Tag: firm

  • Elon Musk denies report claiming his AI firm secured $500 million funding

    Tech billionaire Elon Musk has denied the report claiming that his artificial intelligence (AI) company ‘xAI‘ secured $500 million in funding toward a $1 billion goal. A report by Bloomberg, citing sources, stated that xAI was in talks with investors for an additional $500 million in funding. Elevate Your Tech Prowess with High-Value Skill Courses…

  • Cognizant to buy advisory firm Thirdera to focus on workflow solutions

    Software services provider Cognizant has agreed to acquire two-year-old Thirdera, a global pure-play advisory firm, as part of its focus on emerging enterprise workflow products.US-headquartered Cognizant plans to absorb 940 people from Thirdera into its ServiceNow business group, its channel partner which has a team of 1,500 people. The ServiceNow business group will be run…

  • Flying taxi firm Lilium receives EU approval for its electric jets

    German company Lilium produces flying electric passenger drones. Lilium Lilium, a German air taxi firm, has received regulatory approval to design and operate its electric vertical takeoff and landing vehicles, the company said Monday. Lilium was awarded “Design Organization Approval” by the European Union Aviation Safety Agency, a special condition license that grants the company…