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Industry
Rivian secures additional $1 billion investment from Volkswagen
Volkswagen will invest an additional $1 billion in Rivian after winter testing is completed for the jointly developed electric vehicle ID EVERY1, TechCrunch reported. Of the amount, $75 million will be an equity investment, while $25 million will be provided as equity or convertible notes. Volkswagen has already invested more than $3 billion in Rivian and granted an option to lend an additional $1 billion from October.
Industry
Arm unveils in-house AI chip AGI CPU, Meta and OpenAI join
Arm unveiled its in-house AI chip, the AGI CPU, targeting AI data centres and highlighting performance optimised for agentic AI workloads. The AGI CPU carries 136 Neoverse V3 cores and is designed to scale to 8,160 cores in an air-cooled 1U server and 45,000 cores in liquid-cooled systems. Meta led development, with OpenAI, SK Telecom and SAP joining as early commercial customers.
Crypto
Japan drugstores to introduce tokenised deposit DCJPY to cut payment fees, workload
Japan's drugstore industry is moving to introduce a digital currency into payment and logistics systems. Blockchain outlet CoinPost reported that the Japan Association of Chain Drug Stores has signed an agreement to introduce DCJPY. DCJPY is a tokenised deposit developed by the Japan Digital Currency Forum, offering real-time payments and 24-hour transactions at lower fees than existing systems. The association plans to use it for payments, logistics, and inventory management.
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Industry
Toyota CEO says company cannot survive without change as auto industry anxiety rises
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World
U.S. warns EU over big tech curbs, says bloc could fall behind in AI economy
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AI & Enterprise
Apple hires former Google executive Lilian Rincon to lead AI product marketing
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Crypto
Prediction markets' monthly trading volume tops $20 billion, led by geopolitics and politics
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Crypto
U.S. unveils crypto tax overhaul proposal, sparking controversy over Bitcoin exclusion
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AI & Enterprise
ChatGPT shopping feature overhauled with five prompts to try now
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AI & Enterprise
SAP to buy master data management firm Reltio to optimize enterprise data for AI
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Mobility
Waymo robotaxi logs 500,000 weekly paid rides in 10 U.S. cities, tenfold growth in two years
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Crypto
Gold price war rule broken as bitcoin touted as digital safe-haven alternative
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Crypto
XRP slump halves cost to join top 10 percent holders
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Telecommunications & Media
Samsung Electronics signs global partnership for HYBE, BTS world tour 'ARIRANG'
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AI & Enterprise
Unity to shut ironSource ad network, seek sale of Supersonic
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AI & Enterprise
Cybersecurity stocks fall after news of Anthropic's new AI model 'Claude Mythos'
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Crypto
Fannie Mae approves first US home loan backed by cryptocurrency
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Crypto
Omnichain stablecoin USDT0 expands to Tempo blockchain