Cognizant selected as technology provider for Fortrea’s transformation initiative

Cognizant and Fortrea, a provider of clinical development and patient access solutions in the life sciences industry, has announced a new partnership. Under this agreement, Cognizant will be the strategic technology transformation provider for Fortrea, focusing on enhancing its digital infrastructure and services.

This four-year collaboration is set to transform Fortrea’s global technology environment. Cognizant’s role will involve deploying advanced hybrid cloud technologies and platforms, and is expected to boost Fortrea’s data and analytical capabilities as well.

The partnership comes after Fortrea’s spin-off from its parent company in June 2023, a strategic move to increase its agility and growth in areas like clinical trials and patient access, particularly in oncology and clinical pharmacology. Cognizant will assist in transitioning Fortrea away from its former parent company’s Transition Service Agreements, setting up a new global infrastructure for Fortrea, including application management and end-user services.

[Image courtesy: Fortrea]

Just in

Google to relaunch Gemini AI picture generator in a ‘few weeks’ following mounting criticism of inaccurate images — CNBC

Google plans to relaunch its image-generation AI tool in the next “few weeks,” according to Google DeepMind CEO Demis Hassabis, writes Hayden Field. 

Broadcom divests End-User Computing to KKR in $4B deal

Broadcom has agreed to sell its End-User Computing (EUC) division to investment firm KKR in a deal valued at $4 billion. This move will see the division, which focuses on digital workspace solutions, becoming an independent company following the sale's completion.

Myko AI raises $2.7M

Miami, Fl-based Myko, an AI platform provider focused on analyzing sales and revenue data, has secured $2.7 million in seed funding.

Reddit hasn’t turned a profit in nearly 20 years, but it just filed to go public anyway — CNN

Reddit — which is not yet profitable — says it seeks to grow its business through advertising, more e-commerce offerings and by licensing its data to other companies to train their artificial intelligence models, writes Clare Duffy and John Towfighi.