Maria Deutscher
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Chip gear provider ASML shares drop 11% on cautious 2026 growth outlook
Shares of ASML Holding NV closed 11.4% lower today after it posted strong second quarter results and disappointing guidance. The chipmaking equipment supplier cautioned that it “cannot confirm” it will experience revenue growth in 2026. Eindhoven, Netherlands-based ASML makes machines for etching transistors into silicon wafers. The company is the world’s sole supplier of EUV, ...
In big AI agent push, AWS debuts new development tools, vector-optimized object store
Amazon Web Services Inc. is rolling out a new set of tools designed to help customers build artificial intelligence agents. Swami Sivasubramanian (pictured), the cloud giant’s vice president of agentic AI, detailed the offerings today at the AWS Summit in New York. AI agent environments The first new offering that Sivasubramanian detailed during his keynote is ...
Drone startup Xtend raises $30M more in funding
Xtend Reality Inc., a startup focused on developing drone technology for the defense sector, has raised $30 million in funding. Aliya Capital Partners and Protego Ventures led the investment. It was provided as an extension to a $40 million Series B funding round that Xtend originally announced last May. The company’s total outside funding now ...
Extreme Networks launches Extreme Platform ONE into general availability
Extreme Networks Inc. today made its Extreme Platform ONE software for managing enterprise networks generally available. The launch is the culmination of a months-long rollout. Extreme Platform ONE made its original debut in December and became available to managed service providers last February. Ahead of today’s release, Extreme also opened access to more than 200 ...
Nvidia, AMD to resume AI chip exports to China
Shares of Nvidia Corp. and Advanced Micro Devices Inc. jumped today on the news that they will resume the sale of artificial intelligence chips to China. The development comes three months after the U.S. Commerce Department effectively banned such exports. In 2022, the U.S. rolled out a set of export controls that limited the sale ...
AI coding assistant startup Cognition acquires rival Windsurf
Cognition AI Inc., a well-funded startup with an artificial intelligence coding assistant, today announced plans to buy rival Windsurf. The terms of the deal were not disclosed. The sale caps off an eventful few months for Windsurf. The startup, which is incorporated as Exafunction Inc., reportedly received a $3 billion takeover bid from OpenAI in ...
Meta to invest ‘hundreds of billions’ in new multi-gigawatt AI data centers
Meta Platforms Inc. will invest hundreds of billions of dollars in new data centers, Chief Executive Officer Mark Zuckerberg announced today. The facilities will support the company’s artificial intelligence development efforts. Last month, it launched a new AI unit called Meta Superintelligence Labs to lead the effort. The group includes prominent machine learning researchers that ...
Google reveals plans to combine ChromeOS and Android
Google LLC plans to merge its ChromeOS and Android operating system, a company executive revealed on Friday. Sameer Samat, the president of the Android ecosystem, divulged the plan in an interview with TechRadar. He stated that “we’re going to be combining ChromeOS and Android into a single platform.” Samat didn’t go into detail, but earlier ...
Elon Musk’s xAI reportedly raising new funding at up to $200B valuation
Weeks after its last funding round, xAI Holdings Corp. is reportedly in talks to raise new capital at a valuation of $170 billion to $200 billion. The Financial Times today cited sources as saying that Saudi Arabia’s PIF sovereign wealth fund is expected to play a “large role” in the investment. It’s unclear who are ...
Data security startup Virtru raises $50M in funding
Virtru Inc., a startup that helps enterprises prevent unauthorized access to their data, has secured $50 million in Series D funding. Fortune reported the investment today. Iconiq led the round with participation from Bessemer Venture Partners, Foundry and The Chertoff Group. Washington, D.C.-based Virtru launched in 2012 to commercialize an open-source file format known as ...