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Ford Motor and Rivian acknowledged on 19th September that they will no longer collaborate on an electric vehicle. In 2019, when Ford invested $500 million in Rivian, the two companies stated that they were working on a joint vehicle. They then said it would be for Ford's high-end Lincoln brand, but that was cancelled last year. Ford claimed at the time that the manufacturers would continue to seek for new ways to work. Those plans have also been cancelled, according to Ford spokesman Ian Thibodeau. He stated that the company still maintains ties to Rivian, including a 12 percent stake in the start-up, which was valued at more than $10 billion when it went public last week.
Mark Zuckerberg, the co-founder of Facebook and now the CEO of Meta, stated on 15th November that a novel touch sensor and a plastic substance may work together to enable the development of a "metaverse." Meta artificial intelligence experts collaborated with Carnegie Mellon University scientists to develop a malleable plastic "skin" that is less than 3 millimeters thick. The ReSkin material, which is quite inexpensive, contains magnetic particles that form a magnetic field. The magnetic field from the implanted particles varies when the skin comes into touch with another surface. The sensor monitors the change in magnetic flux before transmitting the information to artificial intelligence algorithms that tries to figure out what force or touch was used.
Blue Prism, a British software company, announced on SEP 28 that it has reached an agreement with private equity firm Vista Equity Partners to be acquired for £1.1 billion ($1.5 billion) in cash. Vista will pay each shareholder £11.25 per share, a 35 percent premium over the business's recent closing price of £8.32, according to Blue Prism, a company that specialises in software robots that automate monotonous jobs. It's the latest in a long line of private equity investments in publicly traded software firms. Proofpoint agreed to a $12.3 billion sale to Thoma Bravo earlier this year, while Cloudera is being purchased by KKR and Clayton, Dubilier & Rice.