AWS acknowledges permanent customer-data loss after Iran strikes
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.
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.
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.