Swedish-Swiss industrial giant ABB has agreed to sell its Robotics division to SoftBank Group for about $5.375 billion. This deal marks ABB's shift away from its previous plans concerning the division, signaling a major move by SoftBank into the physical AI and robotics arena.
In a region celebrated for its strong collaborative ethos and prominent tech success stories, byFounders has solidified its position as a leading early-stage venture capital fund across the Nordics and Baltics. Operating from its headquarters, the firm passionately supports innovative startups and entrepreneurs, driving growth and technological advancement in the area. byFounders is instrumental in shaping the emerging 'New Nordics' era, emphasizing AI ambitions and fostering a thriving ecosystem for the next generation of tech visionaries.
The Medical Travel Company (TMTC), a startup operating between the UK and India, has raised €3.8 million to develop and expand a full-stack medical solution. This new offering aims to provide UK patients with access to world-class, affordable treatment options.
Germany-based Resourcly, an AI-driven platform that streamlines parts data by eliminating redundancies and suggesting suitable alternatives for manufacturers, has successfully secured a €2.7 million seed funding round. The investment round was led by prominent venture capitalists, enabling Resourcly to enhance its technology and expand its market reach.
OpenAI CEO Sam Altman announced that ChatGPT now boasts over 800 million weekly active users. This milestone was revealed during OpenAI's developer day conference, where the company also unveiled a range of new products and partnerships showcasing its continued innovation.
Deep Tech Momentum (DTM) has successfully raised €1 million to fund its marketplace focused on deeptech capital and customer acquisition. This initiative aims to strengthen and scale Europe's deeptech ecosystem, supporting the continent's ambitions to become a leader in sovereign technology innovation.
TikTok introduces a new ad solution enabling advertisers to automatically promote hotels, flights, and travel destinations efficiently and at scale.
Meta is introducing new tools designed to help brands more effectively engage with cultural moments occurring across its social media platforms, enabling better audience connection and relevance.
Reddit has introduced three new features designed to support and empower content publishers on its platform, enhancing their publishing capabilities.
Carlos Abrams-Rivera, CEO of Kraft Heinz, will head one of the newly formed units, while the company is currently searching for a CEO to lead the other unit.