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Australian Billionaire’s WiseTech To Acquire U.S. Firm For $2.1 Billion

Australian Billionaire’s WiseTech To Acquire U.S. Firm For $2.1 Billion

Richard White, then-chief executive officer of WiseTech Global, gestures during the Morgan Stanley Australia Summit in Sydney in June 2024. Brent Lewin/Bloomberg WiseTech Global, the Australian logistics software company founded by Australian billionaire Richard White, plans to buy U.S.-based cloud computing firm E2open for $2.1 billion. The Sydney-based company signed a deal with E2open Parent…

One of Europe’s top AI researchers raised a $13M seed to crack the ‘holy grail’ of models

One of Europe’s top AI researchers raised a $13M seed to crack the ‘holy grail’ of models

From OpenAI’s 4o to Stable Diffusion, AI foundation models that create realistic images from a text prompt are now plentiful. In contrast, foundation models capable of generating full, coherent 3D online environments from a text prompt are only just emerging. Still, it’s only a question of when, not if, these models will become readily available.…