SAN FRANCISCO: Factory Inc. announced Tuesday the release of Droids, a new class of AI software development agents, following the product’s top ranking on the Terminal Bench, a standard industry benchmark. The company also announced it has raised $50 million in a Series B funding round led by NEA and Sequoia Capital, with participation from…
LONDON: Perseus Motor Corporation, Europe’s first AI-native electric vehicle brand, announced a strategic alliance Tuesday with software-defined vehicle leader SODA.Auto to co-develop what they term the world’s most advanced artificial intelligence-powered Human-Machine Interface (HMI). The partnership aims to create a vehicle that learns and adapts to its driver’s habits and emotional state, moving beyond traditional…
HELSINKI: Finnish technology firm Bittium said on Tuesday it has acquired a 24.9% stake in artificial intelligence company MarshallAI (Kradient Intelligence Oy) through a directed share issue, aiming to bolster its software-driven AI capabilities across defense, medical, and engineering segments. The strategic investment aligns with Bittium’s long-term roadmap to develop embedded AI solutions, particularly for…
Artificial intelligence startup Cognition said on Monday it had raised $400 million in a funding round led by Peter Thiel’s funded Founders Fund, valuing the company at $10.2 billion, including the fresh capital. The San Francisco-based firm, known for its AI software engineer Devin, gained prominence in July after acquiring Windsurf, a rival startup whose…
SAN FRANCISCO: Nvidia reported better-than-expected earnings and revenue on Wednesday, signaling to Wall Street that the demand for artificial intelligence infrastructure remains robust, despite a slowdown in its key data center segment. The company’s stock, which has seen a 35% increase this year after nearly tripling in 2024, slipped in extended trading after data center…
MINNEAPOLIS: Datasite, a global software-as-a-service provider specializing in artificial intelligence-powered solutions for mergers and acquisitions, announced today it has acquired Sourcescrub, a California-based provider of deal-sourcing data and workflows. The acquisition from Francisco Partners is the latest move in Datasite’s strategy to enhance its offerings for M&A professionals. The Sourcescrub acquisition follows a $500 million…
Thinking Machines Lab, the artificial intelligence startup launched by former OpenAI executive Mira Murati, has secured $2 billion in funding as it gears up to debut its first product within months. Murati, who briefly served as interim CEO of OpenAI during a tumultuous leadership shakeup in 2023, founded Thinking Machines in February after stepping down…
LOS ANGELES: Diskover, a leader in helping enterprises manage unstructured data at exabyte scale, announced Tuesday a series of major milestones: closing a $7.5 million seed funding round, forming partnerships with Snowflake and NetApp — both of which are now investors — and acquiring data intelligence platform CloudSoda. The moves mark a significant expansion for Diskover,…
Digital transformation is reshaping how governments handle public finances, from tax systems to financial reporting. While developed nations have long used advanced technologies like AI and blockchain, SAARC countries are rapidly adopting these tools to modernize their economies. This article examines the digital progress in SAARC nations, compares their strategies with those of developed economies, and provides…
Microsoft has partnered with Brookfield Asset Management in a monumental agreement to support approximately $10 billion worth of new renewable energy initiatives. This deal represents the most significant corporate investment in renewable energy to date, with the goal of meeting the increasing energy requirements of artificial intelligence (AI) technologies and data centers. A New Era…
In an era where technology evolves at breakneck speed, the role of the Chief Information Officer (CIO) has never been more pivotal. The latest insights from Lenovo’s third annual global CIO report, titled “Inside the Tornado: How AI is Reshaping Corporate IT Today,” shed light on a significant shift in focus for these IT leaders….
The advent of artificial intelligence (AI) is reshaping the personal computer (PC) industry, with tech giants like Apple and NVIDIA already dominating the creative and gaming sectors. This shift leaves significant room for growth in the enterprise and developer markets, as highlighted in a recent report by Omdia. According to Omdia’s study, “AI PCs: An…