Peak:AIO, a software-defined storage company, just closed its first-ever institutional funding round after years of being profitable and self-funded. The $6.8 million seed round is aimed at global expansion, with a sharp focus on capturing AI infrastructure workloads.
Rivian is building its own AI assistant in-house, a project separate from its $5.8 billion tech joint venture with Volkswagen. The company is targeting a release by the end of the year and will detail its plans at a live-streamed event on December 11.
As companies fear deploying AI agents due to security risks, identity management vendors are spotting a major opportunity. Okta’s new Auth0 for AI Agents tool aims to provide the guardrails and logging that CISOs desperately need.
A new IDC report is making bold predictions for the foldable phone market in 2026, forecasting 30% year-over-year growth. The biggest driver? Apple’s long-rumored “iPhone Fold,” expected to launch at the end of next year.
Google Photos is rolling out a major redesign of its built-in video editor for Android and iOS. The update brings a more powerful timeline editor and new templates, directly competing with apps like Capcut.
Standard Chartered has dramatically lowered its Bitcoin price forecasts. The bank now sees the cryptocurrency hitting $150,000 in 2026, down from a previous target of $300,000.
Google Photos is rolling out a suite of new video editing tools, including AI-powered templates and a universal timeline editor. The goal is to make creating polished highlight reels as simple as tapping a few buttons.
Wells Fargo CEO Charlie Scharf says AI is making engineers 30-35% more efficient and will reshape work in compliance, legal, and call centers. But a PYMNTS report finds over half of workers see AI as a significant job displacement risk, with 38% fearing for their own specific role.
President Trump announced plans for an executive order this week to set federal AI rules and override state-level regulations. The move aims to prevent companies from needing “50 Approvals” but could spark major legal battles over states’ rights and AI governance.
India is proposing a mandatory blanket license for AI companies, requiring them to pay royalties to creators for using copyrighted training data. The move targets giants like OpenAI and Google in one of their fastest-growing markets and could reshape global AI regulation.
