April, 2024

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Nvidia acquires AI workload management startup Run:ai for $700M, sources say

TechCrunch: M&A

Nvidia is acquiring Run:ai, a Tel Aviv-based company that makes it easier for developers and operations teams to manage and optimize their AI hardware infrastructure. Terms of the deal aren’t being disclosed publicly, but two sources close to the matter tell TechCrunch that the price tag was $700 million. CTech reported earlier this morning the […] © 2024 TechCrunch.

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Growing Clarity: FinCEN Continues to Update Beneficial Ownership Reporting FAQs

JD Supra: Mergers

On April 18, 2024, the Financial Crimes Enforcement Network (FinCEN) released further guidance regarding to Corporate Transparency Act compliance (CTA) by updating and expanding the Beneficial Ownership Information Reporting Frequently Asked Questions regarding the Beneficial Ownership Information (BOI) Reporting Rule (FAQs). Importantly, the updates provide insight on BO access by foreign governments, law enforcement and financial institutes.

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Lawsuit Puts Fresh Focus on Eric Hovde’s Comments About Older Voters

The New York Times: Banking

Pressed on his claims of 2020 election irregularities, the Republican candidate for Senate in Wisconsin has questioned the mental capacity of nursing home residents to vote.

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Execution of Definitive Agreement to Acquire up to 67% of Giraffe Energy – Expansion of Orange Basin Platform in Namibia & Creation of Community Trust

Global Newswire by Notified: M&A

TORONTO, April 24, 2024 (GLOBE NEWSWIRE) -- Sintana Energy Inc. (TSX-V: SEI, OTCQB: SEUSF) (“ Sintana ” or the “ Company ”) is pleased to announce that it has entered into a definitive agreement dated effective April 24 th , 2024 with Crown Energy (Pty) Ltd. (“ Crown Energy ”), a private Namibian company providing for the acquisition (the “ Acquisition ”) by the Company from Crown of up to 67% of the issued and outstanding shares of Giraffe Energy Investments (Pty) Ltd. (“ Giraffe ”).

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Navigating the Future: Generative AI, Application Analytics, and Data

Generative AI is upending the way product developers & end-users alike are interacting with data. Despite the potential of AI, many are left with questions about the future of product development: How will AI impact my business and contribute to its success? What can product managers and developers expect in the future with the widespread adoption of AI?

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Congress Passed a Bill That Could Ban TikTok. Now Comes the Hard Part.

The New York Times: Mergers, Acquisitions and Dive

After President Biden signs the bill to force a sale of the video app or ban it, the legislation will face court challenges, a shortage of qualified buyers and Beijing’s hostility.

Sale 132

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Yahoo is acquiring Instagram co-founders’ AI-powered news startup Artifact

TechCrunch: M&A

Yahoo is acquiring Artifact, the AI-powered news app from Instagram’s co-founders Kevin Systrom and Mike Krieger, the company announced on Tuesday. The financial terms of the deal were not disclosed. Artifact will no longer operate as a stand-alone app, and its AI-powered personalization technology will be integrated across Yahoo, including the Yahoo News app in […] © 2024 TechCrunch.

IT 340
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Enhanced Scrutiny a Virtual Certainty: Canadian Government to Closely Scrutinize Foreign Investments in Interactive Digital Media

JD Supra: Mergers

Canadian businesses involved in the interactive digital media sector, including video games and augmented reality, should be aware of the implications of the Investment Canada Act and the Canadian government’s recent policy statements on their efforts to attract investment from foreign investors. The Canadian government’s focus on combating disinformation online extends to ensuring that foreign investment in Canadian businesses will not be injurious to Canada’s national security and/or will be.

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A Strong U.S. Dollar Weighs on the World

The New York Times: Banking

Two-thirds of the roughly 150 currencies have weakened against the dollar, whose strength stems from high interest rates because of stubborn inflation.

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TDECU Signs Definitive Agreement to Acquire Sabine State Bank and Trust to Increase Commercial Banking Opportunities in Texas and Louisiana

Global Newswire by Notified: M&A

The not-for-profit credit union creates greater access for all Members, including small businesses that specialize in oil and gas, energy and agriculture. The not-for-profit credit union creates greater access for all Members, including small businesses that specialize in oil and gas, energy and agriculture.

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Predictions You Can Rely On: How Data Drives Successful Financial Forecasting

Speaker: Robbie Bhathal, Founder & CEO, and Matthew Acalin, Head of Credit Intelligence

In today's volatile financial environment, how confident are you in your company’s financial forecasting? To get the most accurate cash predictions that will lead to long-term financial survival, real-time data is critical. Innovative cash management strategies can lead to better credit opportunities, more sustainable growth, and long-term financial prosperity.

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‘Thunder Run’: Behind Lawmakers’ Secretive Push to Pass the TikTok Bill

The New York Times: Mergers, Acquisitions and Dive

A tiny group of lawmakers huddled in private about a year ago, aiming to keep the discussions away from TikTok lobbyists while bulletproofing a bill that could ban the app.

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Here are the best places in the world to do business

CNBC: Investing

"Singapore will remain the best geography in the world to do business, as it has for the past 16 years," according to the EIU's business environment ranking.

Business 130
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Lacework, last valued at $8.3B, is in talks to sell for just $150M to $300M, say sources

TechCrunch: M&A

Consolidation continues apace in the world of security. Sources tell us that Lacework — a cloud security startup that was valued at $8.3 billion post-money in its last funding round — is in talks to be acquired by another security player, Wiz, for a price of just $150-$200 million. Sources close to the negotiations said […] © 2024 TechCrunch.

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Cross-Border M&A Opportunities Favor the Prepared

JD Supra: Mergers

Cross-border mergers and acquisitions (“M&A”) unlock growth, diversification, and a stronger global stance for businesses. These strategic moves enable firms from different nations to blend resources, making way into new markets, tapping into unique technologies, enhancing products, and realizing economies of scale and scope.

M&A 301
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How Embedded Analytics Gets You to Market Faster with a SAAS Offering

Start-ups & SMBs launching products quickly must bundle dashboards, reports, & self-service analytics into apps. Customers expect rapid value from your product (time-to-value), data security, and access to advanced capabilities. Traditional Business Intelligence (BI) tools can provide valuable data analysis capabilities, but they have a barrier to entry that can stop small and midsize businesses from capitalizing on them.

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China’s First Quarter Results Show Growth Propelled by Its Factories

The New York Times: Banking

China’s big bet on manufacturing helped to counteract its housing slowdown in the first three months of the year, but other countries are worried about a flood of Chinese goods.

IT 130
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Infinite Reality Acquires the Drone Racing League for $250 Million, Solidifying Position as Global Leader in Immersive Technology & Experiences

Global Newswire by Notified: M&A

Acquisition of the Drone Racing League, the global, premier, professional sports property that merges the digital with the real, will accelerate Infinite Reality’s valuation to $3.5 billion Acquisition of the Drone Racing League, the global, premier, professional sports property that merges the digital with the real, will accelerate Infinite Reality’s valuation to $3.

Valuation 111
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Sony in Talks to Join a Bid to Buy Paramount

The New York Times: Mergers, Acquisitions and Dive

The company and Apollo Global Management are discussing a joint effort, even as Paramount conducts exclusive merger negotiations with Skydance.

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An AI-focused ETF from a hedge fund veteran is gaining attention by soaring 60% over the past year

CNBC: Investing

The Spear Alpha ETF (SPRX) is concentrated in about 26 holdings and almost everything in the portfolio is seen benefiting somehow from artificial intelligence.

Portfolio 112
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Embedding BI: Architectural Considerations and Technical Requirements

While data platforms, artificial intelligence (AI), machine learning (ML), and programming platforms have evolved to leverage big data and streaming data, the front-end user experience has not kept up. Holding onto old BI technology while everything else moves forward is holding back organizations. Traditional Business Intelligence (BI) aren’t built for modern data platforms and don’t work on modern architectures.

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IBM moves deeper into hybrid cloud management with $6.4B HashiCorp acquisition

TechCrunch: M&A

With HashiCorp, Big Blue gets a set of cloud lifecycle management and security tools, and a company that is growing considerably faster than any of IBM’s other businesses. © 2024 TechCrunch. All rights reserved. For personal use only.

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Bank of America, Goldman Sachs CEOs hang onto their board chair hats

American Banker - Investment Banking

At the banks' annual meetings, shareholders at both companies struck down proposals that would have split the board chair and CEO roles. Two other proposals also failed to win shareholder support, one concerning energy financing and another on pay gap analysis.

Bank 109
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AI Is Poised to Replace the Entry-Level Grunt Work of a Wall Street Career

The New York Times: Banking

Artificial intelligence tools can replace much of Wall Street’s entry-level white-collar work, raising tough questions about the future of finance.

Finance 144
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Wintrust Financial Corporation and Macatawa Bank Corporation Announce Plans to Merge

Global Newswire by Notified: M&A

ROSEMONT, Ill. and HOLLAND, Mich., April 15, 2024 (GLOBE NEWSWIRE) -- Wintrust Financial Corporation (“Wintrust”) (Nasdaq: WTFC) and Macatawa Bank Corporation (“Macatawa”) (Nasdaq: MCBC) today jointly announced that they have entered into a definitive merger agreement for Wintrust to acquire Macatawa in an all-stock transaction. Macatawa is the parent company of Macatawa Bank, a Michigan state-chartered bank, which is headquartered in Holland, Michigan and operates a network of 26 full-service b

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How to Leverage AI for Actionable Insights in BI, Data, and Analytics

In the rapidly-evolving world of embedded analytics and business intelligence, one important question has emerged at the forefront: How can you leverage artificial intelligence (AI) to enhance your application’s analytics capabilities? Imagine having an AI tool that answers your user’s questions with a deep understanding of the context in their business and applications, nuances of their industry, and unique challenges they face.

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Trump Set to Receive $1 Billion Extra Trump Media Shares

The New York Times: Mergers, Acquisitions and Dive

The former president is in line for a windfall after the stock price of Trump Media hit performance targets in its first few weeks of trading, raising the value of his already sizable stake.

Media 123
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Bitcoin just completed its fourth-ever 'halving,' here’s what investors need to watch now

CNBC: Investing

In the wake of the latest Bitcoin halving, there may be some speculative trading. Other key events will also be in focus.

Investors 142
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WordPress.com owner Automattic acquires multiservice messaging app Beeper for $125M

TechCrunch: M&A

The deal, which was for $125 million according to sources close to the matter, is Automattic's second acquisition of a cross-platform messaging solution. © 2024 TechCrunch. All rights reserved. For personal use only.

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Amid probes, Morgan Stanley vows not to change its wealth strategy

American Banker - Investment Banking

Morgan Stanley CEO Ted Pick downplayed the importance of government investigations into potential money laundering issues involving wealth management clients. "We've been focused on our client on-boarding and monitoring processes for a good while," he said.

IT 110
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Embedded Analytics Insights for 2024

Organizations look to embedded analytics to provide greater self-service for users, introduce AI capabilities, offer better insight into data, and provide customizable dashboards that present data in a visually pleasing, easy-to-access format. To better understand the factors behind the decision to build or buy analytics, insightsoftware partnered with Hanover Research to survey IT, software development, and analytics professionals on why they make the embedded analytics choices they do.

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Poor Nations Are Writing a New Handbook for Getting Rich

The New York Times: Banking

Economies focused on exports have lifted millions out of poverty, but epochal changes in trade, supply chains and technology are making it a lot harder.

Trading 141
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Chess Gaja checkmating distance barriers with Razorpay International Payments

Razorpay

32 pieces, 64 squares, white and black hues, weak and strong, rules and strategy- and the whole is greater than the sum of its parts. Chess has more to offer than being ‘just a game’. It draws parallels with life by teaching us about the importance of planning, strategy, resilience, self-reflection, and continuous improvement. It also drives home the point that no matter where you are in life, you still have the possibility of tasting success, like a pawn that could be promoted to a queen!

M&A 111
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Trump Media Share Price Drops Sharply

The New York Times: Mergers, Acquisitions and Dive

Funds that bet on a fall were set to profit as the parent of Truth Social came under renewed pressure after it registered new shares for a potential sale.

Media 134