Freshfields Considers Spinning Out Legal AI Unit
Freshfields partners have discussed spinning out the firm's internal legal technology unit, with options including external investment or a potential public offering.
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Freshfields partners have discussed spinning out the firm's internal legal technology unit, with options including external investment or a potential public offering.
Huawei presented a Next Generation OTN system for networks centered on AI data centers. It supports data center interconnection and access with capacity from 800G to 2T, flexible bandwidth and quantum encryption.
Seven Democratic senators are asking Meta to explain its use of federal research tax credits connected to AI data center construction.
Mistral AI has acquired design studio New Material and will create a Solutions Design team focused on customer deployments.
The Fletcher Group found that 56% of surveyed women fintech marketing leaders plan to add staff in 2027, while 75% expect larger budgets.
The International Monetary Fund says an AI market correction, rising sovereign bond yields and cyberattacks could cause wider financial stress as borrowing and market links increase.
Legora and Laurel are connecting their platforms to turn legal work completed in Legora into time entries assigned to the correct client and matter.
Rocket Software acquired Israeli startup Geniez AI in a deal estimated at up to $100 million. The startup develops AI agents that manage and modernize mainframe systems.
Neura Robotics introduced Neuron AI, a multimodal foundation model that combines sensory data, language and memory to control robots.
Prime Intellect acquired Moondream and will integrate its Photon inference engine into its platform. Moondream's founders will join Prime Intellect to lead inference and multimodal model work.
JPMorgan Chase is blocking outside AI agents from operating customer accounts, though approved connectors can provide read only access to some account data.
Drone attacks damaged Yandex data centers in Russia, disrupting taxi, delivery and other digital services in Kazakhstan, Uzbekistan and Kyrgyzstan.
Anthropic will license OPAQUE technology and hire some of its employees under an agreement with undisclosed terms.
Helsinki based Ambio raised €5.1 million to expand its AI procurement platform for recycled plastics. The seed round was led by b2venture.
Google DeepMind and Google Cloud will give up to 200 European scientists access to research models and $3 million in computing credits.
Sachin Katti will leave his role as OpenAI's infrastructure and compute lead on November 15 but will remain an advisor. Compute CTO Uday Ruddarraju will replace him.
A Eurobarometer survey found that 42% of surveyed European SMEs and mid cap companies use AI or automated management systems, while another 21% plan to adopt them.
Demis Hassabis warned that recent hacking incidents involving AI agents are early warnings and called for stronger security practices and international standards.
OpenAI alleges that an employee who joined Apple transferred more than 100 files about an unreleased device and later presented the product to Apple executives.
An EOS Group survey of 4,400 bank customers across 11 European countries found that 29% would prefer discussing sensitive financial topics with AI rather than a human.
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