<div>
  <ul>
    <li>
      <p>
        Wiz, which received a 
        <a href="https://sp-edge.com/updates/31780">
          USD 23 billion acquisition offer
        </a>
         from Alphabet last week, has turned down the deal according to reports from Bloomberg and the Wall Street Journal.
      </p>
    </li>
    <li>
      <p>
        Instead of accepting Alphabet's offer, Wiz plans to continue operating independently and is eyeing an initial public offering (IPO). The company aims to achieve USD 1 billion in annual recurring revenue before going public.
      </p>
    </li>
    <li>
      <p>
        <b>Analyst QuickTake: </b>
        Alphabet&rsquo;s interest in Wiz aimed to complement its Mandiant acquisition over two years ago as it tried to consolidate its presence in the cybersecurity space. Had the Wiz deal gone through, it would have marked Alphabet&rsquo;s largest-ever acquisition, dethroning its (short-lived) 2012 Motorola Mobility acquisition for USD 12.5 billion.
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://www.bloomberg.com/news/articles/2024-07-23/cyber-firm-wiz-rejects-alphabet-s-23-billion-offer-seeks-ipo">
      Bloomberg
    </a>
  </p>
  <p>
    <a href="https://finance.yahoo.com/news/cyber-firm-wiz-rejects-alphabet-023911229.html">
      Yahoo Finance
    </a>
  </p>
</div>


Next-gen Cybersecurity

ANALYST_QUICK_TAKE

INCUMBENTS_PRESENT

<div>
 <p>Wiz, the recipient of a <a href="https://sp-edge.com/updates/31780"> USD 23 billion acquisition offer </a> from Alphabet, has reportedly rejected the deal as per Bloomberg and the Wall Street Journal.</p>
 <p>The company chooses to maintain its independence rather than accepting Alphabet's proposal and is considering an initial public offering (IPO). Wiz's goal is to reach USD 1 billion in yearly recurring revenue prior to launching an IPO.</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> Alphabet’s interest in Wiz aimed to complement its Mandiant acquisition over two years ago as it tried to consolidate its presence in the cybersecurity space. Had the Wiz deal gone through, it would have marked Alphabet’s largest-ever acquisition, dethroning its (short-lived) 2012 Motorola Mobility acquisition for USD 12.5 billion.</p>

Wiz rejects Alphabet's USD 23 billion acquisition offer; eyes IPO instead

Leveraging personal data for custom-fit diagnosis and treatment

Precision Medicine

PROMINENT_CATEGORY

<div>
 
 <p>Myriad Genetics has collaborated with Flatiron Health to incorporate the MyRisk Hereditary Cancer Test into Flatiron's OncoEMR electronic medical record platform. This integration is designed to streamline the processes of ordering, receiving, and reviewing test results from MyRisk on the OncoEMR system, presently used by over 800 cancer care facilities across the US.</p>
 <p>This new workflow aims to improve the availability and usefulness of genetic testing, eliminate administrative obstacles, and accelerate the delivery of test results. Myriad Genetics and Flatiron Health are intending to increase the compatibility of additional genomic testing solutions with the OncoEMR platform in the future.</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> The MyRisk Hereditary Cancer Test was first launched in 2013, and in <a href="https:<br>
//sp-edge.com/updates/20374"> July 2023 </a> , the company relaunched the test with Risk Score, using Tyrer-Cuzick version 8 (TCv8) to estimate breast cancer risk based on clinical factors, family history, and breast density. It was expected to help provide more personalized patient care and improve the detection of breast cancer in its early stages, with the addition of the polygenic risk score (PRS) further enhancing risk stratification and allowing more tailored risk reduction.</p>

Myriad Genetics and Flatiron Health partner to integrate MyRisk test into OncoEMR platform

Technologies bringing about a new reality

Extended Reality

<div>
 <p>The US Navy has initiated a new T-45C Goshawk mixed reality simulator named Project Link, designed for training student pilots. Utilizing a blend of physical and virtual cockpit elements, Project Link offers an immersive training experience.</p>
 <p>The simulation system closely mimics the actual T-45C Goshawk cockpit and utilizes head-mounted display systems for visual projection. The Navy claims that this innovative mixed reality trainer could potentially supplement operational flight trainers and even replace some of the larger, costlier visual projector systems currently in use for pilot training.</p> 
</div> <p><b>Analyst QuickTake:<br>
 </b> The use of XR for pilot training has been well documented, with startups such as <a href="https:<br>
//sp-edge.com/companies/495343"> Vrgineers </a> and <a href="https:<br>
//sp-edge.com/companies/1061172"> Red 6 </a> being key players in the space. The NYU Tandon School of Engineering also announced "HuBar," a visual analytics tool designed to provide <a href="https:<br>
//techxplore.com/news/2024-10-tool-mental-workload-augmented-reality.html"> insight </a> into a pilot's behavior and mental status in AR training environments.</p>

US Navy introduces T-45C Goshawk mixed reality simulator

Using data and automation to achieve 24/7 production.

Smart Factory

<div>
 <p>Rockwell Automation is collaborating with ground robot manufacturer, Taurob, to create robotic solutions for autonomous industrial operations. This partnership intends to offer comprehensive robotic automation solutions. It will encompass Rockwell's proficiency in automation and digital twins along with Taurob's ATEX-certified robots.</p>
 <p>These solutions will aid industrial organizations to automate inspection and maintenance tasks, augment safety, decrease operational expenses, and advance production efficiency in perilous environments like oil and gas sectors, mining, and chemical facilities.</p>
 
</div>

Rockwell Automation partners with Taurob to provide robotic solutions for industrial operations

Additive manufacturing makes objects by systematically adding material via a CAD program

Additive Manufacturing

<div>
 <p>Formlabs, a company that provides additive manufacturing solutions, has introduced two new large-format stereolithography (SLA) 3D printers: Form 4L and Form 4BL.</p>
 <p>The Form 4L is priced at USD 9,999 and boasts a build volume that is nearly 5 times larger than that of the Form 4. It also has print speeds that can reach up to 80 mm per hour, and it's compatible with more than 23 materials. The printer comes with new accessories including a resin mixer, a resin tank, a build platform, a resin pumping system, a finishing kit, and a Form Wash L for post-processing.</p>
 
</div> <p><b>Analyst QuickTake</b> :<br>
 Formlabs has been steadily ramping up its product development in the SLA and SLS printing space since <a href="https:<br>
//sp-edge.com/updates/28615"> releasing the initial version of the Form 4 printer </a> around months ago. In July, It <a href="https:<br>
//sp-edge.com/updates/31457"> acquired Micronics </a> , a 3D printer startup, to integrate its team and leverage its expertise in developing SLS 3D printers. It then went on to <a href="https:<br>
//sp-edge.com/updates/33356"> launch a number of new resins and SLA and SLS post-processing tools </a> in September. Notably, this trend of SLA and SLS technology development can be observed across other players in the additive manufacturing industry, with disruptors such as <a href="https:<br>
//sp-edge.com/updates/31558"> Fugo Precision </a> and <a href="https:<br>
//sp-edge.com/updates/33440"> Stratasys </a> launching new SLA-focused products over the last six months.</p>

Formlabs launches Form 4L large-format SLA 3D printer

Foundation Models

<div>
 <p>A partnership has been formed between AI model developer Bria AI and Amazon to incorporate Bria AI's models, namely Bria 2.3, 2.2 HD, and 2.3 Fast into Amazon SageMaker JumpStart. These AI models, which are trained on commercially licensed data, can be deployed and utilised in AWS Regions that offer SageMaker JumpStart.</p>
 <p>Illustrating diversity, the Bria model family includes Bria 2.3 formulated for high-quality photorealistic image production, Bria 2.2 HD aimed at producing high-definition visual content, and Bria 2.3 Fast designed for swift image generation.</p>
 <p>Supporting enterprise solutions, Bria AI offers GenAI models which developers can tailor based on specific requirements. For seamless integration with enterprise applications, the company also provides API suits. Moreover, with a focus on responsible technology use, Bria AI asserts its commitment to providing legally safe, trained enterprise solutions.</p>
 
</div>

Bria AI adds text-to-image models on Amazon SageMaker JumpStart

Exploring the limitless possibilities of AI

Generative AI Applications

<div>
 <p>The New York Times (NYT) has sent a cease-and-desist letter to Perplexity AI, demanding that the company stop accessing and using its content for AI-generated summaries and other outputs without a license.</p>
 <p>The NYT argues that Perplexity's use of its journalism violates copyright laws and has "unjustly enriched" the AI company.</p>
 <p>Perplexity CEO Aravind Srinivas expressed interest in working with the NYT, claiming that the company indexes web pages and surfaces factual content as citations rather than scraping data for foundation models.</p>
</div> <p><b>Analyst QuickTake:<br>
</b> This action follows a similar lawsuit the newspaper filed against <a href="https:<br>
//www.nytimes.com/2023/12/27/business/media/new-york-times-open-ai-microsoft-lawsuit.html"> OpenAI </a> for using its content to train ChatGPT without consent. The incident highlights ongoing tensions between news publishers and AI companies over content usage, with Perplexity recently announcing a revenue-sharing program to address some publishers' concerns.</p>

The New York Times demands Perplexity AI stop using its content

<div>
 <p>At its MAX conference, Adobe, a developer of creative tools, has previewed three AI tools, referred to as "Sneaks." These tools are designed for automating complex tasks in content creation across various mediums.</p>
 <p>The showcased tools include Project Scenic, Project Motion, and Project Clean Machine. Project Scenic allows for generating 3D scenes and controlling object placement for 2D image generation. Project Motion aids in creating animated graphics that can be customized. Project Clean Machine works by automatically removing distractions from images and videos, while maintaining color and lighting consistency.</p>
 <p>Furthermore, Adobe introduced Project Super Sonic, designed for generating sound effects for videos.</p>
 
</div>

Adobe previews AI tools for 3D scenes, text animation, and video editing

<div>
 <p>Anthropic has revised their Responsible Scaling Policy, introducing new safety norms and risk management metrics for controlling dangers linked to powerful AI models. It highlights the incorporation of safety precautions to avert misuse and securing that AI functionalities comply with permissible risk standards. Companies using Anthropic's API for products targeting minors must now comply with particular safety features and reveal the usage of AI systems to users.</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> The emphasis on safety measures aligns with the growing scrutiny from regulators, consumers, and stakeholders regarding the ethical implications and potential misuse of AI technologies. By requiring organizations to use its API to implement specific safety features, particularly for products targeting minors, Anthropic is reinforcing its commitment to responsible AI deployment.</p>

Anthropic updates AI safety policy

<div>
 
 <p>Tencent has invested USD 30 million in the Hong Kong-based company Insighta, known for its focus on early cancer detection technology. This strategic investment by Prenetics aims to improve the accuracy and accessibility of early cancer detection through the use of AI. The company plans to utilize Insighta's proprietary technology, FRAGMA, which detects DNA methylation aberrations in cell-free DNA for noninvasive cancer detection. Trials are currently underway in mainland China, with commercialization expected in the future.</p>
 <p>Prenetics Global, based in Hong Kong, operates through three primary units: CircleDNA, Insighta, and ACT Genomics. These units provide comprehensive consumer DNA testing services, develop multi-cancer early detection technologies, and offer precision oncology tests, respectively. The goal is to provide insights into genetic predispositions, devise personalized wellness plans, and simplify blood tests for detecting multiple cancer types at early stages.</p>
 
</div>

Prenetics' Insighta receives USD 30 million from Tencent to advance early cancer detection technology

<div>

 <p>Codetta Bio has teamed up with non-profit organization RTI International in a strategic partnership designed to push forward healthcare innovations. The collaboration is set to leverage Codetta's technology to enhance the examination of diverse datasets for superior healthcare research. With this alliance, Codetta plans to grow its operations and introduce new biomarker assays bolstered by the investment.</p>
 <p>The collaboration carries the prospect of boosting RTI's scientific exploration abilities and shaping the future landscape of precision medicine and healthcare in general.</p>

</div>

All Updates

Wiz rejects Alphabet's USD 23 billion acquisition offer; eyes IPO instead

Myriad Genetics and Flatiron Health partner to integrate MyRisk test into OncoEMR platform

US Navy introduces T-45C Goshawk mixed reality simulator

Rockwell Automation partners with Taurob to provide robotic solutions for industrial operations

Formlabs launches Form 4L large-format SLA 3D printer

Bria AI adds text-to-image models on Amazon SageMaker JumpStart

The New York Times demands Perplexity AI stop using its content

Adobe previews AI tools for 3D scenes, text animation, and video editing

Anthropic updates AI safety policy

Prenetics' Insighta receives USD 30 million from Tencent to advance early cancer detection technology

RTI International partners with Codetta Bio to advance precision medicine and healthcare innovation

Next-gen Cybersecurity

Wiz rejects Alphabet's USD 23 billion acquisition offer; eyes IPO instead

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