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Cadence and Nvidia are bridging the simulation gap that’s slowing down robotics

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The two companies announced an expanded partnership at a Cadence conference in Santa Clara on Wednesday. The goal: make robot training data more accurate so physical AI systems reach real-world deployment faster. Cadence Design Systems and Nvidia have announced an expanded partnership aimed at closing one of robotics’ most persistent problems: the gap between how […]

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Allbirds announced a switch from shoes to AI and its stock jumped 600 percent

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Allbirds had a hit a decade ago with its Wool Runner shoes, but after a $4 billion IPO in 2021, the business never turned a profit, and sales dropped nearly 50 percent between 2022 and 2025. The company recently announced it would sell off its name and assets for $39 million after closing the remaining […]

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Snap is laying off 16 percent of its staff as it leans into AI

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Snap is laying off roughly 16 percent of its global workforce in a cost-cutting effort to chase improved profitability with the help of AI. The cuts will impact around 1,000 full-time employees, according to a memo sent to staffers from Snap CEO Evan Spiegel. An additional 300 open roles are also being closed. “While these […]

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Amazon agrees to acquire Globalstar in an $11.6B deal

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Amazon and Apple have also signed a separate agreement for Amazon Leo to continue powering satellite features on iPhone and Apple Watch. The deal gives Amazon the spectrum, infrastructure, and operational expertise to launch direct-to-device satellite services from 2028, and compresses years of development into a single transaction. Amazon has agreed to acquire Globalstar in […]

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Hexagon acquires Waygate Technologies from Baker Hughes for $1.45 billion

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Waygate generates approximately $630 million in annual revenue with around 1,500 employees across 25 locations. The deal gives Hexagon’s Manufacturing Intelligence division computed tomography, radiography, and remote visual inspection technology with 130+ years of combined heritage. Hexagon, the Stockholm-headquartered measurement and sensor technology group, has agreed to acquire Waygate Technologies from energy technology company Baker […]

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