News from October 2023
By Business Daily | Oct 31, 2023
Microsoft and Siemens are strengthening their collaboration to introduce the benefits of generative Artificial Intelligence (AI) to global industries. The partnership involves Microsoft's Azure OpenAI Service, which powers Siemens Industrial Copilot, drastically reducing simulation times from weeks to minutes while maintaining user control over data.
By Business Daily | Oct 31, 2023
Adobe, the multinational software company famed for its creative and document management solutions, has appointed Cristiano Amon, President and CEO of Qualcomm Incorporated, to its board of directors. This appointment expands the Adobe Board to 12 members.
By Business Daily | Oct 31, 2023
Oracle has been acknowledged as a Leader in the 2023 "Magic Quadrant for Distributed Hybrid Infrastructure" by Gartner, after a thorough examination of Oracle Cloud Infrastructure (OCI) solutions.
By Business Daily | Oct 31, 2023
Coinbase, a leading cryptocurrency exchange, has solidified its position in Spain by obtaining an Anti-Money Laundering (AML) registration from the Bank of Spain. The company announced this development at the European Blockchain Convention held in Barcelona. "Our foothold in Spain comes as part of a series of developments across Europe," said Coinbase.
By David Beasley | Oct 30, 2023
In 1983, Sue Gin, a real estate developer and bakery owner in Chicago, was on a Midway Airlines flight when the stewardess delivered an unsavory breakfast that was nothing more than a half-frozen sweet roll.
By Business Daily | Oct 30, 2023
CompTIA, a nonprofit association dedicated to advancing the tech industry and workforce, is offering new technology training options to individuals and organizations. They have been added to Montana's Eligible Training Provider Lists, allowing workforce development agencies to utilize Workforce Innovation and Opportunity Act funds for CompTIA's tech workforce training programs. This initiative aims to address the perception that individuals may lack the background, experience, or skills needed for success in the tech workforce.
By Business Daily | Oct 29, 2023
Lightspeed Venture Partners has announced the addition of Aaron Frank as a Venture Partner. Frank, a former fintech operator and angel investor, brings his deep operational expertise to the prominent venture capital firm. With a focus on sustainable growth, AI-powered consumer fintech solutions, and the impending transfer of generational wealth, Frank's experience will be invaluable in identifying the next unicorns in the fintech industry.
By Business Daily | Oct 27, 2023
Bottomline, a leading provider of financial technology solutions, has announced its initiative to offer access to its B2B payment network for approved financial institutions, fintech companies, and other entities aiming to enhance payment acceptance. This move allows these organizations to connect their clients to a network encompassing over 550,000 authenticated and validated suppliers, according to a press release by Bottomline.
By Business Daily | Oct 26, 2023
A new research paper titled "Ring Attention with Blockwise Transformers for Near-Infinite Context" has proposed a solution to the memory limitations faced by AI models. The paper, co-authored by UC Berkeley PhD student Hao Liu, UC Berkeley professor Pieter Abbeel, and Databricks CTO Matei Zaharia, aims to eliminate the memory "bottleneck" that restricts the amount of input AI models can handle.
By Business Daily | Oct 25, 2023
Visa has announced the upcoming pilot launch of Visa AR Manager, a new solution aimed at streamlining virtual card acceptance for commercial merchants. The company plans to automate virtual card payments to suppliers, streamlining payment experiences for merchants, according to a press release by Visa.
By Business Daily | Oct 25, 2023
Earlier this month, surgeons at Mayo Clinic's Rochester location performed the first-ever robotic-assisted kidney transplant in the state of Minnesota. The procedure was completed by Timucin Taner, M.D., Ph.D., division chair of Transplant Surgery and Patrick Dean, M.D., according to a press release from Mayo Clinic.
By Illinois Business Daily | Oct 25, 2023
Enclave, a co-working lounge and social club, is set to open its newest location in Lake Forest, a suburb of Chicago, on November 1. This marks the eighth location for Enclave, following successful openings in Glen Ellyn, Downers Grove, Oak Park, Arlington Heights, Highland Park, Wilmette, and Naperville.
By Business Daily | Oct 25, 2023
Users of Microsoft's Edge who attempt to download an alternative browser are reportedly being met with a popup poll temporarily distracting them from proceeding to load a competing browser. According to Neowin, the options in the poll include specific reasons that a user would be switching browsers, such as difficulty searching on Google, inaccessibility to Google documents, missing favorites or passwords, too many ads and pop-ups, dislike for the news feed, slow performance, website compatibility issues with Edge, and more.
By Business Daily | Oct 25, 2023
The University of Texas Health Houston is conducting a five-year project to study the impact of sounds as triggers for trauma and explore methods to reduce the power of those triggers. Led by Dr. Mohammed Milad, a professor in the Louis A. Faillace Department of Psychiatry and Behavioral Sciences at McGovern Medical School, the project aims to enhance the capacity to regulate fear in individuals.
By Business Daily | Oct 25, 2023
Mayo Clinic recently announced a multi-year partnership with Oxford Nanopore, a developer of the new generation of nanopore-based molecular sensing technology, to develop improved testing methods for diseases like cancer and genetic disorders, according to a press release from Mayo Clinic.
By Business Daily | Oct 24, 2023
Visa's Chairman of Board of Directors, Alfred F. Kelly, Jr., has announced his retirement. According to a press release by Visa, Kelly will step down from his role as Chairman and as a member of Visa's Board of Directors on January 23, 2024. However, he will continue to serve as a Senior Advisor until February 15, 2024.
By Business Daily | Oct 24, 2023
Alfred F. Kelly, Jr., Chairman of Visa, will be stepping down from his role on January 23, 2024, according to a press release by Visa. Kelly will also retire as a member of Visa's Board of Directors, but will continue to serve as a Senior Advisor until February 15, 2024. Visa plans to name John F. Lundgren, the Lead Independent Director, as the new Chair of the Board, pending his reelection at Visa's annual meeting of stockholders.
By Business Daily | Oct 24, 2023
Robert Atkinson, President of the Information Technology & Innovation Foundation, has expressed concerns about the Biden administration's proposal to tighten export controls on semiconductors to China. Atkinson suggests that while the intention may be to limit China's progress, such actions could actually risk reducing allied semiconductor competitiveness and harm U.S. capabilities.
By Business Daily | Oct 23, 2023
Bank of America released its Q3-2023 financial results, revealing a 10% increase in net income to $7.8 billion, equating to $0.90 per diluted share, compared to $7.1 billion, or $0.81 per diluted share in Q3-22 according to the Q3-2023 Report provided by Bank of America.
By Illinois Business Daily | Oct 23, 2023
Throughout the spring and early summer months of 2023, airline catering company Flying Food Group secured multiple new contracts, expanding its airline catering services across the United States. The company, founded by Sue Gin and headquartered in Chicago, Illinois, has an operational presence in kitchens across the country.