Ooma announces Starlink-backed home phone service
Image: Primary
Image: Primary Lumaril raised a $66 million Series A at a $400 million valuation, The Wall Street Journal reported. The company develops AI software that connects to manufacturers' existing control systems to optimize industrial production on factory floors.
Shanghai-based NeuroXess raised RMB 700 million in Series B funding, TechNode reported. SDIC Juli, Shenzhen Capital Group and Qinzhi Capital co-led the round.
Alphabet, Meta, Microsoft, Amazon and Oracle have committed more than $3T to future spending on data centres, leases, equipment and energy, The Next Web reported, citing Bloomberg. Alphabet accounts for more than $1T and Meta for more than $800B.
Intel is reallocating manufacturing resources from client processors to server CPUs as demand exceeds supply, Tom's Hardware reported, citing company executives.
Intel shares fell around 28% on Friday after the company forecast fourth-quarter revenue of $15 billion to $16 billion, below analysts' expectations of around $17 billion. TechCrunch reported that the decline cut the value of the government's Intel stake by $12 billion.
Alphabet, Amazon and Meta reported negative free cash flow as infrastructure spending rose, TechCrunch reported. Alphabet recorded negative $9.1 billion in the third quarter, Meta negative $2.1 billion, and Amazon negative $42.4 billion over the past 12 months.