Sycamine says Japan committed $21 billion to two GlobalFoundries fabs
Japan has committed $21 billion to two GlobalFoundries chip plants in Malta, New York, under an agreement lasting at least 20 years, investment firm Sycamine Capital Management said in a press release. A vehicle co-owned by the US...
Meta plans $95B stock financing for AI expansion
Meta plans to raise $95B through a stock offering to finance its AI expansion, the Financial Times reports. The financing includes a $35B underwritten equity offering, with Nvidia, AMD and Broadcom set to act as cornerstone invest...
Solvent preprint reports 61.86% score across molecular synthesis planning benchmarks
Researchers report that Solvent, an eight-billion-parameter language model, scored 61.86% across four benchmarks for planning how to make molecules from purchasable building blocks. The preprint reports a 2.1-fold performance impr...
AmTrust buys Wakam, restoring underwriting capacity for embedded insurance platform
AmTrust International has acquired and recapitalised Wakam, restoring underwriting capacity for its European embedded insurance platform, Insurance Business America reported. The October 26 deal announcement said Wakam could immed...
Moonshot says Kimi K3.1 Pro filtering reduces exploit-solving performance
Moonshot AI says it removed cyber-related training data and reinforcement learning environments from Kimi K3.1 Pro, reducing its performance on the company's internal exploit benchmark. The filtered model solved 81% of tasks, comp...
Tech Mahindra buys Finastra cash management products and intellectual property
Tech Mahindra has acquired three Finastra cash management products and their intellectual property, expanding its banking software portfolio. The acquisition covers Fusion Cash Management, Fusion Virtual Accounts and Fusion Liquid...