TechTaffy

tech:

taffy

Paystone raises $69M (Canada)

By TechTaffy Desk

Payments and integrated software company Paystone has closed $69 million in financing from Canadian Business Growth Fund (CBGF) and National Bank of Canada, the company said in a statement.

The funds will be used to fuel growth in customer engagement services and electronic payment processing solutions, says Paystone.

Miller Thomson acted as Paystone’s legal counsel, PricewaterhouseCoopers conducted the due diligence and tax advisory for the transaction, KPMG acted as the auditors to Paystone and Alchemy Capital acted as Paystone’s financial advisor.

Just in

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. 
IT

Nvidia to acquire Run:ai

Nvidia announced an agreement to acquire Run:ai, a provider of Kubernetes-based workload management and orchestration software.
Around the web

Windows 11 Start menu ads are now rolling out to everyone — The Verge

Microsoft is starting to enable ads inside the Start menu on Windows 11 for all users, writes Tom Warren.