The unsolicited all-cash bid targets one of the enterprise software sector’s most cash-generative businesses, as private equity firms continue to pursue take-private deals in the technology sector Progress Software Corporation (NASDAQ: PRGS) has confirmed it is reviewing a preliminary all-cash takeover proposal from private equity firms Francisco Partners and Vista Equity Partners. The proposal values the company at $48 per share. It is unsolicited, no binding agreement has been signed, and the board is working through the proposal with independent financial and legal advisers. All three parties declined to comment, with further developments expected shortly. The proposal adds to a…
When someone first described how quantum computers could crack encryption, it sounded almost dramatic. Large…
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The King Abdulaziz International Conference Center in Riyadh doesn’t seem like the birthplace of international tech regulations. Footsteps are absorbed by the thick carpets. Besides the translation headsets are half-finished coffee cups. Attendees lean forward and pay close attention as presenters go over a topic that was previously thought to be solely Californian: the proper conduct of artificial intelligence. Silicon Valley is not the source of this conversation. In collaboration with the Islamic World Educational, Scientific, and Cultural Organization, the Saudi Data and Artificial Intelligence Authority has started to develop an ethics charter that goes beyond governing AI in the…
The soft hum of computers is nearly constant in a well-lit research lab in Abu Dhabi. Medical scans, which are grayscale pictures of tissue patterns that anyone outside of oncology would find mysterious, glow on screens. Radiologists may have studied each of these pictures for several minutes a few years ago. A machine can now identify possible cancer in less than 30 seconds in some experimental systems. Researchers in the United Arab Emirates claim to have created an artificial intelligence tool that can analyze medical images remarkably quickly and identify some types of cancer in less than 30 seconds. Reducing…
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