SpaceX has acquired xAI, a move that Elon Musk, the owner of the two companies, said will enable solar-powered, space-based artificial intelligence, in part by using designs and strategies developed around SpaceX’s existing broadband satellite systems. Musk announced the acquisition in a Monday (Feb. 2) update on the SpaceX website, noting that the deal brings...
Bed Bath & Beyond, Inc. on Monday (Feb. 2) announced it signed an agreement to acquire Tokens.com to establish a unified investment platform merging traditional real estate finance with blockchain-based tokenization. The deal aims to address fragmentation in the financial services market by creating a...
Snowflake and OpenAI have entered into a multi-year strategic partnership aimed at embedding artificial intelligence (AI) capabilities into Snowflake’s data platform, as enterprises push to move AI from experimentation into production. Under the agreement, which was announced in a Monday (Feb. 2) news release, OpenAI’s...
Perplexity signed a $750 million, three-year deal with Microsoft that will enable the artificial intelligence startup to use the tech giant’s Azure cloud service, Bloomberg reported Friday (Jan. 30). The deal will allow Perplexity to use Microsoft’s Foundry service to access AI models, according to...
Apple has acquired Q.ai, an Israeli startup focused on artificial intelligence technology for audio, the Financial Times reported on Thursday (Jan. 29), as the company prepares to report fiscal fourth-quarter results later Thursday amid growing scrutiny of its AI strategy. Apple did not disclose financial...
Scoro has acquired Envoice, saying it aims to provide companies with a comprehensive solution for managing projects, work, resources and costs. Envoice’s artificial intelligence (AI)-powered bill and expense management platform will continue to operate as a standalone product, complementing Scoro’s professional services automation software, Scoro said in...
PAR Technology aims to continue its efforts to combine previously disjointed foodservice technology solutions by acquiring identity resolution and shopper intelligence platform Bridg, a division of Cardlytics. The global foodservice technology provider agreed to acquire Bridg for $27.5 million or up to $30 million after...
Capital One plans to acquire expense management platform Brex for $5.15 billion. The companies have signed a definitive agreement, and the transaction is expected to close in the middle of the year, subject to customary closing conditions, Capital One said in a press release. Richard D. Fairbank, founder, chairman and CEO of Capital One, said in the release that the...
Business travel, payments and expense management platform Navan deepened its integration with Booking.com. “With a new, updated direct integration, our partnership further expands travelers’ access to more properties and better rates, while making it simpler for travel managers and finance departments to oversee company stays,...