Boston-based cybersecurity company Rapid7, valued at roughly $2.5 billion, is exploring acquisition options after attracting interest from private equity firms. Working with investment advisors Goldman Sachs and JPMorgan, the firm is reportedly in early discussions with major private equity groups, including Advent, Bain Capital, and EQT. Sources suggest that while talks are ongoing, Rapid7 may ultimately decide against a sale.
The company, a provider of vulnerability management tools helping organisations assess and monitor cybersecurity risks, has been under increased pressure to consider a sale. Activist investor Jana Partners recently acquired a 5.8% stake in Rapid7, urging it to explore strategic options as it faces strong competition from larger players like Tenable and Qualys.
Rapid7 has seen its shares fall around 32% this year amid rising challenges in the cybersecurity market, as clients cut back on spending due to economic pressures. However, news of a potential sale lifted the company’s stock by over 4% on Monday. Interest in cybersecurity acquisitions remains strong, with private equity firms actively pursuing opportunities in the sector, highlighted by major deals such as Advent’s $14 billion acquisition of McAfee in 2021 and Vista Equity’s $4.6 billion buyout of KnowBe4 last year.
OpenAI is collaborating with Broadcom and TSMC to develop its first custom-designed chip, while supplementing its infrastructure with AMD chips alongside those from Nvidia to meet high computing demands. OpenAI initially considered establishing its own chip-manufacturing network but set the idea aside due to costs and time requirements. Instead, the company is focused on partnerships and in-house chip design to reduce costs, similar to strategies from industry giants like Amazon, Google, and Microsoft.
Broadcom’s stock rose 4.5% following news of the collaboration, while AMD shares gained 3.7%. The partnership will leverage Broadcom’s experience in fine-tuning chip designs for manufacturing and secure production capacity with TSMC, aiming for the first in-house chips by 2026. OpenAI’s increased use of AMD chips on Microsoft’s Azure platform underscores the growing competition Nvidia faces in the AI chip market, where it currently holds over 80% market share.
With soaring expenses from training and deploying models, OpenAI is seeking to streamline operations and cut compute costs. Nvidia remains an essential partner for OpenAI’s advanced Blackwell GPUs, even as OpenAI expands its chip sourcing to support more affordable, efficient AI development.
LinkedIn has introduced its first AI agent, Hiring Assistant, designed to automate many of the time-intensive tasks recruiters face, such as drafting job descriptions, identifying candidate matches, and handling initial outreach. Initially available to a select group of large enterprises, including AMD, Siemens, and Zurich Insurance, Hiring Assistant is expected to expand to more users in the coming months. By automating repetitive tasks, LinkedIn aims to free up recruiters to focus on higher-impact aspects of their jobs.
Built using LinkedIn’s data from over 1 billion users and backed by Microsoft’s OpenAI partnership, Hiring Assistant can refine job requirements based on existing listings, generate candidate pools, and filter applicants by skills rather than traditional markers like location or education. This AI assistant is part of LinkedIn’s broader push to integrate AI into its platform, following similar tools for resume and profile optimisation, career coaching, and job search support.
In its current iteration, Hiring Assistant is already making strides in streamlining recruiting, with plans for future updates to handle interview scheduling, candidate follow-ups, and more. LinkedIn, which has seen AI-driven growth in its premium subscription base, views Hiring Assistant as a key product in its business offerings for recruitment professionals, aiming to enhance LinkedIn’s impact in the hiring sector.
Nvidia-backed biotech firm Iambic Therapeutics has introduced Enchant, an AI model that aims to reduce the time and cost of drug development. Enchant, trained on extensive pre-clinical data, is designed to predict a drug’s early performance with impressive accuracy. In Iambic’s studies, Enchant achieved a 0.74 accuracy score in predicting drug absorption in the human body, compared to previous models which peaked at 0.58. This predictive power could help pharmaceutical companies identify promising drugs sooner, significantly cutting down on failed late-stage trials.
According to Iambic’s co-founder Fred Manby, Enchant could potentially slash development costs by half, as researchers could more accurately assess a drug’s success at the earliest stages. Nobel laureate and Iambic board member Frances Arnold also highlighted Enchant’s unique capabilities, noting that unlike models like Google DeepMind’s AlphaFold, which focus on molecular structure, Enchant evaluates pharmacokinetic and toxicity properties crucial to drug success.
With Enchant, Iambic is poised to set a new standard in the pharmaceutical industry by addressing some of the biggest hurdles in drug development, including high costs and late-stage failures. The AI technology’s rollout could mark a major shift, making drug discovery both faster and more efficient for a variety of treatments.
A new fashion platform, Aesthetic, is launching with a mission to become the ‘Shazam for clothes.’ Using AI-powered technology, the company offers a service called Alma that helps users identify clothing they spot on social media. By sending a post link to Aesthetic via TikTok or Instagram, users are directed to the brand’s website, where they can shop for the outfit or save it to a Lookbook collection.
CEO LJ Northington was inspired to create Aesthetic after noticing a lack of tech innovation in e-commerce. His initial ideas for personal shopping didn’t quite work until he realised that analysing social media feeds could reveal personal style preferences. Northington believes his platform allows users to engage with fashion inspiration without leaving their favourite apps.
Aesthetic is also exploring ways for creators and brands to monetise their styles through personalised pages. Northington mentioned discussions with record labels about allowing artists to promote their trends, such as Beyoncé’s silver-inspired looks for her ‘Renaissance’ tour or Charli XCX’s neon-green fashion from Brat Summer.
The app has attracted funding from Zeal Capital and Slow Capital, with further support from Google Cloud’s AI startup programme. Northington aims to achieve profitability through efficient use of AI. His background includes business development for Westbrook and a psychology degree from Harvard, which has shaped his approach to understanding consumer behaviour.
Coinbase users in the UK and US can now fund their accounts instantly using eligible Visa debit cards, following a recent partnership with Visa. This integration, announced on 29 October, allows customers to deposit funds in real-time through the Visa Direct network, providing flexibility for those looking to quickly respond to crypto market changes.
The new feature is set to simplify access to trading funds by reducing traditional wait times associated with crypto funding. With Visa Direct, Coinbase users can now top up their accounts or make crypto purchases almost instantly, while also benefiting from instant cash-outs to bank accounts, minimising delays on major transactions.
The partnership further underscores Visa’s growing involvement in the crypto sector. Earlier in October, Visa also launched its Tokenized Asset Platform, enabling banks to manage fiat-backed tokens, including stablecoins. BBVA, a major Spanish bank, is set to trial this platform on the Ethereum blockchain in 2025, marking a significant step in Visa’s broader blockchain strategy.
Morocco’s Panafsat and Thales Alenia Space have signed a memorandum of understanding (MoU) to build a high-capacity satellite telecommunications system to advance digital connectivity across 26 African countries, including 23 French-speaking nations. Signed during French President Emmanuel Macron’s state visit to Morocco, the agreement underscores the deepening partnership between France and Morocco.
Once in orbit, the satellite will provide very high-throughput services (VHTS) to around 550 million people across a vast area of 12 million square kilometres, addressing connectivity needs in underserved and remote regions. This project supports the digital transformation goals in programs like Digital Economy for Africa (DE4A) and Digital Morocco 2030, fostering economic growth and expanding access to essential services for governments, businesses, and communities across Africa.
Beyond meeting immediate connectivity needs, this initiative also positions Morocco as a digital leader in Africa as it prepares to co-host the 2030 FIFA World Cup. Morocco is demonstrating a commitment to modernisation and readiness for future growth by enhancing its technological infrastructure and bridging the digital divide. The collaboration with Thales Alenia Space empowers Morocco’s digital economy and contributes to broader efforts to create an interconnected and technologically resilient continent.
T-Cell and UNICEF have partnered to enhance parental support and create meaningful employment opportunities for youth in Tajikistan. Central to this collaboration is promoting the Bebbo parenting app, which equips parents with essential information on child health, immunisation, and early childhood development for children under six.
T-Cell seeks to empower parents with the knowledge necessary to give their children the best possible start in life by improving access to this app. The partnership also includes awareness campaigns targeting T-Cell’s parent customers to ensure that vital resources are effectively communicated and utilised.
Additionally, UNICEF’s establishment of six Impact Sourcing Hubs nationwide provides outsourced job options specifically tailored for young people. T-Cell will enhance the IT infrastructure of these hubs and offer insights into job prospects within the telecommunications sector, guiding young Tajiks in exploring relevant career paths.
This collaborative effort addresses the immediate needs for parental support and youth employment and contributes to the long-term economic empowerment of the youth in Tajikistan. By aligning their resources and expertise, T-Cell and UNICEF are making strides toward building a more supportive environment for families and a sustainable future for young people in the region.
Orange Middle East and Africa has announced a strategic partnership with Mastercard to expand mobile financial services across Sub-Saharan Africa, targeting seven countries – Cameroon, Central African Republic, Guinea-Bissau, Liberia, Mali, Senegal, and Sierra Leone. The collaboration seeks to address the financial inclusion challenge in Africa, where only 48% of the adult population is banked, by empowering underserved communities and providing them with the financial tools they need.
Orange Money customers will have access to virtual and physical debit cards linked to their wallets, facilitating seamless transactions with local merchants and online platforms accepting Mastercard. With over 160 million customers and 37 million active Orange Money accounts, Orange is crucial in enhancing financial inclusion and offering accessible financial solutions. That partnership also underscores Mastercard’s commitment to advancing financial inclusion through technology, strengthening its position as a trusted technology partner for telecom companies in the region while aligning with Orange’s strategy to provide efficient payment solutions.
The collaboration represents a significant step toward unlocking digital financial services for millions across Africa and emphasises the region’s potential for innovation and economic independence. By leveraging their combined expertise, both companies aim to support growth, drive digital transformation, and contribute to a more inclusive financial landscape, ultimately enabling individuals to engage more effectively in the economy.
Kenya partners with Google to enhance its digital infrastructure and empower its citizens in the evolving digital economy. The collaboration aims to create a robust digital ecosystem that meets current technological needs while anticipating future demands.
Kenya seeks to empower decision-makers with real-time insights by utilising AI and data-driven technologies, enhancing operational efficiency and facilitating effective governance. A key focus of the partnership is revitalising the tourism sector through Google’s technology, attracting more international visitors and showcasing the country’s unique landscapes, wildlife, and cultural heritage.
Additionally, prioritising cybersecurity measures is critical to building trust among citizens and ensuring a secure digital environment. The initiative will also promote skills training to equip Kenyans with essential digital competencies, fostering innovation and creativity while contributing to the overall growth of the nation’s economy.
Through this partnership, Kenya addresses immediate technological needs and lays a foundation for sustainable development in the digital space. By enhancing digital literacy and integrating advanced technologies, the collaboration positions Kenya as a leader in the region’s technological landscape.
Why does it matter?
The comprehensive approach ensures that as the digital economy expands, citizens are well-prepared to navigate the challenges and opportunities that arise, ultimately driving growth and resilience in the face of rapid technological advancements.
