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Major Airline Merger Alaska Air Group to Buy Hawaiian Holdings for $1.9 Billion

It revealed that Alaska Air Group Inc. will acquire Hawaiian Holdings Inc. for $1.9 billion, including debt. Alaska Air will make a cash payment of $1

It revealed that Alaska Air Group Inc. will acquire Hawaiian Holdings Inc. for $1.9 billion, including debt. Alaska Air will make a cash payment of $18 per share, nearly four times what Hawaiian closed on Friday. Hawaiian Airlines is going through a difficult time right now, as problems like wildfires on Maui, expensive gasoline, and jet engine recalls are harming the airlines bottom line. Antitrust authorities anticipate scrutinising the deal, mainly because other airline mergers, including JetBlues proposed acquisition of Spirit Airlines, are being contested by US regulators. Should the deal be authorised, Alaska Air would have more than 50% of the market for flights to Hawaii. Read More..

B2B Tech News | 15 hours ago        

Bitcoin Surges Past $40,000, Hits Highest Level Since April 2022

Bitcoin reached $41,522, its highest amount since April 2022, after surging beyond $40,000. Cheerful optimism surrounding prospective interest rate re

Bitcoin reached $41,522, its highest amount since April 2022, after surging beyond $40,000. Cheerful optimism surrounding prospective interest rate reductions in the U.S. and the expectation of the approval of U.S.listed bitcoin funds have been credited with the cryptocurrencys recent surge. A 50% rise since midOctober is considered a substantial departure from the 2022 bear market trend. Renewed interest in November has been partly attributed to institutional purchases. Expectations of further investor engagement in the cryptocurrency space have been stoked by the general market euphoria and rumours that the U.S. SEC wont appeal a court decision on a bitcoin ETF application. Read More..

B2B Tech News | 15 hours ago        

Uber to Join S&P 500 Recognition of Market Value and Growing Influence

Effective December 18, Uber Technologies is scheduled to become a part of the prestigious S&P 500 index of U.S. stocks. Ubers increasing importance an

Effective December 18, Uber Technologies is scheduled to become a part of the prestigious S&P 500 index of U.S. stocks. Ubers increasing importance and market worth is highlighted by its inclusion, which can attract further investors. Jabil Inc. and Builders FirstSource Inc. will also be included in the S&P 500. Institutional investors frequently show more interest in and visibility for companies that join this index. Meanwhile, the S&P 500 will no longer contain Sealed Air Corp, Alaska Air Group Inc, or SolarEdge Technologies Inc. These modifications show an ongoing assessment of the market capitalizations and relative merits of the firms operating in the everchanging stock market environment. Read More..

B2B Tech News | 15 hours ago        

Abscis AI Biologics Model Secures $247 Million Collaboration with AstraZeneca

AstraZeneca and the American AI biologics company Absci have agreed on a partnership that might be valued up to $247 million to create a generative AI

AstraZeneca and the American AI biologics company Absci have agreed on a partnership that might be valued up to $247 million to create a generative AI model for creating an antibody to combat cancer. Absci designs pharmacological candidates with artificial intelligence, maximising characteristics including target affinity, safety, and manufacturability. The partnership comprises milestone payments, royalties on product sales, an upfront fee, and funds for research and development. The precise cancer kind that is being targeted has not been made public. Sean McClain, CEO of Absci, took delight in using AI to provide cancer patients with cuttingedge therapies. When asked by the media for comments on the agreement, AstraZeneca has yet to respond. Read More..

B2B Tech News | 15 hours ago        

MacOS Faces Ransomware Surge with Turtle Wardles InDepth Analysis

Patrick Wardle, a security researcher, has examined Turtle, a brandnew macOS malware. The virus was created initially for Windows and subsequently mig

Patrick Wardle, a security researcher, has examined Turtle, a brandnew macOS malware. The virus was created initially for Windows and subsequently migrated to macOS. Twentyfour antimalware programs on VirusTotal classified Turtle as harmful despite not being a particularly complex threat. The virus loads files into memory, renames them, encrypts them using AES in CTR mode, and then replaces the original data in the files with the encrypted version. Filenames are prefixed with "TURTLERANSv0." The virus on macOS indicates that the platform is becoming a more popular target for ransomware writers. Read More..

B2B Tech News | 15 hours ago        

Ransomware and Data Theft Incident Affects 437,400 Individuals, Proliance Surgeons Reports

Proliance Surgeons, a surgical organisation located in Seattle, is notifying about 437,400 people that there was a possible ransomware and data theft

Proliance Surgeons, a surgical organisation located in Seattle, is notifying about 437,400 people that there was a possible ransomware and data theft event earlier this year that may have exposed their personal information. Some IT systems and files were encrypted during the hack, and hackers removed a few due to unauthorised access. Proliance Surgeons started alerting people and initiating an investigation right away. The practice found via a thorough forensics analysis that further files that may have contained sensitive data had been accessed by hackers. Personal data, including names, birthdates, Social Security numbers, medical details, contact information, and financial credentials, has been compromised in the security breach. Proliance Surgeons is taking action to improve its existing cybersecurity protocols. Read More..

B2B Tech News | 15 hours ago        

Challenges in EU as Lawmakers Struggle to Agree on Generative AI Regulation in AI Act

Legislators in the European Union need help reaching a consensus on how to govern generative AI, which includes ChatGPT systems, as part of the planne

Legislators in the European Union need help reaching a consensus on how to govern generative AI, which includes ChatGPT systems, as part of the planned AI Act. Foundation models—like those created by Microsoftbacked OpenAI—represent a significant obstacle in the talks. Some experts in France, Germany, and Italy support letting generative AI model developers selfregulate. In contrast, others suggest a tiered system for controlling foundation models depending on user numbers. The AI Act attempts to control artificial intelligence in the EU. This might be in jeopardy due to disagreements on these and other issues. The last negotiations are set for December 6, and should an agreement not be reached, the act could be shelved because of a deadline for European parliamentary elections next year. Read More..

B2B Tech News | 15 hours ago        

OpenAI Pushes Back Launch of Custom GPT Store to 2024

The opening of OpenAIs unique GPT shop has been postponed until early 2024, according to an internal memo seen by Reuters. At its inaugural developer

The opening of OpenAIs unique GPT shop has been postponed until early 2024, according to an internal memo seen by Reuters. At its inaugural developer conference in November, the business unveiled the store and customised GPTs, with plans to offer them later that month. According to OpenAI, the wait is necessary so that GPTs may continue to be improved based on user input. This news coincides with internal corporate restructuring, which includes CEO Sam Altmans dismissal and reappointment. Users can share and profit from their personalised GPTs through the shop, which is made to carry out realworld chores. Read More..

B2B Tech News | 15 hours ago        

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