BlackLine, Inc., a leader in accounting automation software, announced that it has completed the acquisition of Rimilia, an AI-powered cloud-based platform that enables accounts receivable (AR) automation and digital transformation. With Rimilia, BlackLine strengthens its position with the Office of the Controller by driving end-to-end automation of the cash lifecycle and ensuring greater data integrity. The acquisition expands BlackLine's capabilities into an adjacent area, adding AR automation to financial close automation and accelerating BlackLine's larger, long-term plan for transforming and modernizing Finance & Accounting. Headquartered in the United Kingdom, Rimilia is a leading provider of accounts receivable automation solutions that enable organizations to control cash flow and cash collection in real time. Same-day cash allocation results in an unrivaled reduction in the number of days of sales outstanding, improves working capital and drives significant cost savings.

Snyk today announced it has agreed to acquire DeepCode as part of an effort to apply artificial intelligence (AI) to DevSecOps. DeepCode has developed an interpretable machine learning semantic code analysis tool that scans code anywhere from 10 to 50 times faster than existing approaches. DeepCode currently supports Java, JavaScript, Python, TypeScript and C/C programming languages. Developers get started by connecting the DeepCode bot to their GitHub, BitBucket or GitLab accounts or directly within their integrated development environment (IDE). DeepCode then immediately starts reviewing each commit with no additional coding required.

Microsoft announced Monday that it will acquire ZeniMax Media, the parent company of popular video game publisher Bethesda, for $7.5 billion. Here, a Microsoft store is shown in March in New York City. Microsoft announced Monday that it will acquire ZeniMax Media, the parent company of popular video game publisher Bethesda, for $7.5 billion. Here, a Microsoft store is shown in March in New York City. In what is set to be one of the largest ever acquisitions in the video game industry, Microsoft announced Monday that it has reached a deal to acquire ZeniMax Media, the parent company of popular video game publisher Bethesda Softworks, for $7.5 billion.

The studio behind video game franchises Doom and Fallout has a new home. Microsoft announced Monday it will acquire ZeniMax Media for $7.5 billion. The deal includes Bethesda Softworks, the Maryland-based publisher that works on video game properties including Fallout and The Elder Scrolls. "As a proven game developer and publisher, Bethesda has seen success across every category of games, and together, we will further our ambition to empower the more than three billion gamers worldwide," Microsoft CEO Satya Nadella said in a statement. ZeniMax Media, the parent company of Bethesda, was founded in 1999 and currently has more than 2,300 employees.

President Donald Trump said Saturday he has approved a deal in principle in which Oracle and Walmart will partner with the viral video-sharing app TikTok in the U.S., allowing the popular app to avoid a shutdown. "I have given the deal my blessing -- if they get it done that's great, if they don't that's okay too," Trump told reporters on the White House South Lawn before departing for North Carolina. "I approved the deal in concept." The U.S. Department of Commerce announced it would delay the prohibition of U.S. transactions with TikTok until next Sunday. Shortly after Trump's comments, Oracle announced it was chosen as TikTok's secure cloud provider and will become a minority investor with a 12.5% stake.

NVIDIA is sitting pretty in AI (artificial intelligence) right now. For the next few years, most AI systems will continue to be trained on NVIDIA GPUs and specialized hardware and cloud services that incorporate these processors. However, NVIDIA has been frustrated in its attempts to become a dominant provider of AI chips for deployment into smartphones, embedded systems, and other edge devices. To address that strategic gap, NVIDIA this past week announced that it is acquiring processor architecture firm Arm Holdings from SoftBank Group and the SoftBank Vision Fund. Once the acquisition closes in the expected 18 months, NVIDIA will retain Arm's name, brand identity, management team, and base of operations in Cambridge, United Kingdom.

Biopharma companies are relying more and more on artificial intelligence and machine learning (AI/ML) to help them uncover the intricacies of disease mechanisms and open up strategies to develop novel medicines for treatment. As a result, the BioWorld Artificial Intelligence price-weighted index, which includes biopharmaceutical companies, medical devices and health care services companies, has climbed in value and is currently up almost 37% year-to-date. Fueling the index has been biopharmaceutical company Bioxcel Therapeutics Inc., of New Haven, Conn., which is utilizing artificial intelligence to identify improved therapies in neuroscience and immuno-oncology. Its shares (NASDAQ:BTAI) have been on a tear so far this year, gaining a whopping 229%, catalyzed by significant clinical progress in its product pipeline. In July, the company reported that it had initiated an expanded access program at Massachusetts General Hospital (MGH) to provide its alpha 2A adrenoceptor agonist, BXCL-501, a sublingual thin-film formulation of dexmedetomidine, to individuals diagnosed with COVID-19 who are critically ill in the intensive care unit and may require calming or arousable sedation.

Walmart has had drone delivery ambitions for years now, and today they've announced a partnership with Zipline for on-demand delivery of "health and wellness" products. Zipline drones aren't the quadcopters that most think of for these types of delivery services. Instead, they're gliders that have longer range and won't just drop out of the sky if something fails. Trial deliveries using Zipline's drones will take place near Walmart headquarters in northwest Arkansas with a plan to start early next year. Walmart says that the Zipline drones will be able to operate within a 50-mile radius, and they produce no carbon emissions.

NVIDIA and SoftBank Group Corp. (SBG) today announced a definitive agreement under which NVIDIA will acquire Arm Limited from SBG and the SoftBank Vision Fund (together, "SoftBank") in a transaction valued at $40 billion. The transaction is expected to be immediately accretive to NVIDIA's non-GAAP gross margin and non-GAAP earnings per share. The combination brings together NVIDIA's leading AI computing platform with Arm's vast ecosystem to create the premier computing company for the age of artificial intelligence, accelerating innovation while expanding into large, high-growth markets. SoftBank will remain committed to Arm's long-term success through its ownership stake in NVIDIA, expected to be under 10 percent. "AI is the most powerful technology force of our time and has launched a new wave of computing," said Jensen Huang, founder and CEO of NVIDIA.

Nvidia agreed to purchase Arm for up to $40 billion in cash and stock, the companies said Sunday night. This mammoth deal in the chip industry is expected to bolster AI and GPU powerhouse Nvidia's chip portfolio, even as it's sure to attract antitrust attention in the smartphone market. Nvidia will pay Softbank, the company's current owner, a total of $21.5 billion in Nvidia stock and $12 billion in cash, including $2 billion payable at signing. Nvidia will also issue $1.5 billion in equity to Arm employees. It may also pay Softbank up to $5 billion in cash or stock if Arm meets specific financial performance targets--bringing the final purchase price up to $40 billion -- the largest chip deal ever.