Related News

Amazon launches cloud AI tool to help engineers recover from outages

Mateusz Slodkowski | SOPA Images | Lightrocket | Getty Images Amazon’s cloud unit on Tuesday announced AI-enabled software designed to help clients better understand and recover from outages. DevOps Agent,

MongoDB stock skyrockets 25% on AI, cloud database platform growth

MongoDB shares ripped 25% higher on Tuesday after the company blew past Wall Street’s third-quarter expectations and lifted its forecast as its cloud database platform gained traction with customers. The

Israeli cybersecurity startup raises $60 million to fight AI threats

Ben Seri (CTO), Sanaz Yashar (CEO), Snir Havdala (CPO) of Zafran Security. Courtesy: Eric Sultan | Zafran Zafran Security, a cybersecurity startup created by an Iranian-born spy whose story helped

SoftBank’s Son ‘was crying’ about the firm’s need to sell its Nvidia stake AI Bets

Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., speaks at the SoftBank World event in Tokyo, Japan, on Wednesday, July 16, 2025. Speaking via teleconference, Son and

Why Jim Cramer thinks the AI trade is breaking up

After years of largely trading together, stocks related to artificial intelligence and the data center are starting to move in different directions, CNBC’s Jim Cramer said. “The Google complex cohort

Apple’s artificial intelligence chief is stepping down, company says

John Giannandrea. David Paul Morris | Bloomberg | Getty Images Apple’s head of artificial intelligence, John Giannandrea, will step down from his position, the company announced on Monday. The move

Beta stock jumps on motor deal with air taxi maker Eve Air Mobiliy

Word Count: 130 | Estimated Reading Time: 1 minute

Beta Technologies strikes $1B electric motor manufacturing deal with Eve Air Mobility

Beta Technologies shares surged more than 9% after air taxi maker Eve Air Mobility announced an up to $1 billion deal to buy motors from the Vermont-based company.

Eve, which was started by Brazilian airplane maker Embraer and is now under Eve Holding, said the manufacturing deal could equal as much as $1 billion over 10 years. The Florida-based company said it has a backlog of 2,800 vehicles.

Shares of Eve Holding gained 14%.

Eve CEO Johann Bordais called the deal a “pivotal milestone” in the advancement of the company’s electric vertical takeoff and landing, or eVTOL, technology.

“Their electric motor technology will play a critical role in powering our aircraft during cruise, supporting the maturity of our propulsion architecture as we progress toward entry into service,” he said in a release.

Source link