Business & Industry
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Ford Rehires Veteran Engineers After AI-Driven Quality Push Falls Short, Tops JD Power's 2026 Study for First Time Since 2010
Ford climbed from No. 15 to No. 1 among mainstream brands in JD Power's 2026 quality study after rehiring roughly 300 veteran engineers to fix problems an AI-first design push had created.
Runpod Raises $100 Million Series A Led by Summit Partners at a $1 Billion Valuation as AI Compute Demand Surges
The GPU cloud platform Runpod raised $100 million in a Summit Partners-led Series A that values it at $1 billion, saying it now serves more than one million AI developers.
SK Hynix Sets a $29 Billion Nasdaq Listing, Poised to Be the Largest ADR Offering Ever, With All Proceeds Funding New Chip Fabs and EUV Tools
SK Hynix will list ADRs on the Nasdaq on July 10 to raise up to $29 billion, potentially the largest ADR offering on record, with all proceeds funding new chip fabs, advanced packaging, and EUV scanners.
Quantum Systems Raises $1.2 Billion Series D at an $8 Billion Valuation, More Than Doubling the German Drone Maker's Worth Since November
Munich autonomous drone maker Quantum Systems raised a $1.2 billion Series D at about an $8 billion valuation, more than doubling its worth since November as defense-tech funding surges.
Honeywell Sells Its $935 Million Warehouse Automation Business to American Industrial Partners, a Decade After Buying Intelligrated
Honeywell is divesting its Warehouse and Workflow Solutions unit, built on Intelligrated and Transnorm, to private equity firm AIP as it concludes a multi-year breakup.
Upscale AI Raises $190 Million at a $2 Billion Valuation With Nvidia Joining, Betting Its Open UALink Switch Can Break NVLink's Grip
Nvidia joined a $190M round backing a startup building an open scale-up switch to rival its own NVLink fabric.
Peregrine Raises $250 Million at $6.8 Billion Valuation as Its Government-Data Search Platform Reaches 400 Agencies
Peregrine's Series D nearly triples its valuation in 15 months as it scales real-time government-data search to more than 400 agencies.
Baseten Raises $1.5 Billion at a $13 Billion Valuation as Investors Pile Into the AI Inference Layer
AI inference platform Baseten closed a $1.5 billion Series F at a $13 billion valuation, lifting total funding past $2 billion and underscoring how aggressively venture capital is chasing the infrastructure that serves AI models.
Qualcomm in Talks to Buy Jim Keller's RISC-V AI Chip Maker Tenstorrent for $8 Billion to $10 Billion
Reports say Qualcomm is examining a full acquisition of Tenstorrent, the RISC-V AI accelerator startup led by Jim Keller, at a valuation between $8 billion and $10 billion.
Qualcomm to Buy AI Software Startup Modular for About $3.9 Billion, Taking Aim at Nvidia's CUDA Moat
Qualcomm agreed to acquire Modular in an all-stock deal worth about $3.9 billion, expected to close in the second half of 2026.
Nobel Laureate John Jumper Leaves Google DeepMind for Anthropic, the Second AI Star to Exit Google in a Week
AlphaFold co-creator John Jumper is leaving DeepMind after nearly nine years, days after Gemini co-lead Noam Shazeer departed for OpenAI.
EA Conducts Its Third Round of Layoffs This Year Across US and India as the $55 Billion Saudi-Led Buyout Nears Completion
EA cut an undisclosed number of jobs in customer support, IT, recruitment, and trust and safety across US remote roles and its Hyderabad office, its third layoff round of 2026 as the PIF-led buyout closes in.