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Investment firm Permira taps Thoma Bravo veteran Mike Hoffmann as part of AI dealmaking push

Investment firm Permira taps Thoma Bravo veteran Mike Hoffmann as part of AI dealmaking push NEW YORK, June 1 : Global investment firm Permira has added Thoma Bravo’s Mike Hoffmann as a partner on its technology team as the firm looks to step up large technology dealmaking ahead of an expected AI‑driven M&A wave, Permira executives exclusively told Reuters. Hoffmann will join the global investment firm on Monday as a partner based in Menlo Park, California, bringing more than 15 years of...

Channel News Asia 8d ago

Beijing says 'firmly opposed' to US blacklist of Chinese companies

Beijing says 'firmly opposed' to US blacklist of Chinese companies BEIJING: Beijing said on Tuesday (Jun 9) it "firmly opposed" the US blacklisting of Chinese companies after Washington added tech giants Alibaba and Baidu to a list of firms it says are aiding the Chinese military. The Pentagon update on Monday came months after it released, and then quickly withdrew, an earlier version of the list without explanation. "China has consistently and firmly opposed the United States'...

Channel News Asia 1d ago

Mattress Firm Coupons: Save up to $600

Chances are that when you google “mattress store near me,” one of the first results you will see is Mattress Firm. This brick and mortar titan carries both established mattress brands like Serta and Sealy, as well as many online brands, like Purple, letting you go see for yourself if it’ll be the mattress for you. And if you were looking for an excuse to hop in the car and head over, we have a Mattress Firm coupon available right now, as well as tons of Mattress Firm promo codes to save big...

Wired 5d ago

EasyJet shares surge after budget airline brands takeover talks from US firm 'highly opportunistic'

EasyJet shares surge after budget airline brands takeover talks from US firm 'highly opportunistic' No-frills airline easyJet has dismissed a takeover approach from a US investment firm as "highly opportunistic" as shares in the budget airline jumped as much as 13% this morning Shares in easyJet soared after bosses at the British budget airline knocked back a takeover swoop. The Luton-based airline branded an approach by US investment firm Castlelake “highly opportunistic”. It also confirmed...

Daily Mirror 8d ago

Connected boards echo climate rules, yet many firms move pollution instead

Connected boards echo climate rules, yet many firms move pollution instead Lisa Lock Scientific Editor Andrew Zinin Lead Editor The good news: When environmental rules pressure one company, the effect can spread through shared boardroom ties, leading connected firms to reduce emissions, too. The bad news: The positive impact on the climate is limited, as these firms often shift polluting activities elsewhere, research from Radboud University and Stockholm University shows.

Phys.org 7d ago

Hong Kong securities regulator warns licensed firms of AI-driven cyber threats

Hong Kong securities regulator warns licensed firms of AI-driven cyber threats June 2 : Hong Kong's securities regulator on Tuesday urged licensed firms to bolster their cybersecurity defenses, warning of a surge in increasingly advanced and targeted AI-driven cyber threats. • In a circular, the Securities and Futures Commission said licensed firms, specifically internet brokers and virtual asset-trading platforms, should adopt up-to-date safeguards to prevent unauthorised access to client...

Channel News Asia 7d ago

How a decade-long bet on photonics handed this Chinese venture capital firm an AI windfall

ExclusiveHow a decade-long bet on photonics handed this Chinese venture capital firm an AI windfall For Mi Lei, founder of venture capital firm CAS Star, the sudden fascination with photonics is less a surprise than a delayed validation As artificial intelligence strains the physical limits of existing data centres, scientists and investors are turning to the ultimate speed limit of the universe for the next computing frontier: light. For Mi Lei, founder of CAS Star, a venture capital firm...

South China Morning Post 10d ago

Pope Leo calls AI firms a new form of colonialism, echoing tech critics

Technology Pope Leo calls AI firms a new form of colonialism, echoing tech critics June 9, 20264:45 AM ET Heard on Morning Edition Steve Inskeep Pope Leo calls AI firms a new form of colonialism, echoing tech critics Listen · 4:53 4:53 Toggle more options Download Embed Embed NPR's Steve Inskeep speaks with tech journalist Karen Hao about the Pope's recent warnings that AI companies represent a new form of colonialism. Facebook Flipboard Email Pope Leo calls AI firms a new form of...

NPR News 1d ago

Malaysia’s wage growth lags behind GDP as ‘top firms are not scaling’ – what gives?

Malaysia’s wage growth lags behind GDP as ‘top firms are not scaling’ – what gives? A World Bank report in May found that Malaysia’s wage growth since 2010 has lagged behind its gross domestic product (GDP) growth in part because top firms in the country are not scaling up. KUALA LUMPUR: They form the top 10 per cent of businesses in Malaysia productivity-wise.

Channel News Asia 2d ago

Law firms cheated in filing claims with NFL's $1 billion concussion settlement fund, report says

Law firms cheated in filing claims with NFL's $1 billion concussion settlement fund, report says The court officials overseeing the NFL’s $1 billion settlement fund for concussion-related injuries have barred five law firms from handling any more claims from former players, after finding that they fraudulently steered clients toward doctors willing to give them a Parkinson’s disease diagnosis whether they exhibited symptoms or not - Bookmark The court officials overseeing the NFL's $1...

The Independent World 6h ago