OpenAI, the company behind ChatGPT, has nearly doubled its valuation to $157 billion following the largest venture capital deal in history. This move positions the generative artificial intelligence (GenAI) firm as the third-largest venture-backed company worldwide, trailing only SpaceX and ByteDance. The company announced it raised $6.6 billion in its...

Top health authorities in the Americas have agreed on a resolution to grant greater flexibility to the Pan American Health Organization’s (PAHO) Regional Revolving Funds, aiming to accelerate access to health technologies. These measures are intended to enhance regional self-sufficiency by supporting local production of health supplies and fostering innovation,...

A recent survey by KPMG, the 2024 India CEO Outlook, has revealed that seven out of ten Indian CEOs foresee substantial obstacles to business growth over the next three years. This study, involving 125 top executives from across India, identified the most pressing concerns, including the rising cost of living,...

Figures like Oprah Winfrey, frequently mentioned as one of the richest in the world, have amassed fortunes that most can only dream of. Yet, a lesser-known fact reveals that the richest individual in Massachusetts holds wealth exceeding Oprah’s by over tenfold. According to the latest list of America's Richest People,...

Mark Zuckerberg, CEO of Meta, has recently overtaken Jeff Bezos to become the world’s second-richest person. As of Thursday, Zuckerberg’s net worth reached a staggering $206.2 billion, narrowly surpassing Bezos, whose fortune stands at $205.1 billion. The Facebook co-founder now trails only Elon Musk, who leads the global rankings with...

Since stepping into the role of CEO of Ogen in 2016, Sagi Balasha has overseen Ogen’s evolution from a traditional interest-free loan provider into a comprehensive social financial institution. In this Q&A, Sagi Balasha, shares insights into the organization’s transformative journey in the social finance sector, discussing the organization's innovative...

Wilhelmsen Ship Management has announced the retirement of Carl Schou after nearly two decades of service, including 16 years as CEO. Schou’s tenure was marked by the company’s navigation through industry challenges, with a focus on safety, innovation, and growth. Haakon Lenz, the current Chief Operating Officer, is set to...

David Steward, an IT entrepreneur from Missouri, has been recognized as the wealthiest Black person in America. Its annual ranking on Tuesday estimated Steward's net worth at a record $11.4 billion, a significant increase from $7.6 billion last year and $6 billion the year prior. Steward, who resides in St....

Mitek Systems, Inc. (NASDAQ: MITK), a global leader in digital identity verification, mobile capture, and fraud management, has announced the appointment of Ed West as its new Chief Executive Officer and member of the Board of Directors, effective immediately. Scott Carter, who has been serving as Interim CEO since June...