd. announced a strategic licensing agreement for 3M™ Expanded Beam Optical Interconnect technology, a solution to meet the performance and scalability needs of next-generation data centers and advanced network architectures. The collaboration combines advanced optical technology from 3M with US Conec’s expertise in high-density connectivity systems, expanded beam optics, and precision manufacturing to help deliver innovative solutions tailored to the evolving demands of modern networks.
In IoT this week…
GuRu Wireless Unveils First Modular Synchronous Wireless Power System
GuRu Wireless, the leading provider of adaptive, long-range wireless energy transfer solutions, introduces a new generation of its wireless power transfer architecture – the world’s first true modular, large scale, fully synchronous wireless power transfer system operating at 24GHz. The technology platform enables the flexibility to build a variety of systems, capable of delivering watts to kilowatts of wireless power over distances of up to several kilometers.
In Materials this week…
SkyWater Technology Chooses YES RapidCure for Fan-Out Wafer Packaging
YES ( Yield Engineering Systems, Inc. ), a leading manufacturer of process equipment for advanced semiconductor packaging, announced that SkyWater Technology has selected YES RapidCure polymer dielectric curing systems for its implementation of M-Series fan-out wafer level packaging (FOWLP) technology in partnership with Deca Technologies ‘Deca’.
In Logistics and Supply Chain this week…
ReturnGO Teams Up with Easyship to Boost Post-Purchase Solutions
ReturnGO, a leading provider of post-purchase solutions, proudly announces its strategic partnership with Easyship, solidifying Easyship’s role as ReturnGO’s preferred shipping partner. This collaboration marks a significant step forward in ReturnGO’s mission to expand its offerings to include advanced shipping solutions, revolutionizing how eCommerce merchants handle returns and logistics.
In Retail this week…
Nuqleous Unveils Space Analytics for Smarter Retail Insights
Nuqleous, a leading provider of retail analytics solutions, is excited to announce the launch of its innovative Space Analytics Module. This advanced tool leverages planogram data to generate actionable insights, enabling recommendations to optimize shelf space and maximize product visibility and sales.
In Semiconductor & Electronics this week…
Mantis Robotics Raises $5M to Advance Physical AI
Mantis Robotics, a pioneer in Physical AI for robotic automation, announced it has secured $5M in new investments led by Emerald Technology Ventures with participation from the Amazon Industrial Innovation Fund. This cash infusion will enable Mantis Robotics to scale its operations, enhance its product portfolio, and expand its presence in the rapidly growing industrial robotics market.
Article of the Week
Why Every Business Needs to Embrace AI in Inventory Management—Before It’s Too Late!
Artificial Intelligence (AI) is revolutionizing inventory management by integrating advanced technologies. This article explores what AI inventory management entails, its benefits, and how it optimizes inventory levels, improves customer satisfaction, and enables businesses to make informed decisions through accurate demand forecasting. AI-driven insights can help companies anticipate market trends.