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Armis Buys Otorio for $120M to Beef up Cybersecurity in Physical Spaces

Armis is acquiring Otorio, a specialist in securing industrial and physical environments, for $120 million in cash and shares. The deal will integrate Otorio's flagship product, Titan, into Armis' Centrix platform, expanding its focus from cloud services to industrial machinery and wider industrial environments. By combining their technologies, Armis aims to provide more comprehensive cybersecurity solutions across various physical spaces.

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Microsoft Just Handed IPO Prospect Anduril a $22 Billion Opportunity. Δ1.73

Anduril Industries has taken the defense industry by storm with its recent announcement of partnering with Microsoft to develop the Integrated Visual Augmentation System (IVAS) for the U.S. Army, which is expected to be worth $22 billion over 10 years. The deal marks a significant shift in Anduril's strategy, as it takes over full responsibility for developing and producing IVAS from Microsoft, which previously handled all roles. With this partnership, Anduril will be able to leverage its expertise in artificial intelligence-powered drones to enhance the capabilities of IVAS.

Palantir Gains Premarket as Wedbush Sees Government Contract Momentum Δ1.72

Palantir Technologies is gaining momentum after analysts at Wedbush Securities reiterated its Outperform rating, citing potential gains in government contracts and IT budget allocations. The company's expertise in artificial intelligence-driven technologies has aligned well with the efficiency-driven projects of the U.S. Department of Defense. Palantir's involvement in high-priority military programs less likely to be subject to budget cuts positions the business to grab a bigger portion of IT contracts.

Defense Tech Startup Epirus Secures $250 Million to Make Anti-Drone Weapons Δ1.71

Epirus has secured $250 million in Series D funding, as it aims to scale up production of its anti-drone weapons, the company said on Wednesday. The cash infusion comes at a time when defense contractors are struggling to meet the surge in demand for weapons following Russia's invasion of Ukraine about three years ago. Epirus won a $66 million contract in 2023 to supply its flagship product Leonidas to the U.S. Army.

Honor Device Pledges $10 Billion for AI in Bid to Be More Than a Phone Maker Δ1.71

Honor Device Co., one of China's biggest smartphone makers, is investing $10 billion over the next five years to build an artificial intelligence ecosystem that goes beyond devices, potentially positioning itself as a significant player in the rapidly evolving tech landscape. The company's new strategy aims to create a device-centric AI platform that can be integrated into various products and services, setting it up for long-term growth and competitiveness. By collaborating with global partners and leveraging cutting-edge technologies like Google Cloud and Gemini, Honor is poised to challenge established players in the industry.

AI Stock to Buy Hand Over Fist Before It Surges by 60%, According to 1 Wall Street Analyst Δ1.71

Palantir Technologies has received a new, record-high price target from Loop Capital Markets, with analyst Rob Sanderson predicting the stock will surge by 60% in the next 12 months. Despite concerns over valuation, Sanderson believes Palantir's long-term narrative and potential for growth justify the investment. The company's unique data analytics capabilities and growing adoption in the enterprise market position it for significant future success.

OpenAI, Oracle Eye Nvidia Chips Worth Billions for Stargate Site Δ1.71

OpenAI and Oracle Corp. are set to equip a new data center in Texas with tens of thousands of Nvidia's powerful AI chips as part of their $100 billion Stargate venture. The facility, located in Abilene, is projected to house 64,000 of Nvidia’s GB200 semiconductors by 2026, marking a significant investment in AI infrastructure. This initiative highlights the escalating competition among tech giants to enhance their capacity for generative AI applications, as seen with other major players making substantial commitments to similar technologies.

Publicis Acquires Lotame to Expand Consumer Reach Δ1.70

Publicis has reached an agreement to acquire data and ID technology group Lotame, planning to integrate it into its targeted marketing unit Epsilon, which drives the company's main business. The deal is expected to expand Publicis' individual consumer profiles to 4 billion from a current 2.3 billion, allowing the company to interact with nearly all adults who use the internet. This acquisition aims to solidify Publicis' position as the world's largest advertising firm.

Synopsys Seeks $10 Billion Bond Sale to Finance Ansys Acquisition Δ1.70

Synopsys is preparing to sell approximately $10 billion of bonds as soon as next week to help finance its acquisition of software maker Ansys, according to Bloomberg News. The company has received approval for the $35 billion deal from the European Union and has begun discussions with Chinese regulators. Synopsys plans to acquire Ansys, a maker of software used in designing chips and other products.

Ransomware Dominates Cybersecurity Threats in 2024 Δ1.70

The modern-day cyber threat landscape has become increasingly crowded, with Advanced Persistent Threats (APTs) becoming a major concern for cybersecurity teams worldwide. Group-IB's recent research points to 2024 as a 'year of cybercriminal escalation', with a 10% rise in ransomware compared to the previous year, and a 22% rise in phishing attacks. The "Game-changing" role of AI is being used by both security teams and cybercriminals, but its maturity level is still not there yet.

The Semiconductor Industry's Next Power Struggle Δ1.70

Onsemi has disclosed a $6.9 billion unsolicited bid to acquire Allegro Microsystems Inc., valuing the company at its current market capitalization including debt. The semiconductor firm, Onsemi, is offering $35.10 per share for Allegro, up from a previous proposal of $34.50, as it seeks to expand its product portfolio and strengthen its position in the industry. Allegro's advanced semiconductors are used in various applications, including automotive, industrial, and cloud computing sectors.

Shield Tech Raises Billions in Defense AI Venture Δ1.70

Shield AI has raised $240 million at a $5.3 billion valuation, expanding its capabilities to sell autonomous military drone software to a broader range of customers like robotics companies, allowing it to dominate the rapidly growing autonomy field in defense. The company's Hivemind technology already enables fighter jets and drones to fly autonomously, marking a significant milestone for the US defense tech startup industry. With this latest round of funding, Shield AI solidifies its position as one of the largest defense tech startups in the US by valuation.

Ibm Closes $6.4b Hashicorp Acquisition Δ1.70

IBM has completed its $6.4 billion acquisition of HashiCorp, following approval from the U.K.'s antitrust regulator. This strategic move enhances IBM's capabilities in hybrid cloud solutions, leveraging HashiCorp's popular Terraform tool to facilitate infrastructure management across multiple cloud environments. The acquisition aligns with IBM's broader strategy of expanding its cloud offerings, building on previous acquisitions like Red Hat and Apptio.

China's Honor Announces $10 Billion Investment in AI Devices Δ1.70

Honor, a Chinese smartphone maker, is committing $10 billion over the next five years to developing artificial intelligence (AI) capabilities for its devices as it prepares for a public listing. This investment aims to expand beyond smartphones and develop AI-powered PCs, tablets, and wearables. The company's goal is to capitalize on China's growing interest in AI technology.

Alpine Eagle Secures Funding for Counter-Drone Tech Amid Rising Threat of Drone Warfare Δ1.70

Alpine Eagle's counter-drone system, Sentinel, is being developed to provide a cost-effective solution to the growing threat of drones in modern warfare. The startup's airborne system uses inexpensive, mass-producible technology to establish a symmetry against cheap strike drones, and its modular sensors can integrate various detection methods to identify low-flying drones that evade ground-based systems. By leveraging AI and swarming tactics, Sentinel aims to limit costs and casualties in drone-based operations.

The Oukitel WP100 Titan's Unique Features Make It a Must-Have for Tech Enthusiasts Δ1.70

The Oukitel WP100 Titan will be available on Amazon in mid-April, priced around $899. The phone boasts an ultra-rugged design, a massive battery, and a powerful light feature, making it ideal for outdoorsy types. With its built-in projector, this phone can project whatever's on the screen onto a wall or flat surface, offering endless possibilities for sharing with others.

Palantir (PLTR) Partners with EYSA to Revolutionize Mobility with AI Δ1.70

Palantir Technologies has entered a strategic partnership with EYSA, aiming to leverage artificial intelligence to transform mobility solutions. As investor interest shifts from semiconductor stocks to software, this collaboration highlights the growing importance of AI software in the market, particularly as companies begin to monetize their innovations. The move underscores a broader transition in the tech landscape, where the focus is increasingly on software capabilities rather than hardware, potentially leading to a surge in new AI applications.

Elon Musk's xAI Buys New Property in Memphis Amid Supercomputer Expansion Δ1.69

xAI is expanding its AI infrastructure with a 1-million-square-foot purchase in Southwest Memphis, Tennessee, as it builds on previous investments to enhance the capabilities of its Colossus supercomputer. The company aims to house at least one million graphics processing units (GPUs) within the state, with plans to establish a large-scale data center. This move is part of xAI's efforts to gain a competitive edge in the AI industry amid increased competition from rivals like OpenAI.

Honor Seals Deal with Big Three, New Ai-Filled Strategy Unveiled Δ1.69

Honor has unveiled a new strategic realignment as it enters the age of AI, introducing highly useful enhancements for its Magic7 Pro camera system and other features. The company's Alpha Plan also includes interoperability with Apple's iOS for data sharing and the industry's first all-ecosystem file sharing technology. Honor's AI Deepfake Detection will be rolled out globally to Honor phones starting in April, while AI Upscale will restore old portrait photos and become available soon on the international release of its Snapdragon 8 Elite flagship.

Malaysia to Pay Arm Holdings $250 Million for Chip Design Blueprints Δ1.69

Malaysia is set to acquire the intellectual property of Arm Holdings, a leading semiconductor firm, in a deal valued at $250 million over 10 years, aiming to produce its own graphics processing unit chips within the next decade. The agreement with Arm will allow Malaysia to design, manufacture, test and assemble AI chips for global sales, with the company establishing its first Southeast Asian office in Kuala Lumpur. The government hopes this deal will create a robust supply chain in advanced industries, including AI data servers and autonomous vehicles.

Honor Pledges $10 Billion AI Investment and Deepens Ties with Google Δ1.69

Honor's $10 billion investment in artificial intelligence over the next five years aims to reposition the company as an "AI device ecosystem company." The Chinese smartphone maker has announced a deepening partnership with Google, which will enable it to tap into advanced AI features. This move is designed to bolster Honor's market share overseas and expand its presence in the higher-end smartphone market.

Allegro Drawing Takeover Interest From ON Semiconductor, Bloomberg News Reports Δ1.69

Allegro Microsystems is drawing takeover interest from larger competitor ON Semiconductor, as the sensor integrated circuits provider explores options for its future. Onsemi has been working with advisers in recent months to pursue Allegro, and it's possible other suitors could emerge for the company. The acquisition of Allegro would bolster Onsemi's automotive capabilities.

Crogl, Armed with $30M, Takes the Wraps Off a New AI 'Iron Man Suit' For Security Analysts Δ1.69

Startup Crogl has unveiled an autonomous assistant designed for cybersecurity researchers, aimed at efficiently analyzing thousands of daily network alerts to identify real security incidents. Backed by $30 million in funding, this innovative tool, likened to an “Iron Man suit” by CEO Monzy Merza, has already been tested with major enterprises during a private beta phase. The platform's unique approach, leveraging big data and machine learning, seeks to enhance security analysts' capabilities rather than reducing the number of alerts they face.

Broadcom (AVGO): Early Manufacturing Tests with Intel Signal AI Chip Expansion Δ1.69

Broadcom Inc. is set to begin early manufacturing tests for its AI chip expansion in partnership with Intel, signaling a significant development in the company's AI capabilities. The collaboration aims to accelerate the development of artificial intelligence technologies, which are expected to play a crucial role in various industries, including healthcare and finance. As Broadcom continues to expand its AI offerings, it is likely to strengthen its position in the market.

Dan Ives Says These 2 Stocks Are in the "Sweet Spot" Of the Artificial Intelligence (AI) Movement Δ1.69

Two AI stocks are poised for a rebound according to Wedbush Securities analyst Dan Ives, who sees them as having dropped into the "sweet spot" of the artificial intelligence movement. The AI sector has experienced significant volatility in recent years, with some stocks rising sharply and others plummeting due to various factors such as government tariffs and changing regulatory landscapes. However, Ives believes that two specific companies, Palantir Technologies and another unnamed stock, are now undervalued and ripe for a buying opportunity.

Samsung Under Pressure as Honor Unveils 'Alpha Plan' Δ1.69

Honor has unveiled its "Alpha Plan" initiative to transition the smartphone brand into an AI device ecosystem company, with a focus on giving its hardware the software experience it truly deserves. The plan involves investing $10 billion over five years for open collaboration with Google and Qualcomm, aiming to co-create an intelligent ecosystem of devices that can seamlessly communicate and interact with each other. Honor also announced several new products, including wearables, a smartwatch, and a tablet, which will be powered by its custom software and AI-powered features.