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AI & Enterprise

Initech builds AI alliance with AIworks and Hypernology to target enterprise AX

Initech, AIworks and Hypernology said on July 28 they signed a business agreement to build an AI alliance combining industrial AI, generative AI and financial IT capabilities. The companies plan to jointly identify new AI-based business opportunities across manufacturing, finance and the public sector and provide AI services that firms can use in the field. Cooperation areas include industrial intelligence projects, generative AI and AI agent platforms, consulting, security and operations, and joint expansion into domestic and overseas markets.

AI & Enterprise

Foxconn replaces VMware with Arcfra HCI in shift to AI factory infrastructure

Taiwan contract electronics maker Foxconn has replaced VMware-based virtualisation environments at some operations sites with a platform from Singapore hyperconverged infrastructure company Arcfra, The Register reported on July 27. The move is seen as a response to expanding AI manufacturing environments and rising demand for GPU virtualisation. Arcfra said Foxconn adopted its Neutree AI platform to modernise dispersed factory infrastructure and improve AI model deployment, management and monitoring.

AI & Enterprise

Multiverse Computing raises $570 million to expand AI model compression technology

Spanish company Multiverse Computing said on July 27 it raised $570 million, about 500 million euros, in a Series C funding round. The company’s valuation rose fivefold compared with its Series B round in 2025. The investment was co-led by Forgepoint Capital International, BNPP SIVF and Bullhound Capital. Multiverse Computing’s core technology, CompactifAI, uses tensor networks from quantum physics to reduce large language model size by 80 to 95 percent while minimising accuracy loss.