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06 Nov 2024

Lumen Technologies Boosts Cash Flow Forecast Amid AI-Driven Deals, Despite Legacy Business Challenges

Lumen Technologies raises its annual free cash flow forecast due to significant AI deals with major tech companies, while grappling with declining revenue in its legacy business.

2 Sources

Tessolve Acquires German Chip Designer Dream Chip Technologies for ₹400 Crore, Boosting AI and Automotive Chip Design Capabilities

Tessolve, a Hero Electronix venture, is set to acquire Dream Chip Technologies, a German semiconductor chip design firm, for up to ₹400 Crore. This acquisition aims to enhance Tessolve's capabilities in AI, automotive, and data center chip design, positioning it as a leading global semiconductor engineering firm.

2 Sources

AvePoint Launches AI Lab in Singapore to Drive Global Industry Innovation

AvePoint, a leader in data management and governance, has established an AI Lab in Singapore with support from the Economic Development Board, aiming to advance AI research and innovation for global industry applications.

3 Sources

AI and Low-Code Synergy Accelerates Application Development in Asia-Pacific

New research highlights how AI-powered low-code solutions are driving innovation and productivity in application development across the Asia-Pacific region, with 40% of new apps projected to incorporate GenAI by 2026.

2 Sources

Apple Warns Investors: Future Products May Not Match iPhone's Profitability Amid AI and VR Push

Apple's latest annual report cautions investors about potential lower profit margins from new products as the company ventures into AI and VR markets, signaling a shift in its business model and financial outlook.

2 Sources

Navitas Unveils World's First 8.5kW AI Data Center Power Supply Using GaN and SiC Technology

Navitas Semiconductor has introduced a groundbreaking 8.5kW power supply unit for AI and hyperscale data centers, achieving 98% efficiency through the use of gallium nitride (GaN) and silicon carbide (SiC) technologies.

2 Sources

L&T Partners with E2E Networks to Advance Generative AI Solutions in India

Larsen & Toubro (L&T) forms a strategic partnership with E2E Networks, acquiring a 21% stake to drive cloud-based Generative AI solutions in India, aiming to transform accelerated computing and digital innovation.

4 Sources

Lumen Technologies Partners with Google Cloud to Drive AI Innovation and Network Efficiency

Lumen Technologies collaborates with Google Cloud to enhance network capabilities and drive AI innovation, developing a 'Digital Twin' for real-time insights and improved operational efficiency.

2 Sources

UK Government Launches AI Chatbot Trial on Gov.UK to Assist Businesses

The UK government has initiated a trial of an AI-powered chatbot on Gov.UK to help businesses navigate regulations and access information more efficiently. The experimental system, built using OpenAI's GPT-4o technology, aims to simplify the process of finding relevant information across the vast government website.

4 Sources

US Lawmaker Calls for Crackdown on Chinese Chipmaker SMIC Amid AI Concerns

Republican Michael McCaul urges the Biden administration to investigate SMIC's alleged violations of export controls, citing concerns over AI chip production for Huawei and potential threats to US technological supremacy.

3 Sources

DoubleVerify Expands AI-Powered Brand Safety Measurement on Snap

DoubleVerify announces an expanded integration with Snap, offering AI-driven brand safety and suitability measurement for advertisers on the platform.

3 Sources

Nauticus Robotics Completes Autonomous Subsea Survey for Shell in Gulf of Mexico

Nauticus Robotics successfully conducted an initial 2024 Gulf of Mexico field survey for Shell using autonomous underwater robots, demonstrating the potential of AI and robotics in deep-sea operations.

2 Sources

Leading Bank Invests $11 Million in Verint's AI-Powered Agent Copilot Bot

Verint secures a significant contract with a major bank for its AI-powered Agent Copilot Bot, promising substantial efficiency gains and cost savings in customer service operations.

2 Sources

Palantir CEO Warns of Europe's AI Lag as Company Reports Strong Q3 Growth

Palantir's CEO Alex Karp cautions Europe about falling behind in AI adoption, as the company reports exceptional Q3 results driven by U.S. AI demand. The warning comes amid concerns about EU regulations potentially stifling AI innovation.

2 Sources

05 Nov 2024

Keppel Acquires AI-Ready Data Centre in Tokyo Amid Growing AI Demand

Singapore's Keppel has agreed to purchase an AI-ready data centre facility in Tokyo, developed by Mitsui Fudosan, as part of its strategy to expand its data centre portfolio and capitalize on the increasing demand for AI infrastructure.

3 Sources

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