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Oracle said free cash flow will reach $30B in the year to May 2029, when analysts expected it to stay negative. It capped new fundraising at $20B through May 2030 and kept its $225B revenue target. Shares rose as much as 14%. Oracle shares jumped as much as 14% on Wednesday after the company said […]
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Oracle shares jump as it targets $30B in free cash flow by 2029 Read More »
Munich’s largest taxi operator plans to run up to 500 self-driving cars from US company Tensor in German cities. Tensor and Münchner Taxi Zentrum (MTZ) have signed a letter of intent. They said so in a press release on Tuesday, 27 October. They announced it at the Madrid Autonomous Mobility Summit. The fleet depends on […]
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Munich’s biggest taxi firm plans up to 500 Tensor robotaxis in Germany Read More »
GitHub launched Copilot Fusion at GitHub Universe, its developer conference, on Wednesday. The system decides which AI model, or mix of models, should handle each step of a coding task. It weighs what the task needs across reasoning, code generation, debugging and tool use. Jay Parikh, executive vice president of CoreAI at Microsoft, described it […]
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GitHub launches Copilot Fusion as agents start 40% of pull requests Read More »
SK Hynix reported record third-quarter results on Wednesday, 28 October. Operating profit rose 632% from a year earlier to 83.3 trillion won (about $62bn). Revenue rose 328% to 104.6 trillion won, it said in its earnings release. It is the first time the South Korean memory maker’s quarterly sales have passed 100 trillion won. Its […]
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SK Hynix profit jumps 632% as it says memory shortage will last to 2030 Read More »
Anthropic will give US government buyers a 40% discount on Claude under an expanded deal with the General Services Administration (GSA). The company announced it in a blog post on Tuesday, 27 October. For the first time, the discount also covers state, local, tribal and territorial governments. It applies to Claude Enterprise, Claude for Government […]
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Anthropic gives US governments 40% off Claude in new GSA deal Read More »
Anthropic engineering manager Felix Rieseberg has dropped the coding interview from his team’s hiring. He explained the change in a blog post on Tuesday, 27 October, titled “Hunger beats tenure: Advice for junior engineers”. Rieseberg has led engineering for Claude.ai, Claude Code Desktop and Anthropic’s Cowork tool, according to his bio. He previously worked at […]
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Anthropic manager drops coding interviews because Claude is better at them Read More »
Nvidia released Nemotron 3.5 Transcribe, an open-weight model that transcribes 40 languages, translates 31 and labels up to eight speakers in recordings of up to an hour. It came with Granary v2, a free dataset of 463,062 hours of speech in 48 languages. Nvidia has released Nemotron 3.5 Transcribe, a free, open-weight AI model that […]
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Nvidia releases an open speech model that transcribes 40 languages Read More »
Plato raised a $16M Series A led by Nava Ventures, with Gradient Ventures and Microsoft AI chief Mustafa Suleyman joining. It pays professionals to recreate their jobs as simulations where AI labs train and test agents. Total funding is $19M. Plato, a San Francisco startup that builds pretend workplaces where AI agents can practise real […]
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Plato raises $16M to build fake offices where AI agents learn real jobs Read More »
Austin-based RapidCanvas has bought Entytle, whose AI helps industrial equipment makers such as Baker Hughes and Veolia find parts and service sales across machines already in use. Terms were not disclosed. The deal follows RapidCanvas’s $29M Series B this month. RapidCanvas, an Austin firm that builds and runs AI tools for businesses, has bought Entytle, […]
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RapidCanvas buys Entytle to sell AI agents to industrial manufacturers Read More »
Robotics AI startup Physical Intelligence is in talks to raise money at a valuation of about $20bn. It builds AI software that lets robots handle real-world tasks. Rebecca Torrence and Natasha Mascarenhas reported the talks for Bloomberg on Tuesday, citing people familiar with the matter. The round would raise at least $1bn and nearly double […]
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Physical Intelligence in talks at a $20bn valuation, Bloomberg reports Read More »