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Cognizant to acquire AI infrastructure specialist Astreya for $600 million

The deal, Cognizant’s fourth major acquisition in 18 months, is designed to plug a specific gap in its AI builder strategy: the ability to design, build, and run the physical data centre infrastructure that enterprise AI actually runs on. Cognizant has agreed to acquire Astreya, a San Jose-based IT managed services firm specialising in AI […]

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Amadeus agrees to buy IDEMIA’s public security unit for $1.2 billion

The deal would give the Spanish travel technology company a global footprint in biometric border control, airport identity systems, and law enforcement fingerprint databases A passenger boarding a flight at one of the world’s 250 airports equipped with IDEMIA biometric gates does not think about who owns the face recognition system verifying their identity. Amadeus, […]

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Freepik rebrands as Magnific: a bootstrapped, profitable $230M ARR AI creative platform

The new name unifies what was previously fragmented across Freepik (stock assets), Magnific (AI upscaling), and several other products. One million paying subscribers. 250 enterprise customers, including BBC, Puma, and Amazon Prime Video. CEO Joaquín Cuenca has never taken outside investment. The company is profitable. Freepik, the Málaga-founded AI creative platform, announced on Tuesday that […]

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Revolut is opening its first physical store in Barcelona

The store is a permanent pilot, not a pop-up. If successful, it will be replicated in other markets. Spain is Revolut’s third-largest market globally. Last week  the company’s IPO target valuation was up to $200 billion, with no listing before 2028. Revolut, Europe’s most valuable startup at $75 billion, is opening its first physical retail […]

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Accenture deploys Microsoft 365 Copilot to all 743,000 employees

97% of Accenture employees report Copilot helped complete routine tasks up to 15 times faster. 89% monthly active usage among the 200,000-person cohort tested. Microsoft has over 450 million M365 enterprise users; only ~3% currently pay $30/month for Copilot. Its shares are down 12% this year. Microsoft is rolling out its Microsoft 365 Copilot AI […]

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