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Marvell Agrees to $115 Billion Stock Deal to Acquire Lumentum

Marvell has agreed to buy Lumentum in a stock transaction valued at $115 billion, according to Manufacturing Dive. The proposed acquisition would combine two major players in optical and semiconductor hardware, areas that are increasingly important as data-center operators expand the infrastructure supporting artificial intelligence workloads. Sources * Google News:

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Axiom Math Uses Formal Verification to Check AI-Generated Mathematics

AI-generated proofs are entering mathematics faster than conventional peer review can reliably vet them, creating concern about low-quality or incorrect arguments. Axiom Math is betting that formal verification can provide a stronger safeguard. The startup’s AI agents use formal methods to check whether proposed proofs satisfy a

Live facial recognition reportedly planned for introduction in a city

A city is preparing to introduce live facial recognition, according to a report published by Yahoo News Singapore. The announcement points to continued adoption of real-time biometric identification systems in public environments. The available report does not identify the city, describe the system, or specify when the technology would

A&O Shearman Plans $1.1 Billion AI Investment

A&O Shearman has announced a $1.1 billion plan focused on artificial intelligence. The initiative builds on the broader trend of law firms investing in technology to improve legal work and related operations. The available report does not detail how the investment will be allocated, which AI systems

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Zipline reaches $21.5 billion valuation amid Walmart drone delivery expansion

Zipline, a drone delivery company, has raised $1.5 billion at a valuation of $21.5 billion. The financing comes as the company expands its partnership with Walmart, a major step in scaling its commercial drone delivery operations. Sources * TechCrunch

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TikTok launches a standalone shopping app

TikTok has quietly introduced a standalone TikTok Shop app designed to consolidate its e-commerce experience. The app includes personalized product recommendations and lets users shop through live streams and short-form videos. It also supports app-exclusive deals, in-app checkout, order tracking, and customer support. The separate app

Tech Stocks Fall as AI Concerns Meet U.S. Midterm Uncertainty

Technology stocks fell sharply as investors reacted to a combination of concerns about artificial intelligence and the outcome of the U.S. midterm elections. The downturn came as Democrats secured a midterm landslide, adding uncertainty around the political direction of AI regulation, infrastructure spending, and the broader technology sector. At