Artificial Intelligence (AI) has gained increasing popularity across industries. Worldwide revenues for the AI market, including software, hardware, and services, are forecast to grow 40.2% annually, topping $997.77 billion by the end of 2028, according to a latest report by Grand View Research, an international consulting firm that helps Fortune 500 companies understand the global and regional business environment. Earlier, Connecticut-based Aquiline Drones Corporation (AD) announced the acquisition of ElluminAI Labs, LLC to support further development of its AI framework called Spartacus. This is AD's second strategic acquisition in the company's pre-IPO plan. It was just last month that AD completed the purchase of 50% of Netherlands-based AerialTronics, a renowned drone manufacturer, for $9.0M USD from Paris-based Drone Volt (ALDRV).

Yet another company enters the Destiny family as the company announces the acquisition of the Danish communication and collaboration company ipvision. The acquisition enhances Destiny's position as a leading European, SME-focused, secure cloud communication provider. Daan De Wever, CEO Destiny: "We are excited to welcome ipvision to the Destiny family. Obviously, this will strengthen our position on the Danish market and in the Nordics in general. Therefore, ipvision is a perfect match with the Destiny Group, reinforcing our position as an innovative, client-centric and market leading UCaaS provider for SMEs in Europe."

According to 2020's McKinsey Global Survey on artificial intelligence (AI), in 2020 more than 50% of companies have adopted AI in at least one business unit or function, so we witness the emergence of new AI trends. Organizations apply AI tools to generate more value, increase revenue and customer loyalty. AI leading companies invest at least 20% of their earnings before interest and taxes (EBIT) in AI. This figure may increase as COVID-19 is accelerating digitization. Lockdowns resulted in a massive surge of online activity and an intensive AI adoption in business, education, administration, social interaction, etc.

The Transform Technology Summits start October 13th with Low-Code/No Code: Enabling Enterprise Agility. Zendesk today announced it has acquired Cleverly.ai, Zendesk says it will integrate Cleverly's technology across its existing products, enabling teams to automate more processes while keeping up with customer demand. With conversation volume increasing by more than 20% year-over-year, customer support teams are struggling to keep up. As a result, businesses are increasingly turning to AI to provide faster and more reliable service. A 2020 IDC survey found that automated customer service agents are a top priority for companies with over 5,000 employees.

Developing new packaged foods and consumer goods can take a couple years as companies research, prototype and test products. In a society that runs on social media, however, people expect to see trends land on store shelves much more quickly. Founded in 2018, Ai Palette uses machine learning to help companies spot trends in real time and get them retail-ready, often within a few months. The startup, whose clients include Danone, Kellogg's, Cargill and Dole, announced today it has raised an oversubscribed $4.4 million Series A co-led by pi Ventures and Exfinity Venture Partners. Both will join Ai Palette's board.

On July 29, 2021, Lantern Pharma, Inc. (NASDAQ:LTRN) announced second quarter 2021 financial and operational results, filed its form 10-Q with the SEC and hosted a conference call to review the quarter's accomplishments. Lantern generated no revenues in the second quarter and expended $2.48 million on operations during the three month period producing a net loss of ($2.32) million, or ($0.21) per share. Cash burn in the second quarter was ($1.7) million, up markedly from the ($490,000) consumed in the prior year period. Lantern reacquired global rights to its candidate LP-100 from Allarity Therapeutics, publicized in a press release on July 27, 2021. The candidate is in Phase II trials that enrolled 9 out of 27 targeted subjects.

The U.K.'s competition watchdog has raised serious concerns about Nvidia's proposed takeover of chip designer, ARM. Its assessment was published today by the government, which will now need to decide whether to ask the Competition and Markets Authority (CMA) to carry out an in-depth probe into the proposed acquisition. In the executive summary of the CMA's report for the government the watchdog sets out concerns that if the deal were to go ahead the merged business would have the ability and incentive to harm the competitiveness of Nvidia's rivals by restricting access to ARM's IP which is used by companies that produce semiconductor chips and related products, in competition with Nvidia. The CMA is worried that the loss of competition could stifle innovation across a number of markets -- including data centres, gaming, the "internet of things", and self-driving cars, with the resulting risk of more expensive or lower-quality products for businesses and consumers. A behavioral remedy offered by Nvidia was rejected by the CMA -- which has recommended moving to an in-depth "Phase 2" investigation of the proposed merger on competition grounds.

The UK's competition watchdog has raised serious concerns about Nvidia's proposed takeover of chip designer, ARM. Its assessment was published today by the government which will now need to decide whether to ask the Competition and Markets Authority (CMA) to carry out an in-depth probe into the proposed acquisition. In the executive summary of the CMA's report for the government the watchdog sets out concerns that if the deal were to go ahead the merged business would have the ability and incentive to harm the competitiveness of Nvidia's rivals by restricting access to ARM's IP which is used by companies that produce semiconductor chips and related products, in competition with Nvidia. The CMA is worried that the loss of competition could stifle innovation across a number of markets -- including data centres, gaming, the'internet of things', and self-driving cars, with the resulting risk of more expensive or lower quality products for businesses and consumers. A behavioral remedy offered by Nvidia was rejected by the CMA -- which has recommended moving to an in-depth'Phase 2' investigation of the proposed merger on competition grounds.

Waymo Via, Waymo's autonomous truck unit, announced on Wednesday the construction of a hub for its fleet of autonomous trucks in Dallas, and a partnership with trucking company Ryder. The double announcement came as Waymo prepares to grow its delivery operations across Texas, California and Arizona. After raising $2.5 billion from outside investors in June, the Alphabet-owned company said today that its new primary operations center will be in a nine-acre site in South Dallas, and the company will move into it in the first half of 2022. Th self-driving truck company has started testing on the fifth generation of its Driver on the Class 8 trucks fleet as it continues freight hauling for JB Hunt. The hub will accommodate hundreds of trucks and personnel.

MOLOCO, an adtech startup that uses machine learning to build mobile campaigns, announced today it has raised $150 million in new Series C funding led by Tiger Global Management, taking its valuation to $1.5 billion. This is separate from the $20 million Series C round MOLOCO announced three months ago, which brought it to unicorn status. Co-founder and chief executive officer Ikkjin Ahn told TechCrunch that MOLOCO raised again so soon because "as we gear up for a potential IPO, we wanted more funding to help us grow faster." Founded in 2013 and based in Redwood City, California, MOLOCO has now raised $200 million in total. The company claims it has "consistently grown in excess of 100% annually," and has an annual net revenue run rate of more than $100 million.