Industry News

63 Moons Technologies Ltd, on Thursday announced that it has sold its entire stake in Bourse Africa Ltd for $10.5 million to Continental Africa Holdings Ltd. In 2014, CAHL had agreed to buy Bourse Africa for $40.5 million. Bourse Africa Ltd was a wholly-owned subsidiary company of FT Group Investments Pvt."/>
BRIEF: FTIL sells entire stake in Bourse Africa for $10.5 million [Mint, New Delhi]
Facebook, IBM, and Microsoft come together to create a non-profit organization that will work to advance public understanding of AI technologies and formulate best practices on the challenges and opportunities within AI. The organization is named Partnership on Artificial Intelligence to Benefit People and Society and academics, non-profits, and specialists in..."/>
Google, Facebook, Amazon, IBM and Microsoft partner on AI [Mint, New Delhi]
Qualcomm is reportedly in talks to buy NXP Semiconductor for about $30 billion in what could be a blockbuster, transformative deal for the San Diego wireless company. Citing unnamed sources familiar with discussions, the Wall Street Journal reported Thursday that the two companies are in discussions. A Qualcomm spokeswoman said the company doesn't comment on speculation."/>
Report: Qualcomm eyes NXP Semiconductor acquisition [The San Diego Union-Tribune]
M and A Navigator: Deal pipeline 30 September
Microsoft has created a 5,000- person engineering and research team focused on artificial intelligence, an effort to reposition the company to capitalize on the rapid growth of software aided by machine-learning algorithms. The move comes as Qi Lu, a longtime Microsoft engineering leader who was most recently executive vice president of the Applications and Services Group that includes Bing and Office, leaves the company to focus on his recovery from a bicycle..."/>
Microsoft creates artificial intelligence, research group [The Seattle Times]
DST Systems Inc. has paired with a California venture capital firm with a plan to create or back new businesses with a focus on big data and innovation to improve health care. Frost Data Capital, in San Juan Capistrano, Calif., combines a business incubator program that supports startups with its venture capital investment funds. It teams with partners, in this case DST, to come up with ideas for new businesses and launches them."/>
KC-based DST Systems eyes health care startups with California group [The Kansas City Star]
Nutanix, the next-generation enterprise cloud platform company, today announced the pricing of its upsized initial public offering of 14,870,000 shares of Class A common stock at a price of $16.00 per share. The shares are expected to begin trading on the NASDAQ Global Select Market on September 30, 2016 under the symbol“ NTNX.” All of the shares are being offered by Nutanix. Additionally, Nutanix has granted the underwriters a 30- day option to purchase up to..."/>
Nutanix Announces Pricing of Initial Public Offering

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