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OpenAI reportedly races to close $30bn round before Anthropic’s IPO

OpenAI is trying to speed up a funding round of about $30bn to secure investor commitments before Anthropic lists its shares in mid-November. The round could value the ChatGPT maker at more than $ 1.4 trillion. Reuters reported the plan on Monday, citing two people familiar with the matter. OpenAI and SoftBank declined to comment […]

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Micron workers in Taiwan to strike as bonus talks with chipmaker fail

Micron workers in Taoyuan, Taiwan, are set to go on strike on Thursday, 22 October, after months of failed negotiations over how the US chipmaker shares its profits with employees. The union announced the planned walkout on Monday, Reuters reported. It has not said how long the strike will last, but promised to provide more […]

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Former Google CEO Eric Schmidt reportedly owns about 1% of Anthropic ahead of its IPO

Eric Schmidt, Google’s former CEO, owns about 1% of Anthropic, according to Bloomberg. If the AI company goes public at the valuations now being discussed, the stake could be worth billions of dollars. Schmidt invested tens of millions of dollars in Anthropic’s Series A round in 2021, Bloomberg reported, citing people familiar with the matter. […]

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CoreWeave’s debt is becoming the whole AI industry’s problem

CoreWeave had a bad week last week. Its bonds slipped into distressed territory by a common definition – when investors demand 1,000 basis points more in yield than they’d get from government bonds. Last Tuesady Chamath “SPAC King” Palihapitiya noticed the distressed debt, and also asked whether the AI buildout was a private credit bubble. […]

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Cognizant puts 18,000 staff behind Google’s Gemini in AI agent push

Cognizant and Google Cloud have formed a Gemini Frontier Capability Group, with more than 18,000 Cognizant staff dedicated to building AI agents for clients on Google’s Gemini. It will focus on updating old systems, developer tools, business process automation and cyber defence. No financial terms were disclosed. Cognizant is dedicating more than 18,000 staff to […]

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Monday.com launches Harmony, a voice AI platform for sales calls

Monday.com has launched Harmony, a voice AI platform that calls, qualifies and follows up on sales leads, then hands them to human reps. It uses small, task-specific AI models and claims replies in about 200 milliseconds. It is available in the US, UK, Australia and Singapore. Monday.com has launched Harmony, a voice AI platform that […]

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Four European carriers to explore a joint bid for satellite spectrum

Deutsche Telekom, Orange, Telefónica and Vodafone have signed a letter of intent to explore a joint bid for satellite spectrum in Europe. The four companies announced it on Monday in a joint release. The spectrum is for mobile satellite services (MSS), the radio frequencies that link satellites with mobile devices. The bid would be for […]

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A successful AI pilot doesn’t mean your AI strategy is working

Launching an AI pilot is relatively straightforward. But integrating it reliably and at scale into business operations is a far greater challenge. McKinsey’s global 2026 survey found that only 37% of respondents said AI had improved their company’s earnings, unchanged from the previous year. Yet eight in ten said AI had helped them become more […]

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Nvidia reportedly wants all its HBM suppliers to use TSMC’s 3nm process

Samsung Electronics will make a core part of Nvidia’s custom memory chips on TSMC’s 3-nanometre process. The Seoul Economic Daily reported the move on Sunday, citing industry sources. It would be the first time the two have worked together on making high-bandwidth memory (HBM). The part is the base die, the logic layer at the […]

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