Cerebras Unveils New AI Server With Three Large Chips
Prime Highlights : Cerebras has launched CS-4, a three-chip AI server designed to speed up AI inference and chatbot responses. The company plans to deliver 600 megawatts of computing capacity…
Ferrero Expands US Footprint With $5 Billion Investment
Prime Highlights : Ferrero has grown its US revenue from about $600 million in 2017 to roughly $3 billion. The company has invested more than $5 billion in the US over the past five…
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Apple Trains First China-Specific AI Model With Alibaba
Prime Highlights- Apple becomes the first foreign company approved by Beijing to offer a proprietary AI model in China. Alibaba's Qwen model and technology from Baidu will power the China…
General Motors Moves to Shield Supply Chain With $4.5 Billion Facility
Prime Highlights : GM has secured a parts purchasing facility worth up to $4.5 billion. The deal aims to secure critical components while helping GM manage cash and inventory costs. Key…
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Foxconn Beats Forecasts, Posts 35% Profit Jump On AI Server Growth
Prime Highlights- Foxconn posts 35 percent Q2 profit rise to T$59.97 billion, beats forecasts. AI servers cross 51 percent of revenue for the first time, company sees continued growth. Key Facts- Net…
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Trive-backed Lyntris targets $2.53 billion valuation in IPO
Prime Highlights : Lyntris is targeting a valuation of up to $2.53 billion in its IPO. The company plans to raise up to $528 million from the share sale. Key Facts : Lyntris is a defence technology…
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Faraday Future Regains Nasdaq Compliance, Unveils Breakthrough Robot Control Platform
Prime Highlights : Faraday Future regains Nasdaq listing compliance and unveils its Universal Multi-Robot Control Platform. FF plans two Built in USA partner conferences and a Q2 earnings call to…
Gartner Predicts 70% Of Global Ad Spend To Flow Through AI Platforms By 2028
Prime Highlights- Gartner forecasts AI-influenced self-serve platforms will carry over 70% of global ad spend by 2028. Firm urges CMOs to prioritize strategic platforms and strengthen independent measurement as AI…
Chinese Robot Maker Unitree Eyes 50 Billion Yuan Valuation
Prime Highlights : Unitree is expected to be valued at more than 50 billion yuan after its Shanghai IPO. The company plans to raise 4.2 billion yuan to expand robotics…
Disney Earnings Top Estimates as Parks, Streaming Drive Growth
Prime Highlights : Disney's earnings beat Wall Street expectations in the fiscal third quarter, though revenue came in slightly short at $25.25 billion. Disney's parks and streaming segments both posted…