AI Industry
Schneider Electric to Buy PTC in $22.6 Billion Software Deal
French energy technology company Schneider Electric has agreed to acquire U.S. industrial software maker PTC for approximately $22.6 billion, in its largest acquisition...
Snorkel AI Valuation Jumps to $3.5bn as Demand for Advanced Training Data Grows
Artificial intelligence data startup Snorkel AI has raised $350 million in fresh funding, taking its valuation to $3.5 billion as demand for specialised...
AI Boom Fuels Surge in PFAS Production, Raising Environmental Concerns
By Benson Daniel Campaigners have raised concerns over a planned surge in the production of PFAS, widely known as “forever chemicals”, as manufacturers...
DeepSeek Taps CITIC Securities for Planned Shanghai IPO
Chinese artificial intelligence startup DeepSeek has hired CITIC Securities to prepare for a potential listing on Shanghai’s STAR Market, with the company aiming...
Nvidia Confirms $12.93bn Acquisition of Hugging Face in Major AI Expansion
By Benson Daniel Nvidia has agreed to acquire artificial intelligence developer platform Hugging Face for $12.93bn, in one of the chipmaker’s biggest moves...
China Defies Western Decline Predictions as AI Ambitions Gather Pace
By Benson Daniel For years, predictions of China’s economic collapse have appeared with striking regularity. Debt, a property crisis, demographic pressures, political controls...
Soitec Secures Multi-Year Deals as AI-Driven Wafer Demand Surges
French semiconductor materials company Soitec is securing multi-year agreements with customers as demand for advanced semiconductor wafers continues to accelerate, driven by the...
raft documents prepared ahead of SB Energy’s planned initial public offering.
The warrants are reportedly part of an agreement designed to secure OpenAI as a major customer for SB Energy’s growing data-center business. The...
