110-year-old tech giant reveals a rare quantum edge

Hippocratic AI has successfully raised $126 million in its Series C funding round, bringing its valuation to an impressive $3.5 billion. This significant investment highlights the growing confidence in AI-driven healthcare solutions, which aim to enhance patient care and streamline medical processes. As the demand for innovative technology in the healthcare sector continues to rise, this funding will enable Hippocratic AI to expand its capabilities and reach, potentially transforming how medical professionals utilize artificial intelligence.

As demand for artificial intelligence surges, major companies like OpenAI and Meta are investing billions into AI infrastructure. This trend highlights the growing importance of AI in various sectors, driving innovation and competition. Such investments not only enhance technological capabilities but also create job opportunities and stimulate economic growth, making it a pivotal moment for the tech industry.

Adeia has filed a lawsuit against AMD, claiming patent infringement related to semiconductor technology. This legal action highlights the ongoing competition in the tech industry and underscores the importance of intellectual property rights. As companies innovate and develop new technologies, protecting these advancements becomes crucial for maintaining a competitive edge. The outcome of this case could have significant implications for both companies and the broader semiconductor market.

SLB has unveiled a new AI product aimed at enhancing its digital sales strategy, marking a significant step in the company's commitment to innovation. This launch is crucial as it not only showcases SLB's dedication to leveraging technology for growth but also positions the company to better meet the evolving needs of its customers in a competitive market.

Google's parent company, Alphabet, is set to enter the US and euro bond markets, a move that signals confidence in its financial stability and growth potential. This decision is significant as it allows Alphabet to raise capital for future investments and projects, which could lead to innovation and job creation. Investors are likely to view this as a positive sign of the company's robust financial health.

Eaton has made a significant move in the technology sector by acquiring Boyd Thermal for $9.5 billion, enhancing its data center capabilities. This acquisition is crucial as it positions Eaton to better meet the growing demand for efficient and reliable data center solutions, reflecting the company's commitment to innovation and sustainability in a rapidly evolving market.

Microsoft's recent announcement to invest over $15 billion in the UAE marks a significant commitment to the region's technological advancement. This investment not only strengthens Microsoft's presence in the Middle East but also highlights the UAE's growing importance as a tech hub. Additionally, securing US export licenses for Nvidia chips will enhance local innovation and development, making this a pivotal moment for both Microsoft and the UAE's economy.

Crane Harbor's stock has seen a significant surge following its merger with Xanadu, marking the creation of a new public quantum computing firm. This merger is important as it positions the company at the forefront of the rapidly evolving quantum technology sector, attracting investor interest and potentially leading to groundbreaking advancements in computing power.

Morris Mayo, a director at Nordson, has sold shares worth $61,000. This transaction is part of the normal trading activities that directors often engage in, which can sometimes raise questions about insider trading or the company's future. However, such sales are not uncommon and can reflect personal financial planning rather than a negative outlook on the company's performance.

Gold prices have shown a positive trend, settling 0.45% higher at $4000.30, marking an increase in three of the last four sessions. This uptick in gold is significant as it reflects investor confidence and market stability, especially in uncertain economic times. Meanwhile, silver has seen a slight decline, falling 0.2% for the second consecutive session, which could indicate shifting investor preferences.

The Bank of NT Butterfield has reached a significant milestone as its stock price hit a 52-week high of 46.91 USD. This achievement reflects the bank's strong performance and investor confidence, which is crucial for its growth and stability in the competitive financial sector.

The Guardian's editorial highlights a growing class divide in Britain, where a micro-elite in finance and tech is attracting top talent, leaving traditional white-collar jobs less appealing. This shift raises concerns about a society that prioritizes financial proximity over meaningful contributions, potentially leading to social unrest. The piece emphasizes the importance of addressing this imbalance to ensure a more equitable future.

Blink Charging has introduced its new Shasta EV chargers aimed at the multifamily and fleet markets, marking a significant step in expanding electric vehicle infrastructure. This launch is important as it addresses the growing demand for accessible charging solutions in residential and commercial settings, making it easier for more people to adopt electric vehicles and contribute to a greener future.

Phio Pharmaceuticals has successfully raised $13.4 million through a warrant exercise, a significant boost for the company as it continues to advance its innovative therapies. This funding is crucial for supporting their ongoing research and development efforts, which could lead to groundbreaking treatments in the pharmaceutical industry.