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Lori Systems Raises $2M as Valuation Dips to $5M From $120M Peak

Lori Systems, the Nairobi-based digital freight platform, has raised $2 million in a bridge round at a significantly reduced $5 million valuation, a steep drop from its 2020 peak valuation of $120 million. Led by Delta40, with participation from Future Africa, FP Capital, and others, the new funding brings Lori’s total raised capital to over

Meta Outlines How Its AI Systems Are Powering Better Campaign Performance

Meta has provided a new overview of the AI back-end that’s powering its ad targeting process, in order to provide more context as to how its ad systems are evolving, and driving better results for ad partners. In the new explainer, Meta shares that its ad system now uses three separate AI-powered functions to deliver

Health systems chase ROI, target efficiency in AI for 2025

Global health system leaders are prioritizing efficiency, productivity, and patient engagement in 2025 as they navigate financial constraints, workforce shortages, and growing consumer expectations. A Deloitte global survey of more than 120 C-suite executives found that more than 70% view operational efficiency and productivity gains as essential areas of focus. More than 90% of respondents

MHI Thermal Systems Receives Minister of the Environment Award for Climate Action 2024

TOKYO, Dec 3, 2024 - (JCN Newswire) - Mitsubishi Heavy Industries Thermal Systems, Ltd. (MHI Thermal Systems), a part of Mitsubishi Heavy Industries (MHI) Group, has received a Minister of the Environment Award for Climate Action 2024 for development of its JHT-Y/JHT-YI series of large-capacity centrifugal chillers adopting the HFO-1234yf refrigerant with a low GWP(1...

ABL Space Systems scores $60 million for rapid response launch for defense customers

Launch startup ABL Space Systems has landed a $60 million contract to build out its “responsive launch” operational capacity, as part of the U.S. Space Force and U.S. Air Force Strategic Funding Increase (STRATFI) program. The new funding, which equally matches government funding with private investment...

Cardo Systems’ new PACKTALK Custom unlocks the power of personalization

Cardo Systems’ new PACKTALK Custom unlocks the power of personalization with upgradeable Pay-Per-Feature packages. Cardo Systems, the global market leader in wireless communication systems for powersports, has unlocked the power of personalization with the all-new PACKTALK CUSTOM. Available at a mid-range price point of €279.95, Cardo’s industry-first mesh communicator service offers Pay-Per-Feature subscription plans – allowing

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Xbox studio accidentally gave away the RPG that led to OG Fallout for free, so now it’s giving everyone a way to play it...

An Xbox developer made a big whoopsie and accidentally gave players a free (but broken) version of the game that led to OG Fallout, but rather than snatching the lucky (but, again, botched) freebie away from gamers, the studio is simply giving people a way to play it properly. "A couple weeks ago an error

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Yashraj, Abdon Mech, Divyam Sodhi and All The Songs to Know This Week

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