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Hippocratic AI Reaches $1.64 Billion Valuation Following Successful Series B Funding Round

Following a recent Series B fundraising round headed by Kleiner Perkins, which has backed businesses like Google and Amazon, Hippocratic AI has reache

Following a recent Series B fundraising round headed by Kleiner Perkins, which has backed businesses like Google and Amazon, Hippocratic AI has reached a valuation of $1.64 billion. With $141 million raised, the company has $278 million in total capital. This round also included participation from current investors, such as A16z, General Catalyst, and NVIDIA. Technologyfocused startups like Hippocratic AI have benefited from the surge in artificial intelligence investments, especially since the launch of OpenAIs ChatGPT in 2022. The company, cofounded by CEO Munjal Shah and a group of medical professionals and AI researchers from Stanford, Johns Hopkins, and El Camino Health, aims to use AI to improve healthcare delivery. Read More..

B2B Tech News | 2 months ago        

Nigeria and China Strengthen Ties in Clean Energy, Defense, and Finance with Panda Bond Support

With China agreeing to back Nigerias issuing Panda bonds for infrastructure funding, the two countries are poised to expand their collaboration in cle

With China agreeing to back Nigerias issuing Panda bonds for infrastructure funding, the two countries are poised to expand their collaboration in clean energy, defence, and finance. At a press conference, Chinese Foreign Minister Wang Yi and Nigerian Foreign Minister Yusuf Tuggar made this declaration. Wangs trip to Nigeria is a component of a fournation tour designed to increase Chinas clout in Africa. After highlevel talks and exchanges, the two nations recently upgraded their relationship to a "comprehensive strategic partnership." Wang added that China would be open to extending a currency swap arrangement with Nigeria. Regarding security matters, he reiterated Chinas backing for Nigeria in advancing regional harmony and stability via development projects. Read More..

B2B Tech News | 2 months ago        

MANTRA Partners with DAMAC Group to Tokenize $1 Billion in RealWorld Assets in the Middle East

To tokenise at least $1 billion worth of assets in the Middle East, MANTRA, a blockchain platform specialising in realworld assets RWAs, has teamed up

To tokenise at least $1 billion worth of assets in the Middle East, MANTRA, a blockchain platform specialising in realworld assets RWAs, has teamed up with Dubais DAMAC Group. This partnership allows RWA ownership rights to be transformed into blockchainbased digital tokens, facilitating online ownership and trading. One of Dubais most prominent developers, DAMAC, invests significantly in data centres worldwide. The business will list its Middle Eastern assets early this year on the MANTRA chain. In the past, MANTRA and MAG Property Development collaborated to tokenise $500 million worth of real estate assets, beginning with a Dubai residential property. This project supports the UAEs goal of becoming a global centre for cryptocurrencies and digital assets. Read More..

B2B Tech News | 2 months ago        

Bank of America Set to Boost Investment Bankers’ Bonus Pool by 10% for Previous Year

Sources familiar with the situation have stated that Bank of America BAC.N is anticipated to raise its bonus pool for investment bankers by roughly 10

Sources familiar with the situation have stated that Bank of America BAC.N is anticipated to raise its bonus pool for investment bankers by roughly 10% over the previous year. Some bankers may receive rewards in the midtohigh single digits, while top performers may earn much more, even though the average rise is 10%. Bonus payments are scheduled for February after the banks 16 January fourthquarter earnings report. Global banks are benefiting from more mergers, acquisitions, and bond and equity underwriting, which is why bonuses are rising. With $1.4 billion in fourthquarter investment banking fees, up from $958 million the previous year, Bank of America Securities entered third place internationally. Read More..

B2B Tech News | 2 months ago        

Anwar Ibrahim Unveils Plans to Position Malaysia as a Leader in Semiconductor Industry and Islamic Finance

To position Malaysia as a leader in the semiconductor sector and Islamic finance, Malaysian Prime Minister Anwar Ibrahim unveiled measures to maximise

To position Malaysia as a leader in the semiconductor sector and Islamic finance, Malaysian Prime Minister Anwar Ibrahim unveiled measures to maximise the nations advantageous location as a conduit for energy diversification and supply chains. Speaking at an economic symposium, he emphasised Malaysias remarkable economic recovery, fuelled by significant investments in AI infrastructure and renewable energy, which have drawn international investors in the face of regional political and economic unrest. Anwar stated objectives for 2025 to strengthen Malaysias position in talent, supply chain diversity, and electricity, and he voiced confidence in the countrys stable inflation, currency, and stock market performance. The government aims to invest at least 500 billion ringgit $107 billion in its semiconductor industry to strengthen its status as a worldwide hub. Read More..

B2B Tech News | 3 months ago        

Zelenskiy and Sandu Discuss Ukrainian Coal to Mitigate Energy Crisis in Transdniestria

Moldovan President Maia Sandu and Ukrainian President Volodymyr Zelenskiy have talked about using Ukrainian coal to help with the energy crisis that i

Moldovan President Maia Sandu and Ukrainian President Volodymyr Zelenskiy have talked about using Ukrainian coal to help with the energy crisis that is hurting Transdniestria, a breakaway territory of Moldova that is suffering from heating shortages and blackouts. Zelenskiy offered help, including coal supply, after Ukraine blocked the transport of Russian gas across its territory, escalating the crisis. Both leaders committed to identifying shared solutions to avoid a growing humanitarian scenario and stressed the importance of alternate energy sources. A thermal plant that supplies the governmentcontrolled regions of Moldova and Transdniestria could continue operating using Ukrainian coal. Meanwhile, both countries prioritise continuing EU membership talks despite geopolitical difficulties with Russia. Read More..

B2B Tech News | 3 months ago        

Azul Set to Sign Memorandum of Understanding for Merger with Gol’s Parent Company Abra Group

According to Valour Economico, Brazilian airline Azul is expected to sign a memorandum of understanding with Gols parent firm, Abra Group, about a pos

According to Valour Economico, Brazilian airline Azul is expected to sign a memorandum of understanding with Gols parent firm, Abra Group, about a possible merger between the two carriers in the upcoming weeks. In addition to outlining the mergers goals, the memorandum will cover topics like capital structure, governance, and several transaction structuring possibilities. Both airlines had established a codeshare arrangement in May, and Azul has been in talks with Abra Group to explore potential. The completion of Gols Chapter 11 bankruptcy procedures, anticipated to end in April, is a critical component of the merger talks. Gol and Azul have refrained from commenting on the matter. Read More..

B2B Tech News | 3 months ago        

SoftBank and Arm Holdings in Talks to Acquire Ampere Computing, Reports Indicate

SoftBank Group and Arm Holdings, its majorityowned subsidiary, is pursuing Oraclebacked semiconductor company Ampere Computing. Although the conclusio

SoftBank Group and Arm Holdings, its majorityowned subsidiary, is pursuing Oraclebacked semiconductor company Ampere Computing. Although the conclusion of the negotiations is still unknown, Ampere has been considering strategic options and has attracted Arms attention. Renee James, a former president of Intel, founded Ampere, a company specialising in energyefficient central processor chips used by Google and Oracle. Ampere has been collaborating with a financial advisor to determine takeover interest. Since its founding, Oracle has invested hundreds of millions of dollars in Ampere. Ampere and Arm have both refrained from commenting on the possible agreement. Read More..

B2B Tech News | 3 months ago        



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1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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