Lumaril raises $66 million for industrial AI software
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.
NeuroXess raises RMB 700 million for brain-computer interfaces
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.
Five technology giants commit more than $3T to future spending
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.
Five tech giants cut buybacks 83% as capital spending exceeds operating cash flow
Microsoft, Alphabet, Amazon, Meta and Oracle cut share buybacks 83% to $13.6bn in the first nine months of 2026, The Next Web reported, citing a Reuters analysis of LSEG data and company reports.
S&P lowers Meta's credit outlook to negative over AI spending
S&P Global Ratings lowered the outlook on Meta Platforms' AA- credit rating to negative on Friday, citing pressure on its balance sheet from elevated spending tied to artificial intelligence. The action changes the outlook on the rating, rather than the AA- rating itself.
Baseten raises $2 billion as Tenstorrent secures $1.5 billion Series E
Baseten has raised $2 billion in a funding round led by Sands Capital, KuCoin reported. The financing is being conducted in two tranches, raising its valuation to $26 billion and then $30 billion. Baseten provides services for running and fine-tuning AI models.

