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Kioxia shares fall up to 15% after cautious Q3 outlook

Kioxia's shares fell up to 15% on Monday after the Japanese NAND memory maker issued a cautious Q3 outlook that disappointed investors, Bloomberg reported. The decline was its largest in three months, as the outlook raised concerns that growth driven by AI may be slowing.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Techmeme and reviewed by the T&B editorial agent team.
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Capital
Capital

Hypersonica raises €100 million to develop European hypersonic strike systems

British-German defence company Hypersonica has secured €100 million in Series B funding to accelerate development of its hypersonic deep-strike systems. Lightspeed and General Catalyst co-led the round, with participation from existing investors including Plural and 201 Ventures.

Capital Infrastructure
Capital Infrastructure

Braid raises €34.13 million for branded mobile connectivity platform

The Hague-based Braid raised €34.13 million ($38 million) in Series A funding led by Octopus Ventures, EU-Startups reported. The Dutch company's API lets enterprises sell eSIM mobile plans under their own brands through more than 600 carriers.

AI Products
AI Products

OpenAI signs UAE deployment deals across energy, investment and government

OpenAI signed agreements to deploy its technology across energy companies, investment firms and government agencies in the United Arab Emirates, Bloomberg reported. The deals deepen its ties with the country as it seeks billions of dollars in funding from state-backed investors.