TechTaffy

tech:

taffy

J.P. Morgan Invests In Zando

By TechTaffy Desk

[Techtaffy Newsdesk]

Cape Town, South Africa-based fashion e-commerce retailer Zando has received an investment by J.P. Morgan Asset Management;  J.P. Morgan will also take a stake in Zando through its German holding company.

J.P. Morgan Asset Management portfolio manager Robert Cousin, who worked on the deal from New York, confirmed the transaction.

Launched on the 23rd of January 2012, with a staff of 4 people, Zando scaled to 200 people, seven months later. It is led by its two managing directors and co-founders Manuel Koser and Peter Allerstorfer. The initial ignition of the company was supported by Rocket Internet.

Just in

AI

AI is ‘a new kind of digital species,’ Microsoft AI chief says — Quartz

Mustafa Suleyman, chief executive of Microsoft AI, said during a talk at TED 2024 that AI is the newest wave of creation since the start of life on Earth, and that “we are in the fastest and most consequential wave ever,” writes Britney Nguyen in Quartz.
Around the web

It’s baaack! Microsoft and IBM open source MS-DOS 4.0 — ZDNet

Microsoft and IBM have joined forces to open-source the 1988 operating system MS-DOS 4.0 under the MIT License, writes Steven Vaughan-Nichols. 
AI

Generative AI arrives in the gene editing world of CRISPR — NYT

New AI technology is generating blueprints for microscopic biological mechanisms that can edit your DNA, pointing to a future when scientists can battle illness and diseases with even greater precision and speed than they can today, writes Cade Metz.
AI

Estée Lauder, Microsoft to build AI Innovation Lab

The Estée Lauder Companies (ELC) and Microsoft Corp. announced the creation of an AI Innovation Lab to expand their global strategic relationship.
Around the web

Mark Zuckerberg says Meta will offer its virtual reality OS to hardware companies, creating iPhone versus Android dynamic — CNBC

Meta will partner with external hardware companies, including Lenovo, Microsoft and Asus, to build virtual reality headsets using the company’s Meta Horizon operating system, writes Kif Leswing.