Microsoft announced a new operating business called Microsoft Frontier company on Thursday, backed by a $2.5 billion investment and 6,000 industry and engineering experts. The venture is focused on delivering enterprise AI deployments using Microsoft’s existing tools, with early partnerships including the London Stock Exchange Group, Unilever, Land O’Lakes, and Accenture. Commercial Business CEO Judson […]
Cloudflare has set the AI industry a deadline. From September, it will block the crawlers that hoover up content for AI training. Any page that carries ads becomes off-limits, unless the site’s owner says otherwise. The pitch is simple: stop giving the web away for free. The company sits in front of a large share […]
A $3.7bn plan to merge the world’s two biggest stock-photo libraries has collapsed. The reason is not America, where regulators waved it through. It is Britain, where a single condition proved a deal-breaker. Getty Images will terminate its merger with Shutterstock, the company said this week. Its board voted unanimously to walk away after the […]
Novo Holdings, the investment company that controls Novo Nordisk and holds the wealth of the Novo Nordisk Foundation, is backing a fund aimed at Italian drug startups, according to Bloomberg. The move extends a pattern that has seen the Danish investor push capital into life sciences hubs well outside Copenhagen, including European deep-tech vehicles backed alongside the […]
Microsoft has joined a consortium led by Singapore-based Lightstorm to build a new subsea cable connecting India with Singapore and Malaysia, the companies announced on Thursday. T he I-2SEA system will run 3,600 kilometres and is intended to support the AI, cloud and hyperscale workloads that have made India one of the world’s most contested data […]
SoftBank has gone back to lenders with a $10bn loan proposal secured against its OpenAI stake, and this time it is offering to personally guarantee the debt, according to Reuters, which cited people familiar with the discussions. The concession gives banks recourse to SoftBank itself if the pledged OpenAI shares fall short of covering the […]
SK Hynix will spend 80 trillion won, or roughly $51.46 billion, building a new NAND flash memory factory in Cheongju, South Korea, with production targeted to begin in the first half of 2029. Chief executive Kwak Noh-jung announced the plan at an event attended by President Lee Jae Myung, folding the new fab, called M17, […]
Ubisoft has hired Christoph Hartmann, until recently vice president of Amazon Games, to run the division that controls its Tom Clancy properties. He takes over as general manager of Creative House 2, the unit built around The Division, Ghost Recon and Splinter Cell, according to Ubisoft’s own statement. The appointment lands at a delicate moment for […]
UiPath spent much of the year as one of software’s biggest disappointments. Now the Romanian-founded automation firm is clawing back. Its first profit and an all-in bet on AI agents are the reason. Shares in UiPath have rebounded in recent weeks. They are up around 15 per cent over the past five days, lifting the […]
Few people have done more to automate the office than Daniel Dines. So it is striking that the UiPath founder’s message on AI and jobs is a plea for patience, and a confession that he feels the anxiety too. Dines built UiPath into one of Europe’s biggest software success stories by selling robots that do […]
