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...
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...
Lumina simulation combines galaxy formation and radiation across larger cosmic volume
Researchers at MIT, Harvard and other institutions have presented Lumina, a simulation that tracks galaxy formation and radiation across 2 billion years of early cosmic evolution. MIT says it captures both hydrogen and helium re-i...
UK commits £100m to AI biosecurity lab
The UK government will put £100m into a new AI Biosecurity Lab to detect biological threats and accelerate vaccine and treatment research, the Cabinet Office said Saturday. OpenAI and Anthropic will contribute up to £200m between ...
Dream Labs announces $90M seed funding and public robot-control API
Dream Labs announced $90M in seed funding and opened a public API for Dream-1, a model for controlling robots with two arms and parallel grippers. The company says the model can perform tasks on previously unseen robots without de...
OpenAI lowers funding valuation target to $1.25tn
OpenAI has lowered the valuation it seeks in a new funding round to $1.25tn from $1.4tn after some investors resisted the higher price, the Financial Times reported, citing documents it reviewed. The company is close to raising u...
