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 Aerosapce news this week…
Wizz Air and Striim partnership will streamline mission-critical operations with real-time data pipelines
Striim, Inc. and Wizz Air have announced a partnership to accelerate the company’s digital transformation initiative that will optimize mission-critical operations and provide customers with an exceptional digital journey. Wizz Air connects destinations across 53 countries every day across a fleet of 208 aircraft. Helping over 60 million customers arrive safely at their destination at an ultra-low cost requires focus on absolute cost reduction, maximizing aircraft utilization rates, and dedication to delivering superior customer value.
In Automotive news this week…
Volvo Group and Daimler Truck intend to form a joint venture for a software-defined vehicle platform to amplify digital transformation
As two leading companies in the commercial vehicle industry, Volvo Group and Daimler Truck share the ambition to lead the digital transformation to software-defined heavy-duty commercial vehicles. To amplify their efforts, both companies have reached a preliminary agreement to establish a joint venture to develop a common software-defined vehicle platform and dedicated truck operating system, providing the basis for future software-defined commercial vehicles.
In BFSI news this week…
Scale AI Raises $1 Billion Series F to Push The Frontier of AI Data
Scale AI, the data foundry for AI, announced it has closed a $1 billion financing transaction, bringing the company to a valuation of nearly $14 billion. Existing investor Accel led the round with participation from returning investors including Y Combinator, Nat Friedman, Index Ventures, Founders Fund, Coatue, Thrive Capital, Spark Capital, NVIDIA, Tiger Global Management, Greenoaks, and Wellington Management.
In Biotech this week…
Owkin Unveils AI-Driven Oncology and Immunology Pipeline, In-Licenses Best-in-Class Asset OKN4395
Owkin, the first end-to-end TechBio unicorn that uses cutting-edge causal AI to unlock precision drug discovery, development and diagnostics, has unveiled an innovative drug pipeline in oncology and immunology following an exclusive global licensing agreement with Idorsia to develop and commercialize OKN4395, a clinic-ready best-in-class dual inhibitor of prostanoid receptors EP2 and EP4.
In Defence Technology news this week…
GM Defense and Mistral Inc. Announce Strategic Collaboration to Enhance Tactical Capability
GM Defense, a subsidiary of General Motors, and Mistral Inc., a provider of high-performance, reliable and innovative solutions to U.S. defense and federal agencies, announced the integration of the innovative UVision and Mistral’s Hero-120 loitering munition with GM Defense’s light tactical utility vehicle. Combining GM Defense’s expertise in military mobility with Mistral and UVision’s loitering munition technology enables the companies to support the tactical needs of a modernized force.
In Energy, Power and Sustainability news this week…
Digital Wildcatters and Society of Exploration Geophysicists Announce Strategic Partnership to Propel AI Innovation in the Energy Sector
Digital Wildcatters, a community for the next generation of energy professionals, and the Society of Exploration Geophysicists (SEG), a global leader in geophysical research, announced a groundbreaking partnership.Under the newly signed Memorandum of Understanding (MOU), the partnership will focus on expanding the knowledge base of Digital Wildcatters’ cutting-edge, energy-specific AI platform, Collide.
In Food & Beverage this week…
Gelson’s Markets Strengthens Partnership with Invafresh to Deliver Comprehensive End-to-End Fresh Food Retail Operations
Invafresh, the industry leading fresh grocery platform, announced that Gelson’s Markets has expanded their partnership with them to include in-store production and centralized kitchen operations. By using the AI-enhanced capabilities of the Invafresh Fresh Retail Platform, Gelson’s has been able to improve operational efficiency across their 27 full-service specialty grocery stores by reducing shrink, ensuring compliance with regulatory requirements and having a centralized repository of over 4,700 recipes, allowing for easy management from both a data and cost perspective.
In Healthcare this week…
GE HealthCare and Medis Medical Imaging Announce Collaboration Focused on Non-Invasive Coronary Assessments to Help Advance Precision Care in Treatment of Coronary Artery Disease
GE HealthCare, a leading global medical technology, pharmaceutical diagnostics and digital solutions innovator, and Medis Medical Imaging, a leading cardiac imaging software company, announced their collaboration aimed at helping advance precision care in the diagnosis and treatment of coronary artery disease (CAD). Together, the two companies will work to further the development and commercialization of Medis Quantitative Flow Ratio (Medis QFR), a non-invasive approach to the assessment of coronary physiology, as part of GE HealthCare’s interventional cardiology portfolio built around the Allia Platform.
In Information Technology this week…
Dell Introduces Comprehensive Portfolio of Copilot+ AI PCs
Dell Technologies World, There’s no doubt the AI PC revolution is here. We’re as excited now about the future of the PC as we were when Michael founded the company 40 years ago. New transformative AI experiences will bring enhanced productivity and efficiency to the hands of consumers and professionals alike. Those with an AI PC will never look back, and everyone will want to be part of the action. We’re here to lead the way.
In Logistics and Supply Chain this week…
Volvo Trucks North America and Volvo Financial Services Launch Volvo on Demand to Accelerate Battery-Electric Vehicle Adoption
Volvo Trucks North America (VTNA) and Volvo Financial Services (VFS) have joined forces to form Volvo on Demand, a collaborative initiative to change and lead the industry in the Truck-as-a-Service (TaaS) business model. Using 25 Class 8 Volvo VNR Electric trucks, Volvo on Demand was designed as an innovative solution to simplify the acquisition and reduce the major upfront investment in battery-electric vehicles.
In Internet Of Things (IOT) this week…
Terran Orbital Joins the Mobile Satellite Services Association (MSSA)
Terran Orbital Corporation, a global leader in satellite-based solutions primarily serving the aerospace and defense industries, announced its membership in the Mobile Satellite Services Association (MSSA). An industry effort to advance the development of direct-to-device (D2D) and IoT connectivity through an ecosystem of Non-Terrestrial Network (NTN) providers that are committed to seamlessly extending mobile coverage globally.
In Medical Device this week…
Clario partners with Emsere to extend ophthalmic medical imaging capabilities for clinical trials
Clario, a healthcare research and technology company that delivers leading endpoint solutions for clinical trials, is pleased to announce a strategic partnership with Emsere, a trusted medical equipment supplier for clinical trials. The collaboration provides a comprehensive, end-to-end solution that streamlines the execution of clinical trials requiring ophthalmic medical imaging and equipment.
In Retail this week…
eGrowcery and CresLane Announce New Partnership to Optimize Grocery Retail
eGrowcery, a leading provider of white-label eCommerce platforms for the retail food industry, and CresLane Retail Solutions, renowned for its comprehensive POS systems, announced a new partnership. This collaboration aims to equip supermarket retailers with advanced, shopper-centric ecommerce solutions that integrate seamlessly with in-person sales channels, enhancing the consumer shopping experience and improving operational efficiencies.
In Semiconductor & Electronics this week…
Power Integrations Launches Single-Board Plug-and-Play Gate Drivers for 1.2 kV to 2.3 kV “New Dual” IGBT Modules
Power Integrations, the leader in gate driver technology for medium- and high-voltage inverter applications, announced the launch of the SCALE-iFlex™ XLT family of dual-channel plug-and-play gate drivers for operation of single LV100 (Mitsubishi), XHP™ 2 (Infineon), HPnC (Fuji Electric) and equivalent semiconductor modules up to 2300 V blocking voltage for wind, energy storage and solar renewable energy installations.
In Smart Lighting this week…
Cree LED Recognized with Four 2024 BrightStar Awards from LEDs Magazine
Cree LED, an SGH company, announced that four of its latest product releases have been recognized with BrightStar Awards by LEDs Magazine. The XLamp® XP-G4 White LEDs, J Series® 2835 Pro9™ LEDs, J Series® 5050C E Class LEDs were recognized in the “LED Light Sources” category, and the High-Brightness LEDs (CV94A-FGC, CLMWB-FKC and UHD111A-FKA) were recognized in the “Specialty SSL System Technology” category.
Article of the Week
What is Sustainable Manufacturing? Benefits, Best Practices
Sustainability is probably one of the biggest challenges humanity faces today. This is not just restricted to the environment or textile, but also in other aspects of business as well. Sustainable manufacturing approach involves creating products while reducing negative environmental impacts associated with it. In this article, you’ll learn about this novel approach, its benefits, best practices, and more. Read on!