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14 Nov 2024

Tessl Raises $125M to Revolutionize AI-Driven Software Development

Tessl, an AI-powered developer tooling startup, secures $125 million in funding to create a platform that aims to transform software development through natural language prompts and automated code maintenance.

4 Sources

Youdao Reports Strong Q3 2024 Results, Highlighting AI-Driven Growth and Profitability

Youdao, a Chinese intelligent learning company, announces significant profitability improvements and AI-driven growth in its Q3 2024 financial results, with notable increases in AI-powered services and online marketing revenues.

2 Sources

Trump's Victory Could Pave Way for Musk's Robotaxi Vision, but Challenges Persist

Elon Musk's close ties with President-elect Donald Trump could potentially ease regulatory hurdles for Tesla's autonomous vehicle ambitions, but significant technological and legal challenges remain.

2 Sources

ARK Invest Predicts AI Data Centers Will Overcome Energy Challenges

ARK Invest's research suggests that power demands and costs won't hinder AI data center growth, with companies potentially adopting off-grid solutions to meet energy needs.

2 Sources

ASML Projects $1 Trillion Semiconductor Market by 2030, Driven by AI Boom

ASML, the Dutch chip equipment manufacturer, forecasts significant growth in the semiconductor industry, projecting global sales to reach $1 trillion by 2030. The company sees AI as a major driver of this growth and expects to benefit from increased demand for advanced chip manufacturing equipment.

7 Sources

Chinese AI Startup Challenges OpenAI as AMD Announces Layoffs Amid AI Chip Race

A Chinese AI startup unveils advanced text-to-video capabilities, while AMD restructures to compete in the AI chip market. Meanwhile, U.S. inflation data impacts market expectations for interest rates.

2 Sources

LTIMindtree Adopts Cisco's AI-Powered Security Solution for Enhanced Hybrid Work Protection

LTIMindtree partners with Cisco to implement Secure Access, an AI-driven security solution, to strengthen hybrid work environments and expand global SASE offerings.

2 Sources

Accenture and Kyoto University Join Forces to Advance Human-Centered AI Research and Innovation

Accenture partners with Kyoto University to develop responsible AI standards and governance, while launching a new Center for Advanced AI in Kyoto to drive business transformation and economic growth in Japan.

2 Sources

Appier Achieves Record Q3 2024 Results, Announces First Dividend Amid AI-Driven Growth

Appier Group Inc reports strong Q3 FY2024 performance with record revenue and profitability, driven by AI advancements and regional growth. The company initiates its first dividend, signaling confidence in sustainable growth.

2 Sources

Microsoft Launches Industry-Specific AI Models to Drive Business Transformation

Microsoft introduces a suite of specialized AI models tailored for various industries, aiming to enhance operational efficiency and innovation across sectors like agriculture, manufacturing, and finance.

3 Sources

eGain to Showcase AI Knowledge Management Innovations at Stuttgart KM Days 2024

eGain, an AI knowledge management platform, announces its participation as a Gold Sponsor at the 20th Knowledge Management Days Conference in Stuttgart, Germany, where it will showcase its AI Knowledge Hub and discuss best practices for AI implementation in business operations.

3 Sources

Foxconn Reports Record Q3 Profit Driven by Surging AI Server Demand

Foxconn, the world's largest contract electronics manufacturer, posted a 14% increase in Q3 net profit, beating expectations due to strong demand for AI servers. The company forecasts significant growth in AI server sales, positioning it as a key player in the AI hardware market.

7 Sources

Texas to Launch 1 GW AI-Powered Virtual Power Plant, Boosting Grid Resilience

NRG Energy and Renew Home partner to create a massive AI-driven virtual power plant in Texas, leveraging smart home devices to enhance grid stability and reduce energy costs for consumers.

2 Sources

Microsoft Unveils Magentic-One: A Versatile Multi-Agent AI System for Complex Task Automation

Microsoft introduces Magentic-One, an innovative multi-agent AI system designed to tackle a wide range of complex tasks autonomously. This open-source project aims to push the boundaries of AI capabilities in areas such as web browsing, coding, and task orchestration.

3 Sources

Broadridge Appoints Alix Jules as AI Transformation Leader to Drive Innovation and Efficiency

Broadridge Financial Solutions has appointed Alix Jules as its new AI transformation leader, tasked with spearheading the company's AI-driven initiatives to enhance productivity and client services in the financial sector.

2 Sources

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