Standard Chartered AI integration will lead to 7,800 job cuts by 2030 as the bank pivots toward automation and efficiency in its corporate functions.
Mercury reaches a $5.2B valuation after a $200M Series D. The fintech firm is scaling AI-native banking tools and pursuing a US national bank charter.
Samsung Electronics hits a $1 trillion valuation and settles a $26.6B labor deal to secure Samsung AI chip production amid the global hardware boom.
The EU Digital Omnibus updates AI Act compliance timelines for high-risk systems and provides administrative relief for small and mid-cap companies.
AWS Nova Act is now HIPAA eligible, allowing healthcare firms to use agentic AI in healthcare for autonomous claims processing and referral coordination.
The EU has selected EQT to manage the €5 billion Scaleup Europe Fund, aiming to provide late-stage capital and retain high-growth tech firms within the region.
Alibaba debuts the Zhenwu M890 AI processor with 144GB HBM and a multi-year roadmap to challenge NVIDIA in the AI training and inference market.
AMD announces a $10 billion AMD Taiwan AI investment to scale advanced packaging for Venice CPUs and Instinct MI450X GPUs by late 2026.
Ericsson implements SAP Business Data Fabric to scale AI for 85,000 users, utilizing a federated data architecture to accelerate global decision-making.
Tenable Hexa AI launches with Anthropic's Claude to automate cyber risk management and vulnerability remediation using agentic multi-step reasoning.
EY and Microsoft expand their alliance with a $1B investment to scale enterprise agentic AI, targeting 95% faster lead times and workforce transformation.
NVIDIA H200 China sales hit zero as Beijing blocks domestic firms like Alibaba and Tencent from buying U.S. AI chips amid security and tax concerns.
Gartner forecasts global AI infrastructure spending will drive the market to $2.59 trillion by 2026, a 47% increase led by hyperscalers and hardware demand.
Amca hits a $1B valuation with $300M in new funding to scale its RAPID platform and modernize the U.S. defense supply chain for programs like the F-35.
Socket raises $60M at a $1B valuation to expand its AI software supply chain protection platform, blocking 10,000 attacks weekly.
