latest news in companies

Microsoft Unveils Custom AI Chips to Power Future Infrastructure

Microsoft Unveils Custom AI Chips to Power Future Infrastructure

Redmond, Monday, 12 October 2026.
Microsoft will deploy its custom Maia 300 chips in 2027, cutting computing costs and reducing reliance on external suppliers while boosting AI energy efficiency by 40%.

Cerebras Systems Stock Rebounds Following Public Reassurance From OpenAI

Cerebras Systems Stock Rebounds Following Public Reassurance From OpenAI

San Francisco, Monday, 12 October 2026.
Cerebras Systems shares rebounded 9% after OpenAI Chief Executive Sam Altman affirmed the chipmaker remains a key technology partner, alleviating market fears over competition from rival supplier Nvidia.

Amazon Explores Seven Billion Dollar Purchase of Artificial Intelligence Startup Decart

Amazon Explores Seven Billion Dollar Purchase of Artificial Intelligence Startup Decart

Seattle, Monday, 12 October 2026.
Amazon is negotiating a $7 billion purchase of AI startup Decart to boost its custom chips, following Anthropic’s abandoned acquisition offer last month.

Healthcare Startup Secures $16.5 Million to Automate Medical Equipment Orders

Healthcare Startup Secures $16.5 Million to Automate Medical Equipment Orders

San Francisco, Monday, 12 October 2026.
Ashvin raised $16.5 million in October 2026 following sixfold revenue growth. Its software automates medical equipment processing, handling nearly two-thirds of orders without human intervention.

How Artificial Intelligence Is Securing Freight Networks Against Rising Theft

How Artificial Intelligence Is Securing Freight Networks Against Rising Theft

New York, Monday, 12 October 2026.
With shipping fraud losses reaching $304.6 million in mid-2026, Aquatio Software expanded its platform to secure driver handoffs and verify product transfers across supply chains.

Oracle Hauls Fuel by Truck to Avoid Costly Artificial Intelligence Delays

Oracle Hauls Fuel by Truck to Avoid Costly Artificial Intelligence Delays

Austin, Monday, 12 October 2026.
To prevent severe timeline delays for its artificial intelligence data centers, Oracle is paying four times the standard cost to truck natural gas directly to operational sites.

U.S. Materials Developer Enters South Korea to Extend Electric Vehicle Battery Life

U.S. Materials Developer Enters South Korea to Extend Electric Vehicle Battery Life

Seoul, Monday, 12 October 2026.
On October 12, 2026, Ten-Nine Technologies partnered with MIN N JUNE Chemical to deploy TENIX in South Korea, introducing a battery additive that extends electric vehicle lifespans beyond 426,000 kilometers.

Breaking Free From Proprietary Hardware: How Open Networks Are Powering the AI Boom

Breaking Free From Proprietary Hardware: How Open Networks Are Powering the AI Boom

San Jose, Monday, 12 October 2026.
Larch Networks and Dorado are unveiling an open Ethernet system, providing businesses with a lower-cost, flexible alternative to proprietary hardware for demanding artificial intelligence workloads.

Johnson & Johnson Value Surges Past $630 Billion Ahead of New Financial Report

Johnson & Johnson Value Surges Past $630 Billion Ahead of New Financial Report

New Brunswick, Monday, 12 October 2026.
Johnson & Johnson’s market value has surged past $630 billion after a remarkable 41% annual stock gain, driven by strong cancer drug sales ahead of its quarterly earnings release.

French Banking Giant Credit Agricole Offers Strong Dividend Yield Despite Recent Share Price Decline

French Banking Giant Credit Agricole Offers Strong Dividend Yield Despite Recent Share Price Decline

Paris, Monday, 12 October 2026.
Crédit Agricole S.A. presents an intriguing valuation heading into late October 2026. Despite generating over €6 billion in net profits, the bank trades near its 52-week low while offering investors an attractive dividend yield close to 7%.