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Alibaba launches Wan3.0 AI video model after $10 billion share sale
Reuters31d agoneutral
Alibaba launches Wan3.0 AI video model after $10 billion share sale

Alibaba officially rolled out its latest AI video ‌generation-model Wan3.0 on Monday with ‌enhanced capabilities after the Chinese internet giant launched ​a $10 billion share placement to fund rising AI spending. The new model can generate 30-second videos from documents, spreadsheets, ‌slides and web ⁠pages, Alibaba Cloud said in a post on the WeChat ⁠platform. Alibaba said Wan3.0 had been used in short drama and film ​production, advertising ​and marketing, tourism ​promotion and music ‌video creation since a public beta version was launched on August 6.

Eli Lilly launches oral weight-loss pill in UK pharmacies
Proactive32d agoneutral
Eli Lilly launches oral weight-loss pill in UK pharmacies

Eli Lilly and Co (NYSE:LLY) has launched its once-daily weight-management and diabetes pill Foundayo in UK pharmacies, offering patients an oral alternative to injectable GLP-1 treatments. Foundayo, also known as orforglipron, is available from Monday through private prescription after the...

Xiaomi launches new Xring chip, partners with TSMC for production, sources say
Reuters32d agoneutral
Xiaomi launches new Xring chip, partners with TSMC for production, sources say

Chinese smartphone maker Xiaomi on Monday unveiled a new version of its in-house Xring handset processor, betting that deeper control over key components will help strengthen its supply chain ‌and reduce reliance on external chip suppliers. The introduction of Xring O3 comes a year after Xiaomi launched ‌its first proprietary smartphone processor, the Xring O1, marking the latest step in the world's third-largest smartphone vendor's push to join rivals such as Apple, Samsung ​Electronics and Huawei in developing its own chips. TSMC will manufacture the new chip using its 3-nanometre production technology, two people familiar with the matter said.

Xiaomi launches new Xring chip, partners with TSMC for production, sources say
Reuters32d agoneutral
Xiaomi launches new Xring chip, partners with TSMC for production, sources say

Chinese smartphone maker Xiaomi on Monday unveiled a new version of its in-house Xring handset processor, betting that deeper control over key components will help strengthen its supply chain ‌and reduce reliance on external chip suppliers. The introduction of Xring O3 comes a year after Xiaomi launched ‌its first proprietary smartphone processor, the Xring O1, marking the latest step in the world's third-largest smartphone vendor's push to join rivals such as Apple, Samsung ​Electronics and Huawei in developing its own chips. TSMC will manufacture the new chip using its 3-nanometre production technology, two people familiar with the matter said.

Atlassian (TEAM) Unveils Code Context For AI Powered Code Discovery In Open Beta
Simply Wall St.33d agoneutral
Atlassian (TEAM) Unveils Code Context For AI Powered Code Discovery In Open Beta

Atlassian (NasdaqGS: TEAM) has introduced Code Context, an AI-powered capability within the Atlassian Teamwork Graph for secure, organization-wide code discovery and understanding. The new feature is designed for large multi-repository codebases and aims to give developers and agents a unified context layer across code and related data sources. Code Context launches in open beta with support for leading version control systems and integration across the broader Atlassian ecosystem. For...

Cerebras Systems (CBRS) Unveils CS 4 AI Accelerator
Simply Wall St.34d agoneutral
Cerebras Systems (CBRS) Unveils CS 4 AI Accelerator

Cerebras Systems (NasdaqGS:CBRS) launches its CS-4 AI accelerator, which the company says delivers an unprecedented speed advantage over current GPU-based systems. The CS-4 targets high-performance inference workloads and aims to reset expectations for latency and throughput in AI deployments. Cerebras agrees a European partnership with Callosum to provide ultra-low-latency heterogeneous agentic inference for advanced AI applications. The Callosum collaboration expands Cerebras Systems’...

GitLab (GTLB) Unveils Major Agentic AI And Enterprise Security Updates
Simply Wall St.34d agoneutral
GitLab (GTLB) Unveils Major Agentic AI And Enterprise Security Updates

GitLab (NasdaqGS:GTLB) announced major updates to its agentic AI and enterprise security tools, including the scalable GitLab Duo Agent Platform. The release introduces Secrets Manager to centralize and protect credentials across software projects. New automated vulnerability triage solutions aim to streamline security issue prioritization for regulated and data-sensitive enterprises. GitLab is far from the only company tied to this push into AI powered software infrastructure, so it can be...

Lucid Group (LCID) Unveils The Gravity GT S SUV
Simply Wall St.34d agoneutral
Lucid Group (LCID) Unveils The Gravity GT S SUV

Lucid Group (NasdaqGS:LCID) partners with Munsterhuis Autobedrijven to expand its retail presence in the Netherlands. The company introduces the high performance Lucid Gravity GT-S SUV as a new flagship in its luxury electric lineup. The Dutch partnership strengthens Lucid’s European distribution reach through an established local automotive group. The Gravity GT-S targets the premium electric SUV segment with a focus on performance and brand differentiation. For broader context on where...

AeroVironment (AVAV) Forms AV Eagle Joint Venture In Greece
Simply Wall St.34d agoneutral
AeroVironment (AVAV) Forms AV Eagle Joint Venture In Greece

AeroVironment (NasdaqGS: AVAV) has formed AV Eagle, a new joint venture in Greece with Eyeonix SA, to expand European defense manufacturing and market reach. The AV Eagle venture is intended to localize production of unmanned systems and related technologies within Europe. The move marks a new phase in AeroVironment's global expansion, with potential implications for its European positioning and supply chain resilience. Consider broadening your watchlist to other defense and dual use...

Elon Musk Says SPCX Could Reach 10,000 Starship Launches Annually by 2030: ‘Still Tiny’ Compared With Air Travel
Benzinga35d agoneutral
Elon Musk Says SPCX Could Reach 10,000 Starship Launches Annually by 2030: ‘Still Tiny’ Compared With Air Travel

Space Exploration Technologies Corp. (NASDAQ:SPCX) CEO Elon Musk says that the commercial spaceflight company has targeted conducting 30 launches of the Starship rocket per day by 2030. 10,000 Launches Annually Mach 33 co-founder Aaron Burnett on X on Thursday said that “1,000 launches/reentries is the goal,” quoting a post by President Donald Trump‘s Science and Technology Advisor Michael Kratsios, who outlined the administration’s new space launch rules targeting 1,000 launches annually by 203

Micron unveils $10 billion AI memory research lab in Boise
Reuters35d agoneutral
Micron unveils $10 billion AI memory research lab in Boise

Micron Technology said on Thursday it plans to spend $10 billion on its newly ‌established research lab at Boise, Idaho, over the ‌next decade to advance memory technologies, develop compute systems and support future ​chip manufacturing. Large memory chipmakers such as Micron, Samsung Electronics and SK Hynix have been benefiting from a surge in demand from the rapid expansion of AI infrastructure. • The latest investment builds on the more than $250 billion that Micron had separately committed to ​manufacturing and ​R&D across the United States.

Is Mercury Systems (MRCY)’s Partnership With Palantir Technologies (PLTR) the Catalyst for a Hardware Turnaround?
Insider Monkey35d agobullish
Is Mercury Systems (MRCY)’s Partnership With Palantir Technologies (PLTR) the Catalyst for a Hardware Turnaround?

On August 3, Mercury Systems, Inc. (NASDAQ:MRCY) and Palantir Technologies Inc. (NASDAQ:PLTR) announced a strategic alliance aimed at automating material planning and factory operations for U.S. military programs. Working directly alongside the U.S. Department of War, Palantir is leveraging its software suite to boost throughput and slash delivery timelines for key defense industrial suppliers. MRCY […]

United States Antimony (UAMY) Starts Smelter Commissioning And Unveils $100 Million Repurchase Program
Simply Wall St.35d agobearish
United States Antimony (UAMY) Starts Smelter Commissioning And Unveils $100 Million Repurchase Program

United States Antimony (NYSE:UAMY) has begun commissioning its newly built Thompson Falls antimony smelter, with the aim of expanding production capacity. The company also announced a US$100 million share repurchase program, indicating management confidence in its fundamentals. Both moves may influence United States Antimony's operating profile and the value of its stock for existing and potential shareholders. These developments at United States Antimony highlight how some resource...

Eshallgo Secures Exclusive North American Distribution Partnership With Zhongshan Senwei
InvestorsHub36d agobullish
Eshallgo Secures Exclusive North American Distribution Partnership With Zhongshan Senwei

Eshallgo’s California subsidiary will exclusively distribute Zhongshan Senwei printing consumables in North America, initially targeting major e-commerce channels as the company builds its overseas operations. Key Investor TakeawaysEshallgo (NASDAQ:EHGO) has secured an exclusive North American distribution partnership with Chinese printing consumables manufacturer Zhongshan Senwei.

Snowflake (SNOW) Unveils AI Model Routing To Cut Enterprise Cost And Lock In Flexibility
Simply Wall St.36d agoneutral
Snowflake (SNOW) Unveils AI Model Routing To Cut Enterprise Cost And Lock In Flexibility

Snowflake (NYSE:SNOW) introduced dynamic model routing in its Cortex AI Gateway, allowing enterprises to select between multiple AI models for different tasks. The feature is designed to balance task complexity, governance needs, and cost when choosing models for production AI workloads. Customers can reduce reliance on any single AI provider by routing queries across different underlying models within Snowflake's platform. The update positions Snowflake as both a data platform and an AI...