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As manufacturers across industries strive to reduce their reliance on Chinese suppliers, Indian startup Scimplify has raised $25 million to expand its AI-powered approach to producing specialty chemicals and critical materials, with semiconductors, defense and energy emerging as key growth markets. The all-equity strategic round was led by Hitachi Ventures, with customers Henkel and Teknor…
Peak XV Partners, one of the largest venture capital firms investing in markets including India and Southeast Asia with more than $10 billion in assets under management, has increased how much it invests per startup through Surge, its seed-stage investing platform, as it unveils a new cohort of 18 companies. At least three of the…
While Silicon Valley is spending billions to make AI agents shop for us, the man who pioneered Apple’s retail stores thinks the industry is overestimating how much of shopping people will hand over to machines — and believes physical stores will continue to thrive. Ron Johnson, 66, has heard predictions about the demise of physical…
Huawei is moving up the launch of its next-generation Ascend 960DT AI chip to the first quarter of 2027, as it races to challenge Nvidia, the company said on Thursday at its Huawei Connect conference. The Chinese tech giant had previously planned to launch the chip in Q3 of 2027, a Huawei spokesperson told TechCrunch….
British fintech Revolut confirmed that it disclosed sensitive customer information to an unauthorized third party after receiving fraudulent requests sent from a legitimate government agency email domain. The exposed data included customers’ identity and contact details, including their birth date, postal and email addresses, and phone numbers, as well as copies of their identity documents…
In July and August, Washington tightened restrictions on foreign-made advanced robotic systems and imposed steep tariffs on imported drones and their components, both moves citing national-security concerns. The drone tariffs take effect in September, with additional component tariffs following in 2027. These moves are part of a broader U.S. effort to restrict foreign technology in…
Nearly every company that’s trying to deploy artificial intelligence runs into the same problem: it’s hard to integrate the tech into everyday operations. Industrial heavyweight Caterpillar has spent decades dealing with a version of that problem in the physical world, and now it’s using its experience to deploy AI. Caterpillar’s push into the autonomous space…
Binance, the world’s largest crypto exchange with more than 300 million registered users, on Thursday launched a platform that lets AI agents analyze markets and execute trades on users’ behalf, bringing autonomous AI directly into the business of managing real money. Called Agent OS, the platform lets developers connect AI applications and agents to Binance’s…
Since the end of last month, several water utilities in the United States have been hit by cyberattacks, causing alarm in the country. For years, water utilities and other critical infrastructure facilities in the power sector, for example, have been targeted by hackers, whether government-backed or individuals. What makes this recent series of attacks—allegedly carried…
The FBI has been using hacking techniques and tools, such as spyware, since at least 1998, but to date there is no public data counting how often the feds were deploying them. That’s about to change — at least for the use of spyware for tapping into someone’s real-time communications. Starting in 2029, U.S. judiciary…