ECARX, the automotive technology company backed by Geely founder Li Shufu, has signed a strategic framework agreement with May Mobility to supply thousands of autonomy-enabled vehicles for the American robotaxi operator’s commercial fleet. The deal, valued at approximately $750 million, pairs a Chinese-founded hardware supplier with one of the few US robotaxi companies that has […] This story continues at The Next Web Read more ›
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The Shay Levi-led enterprise AI delivery platform has doubled its total funding to $100m and is posting numbers, including 400% net revenue retention, that put it in the top decile of any enterprise-software vintage. Unframe, the Cupertino-based managed AI delivery platform co-founded by Shay Levi, has raised an additional $50m in funding led by Highland […] This story continues at The Next Web Read more ›
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The Munich-based developer behind Germany’s largest agri-PV facility plans to build 100 MW across the next 18 months. The new debt line is the working-capital plumbing that turns a 250 MW pipeline into deliverable projects. Munich-based agri-PV developer Feldwerke has secured a €12m revolving credit facility to underwrite the construction of a 100 MW portfolio […] This story continues at The Next Web Read more ›
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Ant Group and Meituan Dragonball co-led the $50m Series B+; Sofina and Granite Asia joined. Total Series B funding now stands at $120m at a near-$400m post-money valuation, ahead of Wednesday’s global X-Series launch. Hypershell, the Shanghai-based consumer-exoskeleton company, has raised a $50m Series B+ co-led by Ant Group and Meituan Dragonball (referred to in […] This story continues at The Next Web Read more ›
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The British bank’s new note estimates humanoid robots can offset 60% of the projected labour-force decline by 2035, with China’s workforce shrinking by 37 million people over the next ten years. Up to 24 million humanoids would be needed. Barclays published a research note estimating that China’s deployment of humanoid robots could offset as much […] This story continues at The Next Web Read more ›
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The $20bn Kimi developer has informed shareholders it will dismantle its variable-interest-entity structure, after Beijing made it clear an exemption was unlikely. The IPO would be one of the biggest Chinese AI listings on record. Moonshot AI, the Beijing-based developer of the Kimi chatbot, has told shareholders it intends to dismantle its variable-interest-entity (VIE) structure […] This story continues at The Next Web Read more ›
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Nintendo jumped as much as 6.8% on Tuesday for its longest winning streak since mid-March. Bandai Namco and Konami each gained more than 9%. The trade is about what isn’t AI as much as what is. Nintendo’s stock climbed as much as 6.8% in Tokyo on Tuesday for its third straight day of gains, Bloomberg […] This story continues at The Next Web Read more ›
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Bill Winters told investors in Hong Kong that the bank’s HR, risk and compliance functions will shrink by more than 15% over five years, with the headcount efficiency aimed at lifting income-per-employee 20% by 2028. Standard Chartered will cut more than 15% of its back-office roles by 2030, chief executive Bill Winters told investors at […] This story continues at The Next Web Read more ›
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Left Lane Capital led the Milan-based startup’s Series B, eight months after its $19m Series A. Lexroom is selling 8,000+ law firms a verified-source legal AI built around six million documents. Milan-based Lexroom, the legal AI startup focused on civil-law jurisdictions, has raised a $50m Series B led by Left Lane Capital. Base10 Partners, Eurazeo, […] This story continues at The Next Web Read more ›
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The A$410bn pension fund is comparing the disruption to what retail and consumer services have already experienced. ASIC is already monitoring frontier-AI risks across the Australian financial system. AustralianSuper, the country’s largest pension fund with A$410bn ($293bn) under management, has said agentic artificial intelligence could fundamentally reshape how it serves its 3.5 million members, Bloomberg’s […] This story continues at The Next Web Read more ›
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The two have formed a joint venture to build a US-based AI compute-as-a-service business on Google’s TPUs, with $5bn of Blackstone equity, $25bn total deal value including leverage, and 500 MW of capacity targeted for 2027. Blackstone and Google have formed a joint venture to build a US-based AI compute-as-a-service business on Google’s tensor processing […] This story continues at The Next Web Read more ›
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Bloomberg reports early-stage takeover conversations with the Jim Keller-led AI chip startup, which raised $800m at a $3.2bn valuation last year and counts Bezos Expeditions and Samsung among its backers. Tenstorrent, the Jim Keller-led AI chip startup, has held early-stage takeover conversations with Intel and Qualcomm, Bloomberg reported on Monday, citing people familiar with the […] This story continues at The Next Web Read more ›
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The Project Glasswing partners can now pass vulnerability findings to other security teams, industry bodies, regulators, open-source maintainers and the press, under responsible-disclosure norms. The defender pool just got wider. Anthropic said on Monday that it is revising its earlier disclosure policy on Mythos, the unreleased cybersecurity-focused AI model deployed under its Project Glasswing controlled-access […] This story continues at The Next Web Read more ›
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The Milpitas-based vertical-power-delivery firm puts more than 3,000 amps of current directly under the GPU. The deal could be announced as soon as Tuesday. Analog Devices is in advanced talks to acquire Empower Semiconductor, the closely held Californian power-management chip company, for $1.5bn in cash, Bloomberg reported on Tuesday, citing people familiar with the matter. […] This story continues at The Next Web Read more ›
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Chief People Officer Janelle Gale’s Monday memo described ‘smaller teams’ and a ‘flatter’ structure built around new AI groups for agents, apps, and infrastructure. Layoffs are due later this week. The Meta Saga continues with layoffs and “reassigning”. Meta Platforms is reassigning 7,000 workers to new artificial-intelligence-focused jobs as part of a broad corporate restructuring, […] This story continues at The Next Web Read more ›
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The Paris-based open-weights lab is acquiring an Austrian startup whose models handle airflow, heat transfer, and material stress, targeting aerospace, automotive, and semiconductor customers. Terms were not disclosed. Mistral AI, Europe’s most prominent open-source AI lab, has acquired Vienna-based Emmi AI for an undisclosed sum, Reuters reported on Tuesday. Emmi specialises in models that simulate […] This story continues at The Next Web Read more ›
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Peter Steinberger, the creator of OpenClaw and an engineer at OpenAI, racked up $1.3 million in API costs in a single month by running approximately 100 Codex instances simultaneously on his open-source project. The bill, which covered 603 billion tokens across 7.6 million requests over 30 days, is the most visible demonstration yet of what […] This story continues at The Next Web Read more ›
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SpaceX has raised the price of every consumer Starlink plan in the United States, adding $5 to $10 per month across its residential and mobile tiers while doubling the cost of its budget Standby Mode from $5 to $10. The increases, which took effect immediately for new subscribers and will apply to existing customers from […] This story continues at The Next Web Read more ›
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Meta will begin cutting approximately 8,000 jobs on 20 May, the largest single round of layoffs the company has undertaken since its 2023 restructuring, in a move that lays bare the scale of Mark Zuckerberg’s bet that artificial intelligence infrastructure is worth more than the people it replaces. The company is also cancelling 6,000 open […] This story continues at The Next Web Read more ›
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Amazon has launched a feature that uses artificial intelligence to generate entire podcast episodes on demand. Called Alexa Podcasts, the tool allows users to ask Alexa+ to create a podcast on any topic, and the system will research the subject, produce a structured overview, and deliver it as an audio episode narrated by two […] This story continues at The Next Web Read more ›
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25.07.2026 19:38
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