TECHNOLOGY

PureSoftware has signed definitive agreements to acquire PureSoftware Technologies. The total purchase consideration comprises upfront payment of Rs 635 crore on closing and deferred payment of up to Rs 144 crore payable at the end of 2024-25. PureSoftware reported revenues of USD 43 million (about Rs 351 crore) for fiscal 2024.
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2 years ago Read more at News18

The Union textiles ministry is gearing up to launch a revamped Cotton Technology Mission aimed at improving the quality and output of India's "white gold' The project is designed to reduce dependence on imports for this crucial raw material for fibre. India imports 500,000 bales of high-quality cotton, falling short of its required 900,000 bale. The government has set an ambitious target to significantly reduce these imports by 2030.
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2 years ago Read more at Mint

L&T Technology Services reported a 7% rise in its fourth-quarter revenue on Thursday, in line with street expectations. Global carmakers and other transport manufacturers are increasingly pivoting to electric and self-driving models. However, the country's broader $254 billion information technology sector has been struggling in recent quarters.
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2 years ago Read more at Business Standard

ZeroAvia Hydrogen-electric aviation startup has opened a “Propulsion Center of Excellence” in Everett in Washington state, USA. The company said the change in approach is intended to earn back money invested in its research and development, as well as widening the impact of its emission-free technology on the clean aviation sector. Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
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2 years ago Read more at Airport Technology

Coveo (TSX:CVO) is the leading provider of AI platforms that brings AI Search and GenAI to every point-of-experience across the enterprise. It has joined the MACH Alliance, the group of independent tech companies dedicated to advocating for open, best of-breed technology ecosystems. Today, people expect a digital journey that is tailored specifically to their individual needs and seamless across multiple channels and touchpoints. This provides businesses with the ability to improve through agile development to support growth, competitiveness and meet
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2 years ago Read more at GlobeNewswire

In six out of the seven cases, the wrongfully accused individuals were Black. This is due, in part, to biases in the photo databases used to train the algorithms. California has responded with Assembly Bill 1814, authored by Phil Ting, D-San Francisco.
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2 years ago Read more at Yahoo News Canada

Mentorship has played a pivotal role in Titilope’s career, a value she champions at MTN. Through targeted recruitment initiatives, flexible work arrangements, and programs that support professional development, MTN actively fosters an environment where women can thrive in the technology sector. MTN’s commitment to inclusivity goes beyond internal policies.
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2 years ago Read more at MTN Group

Lidar’s ability to quickly and precisely map complex environments has made it essential for autonomous vehicles. For 2022, analysts estimated global automotive lidar revenues at $332 million per year. The systems could easily be exploited by malign actors to conduct any manner of malicious actions, including clandestinely mapping U.S. critical infrastructure.
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2 years ago Read more at Defense News

The most devastating impact of these disasters is the loss of human life. As public institutions and rescue workers work valiantly to save lives. There is simultaneously an effort to ease the supply chain impact. The port of Baltimore supports more than 15,000 jobs and handled more than 52 million tons of international cargo in 2023—worth about $80.8 billion, according to state of Maryland’s records.
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2 years ago Read more at SCMR

emulsifiers are added to food to help blend any oil and water, which would otherwise separate. The chemicals are often found in ultra-processed foods such as mayonnaise, ice cream, peanut butter, margarine, processed meats and bread. Over 14 years, 1,056 cases of type 2 diabetes were diagnosed within the cohort.
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2 years ago Read more at Technology Networks