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Schneider Electric to buy US software maker PTC for $22.6bn in cash

Schneider Electric has agreed to buy PTC, a US maker of industrial design and engineering software, for about $22.6bn (€20.1bn) in cash. The French group announced the deal on Monday morning. The announcement came a day after the Financial Times first reported that the two companies were close to an agreement, at a price of about $20bn. Under […]

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China wants solid-state batteries in use by 2030, and CATL rates them four out of nine

China’s industry ministry and six other agencies set 2030 as the date for the first large-scale use of all-solid-state batteries, though CATL’s chairman rates the technology four out of nine and calls million-vehicle use before 2030 very unlikely. ProLogium’s Dunkirk plant, the largest new European cell project since Northvolt went bankrupt, is staged at 0.8 […]

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SoftBank’s Masayoshi Son says superintelligence in the wrong hands could be “super dangerous”

Masayoshi Son, who has put $64.6bn into OpenAI and calls bubble talk absurd, said in Kyoto that superintelligence in the wrong hands could become super dangerous and that countries must cooperate to control it. He spoke beside Michael Kratsios, who launched a 17-country declaration written in Washington’s renamed vocabulary and endorsed by Germany, Italy, Poland, […]

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Trump names four officials to lead his Super Intelligence Force

Trump named the intelligence director Jay Clayton, the FTC chairman Andrew Ferguson, the Pentagon technology chief Emil Michael and the personnel director Scott Kupor to lead a Super Intelligence Force with no statutory authority or budget. Europe took the opposite route in May, when the EU ratified the Council of Europe treaty whose title uses […]

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Google lifts the Pixel 10a price to $599 as memory costs climb

Google raised the Pixel 10a from $499 to $599 seven months after launch, with no change to the phone, blaming memory costs that its own vice president said had risen from $2.80 per gigabyte to $12. Apple and Samsung have both repriced existing phones in the past month, and Google has not said whether European […]

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Nvidia hits its first record since May, within $300B of $6T

Nvidia hit a record for the first time since May, leaving it under $300B short of becoming the first company worth $6T, on a rally driven by AI agent demand and a record $150B buyback increase. ASML, Europe’s most valuable listed company, needs the same $300B to reach its first trillion. Nvidia hit a record […]

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Robot software startup FieldAI is set to raise $700M at a $10B valuation

FieldAI is raising $700M at a $10B valuation, five times its mark from just over a year ago, for software designed to run robots it does not build. Europe’s biggest robotics rounds this year funded machine makers, and the nearest European answer to FieldAI was reported at about a third of its valuation. FieldAI is […]

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Pope Leo comes out against AI-generated art and calls for an alliance with artists

Pope Leo XIV told artists at the Vatican on Friday that there is an ontological difference between art and what a machine generates from millions of images made by others. European law has required synthetic content to carry machine-readable marks since 2 August, but artistic and satirical work gets the lightest disclosure obligations of all. […]

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Volantis raises $88M for a photonic memory layer built for AI inference

Volantis has raised $88M to build a photonic link between AI compute and memory, using gallium arsenide lasers to avoid constraints in indium phosphide. The Netherlands is building a EUR 153M indium phosphide pilot line at Eindhoven that opens in 2027, the same year Volantis plans to ship. Volantis has raised $88M to put light […]

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