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Nurse-assisting robotics firm Diligent raises $30M

TechCrunch

Diligent has been leading that specific charge for some time now. Late last year, we spoke with Georgia Tech associate professor Andrea Thomaz, who co-founded the company in 2017 with Vivian Chu, to discuss precisely how profound an impact the past two years have had on the firm. And a lot of people shifting jobs.

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When AI writes the laws: UAE’s bold move forces a rethink on compliance and human touch

CIO

The United Arab Emirates has taken a bold step by becoming the first country to officially use AI to help draft, review, and update its laws. The move builds on the UAEs AI strategy launched in 2017 and its early decision to appoint the worlds first Minister of Artificial Intelligence, Omar Sultan Al Olama. billion in 2024 to $3.5

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The UAE emerges as a global leader in AI, driving innovation and future technology

CIO

The UAE made headlines by becoming the first nation to appoint a Minister of State for Artificial Intelligence in 2017. In markets such as India, Brazil, and the United Arab Emirates, AI usage exceeds the levels in so-called mature markets. In the UAE, 91% of consumers know GenAI and 34% use these technologies.

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Case in point: taking stock of the CrowdStrike outages

CIO

Ditching them isnt the answer if theyre the best product on the market. By comparison, the previous record-holder for most expensive downtime was the 2017 AWS outage, which cost customers an estimated $150 million. Thats a loss of over $30 billion or more than a third of its total market capitalization. Clancy asks.

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Forecast: 13 Companies That Could Go Public In 2025 If The IPO Market Gains Steam

Crunchbase News

Although 2024 was another exceptionally lackluster year for new public offerings, the IPO market could gain momentum in 2025 after its three-year lull. With that in mind, here are 13 companies that the Crunchbase News team thinks could be top contenders to go public if our 2025 market forecast bears out. That made sense.

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Early-stage African VC firm, Microtraction reports portfolio boom despite the weight of COVID-19

TechCrunch

In a review of the year published last week, the firm noted that 21 companies in its portfolio have raised more than $33 million in funding. ” Badamosi, who returned to Nigeria from the UK in 2015, worked as the general manager for Starta Africa, an online community for African tech entrepreneurs. .”

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African tech took center stage in 2021

TechCrunch

Two years ago, the African tech ecosystem saw newfound attention from global players that translated to the continent’s best year of receiving venture capital. From varying sources, it is estimated up to $2 billion went into African tech startups in 2019. AfricArena, a tech ecosystem accelerator, pegged deals to close between $2.25