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LG Electronics and Nvidia are in talks on robotics, AI data centres, and mobility

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The discussions, triggered by a visit from Nvidia’s Madison Huang, would deepen LG’s physical AI ambitions and give Nvidia another major consumer electronics partner at a moment when physical AI is moving from lab to factory floor. LG Electronics confirmed on Wednesday that it has been in discussions with Nvidia over potential cooperation in three […]

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Cognizant to acquire AI infrastructure specialist Astreya for $600 million

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The deal, Cognizant’s fourth major acquisition in 18 months, is designed to plug a specific gap in its AI builder strategy: the ability to design, build, and run the physical data centre infrastructure that enterprise AI actually runs on. Cognizant has agreed to acquire Astreya, a San Jose-based IT managed services firm specialising in AI […]

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Amadeus agrees to buy IDEMIA’s public security unit for $1.2 billion

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The deal would give the Spanish travel technology company a global footprint in biometric border control, airport identity systems, and law enforcement fingerprint databases A passenger boarding a flight at one of the world’s 250 airports equipped with IDEMIA biometric gates does not think about who owns the face recognition system verifying their identity. Amadeus, […]

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Freepik rebrands as Magnific: a bootstrapped, profitable $230M ARR AI creative platform

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The new name unifies what was previously fragmented across Freepik (stock assets), Magnific (AI upscaling), and several other products. One million paying subscribers. 250 enterprise customers, including BBC, Puma, and Amazon Prime Video. CEO Joaquín Cuenca has never taken outside investment. The company is profitable. Freepik, the Málaga-founded AI creative platform, announced on Tuesday that […]

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