Homechevron_rightArchiveschevron_rightBusiness and Economy

Archives

Explore Stories by Date

02 Oct 2025

Snowflake Unveils Cortex AI for Financial Services: Bridging Data and AI in a Secure Ecosystem

Snowflake introduces Cortex AI for Financial Services, a comprehensive AI suite tailored for the finance industry, along with a new Model Context Protocol (MCP) Server. These innovations aim to securely integrate proprietary and third-party data with AI applications while maintaining rigorous security and compliance controls.

3 Sources

Japan's AI Demand Set to Skyrocket 320-fold by 2030, SoftBank Executive Reveals at NVIDIA AI Day Tokyo

SoftBank predicts a massive surge in AI computing power demand in Japan, emphasizing the need for domestic AI technologies and infrastructure. The Japanese government plans significant investments to bolster the country's AI and semiconductor capabilities.

2 Sources

ECB Selects AI Startup Feedzai for Digital Euro Fraud Prevention

The European Central Bank has chosen Feedzai, an AI-focused startup, to develop fraud detection mechanisms for the upcoming digital euro. This move marks a significant step in the ECB's plans to launch a central bank digital currency.

4 Sources

AI Translation Giant DeepL Explores $5 Billion U.S. IPO

German AI translation startup DeepL is considering a U.S. initial public offering that could value the company at up to $5 billion. The potential listing, which may happen as early as 2026, marks a significant milestone in the AI language technology sector.

4 Sources

Perplexity AI Acquires Visual Electric Team, Bolstering AI-Driven Design Capabilities

Perplexity AI has acquired the team behind Visual Electric, a Sequoia-backed AI design startup. This strategic move aims to enhance Perplexity's AI-driven design capabilities and compete with industry giants like OpenAI and Google in the rapidly evolving AI image and video generation space.

2 Sources

Databricks Acquires Mooncake to Revolutionize Data Infrastructure for AI Agents

Databricks has acquired Mooncake Labs to enhance its Lakebase database, promising to eliminate ETL pipelines and accelerate data processing for AI agents by up to 100x.

2 Sources

Google Cuts Over 100 Design Jobs in Cloud Unit, Shifting Focus to AI and Cost-Cutting

Google has laid off more than 100 employees in design-related roles, primarily in its cloud division. This move is part of a broader strategy to focus on artificial intelligence and reduce costs.

2 Sources

Deepfake Political Ads Surge on Meta Platforms, Raising Scam Concerns

A watchdog report reveals a significant increase in deepfake political ads on Meta platforms, with scammers exploiting AI technology to create fake videos of politicians promoting non-existent government benefits. This trend raises concerns about online fraud and platform integrity.

2 Sources

Google Rebrands Nest Aware to Google Home Premium, Integrates Gemini AI

Google has revamped its smart home subscription service, replacing Nest Aware with Google Home Premium. The new service offers enhanced AI features powered by Gemini, improved video history options, and integration with Google AI Pro and Ultra plans.

4 Sources

Citi Mandates AI Prompt Training for 175,000 Employees, Signaling a New Era in Banking

Citi launches a mandatory AI training program for its global workforce, focusing on improving prompt writing skills for internal AI tools. This move highlights the growing importance of AI literacy in the financial sector and the broader trend of workforce reskilling in the face of technological advancements.

2 Sources

Apple Shifts Focus from Vision Pro to AI-Powered Smart Glasses

Apple halts development of a cheaper Vision Pro to accelerate work on AI smart glasses, aiming to compete with Meta's offerings. The company plans to release two types of smart glasses, with the first model expected as early as 2027.

18 Sources

Thinking Machines Lab Unveils Tinker: An API for AI Model Fine-Tuning

Former OpenAI CTO Mira Murati's startup, Thinking Machines Lab, launches Tinker—an API service designed to democratize and simplify the fine-tuning of large language models for researchers and developers.

5 Sources

Periodic Labs Raises $300M to Create AI-Powered Scientific Research Platform

Periodic Labs, an AI startup founded by ex-OpenAI and Google DeepMind researchers, has secured $300 million in funding to develop an 'AI scientist' capable of automating and accelerating scientific research, particularly in materials science and chemistry.

3 Sources

Microsoft's AI-Driven Reorganization: Nadella Shifts Focus to Tech Innovation

Microsoft CEO Satya Nadella reshuffles executive team, promoting Judson Althoff to CEO of commercial business. This move allows Nadella to focus more on AI and technological advancements.

6 Sources

Critical Vulnerability in Red Hat OpenShift AI Threatens Full Infrastructure Takeover

A severe security flaw in Red Hat's OpenShift AI service could allow attackers to escalate privileges and gain complete control of hybrid cloud environments. The vulnerability, rated 9.9 out of 10 in severity, poses a significant threat to data security and service integrity.

2 Sources

Get all updates into your inbox 💌, Stay Up-to-date for Free 🥳

Your Daily Dose of Curated AI News

Don’t drown in AI news. We cut through the noise - filtering, ranking and summarizing the most important AI news, breakthroughs and research daily. Spend less time searching for the latest in AI and get straight to action.

The Outpost

News

About