Latest AI News

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.

Oracle's stock surged 27% after announcing major cloud infrastructure wins. The company signed four multi-billion-dollar contracts, pushing its remaining performance obligations to $455 billion (359% year-over-year growth). CEO Safra Catz expects this figure to exceed $500 billion soon. Oracle's cloud infrastructure revenue grew 55% to $3.3 billion last quarter, with projections of $18 billion by 2025-2026 and potentially $144 billion by 2030. This performance positions Oracle as a significant challenger to established cloud providers, with its RPO nearly quadrupling Google Cloud's $106 billion figure. The company anticipates securing additional multibillion-dollar agreements in the near future.

Oracle's stock surged 23% after the company dramatically raised its cloud infrastructure revenue projections, despite missing quarterly targets. The company secured four multibillion-dollar contracts, driving remaining performance obligations up 359% to $455 billion. Oracle projects OCI revenue to grow from $18 billion this year to $144 billion by 2030. Strategic partnerships with cloud hyperscalers and AI companies like OpenAI are fueling this growth, with 37 new data centers planned. While still trailing Microsoft Azure and AWS, Oracle's aggressive AI investments and cloud expansion are positioning it as a major player in the AI-driven cloud market.