BusinessASML posts stronger-than-expected quarter as AI-driven demand pushes customers to plan orders into 2029–2030ASML reported a stronger-than-expected third quarter with net profit of €4.96 billion and revenue of €11.66 billion, citing AI-related investments as the main demand driver.2 min read
BusinessZenzap raises $44M to build AI-enhanced private messenger for frontline and deskless workersZenzap, founded by Guy Weiss with co-founders Noam Neumann and Jonatan Bien, secured $44 million from investors including Bessemer, Lightspeed and The Garage to scale an AI-powered private messaging app for businesses.3 min read
BusinessScimplify raises $25M to scale AI-driven production of critical materials and reduce reliance on ChinaIndian startup Scimplify has secured $25 million in an all-equity strategic round led by Hitachi Ventures to scale its AI-driven platform for producing specialty chemicals and critical materials.4 min read
BusinessNvidia takes minority stakes in four French tech startups including DoctolibAccording to Les Echos via Reuters, Nvidia has acquired minority equity positions in French startups Doctolib, Genesis AI, Pigment and Entalpic.2 min read
BusinessVolta's $5B Norway Data-Center Loan Highlights Strains in AI FinancingVolta, a recently founded AI infrastructure company, is seeking a $5 billion financing package for a Norway data center that has met pushback from lenders demanding more security and higher rates.3 min read
BusinessSatlyt raises $8M to run AI software on satellites, aims to create an orbital compute cloudSatlyt, founded by Kenyan American engineer Rama Afullo, raised an $8 million seed round to develop software that runs AI models across satellites and reduces costly ground downlinks.3 min read
BusinessBank of America strategist warns >10% US equity drop if Democrats control both chambersBank of America Chief Strategist Michael Hartnett warns that US stocks could fall by more than 10% if the Democratic Party wins control of both houses of Congress ahead of the midterm elections.2 min read
BusinessSpaceX Super Intelligence bundles X Premium, Grok and Cursor into a single 'X Subscription'SpaceX Super Intelligence has combined its paid services — X Premium, the Grok AI chat and Cursor coding assistant — into a single offering called "The X Subscription." The bundle provides five tiers (Free, Plus, Premium, Super, Ultra) with increasing AI usage caps; access to the newest Grok models requires Premium or higher.2 min read
BusinessBumble to Be Taken Private in $1.3 Billion Deal by Ithaca HoldingsBumble has agreed to be acquired by Ithaca Holdings for $1.3 billion, a move that will take the dating app private after years of declining revenue and users.2 min read
BusinessThe Cursor service is now part of the X subscriptionCursor is now part of the X subscription; existing Cursor subscribers can keep their plan or switch to the X subscription.1 min read
BusinessMark Zuckerberg Rejects Industry-wide AI Moratorium, Pushes Large Investment in Agent ModelsMark Zuckerberg has publicly opposed calls for an industry-wide moratorium on advanced AI development, arguing that individual labs should integrate safety and alignment into day-to-day work and that market incentives will ensure responsible development.3 min read
BusinessKermann acquires Optimaze to strengthen safe AI and RPA servicesKermann IT Solutions has acquired Optimaze Consulting to expand its robotic process automation and generative AI capabilities as Hungarian companies move from experimentation to deployment.4 min read
