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Aspirity to buy majority stake in Danish IoT company Onomondo

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London-based private equity firm Aspirity Partners has agreed to buy a majority stake in Onomondo, a Copenhagen firm that runs its own network to connect machines and sensors. The deal, announced on Wednesday, is part of a combined investment of more than €100m. EIFO, Denmark’s state investment fund, is also adding to its stake. It […]

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OpenAI releases GPT-6.1 Sol at a fifth of GPT-6 Astra’s token prices

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OpenAI has released GPT-6.1 Sol, a cheaper model that it says nearly matches GPT-6 Astra on agentic coding, computer use and professional work. It costs a fifth of Astra’s standard input and output token prices, OpenAI said on Tuesday at its DevDay 2026 event. The model is an upgrade to GPT-6 Sol, which OpenAI released […]

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Apple’s new CEO cuts managers to ship products faster, Bloomberg reports

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Apple’s new chief executive, John Ternus, is reshaping the company to release products more often and cut layers of management, Bloomberg reported on Tuesday. Ternus, 51, took over on 1 September after Tim Cook’s 15 years in the job. Apple declined to comment. Ternus wants Apple to rely less on its fixed spring and autumn […]

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PwC survey of 49,000 workers finds most are falling behind on AI skills

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Nearly two-thirds of workers have used AI at work in the past year. Yet fewer say they can get the training they need, PwC found in its 2026 Global Workforce Hopes and Fears Survey. The firm surveyed 49,364 workers across 48 countries and regions in May and June. It published the results on Tuesday. In […]

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Volkswagen’s affordable EV plans have a new Chinese partner

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Volkswagen has agreed three joint ventures with China’s Gotion to build lithium iron phosphate battery capacity, selling 49% of PowerCo’s Valencia plant and taking minority stakes in a Slovak cell plant and a Moroccan cathode plant. Volkswagen says Europe currently has no relevant capacity of its own in the chemistry. Volkswagen has agreed three joint […]

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NASA pays Boeing $359m to get Starliner flying, eyes crew return by 2028

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NASA will pay Boeing $359m to help get its Starliner spacecraft flying again. It will also buy two more Starliner flights to the International Space Station. NASA and Boeing announced the plan at a news conference on Monday, and NASA set it out in a statement. It wants astronauts back on Starliner by 2028. “I […]

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Nvidia talks to insurers about loans backed by its AI chips, FT reports

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Nvidia has talked to insurers about taking on some of the risk of loans backed by its AI chips, the Financial Times reported on Tuesday. The talks are at an early stage and may not lead to any deals, according to the FT. TNW has not independently verified the report. One idea would insure loans […]

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AI needs $6tn a year by 2031 to pay for its data centres, Bain says

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The AI industry will need about $6tn in annual revenue by 2031 to pay for the data centres being built today. Bain & Company makes the estimate in its Global Technology Report, published on Tuesday. Existing AI products could bring in only $1.2tn to $1.8tn of that. “The debate today is fixated on employee productivity. […]

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BYD says it will have a solid-state car next year, the earliest date anyone has given

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BYD executive vice-president Stella Li says the company will have one model with solid-state batteries next year, which is the earliest date any carmaker has given. Toyota says 2027 or 2028, Mercedes and Honda closer to 2030, and LG Energy Solution puts solid-state in electric cars roughly a decade away. BYD will have one model […]

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Caterers see a $3.2bn market in feeding AI data centre workers

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Feeding, housing and entertaining the people who build AI data centers could be worth $3.2bn a year to catering companies by 2032, Bloomberg reported, citing analysts at Bloomberg Intelligence. Aramark, Compass Group and Sodexo have already been engaged to carry out jobs ranging from laundry to providing food service throughout the day. The report includes […]

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