AI & RoboticsNews

Canadian pension giant joins race to fund India’s AI-fueled data center boom

As global investors race to fund the infrastructure underpinning the artificial-intelligence boom, Canada Pension Plan Investment Board’s CPP Investments has committed up to ₹70 billion (about $741 million) to Indian data center operator CtrlS, betting on India’s growing role in the global buildout of cloud and AI infrastructure. Under the partnership announced on Wednesday, CPP…
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AI & RoboticsNews

SpaceX to acquire Cursor for $60B in stock, days after blockbuster IPO

SpaceX has agreed to acquire AI coding startup Cursor in a $60 billion stock deal, just a few days after the space company’s historic IPO and less than two months after announcing a tie-up between the two. The deal is meant to help SpaceX’s AI division – built around Elon Musk’s AI company xAI, which SpaceX merged with earlier this year – catch up to the major AI…
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AI & RoboticsNews

As AI agents become employees, NewCore emerges with $66M to give them identities

Cybersecurity startup NewCore emerged from stealth with $66 million in funding on Monday, aiming to solve a challenge it believes many companies will soon face as they deploy AI agents: how to authenticate, govern, and control them at scale. The seed round was led by cybersecurity-focused venture firm Cyberstarts, with participation from Index Ventures and Evolution Equity Partners, valuing…
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AI & RoboticsNews

The AI layoff wave is becoming a powder keg

The trend appears to be accelerating. Tech layoffs hit their highest single month in two years last month, with nearly 40,000 cuts, and AI was the most-cited reason for layoffs across every industry for the third month running, according to outplacement firm Challenger, Gray…
AI & RoboticsNews

SpaceX IPO: Live updates on everything you need to know

SpaceX has captured the attention of media, investors, and the public for years now – interest propelled by the company’s reusable rocket launches, the rise of its Starlink satellite network, and of course, for its founder and CEO Elon Musk. But in its 24-year history, nothing quite compares to this initial public offering. Everyone seems to be interested, and perhaps it’s…
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