Cadence (NASDAQ:CDNS) signs a definitive agreement to acquire the high-frequency RF EDA software technology company from National Instruments Corporation (NATI -2.1%).
CDNS will pay $160M in cash at closing and expects 110 AWR employees to join the company.
The deal is expected to close in Q1 2020.
U.S. District Judge Edward Davila in San Jose, California rejects Apple’s (AAPL -1%) bid to throw out a class-action lawsuit related to the “butterfly” keyboards on MacBooks, which users say were prone to failure.
The suit claims Apple’s troubleshooting program didn’t provide an “effective fix” for the defects. Judge Davila says Apple has to face those claims or fully repay customers for out-of-pocket expenses during the repair process.
The case covers MacBook models from 2015 and later and MacBook Pros from 2016.
Last month, Apple unveiled a new MacBook Pro model with a “Magic” keyboard design, abandoning the butterfly style.
AWS (NASDAQ:AMZN) unveils the Amazon Braket quantum computing service.
The fully managed service gives customers access to quantum hardware from three startups (D-Wave Systems, IonQ, and Rigetti Computing).
Rival IBM (IBM -0.9%) has offered cloud service to its own quantum hardware since 2016.
Amazon also announces the AWS Center for Quantum Computing adjacent to the California Institute of Technology and the Amazon Quantum Solutions Lab, which connects AWS customers with quantum computing experts from AMZN and select partners.
Amazon (AMZN -1.6%) introduces the machine learning-backed virtual medical scribe at the AWS re:Invent event.
Transcribe Medical provides real-time transcribing for doctor-patient interactions and places the transcription into the medical record. Unlike many voice transcription services, doctors don’t have to say punctuation commands like “comma” or “full stop.”
The completed transcription can be fed downstream to ER systems or AWS services like AWS Comprehend Medical.
Transcribe Medical is HIPAA compliant and scales with the user’s needs, meaning paying for what’s actually needed instead of a licensing fee.
Amazon Transcribe Medical is now available for AWS customers in the United States.
Accenture (NYSE:ACN) acquires the Australian consultancy for undisclosed terms.
Apis Group provides strategic advisory, digital design, and delivery services to government organizations.
The firm was established in 1999 and employs more than 120 professionals.
In FY19, Accenture invested nearly $1.2B on 33 acquisitions around the world.