Tag: Business

Impact Newswire brings you the latest in Business news and coverage from around the world, including tech, personal finance, companies

Microsoft
Middle East, United States

Microsoft invests $1.5 billion in Abu Dhabi’s G42 to accelerate AI development and global expansion 

April 15, 2024 | Microsoft Source ABU DHABI, UAE, April 16, 2024 – G42, the leading UAE-based artificial intelligence (AI) technology holding company, and Microsoft Corp. today announced a $1.5 billion strategic investment by Microsoft in G42. The investment will strengthen the two companies’ collaboration on bringing the latest Microsoft AI technologies and skilling initiatives to the UAE and other countries around the world. As part of this … Continue reading Microsoft invests $1.5 billion in Abu Dhabi’s G42 to accelerate AI development and global expansion 

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NEA
United States

Tony Florence and Mohamad Makhzoumi Named Co-CEOs of NEA; Scott Sandell Assumes Role of Executive Chairman & CIO

Appointments Reflect Firm’s Decades-Long Focus on Continuous Evolution, Succession Planning and Mentorship MENLO PARK, Calif. & NEW YORK – New Enterprise Associates, Inc. (NEA) announced today that longtimepartnersTony Florence and Mohamad Makhzoumi have been named Co-CEOs of the 47-year-old firm, recognizing the growing leadership roles each has played over the last decade-plus and reflecting NEA’s enduring focus on both organizational continuity and continuous evolution over … Continue reading Tony Florence and Mohamad Makhzoumi Named Co-CEOs of NEA; Scott Sandell Assumes Role of Executive Chairman & CIO

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Bain & Company
United States

$50 billion opportunity emerges for insurers worldwide from generative AI’s potential to boost revenues and take out costs

AI technology offers insurance businesses large-scale financial potential from productivity gains, optimizing sales channels and digital advice, and delivering enhanced, personalized customer experience BOSTON—April 1, 2024—Insurance businesses worldwide have a $50 billion dollar financial opportunity from generative AI to harness the technology in ways that could boost their revenues by as much as 20% and cut their costs by up to 15%, research from Bain … Continue reading $50 billion opportunity emerges for insurers worldwide from generative AI’s potential to boost revenues and take out costs

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PALM TREE
United States

Palm Tree Names Britton Woolf as Managing Director, Transaction Advisory Services

Brings National Consulting & Advisory Experience LOS ANGELES–(BUSINESS WIRE)–Palm Tree LLC (“Palm Tree”), the modern M&A advisor providing integrated investment banking and financial consulting services to middle market businesses, today announced the appointment of Britton Woolf as Managing Director leading its Transaction Advisory Services discipline. In this role, Mr. Woolf will apply his extensive financial due diligence experience to lead teams advising both private equity firms and corporate … Continue reading Palm Tree Names Britton Woolf as Managing Director, Transaction Advisory Services

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Xerox
United States

Xerox Announces New Partnership with PBS Group in Peru and Ecuador

NORWALK, Conn.–(BUSINESS WIRE)–Xerox Holdings Corporation (NASDAQ: XRX) today announced plans to continue the transformation of its operating model. Specifically, in Peru and Ecuador, the operations in these countries will transition to Productive Business Solutions Limited (PBS), the company’s long-standing partner throughout Central America, South America and the Caribbean. The transaction is expected to close in the second quarter of 2024, once authorization from the Ecuadorian competition authority is … Continue reading Xerox Announces New Partnership with PBS Group in Peru and Ecuador

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