Shivam Mishra

Walt Disney has set up a new business unit dedicated to coordinating the company's efforts in AI and mixed reality, reported Reuters.

Corporación Multi Inversiones (CMI) has agreed to acquire a majority stake in Del Real Foods, a Hispanic refrigerated foods company.

US-based energy drink maker Celsius Holdings has acquired Big Beverages for $75m to bolster its “innovation and production” capacity.

The deal between Apple and Globalstar includes a $1.1bn cash injection and a 20% equity stake for Apple.

The acquired brand offers a range of Cheddar cheese products. Schuman Cheese, a US-based family-owned business, has acquired Trugman-Nash from local peer Allied Dairy for an undisclosed sum.

The investment was spearheaded by Amazon's Jeff Bezos, with participation from venture capital firms and OpenAI.

The centre will focus on continuing and extending research on AI-driven computational imaging, with applications of smartphone AI imaging at all levels.

SMC will establish a supply arrangement with MVM to ensure a steady supply of mushrooms for distribution in key regions.

The acquisition allows Drizzle Honey to expand into the US market and adds a complementary product line for Wisdom Natural Brands.

The loan will support the “growth of the Flow brand, working capital, and general corporate purposes", the company said.