According to the quarterly PitchBook-NVCA Venture Monitor report released today, gigantic artificial intelligence rounds have pushed the value of U.S. venture capital deals about 44% above the previous annual record with a quarter to go, but the exits necessary to return that money to investors have not kept pace. Much of the $515.8 billion invested … Read more
X-Bow Systems has been awarded a potential $69.7 million contract to develop a solid rocket motor for a future US Navy weapon. The drive developer will design, test and qualify the engine as part of a two-phase program. The Navy plans to field an initial version of the weapon in early fiscal year 2031. The … Read more
What you can look forward to: Microsoft just announced the starting price and release date for its new ultra-tier Surface laptop, as well as other notebooks with Nvidia’s RTX Spark SoC. The company’s flagship model is expensive, even next to the MacBook Pro it’s meant to compete with, but it remains to be seen how … Read more
More than half a dozen public and private sector organizations are collaborating to develop biological datasets for artificial intelligence models. The consortium, which announced the collaboration today, is committing $1.8 billion to the project. To study how a cell responds to a new therapy, scientists typically need to set up a physical test environment. This … Read more
EOS Defense Systems USA is developing a new Slinger defense drone system with improved sensors and selectable autonomy. The system combines a 30 mm cannon, a targeting radar and advanced stabilization in one weapon station. The next generation Slinger is nearing the end of development. EOS plans to begin US production in Huntsville, Alabama in … Read more
Disk bubble: After selling its recording media business to Imation, TDK now focuses primarily on sensors, power supplies and other advanced electronic devices. HDD magnetic heads, one of TDK’s remaining business interests, may soon find a new home with a major hard drive manufacturer. According to sources familiar with the matter, Seagate and Toshiba are … Read more
A joint research team from China and the United Kingdom has developed a 20 kW-class wireless charging system for new energy vehicles (NEVs) that overcomes key thermal and efficiency barriers in inductive energy transfer. Interestingly, the 20-kilowatt wireless charging system achieves an unprecedented efficiency of 98.51 percent. The Dongguan Institute of Materials Science and Technology … Read more
Industry-specific AI provides business context for agents managing company operations. Building on industry processes can help companies address reliability issues by automating more tasks. Infor (US) LLC develops industry-specific AI agents for several key industries, including industrial manufacturing, aerospace and defense, automotive, and food and beverage. According to Suresh Jayaraman (pictured right), senior vice president … Read more
First look: Jaguar is asking buyers significantly more money for a car that takes the brand in a new direction. The new Type 01, unveiled in New York on Tuesday, is a four-door electric model with a claimed range of up to 400 miles, sports car-like acceleration and no rear window. With its introduction, Jaguar … Read more
British commandos were spotted on a submarine carrying out a daring operation. They emerged from the depths of the North Atlantic as they carried out the new exercise as part of the largest test of any British commando weapon in 15 years. The Royal Navy stated that the submarine operation demonstrated the powerful combination of … Read more