<div>
  <ul>
    <li>
      <p>
        Nepra Foods Inc., through its wholly-owned subsidiary, Nepra Foods, Ltd., has secured a loan of USD 950,000 from William Hogan at 6% per annum.
      </p>
    </li>
    <li>
      <p>
        The new funds will support the growth of Nepra Ltd. and aid in increasing its enterprise value.
      </p>
    </li>
    <li>
      <p>
        <b>Analyst QuickTake: </b>
        This news comes after Nepra Foods was issued a 
        <a href="https://www.accesswire.com/791414/nepra-foods-announces-cease-trade-order">
          cease trade order
        </a>
         (CTO) by the British Columbia Securities Commission in October 2023. The CTO was issued because Nepra Foods failed to file its audited annual financial statements for the year ended March 31, 2023.&nbsp;
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://www.accesswire.com/856321/nepra-foods-announces-loan-to-its-subsidiary-nepra-foods-ltd">
      Press release
    </a>
  </p>
</div>


Plant-based Meat

ANALYST_QUICK_TAKE

<div>
 <p>Nepra Foods Inc., a parent company, has received a loan of USD 950,000 at a 6% annual interest rate from William Hogan via its subsidiary, Nepra Foods, Ltd.</p>
 <p>Nepra Ltd. will utilize these funds to support its growth and increase its enterprise value.</p>
</div> <p><b>Analyst QuickTake:<br>
 </b> This news comes after Nepra Foods was issued a <a href="https:<br>
//www.accesswire.com/791414/nepra-foods-announces-cease-trade-order"> cease trade order </a> (CTO) by the British Columbia Securities Commission in October 2023. The CTO was issued because Nepra Foods failed to file its audited annual financial statements for the year ended March 31, 2023.&nbsp;</p>

Nepra Foods raises USD 950,000 in debt funding to support growth

Automation and robotics are finally creating solutions for the complexities of doorstep deliveries.

Last-mile Delivery Automation

<div>
 <p>UK company Wayve, which specializes in autonomous vehicle tech, has successfully raised USD 1.05 billion in a Series C funding round. Major participants of this round included SoftBank Group, NVIDIA, and their existing investor, Microsoft. With this latest round of investment, Wayve's total funds now stand at over USD 1.3 billion.</p>
 <p>The funds accrued will be utilized by the company to further advance its AI-assisted automotive technologies and autonomous driving technologies. Furthermore, Wayve also intends to use this capital to broaden its operations at a global level.</p>
 <p>This funding round has not only been recognized as the largest AI fundraiser in the UK but also ranks among the top 20 AI fund raises worldwide.</p>
</div> <p><b>Analyst QuickTake:<br>
</b> Wayve is one of the few companies that offers autonomous vehicle technologies for passenger vehicles and last-mile delivery applications; hence, it is featured in our <a href="https:<br>
//sp-edge.com/industry/70"> Auto Tech </a> and <a href="https:<br>
//sp-edge.com/industry/1"> Last-mile Delivery Automation </a> hubs. With today’s fund raise, Wayve leapfrogs as the second-highest funded privately held company in the Auto Tech space, after US- and China-based autonomous vehicle tech company <a href="https:<br>
//sp-edge.com/companies/588243"> Pony.ai, </a> which has raised USD 1.33 million to date. The company has also become the second-highest funded startup in the Last-mile Delivery Automation space after peer autonomous delivery vehicle developer <a href="https:<br>
//sp-edge.com/companies/454812"> Nuro, </a> which has raised USD 2.1 billion to date.</p>

Wayve raises USD 1.05 billion in Series C funding led by SoftBank

Autonomous and connected technologies shaping the future of the auto industry

Auto Tech

<div>
 <p>Wayve, a UK-based company specialising in autonomous vehicle technology, has successfully raised USD 1.05 billion in a Series C funding round. SoftBank Group led this round of funding, with participation coming from NVIDIA and existing investor Microsoft. The total amount of funds raised by the company now exceeds USD 1.3 billion.</p>
 <p>Wayve stated its intent to use these new funds to further develop autonomous and automated driving technologies. This includes their AI-assisted automotive technologies. Furthermore, there is also a plan to expand the company's operations on a global scale.</p>
 <p>This funding round has been noted as the UK’s largest AI fundraiser, and is also one of the top 20 AI fund raises worldwide.</p>
 
</div> <p><b>Analyst QuickTake:<br>
</b> Wayve is one of the few companies that offers autonomous vehicle technologies for passenger vehicles and last-mile delivery applications; hence, it is featured in our <a href="https:<br>
//sp-edge.com/industry/70"> Auto Tech </a> and <a href="https:<br>
//sp-edge.com/industry/1"> Last-mile Delivery Automation </a> hubs. With today’s fund raise, Wayve leapfrogs as the second-highest funded privately held company in the Auto Tech space, after US- and China-based autonomous vehicle tech company <a href="https:<br>
//sp-edge.com/companies/588243"> Pony.ai, </a> which has raised USD 1.33 million to date. The company has also become the second-highest funded startup in the Last-mile Delivery Automation space after peer autonomous delivery vehicle developer <a href="https:<br>
//sp-edge.com/companies/454812"> Nuro, </a> which has raised USD 2.1 billion to date.</p>

Empowering efficiency, visibility and collaboration throughout supply networks

Supply Chain Tech

INCUMBENTS_PRESENT

PROMINENT_CATEGORY

Logility expands GenAI capabilities across digital supply chain platform

Foundation Models

<div>
 
 <p>Microsoft is said to be developing a large language model named MAI-1. This model might compete with other developers in this field such as Google, OpenAI, and Anthropic. </p>
 <p>MAI-1 is reported to be a large-scale model, with an estimated 500 billion parameters. This size makes it larger than some of Microsoft's other open-source models.&nbsp;</p>
 
</div> <p><b>Analyst QuickTake:<br>
</b> While Microsoft has already partnered with OpenAI to leverage its models, the development of MAI-1 reflects a desire for more independent AI model capabilities. Reportedly, the goal is to have a balanced access system consisting of OpenAI's leading AI models, in-house developed MAI-1, and smaller models for on-device scenarios.</p>

Microsoft reportedly develops MAI-1, an in-house AI model

<div>
 
 <p>NVIDIA has formed a partnership with Intrinsic, which is a software and AI robotics company under Alphabet. The objective of this partnership is to merge NVIDIA's AI and Isaac platform with the goal of improving autonomous robotic manipulation.</p>
 <p>The Isaac Manipulator devised by NVIDIA features a suite of basic models, all designed to help create workflows for robotic arms. Meanwhile, the technology offered by Intrinsic will be utilized to foster agile and modular AI capabilities specifically designed for robotic arms.</p>
 <p>The companies claim that this alliance will make processes more efficient, decrease development expenses, and boost flexibility for the end-user.&nbsp;</p>
 
</div>

NVIDIA partners with Intrinsic to integrate platform into autonomous robotics

<div>
 
 <p>OpenAI and Stack Overflow have formed a strategic alliance to improve AI modeling and increase tech information accessibility. OpenAI will benefit from accessing Stack Overflow's API and incorporating feedback from the developer community for AI model optimization. Stack Overflow also intends to use OpenAI's advanced language models for Overflow AI development. The first set of integrations is planned for release in the first half of this year.</p>
 
</div>

OpenAI partners with Stack Overflow to improve AI performance and expand technical content

<div>

<p>Cyberfiction authors Susan Orlean, Andre Dubus III, Jason Reynolds, and Rebecca Makka have filed a lawsuit against NVIDIA and Databricks for copyright infringement. They allege that the tech companies used their written works for the training of AI models NeMo Megatron and MosaicML. According to the authors, such models produce content that competes with original creations, despite using significant amounts of copyrighted works as inputs. They argue this conflicts with fair use principles. </p>

</div> <p><b>Analyst QuickTake:<br>
</b> Recently, several lawsuits have been filed over copyright infringement by AI. Last month, eight <a href="https:<br>
//sp-edge.com/updates/29006"> daily newspapers </a> under Alden Global Capital sued OpenAI and Microsoft over publication data, and in January, <a href="https:<br>
//sp-edge.com/updates/25266"> non-fiction authors </a> filed a lawsuit against Microsoft and OpenAI for copyright infringement.</p>

NVIDIA and Databricks sued over alleged copyright infringement in AI training

Using real-time data to create dynamic virtual representations of the real world

Digital Twin

<div>
 <p>Digital Twin solution provider, inHEART, has raised USD 11 million in a funding round. The round was co-led by Vesalius Biocapital IV and Elaia Partners. Other participants included NACO, Sagana, Sofia Angel Ventures, and other investors.</p>
 <p>inHEART also sourced funds through a crowd equity campaign on Tudigo and received money from the UK-based impact fund Astorg Foundation. Collectively, these fund-raising initiatives have garnered USD 15.2 million for the company.</p>
 <p>The company aims to use the new funds for commercial expansion into the US, EU, Asia-Pacific, and Middle East markets. It also intends to increase development of its AI software solutions designed for various cardiac conditions.</p>
</div>

inHEART raises USD 11 million for commercial expansion

Membership-based, non-insurance healthcare companies helping maintain a steady state of well being.

Preventive Healthcare

<div>
 <p>AI-powered healthcare firm HEALWELL AI, based in Toronto, has announced a bought-deal private placement to raise USD 16 million. This consists of about 12 million units priced at USD 1.35 per share, with closure expected by May 24, 2024, depending on regulatory approvals.</p>
 <p>HEALWELL AI has entered into an agreement with Clarus Securities and Eight Capital, a syndicate of underwriters. Each unit in the agreement consists of a Class A subordinate voting share and half of one common share purchase warrant of the company.</p>
 <p>The company has plans to use the net proceeds from this offering towards its growth strategies and for routine corporate and working capital needs.</p>
 
</div>

HEALWELL AI raises USD 16 Million via bought-deal private placement

Empowering Tomorrow's Innovations with Generative AI Infrastructure

Generative AI Infrastructure

<div>
   <p>Accenture and Oracle have joined hands to create new GenAI solutions for improving financial operations and planning. The partnership will leverage Oracle Cloud Infrastructure's Generative AI for real-time data analysis and advice for finance teams, helping improve decision-making in procurement spend analysis, financial planning, and dynamic scenario planning. Moreover, Accenture's private switchboard will be used to assist customers in choosing foundational models based on cost or accuracy.</p>
</div> <p><b>Analyst QuickTake:<br>
</b> The partnership broadens Accenture’s customer base for its proprietary switchboard (launched in <a href="https:<br>
//sp-edge.com/updates/24557"> November 2023 </a> ). In <a href="https:<br>
//sp-edge.com/updates/27793"> March 2024 </a> , Accenture partnered with AWS and Anthropic to provide its LLM fine-tuning services for Anthropic’s models.</p>

All Updates

Wayve raises USD 1.05 billion in Series C funding led by SoftBank

Wayve raises USD 1.05 billion in Series C funding led by SoftBank

Logility expands GenAI capabilities across digital supply chain platform

Microsoft reportedly develops MAI-1, an in-house AI model

NVIDIA partners with Intrinsic to integrate platform into autonomous robotics

OpenAI partners with Stack Overflow to improve AI performance and expand technical content

NVIDIA and Databricks sued over alleged copyright infringement in AI training

inHEART raises USD 11 million for commercial expansion

HEALWELL AI raises USD 16 Million via bought-deal private placement

Accenture partners with Oracle to build GenAI tools for finance