Iris says Bolivia carrier VIVA is live on its telecom financial network
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.
Salesforce's agreement to acquire military logistics software developer Rune Technologies is worth $375 million in cash and stock, Resilience Media reported. Rune builds AI software that helps the US military predict supply needs and manage logistics in the field.
China's upgraded free-trade agreement with Peru took effect Sunday, according to the Ministry of Commerce in Beijing. The agreement expands rules covering e-commerce and global supply chains, alongside provisions addressing competition policy and the environment.
Intel is reallocating manufacturing resources from client processors to server CPUs as demand exceeds supply, Tom's Hardware reported, citing company executives.