Homechevron_rightArchiveschevron_rightBusiness and Economy

Archives

Explore Stories by Date

12 Nov 2025

Microsoft-Backed VEIR Achieves 3-Megawatt Superconductor Breakthrough for AI Data Centers

VEIR successfully demonstrates superconducting cable technology that delivers 3 megawatts through a single low-voltage cable, addressing critical power infrastructure challenges in AI data centers. The technology promises 20 times less space usage and 5 times greater distance coverage than traditional copper systems.

2 Sources

Einride Plans $1.8 Billion SPAC Merger to Accelerate Autonomous EV Trucking Expansion

Swedish autonomous electric truck startup Einride announced plans to go public via a SPAC merger with Legato Merger Corp., valued at $1.8 billion. The deal aims to raise $219 million to accelerate global expansion of its autonomous freight technology.

2 Sources

Television Veteran Kevin Reilly Takes Helm as CEO of AI Startup Kartel

Former HBO Max and Fox executive Kevin Reilly joins AI consultancy Kartel as CEO, marking a significant move from traditional entertainment to AI-powered creative services. The company helps Fortune 500 brands integrate AI into their workflows for marketing and content creation.

2 Sources

Fed Governor Barr Outlines Two AI Economic Transformation Scenarios at Singapore FinTech Festival

Federal Reserve Governor Michael Barr discusses how AI could transform economies through either gradual task augmentation or radical transformation of work and business models, while highlighting challenges in financial services adoption.

2 Sources

Apple's Frugal AI Strategy Wins Wall Street Approval While Rivals Burn Billions

Apple takes a cost-effective approach to AI by licensing external models for $1 billion annually while competitors spend tens of billions on infrastructure, earning investor praise but facing consumer pressure for faster innovation.

2 Sources

Foxconn's AI Server Boom Drives 17% Profit Jump as OpenAI Partnership Takes Shape

Apple supplier Foxconn reports strong Q3 earnings driven by AI server demand, with profits climbing 17% to $1.9 billion. The company confirms a strategic partnership with OpenAI and positions itself at the center of the trillion-dollar AI infrastructure race.

4 Sources

AI-Generated Music Dominates Charts as 97% of Listeners Can't Tell the Difference

AI-generated songs are topping Billboard and Spotify charts while a major survey reveals that nearly all listeners cannot distinguish between AI and human-made music, raising concerns about the future of the music industry.

13 Sources

AMD Unveils Instinct MI400 and MI500 AI Accelerators to Challenge NVIDIA's Market Dominance

AMD announces its next-generation Instinct MI400 series AI accelerators for 2026 featuring CDNA 5 architecture and 432GB HBM4 memory, followed by the MI500 series in 2027, positioning itself as a direct competitor to NVIDIA's Vera Rubin platform.

2 Sources

AMD Sets Ambitious $100 Billion Data Center Revenue Target, Expects AI Market to Reach $1 Trillion by 2030

AMD unveiled bold financial projections at its first analyst day in three years, targeting $100 billion in annual data center revenue within five years and predicting the AI chip market will grow to $1 trillion by 2030. The company's stock surged over 10% following the announcement.

14 Sources

11 Nov 2025

RadNet Acquires UK's CIMAR to Expand AI-Driven Medical Imaging Across Europe

RadNet Inc. has acquired CIMAR UK, a cloud-native healthcare image management company, to strengthen its AI-powered diagnostic imaging capabilities across European markets. The acquisition integrates CIMAR into RadNet's DeepHealth subsidiary, combining advanced AI tools with extensive UK healthcare infrastructure.

2 Sources

Baidu's Apollo Go Secures Permit to Scale Driverless Fleet to Hundreds of Vehicles in Abu Dhabi by 2026

Baidu's Apollo Go and UAE-based AutoGo have secured one of Abu Dhabi's inaugural fully driverless commercial permits, enabling them to scale their autonomous vehicle fleet to hundreds of units by 2026 and provide public robotaxi services.

2 Sources

AI Experts Clash with Big Tech Over Superintelligence Timeline as Industry Faces Reality Check

A major study reveals that AI experts are far more skeptical about achieving superintelligence by 2030 than Big Tech leaders claim, while OpenAI warns of potential catastrophic risks in AI development.

3 Sources

ElevenLabs Launches Celebrity Voice Marketplace with McConaughey and Caine Partnerships

AI audio company ElevenLabs partners with Matthew McConaughey and Michael Caine to launch an ethical marketplace for licensing celebrity AI voice clones. The platform addresses industry concerns about consent and compensation while enabling brands to use famous voices for content creation.

20 Sources

Wonderful Secures $100M Series A to Scale Multilingual AI Customer Service Agents Globally

Israeli AI startup Wonderful raised $100 million in Series A funding to expand its multilingual AI agents for customer service across global markets. The company, valued at $700 million, plans aggressive international expansion with culturally-adapted AI solutions.

3 Sources

Nebius Secures $3 Billion Meta Deal as AI Infrastructure Demand Outpaces Supply

AI infrastructure company Nebius reports explosive growth with a $3 billion Meta contract, plans to more than double data center capacity by 2026, and considers debt financing to fund rapid expansion amid unprecedented demand for AI compute resources.

5 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