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C3.ai, which provides a SaaS platform for deploying enterprise AI applications, announced terms for its IPO on Monday.
The Redwood City, CA-based company plans to raise $504 million by offering 15.5 million shares at a price range of $31 to $34. Insider BlackRock and new investor Capital Research Global Investors intend to purchase a combined 20% of shares in the offering. Koch Industries and Microsoft intend to purchase a combined $150 million in a concurrent private placement. At the midpoint of the proposed range, C3.ai would command a fully diluted market value of $4.3 billion.
The company provides SaaS applications that enable the rapid deployment of enterprise-scale AI applications on Azure, AWS, the IBM Cloud, Google Cloud Platform, or on-premise. Its two primary families of software solutions include the C3 AI Suite, which is a comprehensive application development and runtime environment that is designed to allow its customers to
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Vi Had the Fastest 4G Internet In Q3 2020; India Behind Pakistan in Terms of Internet Speed: Ookla
Vi (erstwhile Vodafone Idea) provided for the fastest 4G speeds in India during Q3 2020, according to a report by internet speed test analyst firm Ookla. While Vi had the fastest 4G internet, Reliance Jio led the list in terms of 4G availability. Further, Hyderabad reported the fastest 4G speeds among big Indian cities, and the country trailed behind neighbouring country Pakistan in terms of 4G speeds, the Ookla report said. The report also said that India leads in terms of 4G availability, with 93.7 percent of the tested locations having 4G connectivity.
According to the report by Ookla, Vi saw 13.74mbps average download speeds and 6.19mbps average upload speeds in Q3 2020. Vi was followed by Airtel, which registered 13.58mbps average download speeds, and 4.15mbps average upload
The Agreement Can Help Protect Your Website’s Content
Agile software development is an increasingly popular approach to creating custom software. Through the process of agile development, solutions emerge from combinations of self-organizing, multi-functional teams. Using the agile methodology, businesses actively embrace the unpredictability of the software development lifecycle. The agile methodology promotes an active and flexible response to change, while utilizing project planning, progressive development, timely distribution, and constant improvement.
In the past, many companies implemented a waterfall approach to software development. In the past decade an alternative agile approach has grown in popularity. The waterfall methodology lacked communication and adaptability that is typically required to excel in today’s fast-paced world of product development.
Agile Software Development – 5 Terms To Know
Because a growing number of businesses are implementing an Agile methodology, it’s important to understand the basic terminology associated with this unique approach to software development. Here are 5 terms commonly used during the agile software … Read More