Newspaper printer Novus pivots with big AI investment

  • 📰 TechCentral
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 71%

Novus News

Canada Canada Latest News,Canada Canada Headlines

JSE-listed Novus Holdings, best known as an industrial printing and packaging operation, has bought a stake in an AI company.

which is best known as an industrial printing and packaging operation, is pivoting into artificial intelligence.

“This investment from Novus Holdings will enable us to scale our solutions and bring AI-driven innovation to more sectors,” said Bytefuse CEO Greg Newman in a statement on Friday. The size of the stake was not disclosed. Bytefuse’s technology is based on the experience of a team of AI specialists led by Prof Etienne Barnard, who has a PhD in AI from Carnegie Mellon University “where some of the leading thinkers in AI were lecturing and working at the time”.“Etienne’s 35 years of experience means he understands the building blocks of AI. When issues arise, he can address them at a fundamental level. The team we started assembling in 2020 has been vetted and established by Etienne.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Caxton to oppose Media24’s sale of its distribution business to NovusCaxton plans to head to Competition Commission; says Media24 restructuring could have 'serious competition and public interest concerns' and
Source: TheCitizen_News - 🏆 6. / 75 Read more »