Private equity firm STG plans to enable the development of an artificial intelligence (AI)-native less-than-truckload (LTL) solution with its acquisition of freight management software provider Carrier Logistics Inc. (CLI). STG’s investment in CLI will accelerate product innovation by integrating agentic AI frameworks into CLI’s core architecture,...
Palo Alto Networks founder Nir Zuk has sought approval from U.S. regulators to acquire the largest stake in Irvine, California-based Liberty Bank, the Wall Street Journal reported Monday (April 13). Zuk, who retired last year and left Palo Alto Networks’ board, aims to invest in the bank to develop artificial intelligence...
Work marketplace Upwork has launched an app within OpenAI’s ChatGPT that allows businesses to describe their project needs, discover relevant talent and draft job posts. ChatGPT users can get started by connecting the Upwork app in ChatGPT and using prompts such as “@Upwork I need to find an expert to lead an AI integration...
One Inc and ManageMy have partnered to help insurance companies leverage digital payment capabilities. This collaboration brings together One Inc’s ClaimsPay and PremiumPay network, which enables insurance-native digital payments, and ManageMy’s platform for insurance carriers, which enables digital experiences across sales, service and claims, the companies said in a Thursday (April 2) press release. This...
Anthropic has acquired Coefficient Bio, an artificial intelligence (AI) BioTech startup founded last fall, for about $400 million, The Information reported Thursday (April 2), citing an unnamed source. The Coefficient Bio team, which includes fewer than 10 employees and was developing a platform that uses...
OpenAI is making an unexpected media move, buying Silicon Valley tech talk show TBPN in a deal reportedly valued in the low hundreds of millions of dollars, according to the Financial Times. The acquisition stands out because it pushes the ChatGPT maker beyond software and...
Goldman Sachs has closed its acquisition of exchange-traded fund (ETF) firm Innovator Capital Management. The $2 billion deal, announced Thursday (April 2), is designed to enhance Goldman Sachs Asset Management’s offerings in what it calls the field of defined outcome ETFs. “With this acquisition, we have taken a...
Bed Bath & Beyond is expanding its retail footprint by acquiring The Container Store. The $150 million deal was announced Thursday (April 2), with the retailer (BBBY) saying that the acquisition brings it more than 100 new locations while letting it work with a company that has “a culture...
Global investment firm Franklin Templeton plans to strengthen its digital asset capabilities by acquiring 250 Digital, a cryptocurrency investment management firm spun off from CoinFund Management. The planned acquisition would include the 250 Digital investment team and the liquid cryptocurrency strategies previously run by CoinFund,...