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Newspaper printer Novus pivots with big AI investment

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Novus Nyheter

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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.

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