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Manufacturing
British aerospace and defense giant Rolls-Royce has announced a $75 million investment to expand its engine manufacturing facility in Aiken, South Carolina — a strategic move that signals the company’s deeper push into energy and power systems alongside its aerospace roots. The investment is aimed at boosting production of the
Transportation
Uber is continuing its aggressive push into autonomous vehicles with a major new deal—this time partnering with Chinese tech giant Baidu. Announced Tuesday, the multi-year strategic partnership will bring Baidu’s Apollo Go robotaxis to the Uber platform in select markets outside the U.S. and mainland China, starting
Artificial Intelligence (AI)
Anthropic, the AI startup backed by Amazon and founded by ex-OpenAI researchers, has launched a new suite of tools specifically designed for financial services professionals. Announced Tuesday at an event in New York City, the Financial Analysis Solution is a tailored version of the company's enterprise product, Claude
Artificial Intelligence (AI)
Moonvalley, an emerging force in the intersection of AI and film, has raised $84 million in a new funding round aimed at advancing its AI-powered video tools tailored for filmmakers and creative professionals. The round was led by existing investor General Catalyst and drew strategic backing from major Hollywood players,
Software Development
Amazon Web Services (AWS) has launched a preview of Kiro, an artificial intelligence-powered tool designed to help developers write software more efficiently and collaboratively. Announced by Amazon CEO Andy Jassy on X, Kiro represents Amazon’s latest move to compete in the rapidly evolving field of AI-assisted software development. Jassy
Education
Educational publishing giant McGraw Hill is preparing to go public, targeting a valuation of $4.2 billion in an initial public offering (IPO), according to a company announcement on Monday, Reuters reported. Backed by private equity firm Platinum Equity, the company aims to raise up to $537 million by offering
Artificial Intelligence (AI)
In a dramatic turn of events highlighting the escalating competition in the AI development space, Cognition — the startup behind the viral AI coding agent Devin — announced on Monday that it has reached a definitive agreement to acquire fellow AI coding startup Windsurf. The acquisition follows a chaotic weekend of executive
Artificial Intelligence (AI)
Meta is taking a bold leap in the artificial intelligence arms race with a massive infrastructure buildout that could redefine both the future of AI and America’s energy landscape. In a recent announcement on Threads, CEO Mark Zuckerberg revealed the construction of Hyperion, a new data center the company
Artificial Intelligence (AI)
Meta has officially finalized the acquisition of PlayAI, a California-based startup known for its cutting-edge AI voice cloning technology, according to a report from Bloomberg. The purchase marks another significant move in Meta’s accelerated campaign to dominate the artificial intelligence space, particularly in speech and generative AI. PlayAI’s
Artificial Intelligence (AI)
Amazon Web Services (AWS) is preparing to launch its own AI agent marketplace next week, marking a significant step in the evolving world of AI-driven automation. According to sources cited by TechCrunch, the launch will take place during the AWS Summit in New York City on July 15. Anthropic, one
Artificial Intelligence (AI)
Amazon has secured new multi-year licensing agreements with media giants Hearst and Condé Nast, granting its AI shopping assistant, Rufus, access to a wide array of premium editorial content. As reported by Digiday, this partnership allows Amazon's AI to draw from the vast archives of influential publications such
Artificial Intelligence (AI)
Perplexity, the fast-rising AI startup known for its search engine technology, has officially launched its first web browser, Comet. The release marks the company’s most direct challenge yet to Google’s dominance in how people search and browse the internet. But rather than simply creating another browser, Perplexity is