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Key points: A consortium led by Dazheng Group from China has proposed acquiring Hollysys Automation Technologies in an all-cash deal worth $1.8 billion. The consortium consists of TFI Asset Management and GA Technologies. The offer represents a 9.4% increase compared to a previous buyout proposal by Ascendent Capital. A consortium led by Chinese company Dazheng … Read more Dazheng-led group’s mega deal: Hollysys Automation sold for $1.8B!

Key Points: Dazheng Group Acquisition, a consortium led by China’s Dazheng Group, has announced a bid to acquire automation and control technology provider Hollysys Automation Technologies. The all-cash transaction is valued at $1.8 billion. A consortium led by China’s Dazheng Group Acquisition has announced its bid to acquire automation and control technology provider Hollysys Automation … Read more Dazheng Group’s mega-offer: Acquire Hollysys Automation for $1.8 billion!

Robots are increasingly being used in fast-food kitchens to automate mundane tasks such as flipping burgers, cooking fries, and assembling salads. This shift towards automation is driven by rising labor costs due to inflation and minimum wage mandates. Some fast-food chains, including Chipotle, White Castle, and Sweetgreen, are using robots to streamline their operations and … Read more Robots rule fast-food kitchens: see automation making chips, salads, burgers, fries!

Outrider, a leader in autonomous yard operations for logistics hubs, has announced the latest release of its AI-driven perception technology, setting a new standard for autonomous yard performance and safety. Trained on millions of data points from Fortune 500 customer distribution yards, Outrider’s yard automation solution demonstrates an understanding of, anticipation of, and interaction with … Read more Outrider reveals smart AI tech, transforming yard automation with precision.

Nvidia is expected to become the new revenue leader in the semiconductor industry, surpassing industry giants Intel and Samsung Electronics. This significant growth in revenue can be attributed to the increasing demand for artificial intelligence (AI), in which Nvidia holds a high market share due to its graphics processing units (GPUs) that provide the necessary … Read more Nvidia reigns with booming AI, nears chip revenue crown.

Eiichiro Oda, the creator of the popular anime and manga series One Piece, has sparked controversy by using artificial intelligence (AI) to create a new song for the series. The song, titled “YO-HO-HO We Pirates,” has divided fans, with some praising Oda’s creativity and others expressing concerns about the use of AI in creative endeavors. … Read more AI-generated song by One Piece creator Eiichiro Oda sparks controversy.

The End Of Originality: Is AI Replacing Real Artists? Artificial intelligence (AI) has permeated every aspect of our lives, including the creative industry. AI can create beautiful artwork, design innovative products, compose music, and even write award-winning novels. This has forced artists to reconsider their careers and roles in this rapidly evolving world. Some key … Read more Is AI Killing Creativity: The Demise of Real Artists?

AI Can Accurately Predict Death About 80% of the Time, New Study Finds AI Can Accurately Predict Death About 80% of the Time, New Study Finds Key Points: Machine learning can accurately predict death nearly 80% of the time Researchers studied 6 million people in Denmark to create a deep-learning model able to predict mortality … Read more New study: Machine learning forecasts death with 80% accuracy.