Meta launches LLaMA AI model to help researchers solve issues plaguing large language models
Key Signals in Enterprise Software
Centre Setup and Expansion Equinix plans to allocate USD 55 Mn to the construction of its second ‘Data Centre’ in Barcelona The asset will be in L’Hospitalet de Llobregat and is expected to come into operation during the first quarter of 2024. The new center works in a coordinated way with the one that is already in operation in the same locality. Read More>>Deals Verifone selects Lacework Polygraph Data Platform to help secure its Cloud Infrastructure The partnership comes as the company moves to a cloud-native DevSecOps model. The Polygraph Data Platform will completely transform the way their security team works. Read More>> Iowa Department for the Blind selects Tyler Technologies Vocational Rehabilitation solution Tyler’s Vocational Rehabilitation application is built on the Tyler Case Management Development Platform to support the case management requirements. Read More>>Layoff Dapper Labs to see another 20% layoffs of its employees Dapper Labs remains in a strong cash position with no outstanding debt. The move comes amid the rebounding of the NFT market as recently trading volume soared in an exponential manner. Read More>> Synamedia sacks 200 employees, 12% of the workforce Dozens of those being laid off are based out of the company’s Israel headquarters in Jerusalem. Read More>>Merger and Acquisition Semrush acquires leading marketing education company Traffic Think Tank to bolster Semrush Academy offering The TTT acquisition enables Semrush to expand its Academy so marketers can learn new skills and hone their craft with access to communities focused on SEO, Content Marketing, Social Media, Digital PR, and PPC, supported by industry thought leaders and founders. Read More>> WiseTech Global acquires Blume Global for USD 414 Mn Joining the WiseTech Global group means greater scale and resources to make logistics processes more productive, agile, dependable, and sustainable with innovative execution and visibility solutions. Read More>>Partnerships Flywire partners with FranConnect to provide Integrated B2B Payments solutions to the Franchise Industry The partnership is designed to provide franchisors with more efficiency and access to analytics that enable them to accelerate the payment collection process. Franchisors can track, access, settle, and reconcile payments quickly and easily using Flywire from within FranConnect. Read More>> WPP partners with BigCommerce WPP clients can use BigCommerce’s omnichannel solutions to boost sales and growth across hundreds of advertising channels and marketplaces. As BigCommerce’s first data partner, WPP will have priority access to alpha and beta products and platform integrations like Amazon, Meta, Google, and TikTok. Read More>>Executive Movements Pipedrive appoints VP of Strategy and Corporate Development Alastair Crook is responsible for developing and executing the company’s global mergers and acquisitions strategy. With over twenty years of M&A experience, a strategic mindset, and a focus on long-term value creation, they look forward to having him lead their M&A and business development operations. Read More>> Medallia appoints Adam Maine as ANZ Country Manager As Country Manager, Adam will lead the team to deepen relationships with Medallia’s large ANZ customer base across telecommunications, hospitality, retail, and financial services, among which include Telstra, Airbnb, Woolworths, and IAG. Read More>>Financial and Market Activity Marin Software announces fourth quarter and full year 2022 financial results Net revenues totaled USD 5.2 Mn, a year-over-year decrease of 12% when compared to USD 5.9 Mn in the fourth quarter of 2021. Reconciliations of GAAP to non-GAAP financial measures have been provided. Read More>>
Key Signals in Consumer Software
Product Launch Meta launches LLaMA AI model, but it isn’t a chatbot like ChatGPT It’s a machine-learning language model that will help AI researchers. Metas LLaMA is an AI language model for AI that vows to solve problems that surface while building new AI models. Read More>>Mergers and Acquisitions Flipkart in Discussions to acquihire online pharmacy Pharmallama Pharmallama will be Flipkart’s second acquisition in the epharmacy space after it acquired Kolkata-based healthtech startup SastaSundar Marketplace in November 2021. SastaSundar was renamed Flipkart Health+ following the acquisition. Bengaluru-based Pharmallama runs a mobile app that delivers medications to customers’ doorstep. Read More>> Google to acquire Croatian maths app Photomath Google has a strong track record of acquiring innovative startups and integrating their technology into its own products, so it is likely that Photomath’s technology will continue to evolve under Google’s ownership. Read More>>Layoff Twitter layoff again: Sales team suffers from Elon Musk’s aggressive strategy The social network company has fired its ad sales staff as part of its latest wave of layoffs. The number of layoffs could not be accurately estimated. The publication has recently reported at least 50 employees. Read More>> Europe’s top fashion e-tailer Zalando will lay off 5% of its staff They have decided to start a program that will remove several hundred overhead roles across many of their teams. Details of the jobs cull are still being worked out but would include senior-level positions. Read More>>Partnerships Google and Baidu launch alternatives to AI chatbot ChatGPT Google’s artificially intelligent chatbots Bard and Baidu’s Ernie Bot are combined with the search engines of both companies. With this, the tech giants are competing with Microsoft, which is integrating OpenAI’s ChatGPT into its search engine. Read More>> Hotelbeds sets up the TravelTech Lab lab with Wayra Simultaneously, Hotelbeds and Wayra have unveiled a startup challenge that is seeking entrepreneurs with business plans to connect global travel ecosystem stakeholders and create a frictionless experience for the traveler. Read More>>Executive Movement Cameo names Matty de Castro Head of New Enterprise Business Cameo is a marketplace that connects fans and brands directly with pop culture personalities, and as part of his new role at the company, de Castro will be in charge of leading Cameo’s sales team as well as securing enterprise brand and platform partnerships. Read More>>Financial and Market Activity Romanias MedLife Group net profit shrivels 60.7% in 2022 The company reported that its preliminary consolidated net profit for 2022 fell by 60.7% year-on-year to USD 9.5 Mn. Despite this decline in profit, the company’s consolidated operating income increased by 26.6% annually to USD 391 million in 2022, and its successful business lines in terms of revenues from customer contracts were clinics, hospitals, and corporate, which grew by 51.6%, 19.3%, and 7.4%, respectively. Read More>>
Latest Industry Insights from Draup Braindesk
Product Engineering Services
Design and Develop applications using C++
Develop & unit test the application
Performance of both positive and negative testing
Develop of Coding application
Develop new modules using .Net core 2.2, C#
Perform Testing for Installation and Uninstallation
Maintenance of Malware bytes for virus-related issues
Develop endpoint security products supplied by vendors such as McAfee
Infrastructure Management Services
Troubleshoot the server performance issues and provide solutions.
Monitor Database server & repository servers related to the End Point Protection Service.
Troubleshooting of internet & connectivity problems due to viruses or any other issue related to browsing.
Maintenance of Pre-Upgradation and Post-Upgradation Activities.
Reporting & Analysis
Design HANA models (Architectural design) based on the report requirements.
Develop Function Module Based Extractor by merging different Base Tables and pulling the data into BW.
Develop Business Logic and requirements gathering.
Develop new data models that could capture the telemetry data of the new McAfee homepage. Created reports to ascertain users’ interaction.
Key Funding Alert
Stripe in advanced talks to raise USD 4 Bn from investors
At a valuation of USD 55 billion, the financial services company is close to raising USD 4 billion. In early 2021, the fintech startup was valued at USD 95 billion. The latest capital raise from investors like Thrive Capital could be the largest private funding round in recent history. The funding should be finished by March, but the target number may not be reached. Stripe’s latest fundraise would cover a tax bill. Read More>>
Startup Spotlight
Company – Advanced Navigation Total Funding – USD 85.23 Mn About: Advanced Navigation is a privately owned Australian company that specializes in the development of navigation technologies and robotics. The company has a focus on generating products of the highest quality standard, both in terms of hardware and software. The company’s founders came from a background in mission-critical robotics built to military specifications, and this can be seen through Advanced Navigation’s products. Read More>>
Latest Reports Published in Draup
Digital Realty Trust, Inc. – Account Intelligence Report
Digital Realty Trust intends to implement Al in PlatformDIGITAL, which provides access to connected data communities, including 800+ enterprises, 700+ network service providers, and 600+ cloud and IT providers. Read More>>
Fujitsu Ltd. Account Intelligence Report
Fujitsu focuses on expanding medical services with AI to give health services, including disease prevention, treatment, and prognosis. Read More>>
Honeywell International Account Intelligence Report
Honeywell International intends to provide the data center suite to assist data center managers and owners in improving data security and productivity. Read More>>
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