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AI & Enterprise

Fasoo AI declares shift to AX solutions, steps up push into U.S. market

South Korean data security company Fasoo has changed its name to Fasoo AI and declared it will become an AI transformation (AX) solutions company. CEO Gyu-gon Cho (조규곤) said the company aims to support sustainable, agent-centric AX that delivers measurable returns. Fasoo introduced three AX stages and highlighted risk management for agents and AI-driven hacking threats. It also unveiled three platforms, including Ellm, Wrapsody and Sparrow, and said it will restructure its U.S. unit into Symbologic, targeting profitability by late next year.

AI & Enterprise

Commvault reviews sale options after receiving bids

Data protection and recovery company Commvault is considering a sale after receiving multiple acquisition proposals, Reuters reported on April 14, citing sources. Commvault has hired Goldman Sachs as adviser and is reviewing its options. Private equity firms and strategic investors have shown interest, and Thoma Bravo has made an offer, the report said. Timing and size of bids were not disclosed. Commvault has a market value of about $3.5 billion.

AI & Enterprise

Nvidia denies rumours of buying major PC makers like Dell and HP

Nvidia denied a report that it had been in talks for more than a year to acquire a major PC maker such as Dell or HP. The rumour originated from a report by semiconductor-focused outlet SemiAccurate, which did not name a target but prompted market speculation about Lenovo, Dell, HP, Asus and Acer. Dell shares rose about 6.7 percent and HP shares gained more than 5.3 percent before giving back gains. Nvidia said it is not in acquisition discussions with any PC maker.