BusinessAdobe to Acquire Topaz Labs to Bolster Image and Video AI CapabilitiesAdobe announced it will acquire Topaz Labs, a long-standing developer of AI-driven image and video enhancement tools, and fold the company into its creative business.2 min read
BusinessAmazon pledges an additional $13 billion to expand AWS data centers and retail operations in IndiaAmazon announced a further $13 billion investment in India to expand its AI and cloud footprint through 2030, including increased Amazon Web Services data center capacity in Mumbai and Hyderabad.3 min read
BusinessChinese AI firm Zhipu considers multibillion-dollar share sale after 2,000% post-IPO surgeChinese startup Zhipu is exploring a multi‑billion dollar share sale after its stock rose roughly 2,000% since its January IPO, Bloomberg reported.2 min read
BusinessQualcomm enters data‑center AI chip market, signs Microsoft and Meta as customersQualcomm announced at a Wednesday investor briefing that Microsoft and Meta will use its new AI chips and that it will build custom processors for two unnamed cloud providers.2 min read
BusinessVishal Sikka’s Hang Ten Systems raises $32M to offer AI-driven IT servicesVishal Sikka, former Infosys CEO, launched Hang Ten Systems to automate enterprise software development and operations using AI, and has closed a $32 million seed round led by Mayfield with participation from Aramco Ventures and angel investors.4 min read
BusinessCerebras warns narrower full-year margins after Q1 results, shares tumbleCerebras Systems reported stronger-than-expected first-quarter revenue and a smaller net loss, but warned full-year gross margin would be lower than Q1 due to a temporary equipment rental arrangement.2 min read
BusinessMemory-chip shortage drives Micron’s profits and stock surgeA global shortage of memory chips, intensified by growing demand from AI applications, has lifted Micron Technology’s revenue and share price.2 min read
BusinessL'Oréal supplies its product data directly to OpenAI for ChatGPT integrationL'Oréal has entered a foundational partnership with OpenAI that lets the cosmetics group provide up-to-date product information directly to the models that power ChatGPT.2 min read
BusinessSoftBank CEO Son Masayoshi Says AI Is Just Beginning, Pushes for Robot Mass Production and Data CentersAt SoftBank's annual shareholders' meeting, founder and CEO Son Masayoshi argued that artificial intelligence is in its early stages and called suggestions of an AI bubble an "insult".2 min read
BusinessAbu Dhabi-backed AIQ targets US and other overseas oil markets with ADNOC-tested AI toolsAIQ, a joint venture between ADNOC and Presight (part of G42), plans to market AI systems developed over six years in Abu Dhabi to oil and gas firms abroad, with the United States as a top priority.2 min read
BusinessMeta launches affordable, display-free 'Meta Glasses' with Meta AIMeta introduced a new line of wearable eyewear developed with EssilorLuxottica that does not include a visual display but integrates camera, microphone, speakers and a button to activate Meta AI.2 min read
Business4iG CEO Discusses Energy and Infrastructure Investments with UAE Leaders in Abu Dhabi4iG Group Chairman-CEO Jászai Gellért held talks in Abu Dhabi with senior figures from the United Arab Emirates' energy and development sector about potential investments in Central and Eastern Europe and the Western Balkans.2 min read
