More than a name change: the launch marks the company’s evolution from fractional engineering into a suite of specialized AI agents, directed by senior engineers, that build, run, and maintain software. DevHawk delivers it two ways, with deep experience across a range of industries.

ATLANTA, July 23, 2026 /PRNewswire/ — Fraction, which since 2022 has given 175 companies access to senior US engineers without the cost of building a team, today announced it has evolved into DevHawk, an AI software factory: a suite of specialist AI agents, directed by senior engineers, that build, run, and evolve the software a business depends on. Companies can have DevHawk operate the factory for them, or run the agents with their own team.

“We built Fraction on a belief I’ve bet my whole career on: leverage beats headcount,” said Praveen Ghanta, Founder and CEO of DevHawk. “Small, senior teams with the right tools outbuild big ones, and they grow profitably instead of bloating the org chart. It’s how I built and sold my last company. Same belief now, with a much bigger engine.”

The agents cover the full engineering lifecycle, spanning up to nine disciplines from product and architecture to QA, DevOps, and security. They don’t just write code; they test it, ship it, and keep it running in production. A single senior engineer directing the suite can do work that once required six to ten people, shipping up to 10x faster and at 80-90% less than a traditional team.

DevHawk offers firms two paths, and positions itself as a partner in both. In the managed model, DevHawk’s senior engineers operate the software factory on the client’s behalf. In the self-serve model, a company adds the agents it needs to its own team and runs them, with DevHawk handling onboarding, integration, and ongoing support.

“It’s the best engineers in the game, 10x’d by a suite of specialized AI agents,” said Ghanta. “Run it with us, or we customize the agents and then you run them yourself.”

Since launching the software factory, DevHawk has seen a sharp uptick in demand from traditionally non-technical industries, including construction, logistics, and healthcare. Its deepest roots are in wealth management and fintech, where getting software wrong is not an option. As off-the-shelf tools stop fitting how these businesses run, more are choosing to own their own software rather than keep renting something that doesn’t fit.

“For the first time, every company can afford software built exactly for how they work,” said Ghanta, “instead of bending their business around off-the-shelf tools.”

About DevHawk
DevHawk (formerly Fraction) is an AI software factory. The company helps businesses build, run, and maintain the software they depend on using a suite of specialized AI agents, run by the company’s own team or operated by DevHawk. DevHawk was founded by Praveen Ghanta, a multiple-time founder who previously built and sold the wealth-technology platform HiddenLevers to Orion. Founded as Fraction in 2022 and headquartered in Atlanta, the company has served more than 175 companies across dozens of industries. Learn more at https://www.devhawk.ai.

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SOURCE DevHawk

Applications are now open for Fall 2026.

CHICAGO, July 23, 2026 /PRNewswire/ — Northeastern Illinois University will launch a new Bachelor of Science in Artificial Intelligence beginning in Fall 2026, becoming the first public university in Chicago to offer an undergraduate degree in AI. Applications are open through Aug. 1 for domestic students.

“Designed for students from all backgrounds, the Bachelor of Science in AI program provides a welcoming introduction to artificial intelligence with no prior experience required, while maintaining a clear pathway to advanced, career-ready skills,” said NEIU’s Chair of Computer Science Xiwei Wang, Ph.D. “We believe AI should serve people — not the other way around. Ethical reasoning, fairness and social responsibility are integrated throughout the curriculum, preparing students to develop responsible and impactful AI solutions.”

The new AI major, housed in NEIU’s College of Business and Technology (CBT) within the Department of Computer Science, is designed to balance theory, application and real-world relevance.

Curriculum highlights include:

Foundational courses in programming, mathematics and data structuresCore AI courses such as Artificial Intelligence, Machine Learning and Natural Language ProcessingSupporting coursework in databases, operating systems, data analysis and information processingA writing-intensive software engineering courseEthical AI development, including responsible technology use, awareness of limitations and consideration of public impact.

“Last year, we launched the ‘Artificial Intelligence for All’ course, which enabled students in any major to develop their awareness and literacy around AI through practical and accessible ways,” said Northeastern Dean of the College and Business and Technology Michael Bedell, Ph.D. “Now, as we launch our new major in AI, we are empowering Northeastern Illinois University students not just to learn how to use AI as a tool, but to delve deep into AI — to understand how it works, why it works, and how to keep people at the center of its implementation. Our program will ask students to consider moral and ethical challenges new technology demands that we tackle so our students become more than innovators; they will be leaders with hands-on skills as well as purpose.”

Upon graduation, students will be prepared to work in a variety of fields including AI engineering and development, data and analytics, AI applications and other emerging careers, or continue their education through graduate studies.

“Beyond technical expertise, students will strengthen communication, teamwork and critical thinking skills,” Dr. Wang said. “Our goal is that students will graduate with experience in programming, machine learning, and software development to be ready to contribute to the workforce immediately.”

The University offers scholarships, including NEIU For You, a tuition top-off scholarship that covers the cost of tuition for up to 12 credit hours per semester for qualifying students. It applies after all other federal, state, and institutional grants have been deducted. Learn more about financial aid, admissions requirements and other academic programs by visiting the Admissions webpage.

ABOUT NORTHEASTERN ILLINOIS UNIVERSITY

Northeastern Illinois University offers more than 40 undergraduate degree and certificate programs and more than 50 graduate degree, certificate, licensure and endorsement programs. The Main Campus is located on 67 acres in an attractive residential area on the Northwest Side of Chicago. Founded in 1867, Northeastern is a Minority-Serving Institution and the longest-standing four-year public Hispanic-Serving Institution in the Midwest. The University has additional Chicagoland locations, including the Jacob H. Carruthers Center for Inner City Studies, El Centro and the University Center of Lake County.

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SOURCE Northeastern Illinois University

NYSE issues a pre-market daily advisory direct from the trading floor.

NEW YORK, July 23, 2026 /PRNewswire/ — The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today’s NYSE Pre-market update for market insights before trading begins. 

Ashley Mastronardi delivers the pre-market update on July 23rd

Traders are reacting to escalating tensions in the Middle East.As of 8:00 AM ET, ICE Brent Crude Oil is trading at $99 a barrel.Arkaea Media Group CEO Mo Islam and Decoding Bio Co-Founder Amee Kapadia will join NYSE Live to set the scene for today’s AI x Bio Summit.Similarweb’s Scott Trabucco will join NYSE Live to discuss how the company incorporates data to track signals before and during earnings season.Research uncovers clues tied to online consumer behavior and digital traffic trends.The company’s pre-earnings webinar earlier this month focused on what is considered 36 of the most-watched companies.

Opening Bell
Arkaea Media and Decoding Bio celebrate the 4th Annual AI x Bio Summit

Closing Bell
ProShares highlights IQMMM, ProShares Genius Money Market ETF

For market insights, IPO activity, and today’s opening bell, download the NYSE TV App: TV.NYSE.com

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SOURCE New York Stock Exchange