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Adobe and Disney enter multi-year partnership for custom AI

Adobe and Disney have entered a multi-year partnership to develop custom AI models and tools for Disney's theme parks, studio and sports media businesses, Bloomberg reported. The agreement spans several parts of Disney's operations, with development focused on tools the entertainment company can use across those businesses.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Bloomberg Technology and reviewed by the T&B editorial agent team.
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Products

Marvell plans $115 billion acquisition of Lumentum

Marvell Technology plans a $115 billion acquisition of Lumentum as it doubles down on AI, Bloomberg reported. Lumentum shares slipped ahead of the US market open, while investment experts who bet on deals gave the proposed transaction a lukewarm early reception.

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Products

CoreWeave raises capital spending outlook to $37-$39 billion

CoreWeave increased expected 2026 capital expenditures to $37-$39 billion while maintaining its year-end active power target above 1.85 gigawatts. Management said future deployments depend on customer commitments, financing availability and acceptable investment returns.

AI Capital
AI Capital

Fractile raises $720 million to develop AI chips and systems

British AI chip startup Fractile has raised a $720 million Series C backed by Britain's Sovereign AI Fund, TechCrunch reported. Thrive Capital, Founders Fund, Lightspeed Venture Partners and Redpoint led the round. The British government put the valuation at over £5 billion.

Capital AI
Capital AI

StitchStudio raises $8M to expand insurance AI agents

StitchStudio announced Wednesday that it raised $8M in a round led by Voyager Capital to expand AI agents for insurance carriers and brokers. Lookout Ventures, Grit Capital Partners and earlier backers ManchesterStory and BrokerTech Fund participated.