IBM cut its full-year sales outlook on Wednesday after reporting a sharp drop in demand for its mainframe business, lowering its revenue growth target to four to five percent from a prior forecast of more than five percent. The company also trimmed its software unit guidance, with CFO Jim Kavanaugh telling Bloomberg that annual software […]

OpenAI president Greg Brockman called Moonshot AI’s Kimi K3 “pretty good” in a Bloomberg interview on Tuesday, a rare public acknowledgement from a US frontier lab that a Chinese rival has produced a competitive model. Brockman said it is “too early” to determine whether Moonshot trained K3 by distilling outputs from OpenAI’s own systems, a […]

Meta will not face a second jury trial over claims that its social media platforms are addictive to minors after the teenage plaintiff at the centre of the case chose to dismiss his claims. The boy, a 15-year-old from Panama City, Florida, was set to go to trial on July 27 in Los Angeles Superior […]

Federal agencies have committed more than $5 billion to the Genesis Mission, an Energy Department-led effort to use artificial intelligence to accelerate scientific research, White House science adviser Michael Kratsios announced on Wednesday. The initiative selected 278 projects from more than 5,000 applications, Energy Secretary Chris Wright said at a summit in Washington. More than […]

Meta has hired Assaf Keren as its next chief information security officer, filling a vacancy created when Guy Rosen announced his departure in June after 13 years at the company. Keren joins this week from software platform Qualtrics, where he spent two years as chief security officer, and previously held the same title at PayPal. […]

Monday.com is cutting roughly 20 percent of its global workforce, about 620 people, as the Israeli project management company restructures around what it calls its AI Work Platform. The company disclosed the plan in a Form 6-K filed with the US Securities and Exchange Commission on Tuesday, citing the need to support a leaner operating […]

Arrakis, a London and Paris startup building what it calls an AI operating system for industrial companies, has emerged from stealth with $38 million in total funding and a thesis that the biggest returns from artificial intelligence will come from factories and supply chains, not office software. The company raised a $30 million Series A […]

Battery-electric registrations across 17 European markets hit 275,060 in June 2026, a jump of nearly 40 percent compared to the same month last year, according to the E-Mobility Europe bulletin published by New AutoMotive. The figure pushed EVs past 25 percent of all new car sales in those markets for the first time. It also […]

Cisco’s new Antares models are small enough to run on your own machines. And, it claims, they beat Google’s Gemini and rival GPT-class systems at finding bugs. It is releasing them open-weight, though it is vetting who gets access. The pitch from Cisco is a quiet rebuke to the frontier-model arms race. You do not […]

Samsung used its Galaxy Unpacked event in London on Tuesday to launch six products at once, its broadest hardware refresh in years. The lineup includes the Galaxy Z Fold8 Ultra, the first time Samsung has brought its Ultra designation to a foldable, alongside a reimagined Z Fold8 with new display proportions, a slimmer Z Flip8, […]