The global artificial intelligence (AI) market in the automotive sector is set to thrive, with an estimated compound annual growth rate (CAGR) of 15.6% from 2024 to 2034. Transparency Market Research forecasts that the market will reach approximately US$ 13.0 billion by the end of this period. Key drivers of this growth include the rise of edge computing, the demand for AI-powered cybersecurity solutions, and the integration of AI in design and manufacturing processes.
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Vehere, a global cybersecurity company, is set to participate in GITEX Global 2024, the world's largest and most acclaimed technology event, from October 14–18, 2024, in Dubai. As part of its mission to conquer new heights in cybersecurity, Vehere will showcase its innovative AI Network Security technology, serving as a "Second Line of Defense" to protect corporate networks against advanced cyber threats.
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Extreme Networks Inc., a cloud networking leader, has appointed David Nuti as Head of Security Sales. With his extensive background in cybersecurity, Nuti is set to accelerate Extreme’s expanding security initiatives and contribute to the company’s growth in the industry.
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Cyber Grant Inc., a prominent cybersecurity company, has named Stephen Akridge, co-founder of the Solana blockchain ecosystem, as its new CEO. Solana, known as one of the world’s top five cryptocurrencies, has reached a market cap of up to $80 billion. With Akridge’s appointment, Cyber Grant aims to scale globally and reinforce its position in the cybersecurity industry.
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The National Cybersecurity Alliance (NCA) and the Cybersecurity and Infrastructure Security Agency (CISA) have officially launched the 21st annual Cybersecurity Awareness Month with the theme, "Secure Our World." As cyber threats evolve in tandem with technological advancements, this year’s campaign focuses on AI-driven risks and the urgent need to safeguard digital lives through collective action.
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reAlpha Tech Corp., a leading real estate technology company, has announced its first investment in Xmore AI, marking a significant milestone for its newly launched initiative, reAlpha AI Labs. This research and development program focuses on accelerating AI technologies that can innovate and enhance the real estate industry.
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As Cybersecurity Awareness Month approaches, Calian Group Ltd. has announced a strategic partnership with Microsoft to enhance its cybersecurity capabilities by adopting Microsoft Sentinel, a leading cloud-native security information and event management (SIEM) solution. This collaboration is set to solidify Calian’s position in Canada and the U.S. cybersecurity markets, offering customers comprehensive threat protection powered by cutting-edge AI technologies.
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Persistent Systems, a leader in Digital Engineering and Enterprise Modernization, announced its acquisition of Arrka, a Pune-based company known for its expertise in data privacy and AI governance. This move is set to significantly enhance Persistent's platform-driven services, especially in digital governance areas like data privacy and cybersecurity.
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Cyble, a global leader in cybersecurity and threat intelligence, proudly announces its recognition in G2's Cybersecurity Fall 2024 badges, winning 13 honors across multiple categories. G2, the largest and most trusted software marketplace, evaluates companies based on genuine customer reviews, user satisfaction, and market presence. These achievements reflect Cyble’s leadership in addressing evolving cybersecurity challenges and delivering state-of-the-art solutions to organizations worldwide.
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