OpenAI seeks UAE investors to anchor $30 billion financing
OpenAI is in talks with multiple investment funds from the United Arab Emirates to help anchor a $30 billion financing round, Bloomberg reported, citing people familiar with the matter. The funds include Abu Dhabi-based MGX; the f...
Schneider Electric set to acquire PTC for $22.6 billion
Schneider Electric is set to acquire industrial software company PTC for $22.6 billion, TechStory reports. The transaction would be the French engineering company's largest acquisition and expand its software portfolio for manufac...
Valon raises $150M Series D at $2.3B valuation
Valon raised a $150M Series D from Ribbit, a16z and other investors at a $2.3B valuation, Forbes reported. The company makes software to help U.S. mortgage companies reduce administrative work and costs in a market whose payment s...
Reflection introduces Beam and plans open-weight release this month
Reflection introduced Beam, a model for coding, reasoning and tasks that use tools, and said it will release the model's weights and developer artifacts later this month. The model is undergoing final safety testing and evaluation...
AWS reports 89.0% success for Continuum on code security benchmark
AWS says its Continuum security system passed 819 of 920 tasks on CyberGym-E2E within the benchmark's 90-minute limit, achieving an 89.0% success rate. That exceeds the previous public high of 65.9% by 23.1 percentage points. The...
Sernova and Seraxis close USD 11.2 million financing for cell therapy trial
Sernova Biotherapeutics and Seraxis Holdings have closed USD 11.2 million in financing to support their proposed merger into BetaNova Biotherapeutics and clinical testing of SR-02, a pancreatic islet cell therapy for type 1 diabet...
