Cognizant Puts 25,000 Staff Behind OpenAI as IT Services Firms Become the Delivery Channel for Enterprise AI
Cognizant formed an OpenAI group of more than 25,000 people, days after a similar Gemini bet and months after a Claude deal, as services firms race to become the labs’ route into enterprises.
Rapidus Taps HCLTech Engineers in India as Japan’s 2nm Foundry Still Hunts for Its First Signed Customer
HCLTech opened two centers in Bengaluru and Hubli to do PDK, mask and layout work for Rapidus, which still has no named volume customer for its 2027 2nm launch.
XGIMI AURA 3 Projector Raises $15 Million on Kickstarter in 23 Hours as Brands Turn Crowdfunding Into Pre-Orders
XGIMI’s AURA 3 ultra-short-throw projector hit $10 million in two hours on Kickstarter, a speed record built on weeks of $50 reservations and steep launch discounts.
Group14 Raises 150 Million Euros and Picks Spain for Its Next Silicon Anode Plant While Moses Lake Waits for 2027
Group14 added 150 million euros to its Series D from an unnamed investor and chose Sagunto, Spain, for a 10 GWh SCC55 plant, while its delayed Moses Lake factory targets 2027.
Collective, Wabi and AvalonX Raise $165 Million as OPay Pulls Its $304 Million NYSE IPO on Debut Day
Investors paid up for AI that replaces costly experts for small customers this week, while profitable fintech OPay priced its IPO at the low end and then failed to trade.
Bose Buys Skullcandy to Reach Younger, Budget Headphone Buyers Its Own Brand Misses
Bose has bought Skullcandy from Mill Road Capital for an undisclosed price, adding a youth-focused budget headphone brand as the earbud market stalls and phone makers dominate shipments.
Sony Shrinks a 0.51 Megapixel Image Sensor to 1 mm Square for Disposable Endoscopes, With Digital Output Over 5 Meters
Sony’s IMX742 packs 720 by 720 pixels onto a 1 mm chip that digitizes images on the sensor, aimed at single-use bronchoscopes and ureteroscopes, with samples shipping in November.
Whop Raises $200 Million at a $5.1 Billion Valuation as Sequoia and Shopify Ventures Bet on AI-Run Creator Businesses
Whop’s Series D more than triples its valuation in eight months, backed by a roughly $400 million revenue run rate built on a 6 percent cut of seller sales.
Visa, Gurobi and ISG Data Show AI Use Has Gone Mainstream While Trust to Let It Act Still Lags
Releases from Visa, Gurobi, Wolters Kluwer and ISG this week show AI use at or above half of users, and only about half as many willing to let it act on its own.
Fujifilm Spends 10 Billion Yen to Make Five Times More LTO Tape as AI Data Centers Run Short of Storage
Fujifilm will invest about 10 billion yen through fiscal 2028 to lift LTO tape capacity fivefold, as AI archives and the disk and flash shortage push data centers back to tape.
Foundry Robotics Raises $100 Million Series A to Run an AI-Driven Assembly Factory in Emeryville
Marlinspike led a $100 million Series A in Foundry Robotics, which runs robotic assembly cells as a contract factory for drones, satellites, wire harnesses and other low-volume hardware.
Apple Brings Touch and a Tandem OLED Display to the MacBook Pro With M5 Pro and M5 Max
Apple’s new MacBook Pro with PROLED XDR Display adds a tandem OLED panel, touch input and a Dynamic Island, in lighter 14- and 16-inch bodies starting at $2,899.
FuriosaAI Raises $620 Million Series D at a $2.9 Billion Valuation to Scale Its RNGD Inference Chip
Seoul chip designer FuriosaAI closed a $620 million Series D, quadrupling its valuation to about $2.9 billion as its RNGD inference accelerator moves into volume production.
Apple Puts Its 2nm M6 Chip in the iMac and MacBook Pro and Adds AI Assistants to Creator Studio
Apple has moved its new M6 chip into the 24-inch iMac and the 14-inch MacBook Pro. The M6 is Apple’s first chip built on a…
Maxinsights Raises $30 Million Seed to Film Real Household and Hotel Work as Training Data for Robots
Peak XV led a $30 million seed round in Maxinsights, a Santa Clara startup founded by Waymo, Google and Microsoft alumni that turns first-person video of real work into robot training data.
Nevis Raises $70 Million Series B With Schwab Backing as AI Agents Take Over Wealth Adviser Back Office Work
EQT Ventures led a $70 million Series B in Nevis, the New York AI platform for registered investment advisers, with Charles Schwab and QuantumLight joining as new investors.
Apple iPad mini Gets an OLED Screen, A20 Pro Chip and IP67 Rating in Its Biggest Redesign Yet
The new iPad mini moves to an 8.5-inch OLED display, a 2nm A20 Pro chip and an IP67 body, starting at $699 with orders opening October 28.
An AI Agent Needs a Permission Model as Much as a Language Model
An AI agent that can explain an invoice and an agent that can pay it are different products, even when they use the same language…
Why Small Embedded Databases Are Winning the Edge
For twenty years the default answer to “where does the data live?” was a database server somewhere else. You opened a connection, sent a query…
inDrive and Pony.ai Target Kazakhstan for a Robotaxi Project Built on NVIDIA Technology
inDrive has signed a memorandum of understanding with Pony.ai and NVIDIA to explore autonomous ride-hailing in Kazakhstan, with Astana identified as the intended initial city.
Applied Ventures Backs Albert Invent as Materials Research Becomes an AI Battleground
Applied Ventures, the venture capital arm of Applied Materials, has made a growth equity investment in Albert Invent.
Pathos AI Raises $237 Million as BMS and Tempus Back a Broader Drug Development Push
Pathos AI has closed a $237 million Series E led by Bristol Myers Squibb, with existing investors participating, at an approximately $3 billion post-money valuation.
Tractian Raises $130 Million Series D at $1.4 Billion Valuation for AI That Predicts Machine Failures
Tractian is now a unicorn. The Atlanta company, which sells sensors and AI that warn plants before their machines break, raised a $130 million Series…
Jensen Huang Has a Strong Case Against the 2029 Memory Glut Theory
Jensen Huang sees expanding AI workloads absorbing more memory capacity, challenging predictions that the industry is heading toward a glut in 2029.