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Philippine-based commerce platform developer ChatGenie secures fresh funds to bolster operations

Philippine-based multi-channel commerce platform development startup, ChatGenie, has raised additional capital in its recent fundraising campaign as part of Accelerating Asia’s fifth cohort for its first batch of investments from its US$20 million Fund II.

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Southeast Asia’s SuperApp, Grab, to acquire Malaysia’s premium grocery chain Jaya Grocer shortly after Nasdaq-listing

December 16, 2021

Grab is acquiring premium supermarket chain Jaya Grocer. According to a filing with the US Securities and Exchange Commission (SEC), Grab said it will acquire all of the ordinary shares of Jaya Grocer and 75% of the preference shares of Jaya Grocer. This comes less than two weeks after the company’s Nasdaq listing and according to The Edge Markets, the deal is valued to be up to RM1.8 billion.

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Three-Quarters of Companies See AI/ML As Important Revenue Drivers: SambaNova Report

January 24, 2022

Do you miss those innocent days when every product announcement breathlessly reported the new system or feature was “AI-based”? If so, here’s a whiff of remembrance from AI infrastructure provider SambaNova Systems, who found that 78% of large companies rate AI and Machine Learning as important revenue drivers. Yet even they have a curiously mixed attitude, citing (in their press release) a NewVantage Partners study that found only a quarter of top companies have scaled AI/ML across their organization.

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