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South Africa-founded hearX has merged with US-based Eargo to create LXE Hearing, a new company focused on hearing health solutions. This merger, supported by a $100 million investment from Patient Square Capital, combines their strengths in digital technologies and consumer hearing aid brands. Nic Klopper, co-founder of hearX, will lead LXE Hearing as CEO, aiming to revolutionize hearing aids and enhance accessibility to hearing health.
Savant, a South African hardware incubator founded by Nick Allen in 2005, has opened applications for its venture fund, which supports innovators in science and engineering. The pre-seed fund offers up to ZAR800,000 for early-stage projects, while the seed fund provides up to ZAR1.2 million for those ready for market testing. Both funds aim to advance technology development from TRL3 to TRL6 within specified timeframes.
Barclays has lowered its price target for Dow Inc. to $38 from $44 while maintaining an equal-weight rating. Dow specializes in manufacturing and marketing a range of products, with net sales primarily from basic plastics (50.7%), elaborate plastics (27.6%), and performance chemicals (20%). Geographically, sales are distributed across the U.S. and Canada (38.2%), Europe/Middle East/Africa/India (32.5%), Asia/Pacific (17.9%), and Latin America (11.4%).
J.P. Morgan's Development Finance Institution has released material highlighting market developments, emphasizing that it is not a research report and does not constitute investment advice. The information is for general client use, and J.P. Morgan disclaims liability for any inaccuracies or reliance on the content. All transactions mentioned are illustrative, and the material is confidential and proprietary.
Deutsche Bank has adjusted its price target for PepsiCo, Inc. to $170 from $174 while maintaining a Buy rating. PepsiCo is a global leader in non-alcoholic beverages and snacks, with 60% of net sales coming from North America, followed by Europe (15.1%), Latin America (12.8%), Africa/Middle East/South Asia (6.8%), and Asia/Pacific/Australia/New Zealand (5.3%). The company's diverse product range includes popular brands such as Aquafina, Gatorade, Lay's, and Doritos, with significant sales concentrated in the United States (56.3%).
At MWC 2025, Huawei unveiled a range of AI-driven solutions aimed at transforming telecom infrastructure, including the AI-Centric Network and the industry's first AI Core Network. These innovations focus on enhancing connectivity, automating operations, and enabling new business models, while addressing the growing demands of AI applications and energy efficiency in data centers. The company emphasizes the critical role of AI in driving sustainable growth and innovation across the telecom sector.
Elon Musk has reclaimed his title as the world's richest person, with a net worth of $420 billion, marking an 82% increase largely driven by Tesla's soaring stock prices. This financial surge, linked to the 'Trump effect,' has also benefited other American billionaires like Mark Zuckerberg and Jeff Bezos. However, Musk's wealth has seen significant fluctuations, with a $100 billion drop following a decline in Tesla's market value amid rising competition and investor concerns.
South African AI startup NOSIBLE has raised $1 million in pre-seed funding, led by Atlantica Ventures, to enhance its growth marketing, sales operations, and go-to-market strategy. Founded in 2020 by Stuart Reid, NOSIBLE offers a search engine API and a consumer platform with AI agents for asset management, boasting a solution that is 100x cheaper than current methods. The funding will enable the startup to leverage its unique technology, which supports real-time hyperparameter tuning and aims to become a leading AI provider for asset managers.
South Africa's Trade Shield, a fintech startup specializing in credit risk management solutions, has raised ZAR15 million (US$820,000) from FNB’s Vumela Enterprise Development Fund. The funding will support its growth in South Africa and globally, enhancing its subscription-based platform that helps businesses manage trade credit risk through AI-driven analytics. Trade Shield aims to drive financial inclusion for small businesses by providing access to trade finance, showcasing its potential to scale as a SaaS-based business.
The US has added 80 organizations to its export blacklist, with over 50 based in China, to prevent access to advanced computing technologies for military purposes. The restrictions, announced by the Department of Commerce’s Bureau of Industry and Security, target entities involved in high-performance computing, AI, and hypersonic weapons development. China's Foreign Ministry condemned the move as a violation of international law, highlighting the ongoing tensions between the US and China.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
hearX and Eargo merge to create LXE Hearing in landmark deal
08:00 03.04.2025
savant opens venture fund applications for hardware technology projects in south africa
09:00 02.04.2025
barclays lowers dow inc price target to thirty eight dollars
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