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…
Samsung Staff Weigh Exits as Bonus Gap Stings Appliances Unit
A five-year veteran of Samsung Electronics’ appliances and mobile division spent part of last week forwarding SK Hynix job openings to coworkers in an internal chat room. He had never…
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…
Explosives Maker Orica Backs Australia’s Biggest Green Hydrogen Project
The company that supplies much of the explosives used to blast ore out of Australian mines has decided that its future also runs on hydrogen. Orica, the Melbourne-based maker of…
Japanese Passive Component Makers Post Record Capacitor Shipments
The unglamorous parts inside every electronic device are having a moment. Japanese manufacturers of capacitors, resistors and other passive components shipped 231.4 billion yen worth of goods in April, up…
Siemens to Spend 300 Million Euros on German Plants for AI-Era Technology
Construction crews will begin work this month on a new Siemens supplier facility in Offenbach, outside Frankfurt, one of three projects the German industrial group announced on July 1 as…
Neon Picks Up OpenAI Film Dropped by Amazon
Andrew Garfield spent months this year learning to move like Sam Altman, the boyish chief executive of OpenAI who was fired by his board in November 2023 and reinstated days…
AWS to Embed Engineers With Customers in $1 Billion AI Push
The basketball analysts at the NBA’s league office in New York have been working with software that tracks every pass, shot and defensive rotation in real time. The system runs…
Panasonic to Spend 500 Billion Yen on AI as It Trims Appliances
The company that once defined Japanese consumer electronics, with the VCR, the plasma television and a name that appeared on millions of kitchen counters, is spending its way into the…
AI Chip Startup Etched Discloses $800 Million in Funding
Peter Thiel, the venture capitalist who made early bets on Facebook and Palantir, has invested in a lot of artificial-intelligence companies. Geoffrey Hinton, the computer scientist sometimes called the godfather…
