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…
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…
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…
Bending Spoons Prices IPO Above Range, Raising $1.68 Billion
The bankers had guided investors to 26 to 28 dollars a share, but by the time the order book closed, the bids had climbed past the top of that range.…
Meta Builds Cloud Business to Rent Out Idle AI Computing
The data centers Meta has been throwing up across the American plains were built for one purpose: running the models behind Facebook, Instagram and WhatsApp. But the servers in those…
Five DeepMind Researchers Leave in a Week, Delaying Gemini Release
The departures began with a resignation letter, then another, then three more, and by the end of seven days Google had lost five senior researchers from its most prestigious AI…
Apple Shares Fall Most in a Year as Memory Costs Push Up Mac Prices
Apple’s Wednesday close was its worst in more than a year, and the reason was on the price tags. The company raised prices on MacBooks and iPads by 200 to…
TSMC Posts Record Quarterly Revenue and Locks In Amkor Packaging Deal
The numbers landed ahead of expectations despite a currency headwind. Taiwan Semiconductor Manufacturing Co. reported second-quarter revenue of NT$417 billion, about 12.8 billion dollars, a record for the company and…
