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Magdrive secures seed funding for new propulsion system which could take us to the stars

TechCrunch

A startup with a new type of spacecraft propulsion system could make the interplanetary travel seen in “Star Trek” a reality. Magdrive says its engine can deliver both high thrust and high efficiency in one system. Magdrive has just closed a £1.4 Magdrive prototype render. Image: Magdrive .

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Australia pushes for AI rules, focusing on oversight and accountability

CIO

Australia has outlined plans for new AI regulations, focusing on human oversight and transparency as the technology spreads rapidly across business and everyday life. The Tech Council estimates Generative AI alone could contribute $45 billion to $115 billion per year to the Australian economy by 2030,” the statement said.

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S3 Ventures, Tacora close on new funds to boost Austin startups

TechCrunch

Brian Smith was an early believer in the city, founding S3 Ventures with a $20 million first fund after a career as an electrical engineer at companies like IBM before starting his own company, Crossroads Systems. In fact, the firm believes that Texas is going to be the second-largest tech ecosystem in the U.S.

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Nigeria’s Helium Health acquires Qatar’s Meddy in rare Africa-GCC deal

TechCrunch

Nigeria-based health tech startup Helium Health has acquired Meddy , a Qatar-headquartered and UAE-based doctor booking platform for an undisclosed amount. The company could have built out these services but acquiring Meddy presented a better option due its expansion play. Helium Health. “But

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How MemorialCare confronts evolving risks along its modernization journey

CIO

billion by 2030, according to statistics portal Statista, by virtue of the healthcare industry being under increasing attack. For Kevin Torres, trying to modernize patient care while balancing considerable cybersecurity risks at MemorialCare, the integrated nonprofit health system based in Southern California, is a major challenge.

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Beyond the status quo: Harnessing data and AI to drive transformational value in private equity

CIO

Today, as businesses grow increasingly complex and technological improvements develop at breakneck pace, portfolio company management must not only identify the most novel deployments of tech in their portfolio companies; they must start incorporating that tech into their own operations. Thats still a stretch for many firms.

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Eat Just to sell lab-grown meat in Singapore after gaining “world first” regulatory approval

TechCrunch

While there are plenty of other companies working on lab-grown meats using various techniques, Eat Just describes the Singapore government’s review and regulatory approval as a “world first.”

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