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News
RUM Group signs six-year $13.7bn GPU services contract
13+ hour, 15+ min ago (429+ words) Cloud customer granted option on up to 50.81 million RUM Group shares as multi-phase GPU contract is confirmed. RUM Group, which hosts the Truth Social platform associated with US President Donald Trump, has entered into a six-year agreement worth approximately $13.7bn with…...
TCS to acquire Porsche’s MHP subsidiary in $373m deal
14+ hour, 56+ min ago (504+ words) The companies agree on five-year partnership as MHP acquisition aims to advance AI across Porsche’s operations and value chain. Tata Consultancy Services (TCS) has agreed to acquire MHP Management- und IT-Beratung, a management and IT consulting subsidiary of Porsche, for…...
XPeng robotics valued at $6.3bn after $900m capital raise
14+ hour, 35+ min ago (624+ words) Proceeds will fund robotics research, production facilities and global expansion before planned 2027 deliveries. XPeng, a China-based Physical AI company, has raised over $900m for its robotics business, achieving a post-money valuation of more than $6.3bn. The fundraising round was described as the…...
Rapidus to receive $944 allocation from Japanese government for AI chip manufacturing
1+ day, 12+ hour ago (314+ words) The company aims to boost domestic chip output and develop 2nm technology amid state-backed funding plans. Chip manufacturer Rapidus is to receive an additional Y150bn ($941m) from the Japanese government in a move to strengthen the country’s semiconductor sector, reported Bloomberg. The funding…...
Advantech introduces industrial vision AI solutions with IQ-9075
1+ day, 15+ hour ago (424+ words) The new platforms could provide up to 100 TOPS AI performance and support 16 concurrent cameras for vision intelligence. Advantech has unveiled new edge AI solutions based on the Qualcomm Dragonwing IQ-9075 processor, including the AOM-6741 SMARC module, ASR-A503 and AFE-A503 robotic…...
Nvidia opens talks with Rebellions on potential AI chip partnership
1+ day, 15+ hour ago (318+ words) The talks follow a meeting last week between Nvidia CEO Jensen Huang and Rebellions co-founder and CEO Sunghyun Park. Nvidia has entered early-stage discussions with Rebellions, a South Korean startup focused on AI chips, on several possible forms of collaboration,…...
Progress Software adds AI capabilities to Telerik and Kendo UI release
4+ day, 16+ hour ago (446+ words) The update also enables AI agents to process documents and interact with application interfaces, and supports automated WinForms modernisation. Progress Software has announced a new release of its Progress Telerik and Progress Kendo UI suites, adding AI-driven tools for user…...
Micron to launch US memory research lab with $10bn investment
4+ day, 13+ hour ago (344+ words) The new research hub aims to advance memory technology and AI with a decade-long funding plan. Micron Technology has announced plans to establish Micron Research Labs, a new research institution in the US backed by a planned $10bn investment over the…...
Tech Mahindra, ServiceNow expand partnership to advance enterprise AI
4+ day, 15+ hour ago (324+ words) Tech Mahindra and ServiceNow have announced an expansion of their partnership, outlining a multi-year plan designed to support enterprises as they progress from small-scale AI pilots to adopting AI solutions at production scale. Both companies will combine their respective technological…...
European data centres are in a race for cheap energy and land
5+ day, 11+ hour ago (439+ words) The rapid growth of AI is changing where data centres are being built, with access to land and electricity increasingly important. The artificial intelligence (AI) boom has changed the face of the technology industry. As well as sparking a rush…...