Business and Industry covers the commercial adoption of artificial intelligence across corporate sectors and economic markets. Truncated covers enterprise deployments, industry investments, market trends, workforce impacts and regulatory compliance.
AI-generated summary SoundHound AI plans to partner with LG Electronics to bring restaurant ordering features to LG Smart TVs across the US. This integration enables television viewers to browse menus, select items, and pay for orders directly from their screens while watching content.
AI-generated summary Netflix is gradually starting a preview of its new AI Discover tab on supported TVs in the US for members using English. The new feature suggests content based around different themes to help you find new shows and movies to watch.
AI-generated summary AI inference startup Fal announced a new $1.3 billion financing round led by Bessemer Venture Partners that doubles its valuation to $16 billion. Chief executive officer and co-founder Burkay Gur says the startup raised the large amount in part to secure more computing power after a surge of demand led to customer rate limits.
AI-generated summary Schwarz Digits and Bull have announced plans to develop an independent European artificial intelligence and cloud infrastructure ecosystem to target sovereignty gains for enterprises across the region. Schwarz Digits says the memorandum of understanding will provide organizations operating in regulated and strategic sectors with a dedicated sovereign artificial intelligence architecture.
AI-generated summary Microsoft released its quarterly earnings report showing Azure grew 48% and overall company revenue increased by 19%. OpenAI accounted for a significant portion of Azure growth while Microsoft maintained an operating margin of approximately 50%.
AI-generated summary Alex Davis and his firm have made available a new $10 billion fund intended to back about 10 companies with checks of up to $1 billion each. The capital is directed toward opportunities in open-weight AI models, compute, and defense technologies as companies stay private longer.
AI-generated summary Salesforce launched its acquisition of Cresta to add customer-service artificial intelligence agent technology focused on voice applications. The deal marks the company's ninth acquisition of the year as the corporate leadership returns to previous growth strategies.
AI-generated summary Amazon Web Services, Databricks, and the London Stock Exchange Group made available the consumer sentiment study from Prosper Insights and Analytics for economic benchmarking. The survey data indicates that 16.4% of executives and business owners are already using agentic artificial intelligence while 52.4% have never heard of it.
AI-generated summary SoundHound AI announced a strategic partnership with LG Electronics to expand restaurant and merchant participation on LG Smart TVs in the United States. SoundHound AI says the collaboration gives participating businesses a new way to reach customers with an initial footprint of approximately 20 million LG Smart TVs in the U.S.
AI-generated summary A study examining the international advertising rollout of ChatGPT is available, highlighting its lower cost-effectiveness compared to Google Ads. The findings show that Google search advertising delivered significantly better value for money in terms of revenue generated per advertising dollar.
AI-generated summary EY Consulting launched discussions on bringing artificial intelligence return on investment to profit and loss statements during an AI Agenda Live event. EY Global AI Leader and Consulting CTO Dan Diasio says organizations must pivot from identifying use cases to driving business transformation to show financial returns.
AI-generated summary Fastagger launched the business intelligence assistant named Auni in 2024 to help small and medium businesses in Kenya analyze transaction data. About 6,000 businesses have signed up to use the app to examine sales, manage time, and obtain marketing recommendations.
AI-generated summary Apple released quarterly financial results showing $114.5 billion in revenue and $30.7 billion in profit, beating Wall Street expectations in John Ternus’s first earnings report as CEO. Rising memory chip costs remain a concern for the company as it navigates the current financial landscape.
AI-generated summary Pebble launches the Qore Vox in India as a screenless wellness band that integrates a wrist microphone and an on-device AI transcription engine. The device provides continuous health monitoring and local audio transcription supporting English, seven Indian languages, and 24 foreign languages without requiring a subscription fee.
AI-generated summary NTT plans to provide a service that uses artificial intelligence to help modernize corporate IT systems for Japanese companies. The company states that this move could improve cybersecurity for the roughly 60 percent of Japanese companies saddled with aging technology.
AI-generated summary Amperity available research shows that artificial intelligence assistants create another path to discovery for holiday shoppers. Derek Slager says that converting an initial purchase into a lasting relationship depends on how well a brand understands the customer.
AI-generated summary Whirlpool announced the introduction of its new Luxuriem four-door refrigerator range featuring artificial intelligence for food storage. Whirlpool says the technology identifies early signs of over-ripening by tracking ethylene gas to alert users before produce spoils.
AI-generated summary Meta plans to raise at least $20 billion through a cross-border bond offering to help finance artificial intelligence infrastructure. The offering includes approximately $15 billion in US dollar-denominated notes and a euro-denominated bond sale.
AI-generated summary 6sense announced its repositioning as the Partner for Agentic GTM along with a new brand identity and major product innovations. The company states that the new offerings will provide contextual intelligence to help people and AI agents work from the same shared intelligence.
AI-generated summary Jade Walle is available as the new CFO of Ur-Energy Inc. following the retirement of Roger Smith from the company. Walle brings a technical background that includes service as an audit partner with PwC and time in its Global Capital Markets Group in London.
The top AI news in your email delivered each morning. Choose categories