DocuSign, the digital transaction management company, has announced plans to acquire Lexion, a contract workflow automation company, for $165 million USD. This acquisition deal will expand DocuSign’s strategy to transform contract agreement data, and Lexion’s technology will enable DocuSign customers to gain a detailed understanding of their contract structures and data, as well as identify…
Italy: $10.7 Billion Microelectronics Investment
The Italian government has announced plans to invest $10.7 billion USD in the semiconductor industry as it prepares to become one of the largest microelectronics producers in Europe. The investment will be used to build semiconductor facilities, promote economic development, create high-quality jobs, and enhance international collaboration in the competitive semiconductor market. This comes as…
Luminar To Layoff 20%
Luminar Technologies Inc. is an American technology company that develops vision-based lidar and machine perception technologies, primarily for self-driving cars. The company was founded in 2012 and is headquartered in Orlando, Florida. According to reports, Luminar has announced plans to lay off 20% of its workforce, which amounts to 140 employees as well as the…
Peloton To Layoff 15%
Peloton Interactive is an American exercise equipment and media company founded in 2012 and based in New York City. According to reports, Peloton has announced plans to lay off 15% of its workforce, which amounts to approximately 400 employees, as part of a cost-cutting initiative aimed at reducing the company’s expenses by over $200 million…
Microsoft: $2.2 Billion AI & Cloud Investment In Malaysia
Microsoft has announced plans to invest $2.2 billion USD in cloud and artificial intelligence infrastructure in Malaysia. This investment deal is expected to be made over the next 4 years and will also involve collaboration with the Malaysian government to establish a national AI center in the country to enhance the country’s cybersecurity capabilities.The report…
Ford Recalls 242,669 Vehicles
Ford has issued a recall of 242,669 vehicles because the tail lights may not illuminate. According to the notice from the National Highway Traffic Safety Administration (NHTSA), the Body Control Module (BCM) may falsely detect a current overload on one or both of the rear position lamp circuits, resulting in one or both of the…
LinkedIn Launches Gaming On Its Platform
LinkedIn, the social media network for business and professional relationships, has announced the launch of three games on the app, in an effort to bring more users and engagement to its platform. The games Queens, Crossclimb, and Pinpoint have been designed to test your abilities in logic, trivia, and word association. They are available globally,…
Tesla To Layoff 500
Tesla has announced plans to lay off its entire supercharging team which is approximately 500 employees as part of a cost reduction effort stating financial difficulties. This move comes when every major automaker with presence in North America adopted Tesla’s supercharging system known as the North American Charging Standard (NACS) because it is widely available,…
Glovo Exits Ghana
Glovo is a Spanish on-demand delivery company that was founded in 2015 and is headquartered in Barcelona, Spain. It offers delivery services for food, groceries, and other products and operates in various countries in Eastern Europe, Latin America, and Africa. According to reports, Glovo has announced plans to cease operations in Ghana, citing profitability challenges….
Microsoft: $1.7 Billion AI & Cloud Investment
Microsoft has announced plans to invest $1.7 billion USD in cloud and artificial intelligence infrastructure in Indonesia. This investment deal is expected to be made over the next four years and will include building a new data center as it aims to bring the latest AI and cloud infrastructure to Indonesia. The report further states…