Schneider Electric to Buy Industrial AI Firm Cognite for $3.1 Billion
Schneider Electric has agreed to acquire Cognite, a Norwegian company whose software organizes data streaming off factory floors, for $3.1 billion in cash, the French energy-management group said. The deal…
Machine Learning Points to Two New Superconductors, Finnish Team Says
A research team led by Finland’s Aalto University says it has discovered two new superconducting materials by screening a vast field of candidates with a method that combines machine learning…
ChatGPT to Deploy on U.S. Military’s GenAI.mil Platform in Early July
The laptop an Air Force analyst opens in a few weeks will have a new icon on its desktop. ChatGPT is arriving on GenAI.mil, the U.S. military’s artificial-intelligence platform, in…
Prime Day Opens Strong as Amazon Tests Drone Deliveries to Balconies
The first hours of Amazon’s Prime Day brought the kind of numbers the company’s retail business has been waiting for. Sales on the first day of the annual shopping event…
Tesla’s Q2 Delivery Report Looms After Shares Rally Above $420
The numbers will be released after the market closes on Thursday, and Tesla’s investors have already voted with their money. The company’s shares have risen more than 10 percent this…
Micron’s $100 Billion Order Book Rewrites Memory Math
The earnings call on June 24 had the kind of numbers that used to belong to software companies, not chipmakers. Micron Technology reported revenue of $41.5 billion for its fiscal…
AirTrunk Pledges $30 Billion to Make India an AI Powerhouse
The meeting in New Delhi was brief, and the announcement that followed was anything but. Robin Khuda, the chief executive of AirTrunk, the Australian data-center operator backed by Blackstone, met…
TIDAL Cuts Off AI Music From the Royalty Stream
The producer had been making music for eight months with tools that generated complete songs from text prompts, and the process had become routine: type a description, wait a minute,…
Cursor Puts an Eye on Your Coding Agent, From Your Phone
The developer was on a train between London and Manchester, and the build was failing. The error log scrolled across his phone, delivered by the same AI coding tool that…
Broadcom’s AI Numbers Look Great, and the Stock Falls Anyway
The earnings report had the numbers investors once paid anything for. Broadcom said revenue in its fiscal second quarter reached $22.2 billion, up 48 percent from a year earlier, and…