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  • Reuters

    Amundi to get 26% stake in Victory in exchange for US business

    Amundi, Europe's largest asset manager, said on Tuesday it had agreed to sell its U.S. business to Victory Capital in exchange for a 26% stake in the U.S. company. Amundi said there was no cash payment involved in the deal. "The proposed transaction with Victory Capital is a unique opportunity to strengthen our presence in the U.S., while becoming a strategic shareholder in a reputable U.S.-based asset management firm with an excellent track record of growth," said Amundi CEO Valerie Baudson.

  • Evening Standard

    FTSE 100 Live 16 April: UK unemployment in surprise jump to 4.2%, shares to slump after US sell-off

    The FTSE 100 is set to open much lower after a sell-off in the US yesterday evening. Heavy losses on Wall Street have set the tone for a weaker session in London, with IG index braced for the FTSE 100 index to open at least 1% lower. Asia markets are also in the red following falls of about 1.8% for Tokyo’s Nikkei 225 and the Hang Seng index in Hong Kong.

  • PR Newswire

    AEWIN Brings AI Power to Everywhere from Edge to Cloud

    AEWIN Technologies Co., Ltd (doing business as AEWIN) will present all kinds of intelligent hardware at AI Expo Korea 2024 including Agile AIoT Device, Embedded AI Equipment, valued AI Appliance, Edge AI Server, and High Performance AI Servers. From real-time inference to compute-intensive AI training/retraining, AEWIN offers complete hardware solutions for required AI workloads covering from AIoT to Generative AI.

  • Investor's Business Daily

    Dow Jones Futures: Another Ugly Market Reversal; Nvidia Skids, Tesla Tumbles On 'Dark Day'

    Mideast fears and surging yields triggered another ugly market reversal. Nvidia and Microsoft fell while Tesla dived.

  • PR Newswire

    Sparrow Co., Ltd. to Showcase the Latest Supply Chain Security Solutions at Black Hat Asia 2024 and Japan IT Week Spring 2024.

    Sparrow Co., Ltd., a leading provider of application security services, will be showcasing its latest application security solutions at Black Hat Asia 2024, held at the Marina Bay Sands Hotel in Singapore on April 18th and 19th and Japan IT Week Spring 2024 in Tokyo Big Sight on April 24th to 26th. Sparrow has previously introduced its solutions at Black Hat USA and Japan IT Week, and this marks its first appearance at Black Hat Asia, reflecting the company's commitment to expanding its reach an

  • PR Newswire

    Ericsson reports first quarter results 2024

    First quarter highlights – Driving gross margin improvements and cost efficiencies

  • Evening Standard

    FTSE 100 Live 15 April: Index closes lower after approaching record, Goldman profit surprise, UK jobs in focus

    Oil prices are lower amid a calm reaction by financial markets to events in the Middle East. The FTSE 100 has slipped from record territory but Wall Street markets are pointing higher after Friday’s big sell-off. In today’s corporate developments, car dealership business Inchcape has sold its UK arm while recruitment firm Page Group has posted an update.

  • Reuters Videos

    Baidu chatbot 'Ernie' hits 200 million users

    STORY: More and more people are using Baidu's chatbot. Dubbed ‘Ernie’, its now got 200 million users. That was according to the Chinese search giant on Tuesday. Chief executive Robin Li launched the bot in March last year. It was made available to the public in August. Now the user number figures mark a doubling since the last update in December. Li says Ernie has also won some 85,000 enterprise users. Earlier this year, he said Baidu was starting to make revenue from the product. It has provided services that include helping other firms make their own AI models. But the bot faces a battle to stay ahead of local rivals. Recent data show that one made by an Alibaba-backed startup is fast catching up. Called ‘Kimi’, it’s not far behind Ernie, and growing much more quickly. Chinese AI services also remain far behind western rivals. OpenAI’s ChatGPT is by far the most popular worldwide, with close to 1.9 billion views last month.

  • Business Wire

    Neura Robotics and OMRON Forge Strategic Alliance to Revolutionize the Manufacturing Industry with Cognitive Robots

    METZINGEN, Germany & KYOTO, Japan, April 16, 2024--Neura Robotics, a global pioneer in cognitive robotics, and Omron Robotics and Safety Technologies Inc., a global leader in industrial robotics and automation, are excited to announce their strategic partnership. This partnership aims to revolutionize the manufacturing industry by introducing cognitive robots into factory automation, leveraging advanced AI capabilities to enhance efficiency, flexibility, and safety.

  • PR Newswire

    International Paper Announces Agreement to Acquire DS Smith

    International Paper (NYSE: IP, "IP") and DS Smith Plc (LSE: SMDS, "DS Smith") today announced that they have reached agreement on the terms of a recommended all-share combination (the "Combination"), creating a truly global leader in sustainable packaging solutions.