News

Schneider Electric has launched a landmark multi-year initiative to develop an AI-native ecosystem aimed at enhancing sustainability and energy management. This move positions the company at the forefront of digital transformation in the energy sector, leveraging advanced AI technologies to optimize energy efficiency and support sustainable practices worldwide. The initiative is part of Schneider Electric’s…

Ubisoft has announced a significant restructuring of its business following a $1.25 billion minority investment from Chinese conglomerate Tencent. This investment has led to the formation of a dedicated subsidiary tasked with overseeing three of Ubisoft’s most successful franchises: Assassin’s Creed, Far Cry, and Rainbow Six Siege. The new entity will include Ubisoft development teams…

WeRide Inc., a global leader in autonomous driving technology, announced its unaudited financial results for Q1 2025, highlighting significant progress in the expansion of its commercial Robotaxi services worldwide. The company is actively scaling its autonomous driving deployments with over 1,200 autonomous vehicles operating across multiple regions, including Asia, the Middle East, and Europe. A…

Intel Corporation has commenced a significant wave of job cuts impacting thousands of employees both in the U.S. and Israel. This follows the new CEO Lip-Bu Tan’s major cost-cutting and restructuring push to streamline operations and focus on core business areas. The company started laying off employees on July 7, 2025, with notable reductions in…

Tesla Named Official Autonomous Vehicle Operator in Austin Ahead of Robotaxi Launch Tesla has recently been listed as an official autonomous vehicle (AV) operator on the Austin, Texas Department of Motor Vehicles (DMV) website, marking a major step towards the launch of its long-anticipated Robotaxi service in the city. This inclusion signals Tesla’s intent to…

Nebius Launches UK AI Infrastructure Expansion On June 9, 2025, Nebius (NASDAQ: NBIS), a leading AI infrastructure company, announced its expansion into the UK with a deployment of NVIDIA Blackwell Ultra GPUs. This initiative enhances the UK’s national digital infrastructure to support a broad range of sectors, including startups, enterprises, academia, and public services such…

CoreWeave, a rapidly growing cloud computing company specializing in GPU-based infrastructure for AI, is in advanced talks to acquire Core Scientific, a bitcoin mining and hosting provider that has pivoted aggressively into AI infrastructure. The news caused Core Scientific shares to surge about 33% on June 26, 2025, reflecting strong investor optimism about the deal,…