Latest AI News

PsiQuantum reached $7B valuation after raising $1B in funding. The quantum computing startup announced a strategic partnership with Nvidia to develop quantum algorithms and integrate GPUs with QPUs. PsiQuantum's photonic approach uses silicon photonics manufactured at GlobalFoundries, with breakthroughs in Barium Titanate integration enabling advanced optical switches for scalable quantum computers.

Alibaba's mapping app Amap has launched "Street Stars," a feature ranking restaurants, hotels, and tourist destinations, directly challenging Meituan's dominance in China's local services market. The initiative leverages AI algorithms for real-time rankings and is backed by 1 billion yuan ($140 million) in subsidies covering 300 cities and 1.6 million businesses. This expansion transforms Amap from a navigation tool into a "comprehensive consumption platform" for daily services, intensifying competition in China's "instant retail" sector. The aggressive pricing strategies employed by both Alibaba and Meituan have attracted regulatory attention, with Chinese authorities expressing concerns about unsustainable price wars in the rapidly evolving local lifestyle services market.

Arm has launched Lumex, a new mobile chip architecture designed specifically for AI processing on edge devices without cloud connectivity. The lineup includes four chip designs optimized for the 3nm manufacturing process, ranging from wearables to flagship smartphones. Key innovations include SME2 technology delivering up to 4.7x faster voice processing, the Mali G1-Ultra GPU for desktop-grade gaming, and improved power efficiency with up to 15% reduction compared to previous generations. Early partners include Alibaba and Samsung, with Lumex-powered devices expected to reach the market by early next year.

Synopsys reported Q3 revenue of $1.74 billion (up 14% YoY) but missed analyst expectations, causing shares to drop 18.5% after hours. Net income fell 40.2% to $242.28 million due to weak Design IP performance, China export restrictions, and Ansys acquisition costs. CEO Sassine Ghazi announced plans to shift resources toward AI and infrastructure segments while implementing a 10% global workforce reduction by 2026. Despite conservative Q4 guidance, Synopsys stock remains up 25% year-to-date as the company focuses on long-term transformation.