Mike Wheatley
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Report: Mistral AI in talks with MGX on $1B equity financing round
French artificial intelligence leader Mistral AI is reportedly holding talks with Dubai-based investor MGX and others on a $1 billion equity funding round that would include hundreds of millions of euros in debt. According to Bloomberg, which first reported the discussions, the debt would help to fund a new AI cloud service based in France ...
Graphwise enhances its graph database to become the brains of AI agents
The Bulgarian graph database startup Graphwise today announced a major upgrade to its flagship GraphDB tool, adding new features aimed at boosting enterprise knowledge management and creating a more reliable foundation for artificial intelligence models. Graphwise, officially known as Ontotext AD, said the improvements to its platform will make it even more suitable for AI ...
Samsung warns of big profit miss from US restrictions on advanced AI chip exports
Semiconductor and smartphone giant Samsung Electronic Co. Ltd. said on Tuesday morning in South Korea that it’s anticipating its second-quarter profit to plunge 56% from a year earlier, blaming it on sluggish sales in its chip business and the impacts of U.S. trade restrictions. The forecast comes in much lower than what analysts had expected. ...
IonQ prices $1B equity offering to accelerate its push into quantum networking
Shares of the quantum computing pure play IonQ Inc. gained more than 6% today after it announced a $10 billion equity offering priced far above its recent stock value. The company’s new offering was priced at $55.49 per share, which is around 25% more expensive than the stock’s closing price on July 3. The sale ...
Capgemini buys business automation firm WNS for $3.3B to enhance its agentic AI expertise
French technology consulting services giant Capgemini SE said today it has agreed to buy the Indian business process automation firm WNS Holdings Ltd. in a $3.3 billion cash deal, as part of an effort to expand the range of artificial intelligence tools it can offer to customers. The acquisition will enable Capgemini to create a consulting ...
Synfini gets $8.9M to accelerate drug discovery with AI
Drug discovery startup Synfini Inc. said today it has closed on an $8.9 million expansion funding round led by JSL Health Capital, bringing its total amount raised to date to $53 million. The company has made a name for itself by combining neuro-symbolic artificial intelligence with physical and virtual chemistry. It has put vast proprietary ...
Report: Meta is developing chatbots that will send unsolicited messages to users
Meta Platforms Inc. is working on more proactive chatbots that can send friendly yet unsolicited follow-up messages to users on Facebook, WhatsApp and Instagram, without being prompted to do so first. The company’s latest generative artificial intelligence initiative was reported by Business Insider. It said the chatbots are being developed in collaboration with a data ...
Europe’s biggest companies call for two-year pause on EU’s landmark AI Act
A coalition of Europe’s biggest enterprises, including Airbus SE, Mercedes-Benz AG and BNP Paribas Group is asking the European Union to freeze the implementation of a new artificial intelligence law, saying it could prevent the bloc from keeping up with the pace of development in China and the United States. The chief executive officers of ...
Perplexity AI launches new ‘Max’ subscription priced at $200/month
Artificial intelligence search firm Perplexity AI Inc. is matching its industry rivals with the launch of a new $200-per-month subscription plan for power users, it said in a blog post today. Billed as the company’s “most powerful subscription tier yet,” the Perplexity Max plan provides unlimited access to its new spreadsheet and report generation tool ...
Report: Intel considers moving on from 18A chip manufacturing process
Intel Corp. is set to revamp its contract chip manufacturing business by pivoting away from its highly publicized 18A process and switching its attention to its next-generation 14A node in an effort to win over new customers. The company’s proposed strategic shift was first reported by Reuters and later, the German-language outlet ComputerBase, with both ...