Africa’s First Multilingual Small Language Model Gets Even Smaller - Thanks to Top African Innovators Sticky Post
Africa

Africa’s First Multilingual Small Language Model Gets Even Smaller – Thanks to Top African Innovators

Johannesburg, South Africa – 03 June, 2025 – Africa’s first multilingual Small Language Model (SLM), InkubaLM, has just achieved a 75% reduction in size, without losing performance, thanks to the brilliance of African AI talent. This milestone marks a leap forward in accessible, efficient AI for low-resource environments across the continent. The breakthrough came through the Buzuzu-Mavi Challenge, hosted by Lelapa AI in partnership with … Continue reading Africa’s First Multilingual Small Language Model Gets Even Smaller – Thanks to Top African Innovators

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GKSD’s Kamel Ghribi Reaffirms Commitment to Syria's Reconstruction during Strategic Visit Sticky Post
Europe, Middle East

GKSD’s Kamel Ghribi Reaffirms Commitment to Syria’s Reconstruction during Strategic Visit

Milan, Italy– Friday, May 2nd 2025 – Kamel Ghribi, the President of GKSD Group, has reaffirmed his company’s commitment to supporting ongoing reconstruction efforts in Syria. He stated this during a strategic visit to the Syrian capital, Damascus, earlier this week. During the visit, Mr Ghribi held high-level meetings with senior Syrian government officials, including the President H.E. Ahmed Al Sharaa, to discuss avenues for … Continue reading GKSD’s Kamel Ghribi Reaffirms Commitment to Syria’s Reconstruction during Strategic Visit

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Advent to acquire a significant minority stake in Felix Pharmaceuticals, Ireland
Asia, Europe

Advent to acquire a significant minority stake in Felix Pharmaceuticals, Ireland

Press Release – Mumbai, 9th June 2025 – Advent, a leading global private equity investor, today announced that funds managed by Advent have signed a definitive agreement to invest USD $175 million via primary and secondary for a significant minority stake in Dublin headquartered Felix Pharmaceuticals Pvt Ltd (“Felix”), a leading global Gx animal pharma player. Felix Pharma is one of the fastest growing developers and manufacturer … Continue reading Advent to acquire a significant minority stake in Felix Pharmaceuticals, Ireland

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G42 Establishes G42 Europe & UK
Europe, Untied Kingdom

G42 Establishes G42 Europe & UK

News Release – G42, the leading UAE-based artificial intelligence and advanced technology group, today announced the launch of G42 Europe & UK, a subsidiary headquartered in London. The entity will focus on delivering tailored AI solutions to Europe and UK’s private sector and partnering with governments and industry to support the build-out of critical AI infrastructure across the UK and continental Europe. G42 Europe & … Continue reading G42 Establishes G42 Europe & UK

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Qualcomm to Acquire Alphawave Semi
Europe

Qualcomm to Acquire Alphawave Semi

Highlights: Press Release – Jun 9, 2025 – LONDON – Qualcomm Incorporated (NASDAQ: QCOM) today announced that it has reached an agreement with Alphawave IP Group plc (AWE.L) (“Alphawave Semi”) regarding the terms and conditions of a recommended acquisition by Aqua Acquisition Sub LLC, an indirect wholly-owned subsidiary of Qualcomm Incorporated, for the entire issued and to be issued ordinary share capital of Alphawave Semi at … Continue reading Qualcomm to Acquire Alphawave Semi

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WSP to acquire Ricardo, a global strategic and engineering consultancy firm
Europe

WSP to acquire Ricardo, a global strategic and engineering consultancy firm

MONTREAL, June 11, 2025 (GLOBE NEWSWIRE) — WSP Global Inc. (TSX: WSP) (“WSP” or the “Corporation”), one of the world’s leading professional services firms, announces that it has reached agreements to acquire the entire issued and to be issued share capital of Ricardo plc (“Ricardo”) for 430 pence (the “Offer Price”) per share (the “Acquisition”). This Acquisition underscores WSP’s commitment to expanding its footprint in … Continue reading WSP to acquire Ricardo, a global strategic and engineering consultancy firm

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Nebius
Europe

Nebius Group announces private placement of $1 billion in aggregate principal amount of convertible notes

Amsterdam, June 2, 2025 — Nebius Group N.V. (“Nebius Group” or the “Company”; NASDAQ: NBIS), a leading AI infrastructure company, today announced that it has entered into definitive agreements for a private placement of senior unsecured convertible notes in an aggregate principal amount of $1 billion, in two tranches:  $500,000,000 aggregate principal amount of 2.00% convertible notes due 2029 (the “2029 Notes”), and $500,000,000 aggregate principal … Continue reading Nebius Group announces private placement of $1 billion in aggregate principal amount of convertible notes

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GlobalFoundries Announces $16B U.S. Investment to Reshore Essential Chip Manufacturing and Accelerate AI Growth
United States

GlobalFoundries Announces $16B U.S. Investment to Reshore Essential Chip Manufacturing and Accelerate AI Growth

Backed by leading tech giants, the investment reinforces domestic semiconductor production and U.S.-based innovation in AI-enabling and power efficient technologies MALTA, N.Y., June 4, 2025 – GlobalFoundries (Nasdaq: GFS) (GF), working with the Trump Administration and with support from leading technology companies aiming to onshore critical components of their supply chain, today announced plans to invest $16 billion to expand its semiconductor manufacturing and advanced packaging … Continue reading GlobalFoundries Announces $16B U.S. Investment to Reshore Essential Chip Manufacturing and Accelerate AI Growth

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Nscale and Lightning AI Partner to Launch Enterprise-grade AI Studio
Europe

Nscale and Lightning AI Partner to Launch Enterprise-grade AI Studio

Makes AI Easier to Build and Faster to Scale for Developers and Enterprise Teams Paris, France – June 11, 2025 – Nscale and Lightning AI today announced a strategic partnership bringing together intuitive AI development tools and scalable cloud infrastructure to launch a new enterprise-grade AI Studio designed to streamline the entire generative AI lifecycle from idea to production.‍ The Nscale Lightning AI Studio will be a unified platform that covers the … Continue reading Nscale and Lightning AI Partner to Launch Enterprise-grade AI Studio

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Bolttech closes Series Cfundraise at $147M with a $2.1B valuation
Asia

Bolttech closes Series Cfundraise at $147M with a $2.1B valuation

Bolttech closes Series Cfundraise, welcomes strategicinvestors Sumitomo Corporationand Iberis Capital With investments totalling US$147 million, bolttech closes Series C with the addition of new investors Singapore, 4 June 2025 – bolttech, the fast-growing global insurtech, today announced the addition of Sumitomo Corporation, one of Japan’s largest trading houses, and Iberis Capital, a leading private equity and venture capital manager in Portugal, as strategic investors. Their participation marks the … Continue reading Bolttech closes Series Cfundraise at $147M with a $2.1B valuation

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G42 and WWT Launch Forge42 to Accelerate “Made in the Emirates” AI Innovation
Middle East

G42 and WWT Launch Forge42 to Accelerate “Made in the Emirates” AI Innovation

News – Middle East – In a major milestone for local innovation, G42, the Abu Dhabi based global technology group, and WWT (World Wide Technology), a leading U.S.-based systems integrator and technology solutions provider, today announced the launch of Forge42, a world-class artificial intelligence (AI) acceleration company. The new initiative was officially unveiled at “Make it in the Emirates”, the UAE’s premier manufacturing event, in … Continue reading G42 and WWT Launch Forge42 to Accelerate “Made in the Emirates” AI Innovation

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