India-headquartered travel tech firm RateGain Travel Technologies is acquiring Adara, a Silicon Valley-based firm in travel martech and predictive consumer intelligence. The cost: a mere $16.1 million, according to RateGain’s filing on the Indian stock market. Through the acquisition RateGain is looking to build the most comprehensive travel-intent and data platform powered by artificial intelligence.
Singapore-based data center firm Digital Edge is reportedly close to acquiring a plot of land outside Mumbai, India, on which to develop its first facility in the country. The India Economic Times reports the company is in “advanced talks” in advanced talks to acquire a 47-acre land parcel in Thane, Maharashtra, along with realty developer Assetz Property Group from steel manufacturer Mukand.
Let’s continue looking at story lines for 2023. We’ll start with digital transformation. This CMO Council report paints a mixed picture: 89% of respondents think digital transformation is achieving good results but less than 12% see their enterprise leaders as highly strategic and adept at deploying new technologies.
Nearly one-third of major news publishers have blocked generative AI tools from reading their content. But that’s a drastic measure which could also exclude their results from conventional search engines. Microsoft has just given publishers the option to block access by Bing Chat without also removing their content from search results. We’ll see if competitors do the same.