Adidas shares climbed 3.3% in early Frankfurt trading on Wednesday after the German sportswear manufacturer upgraded its full-year profit outlook following stronger-than-expected third-quarter performance. The company expects its 2026 operating profit to reach approximately €2.5 billion, compared with its previous target of €2.3 billion when including a US tariff refund and planned reinvestment. The revised…
Google is stepping up its efforts to challenge Nvidia’s dominance in artificial intelligence infrastructure by introducing TorchTPU, an open-source project designed to help developers run AI applications on Google’s proprietary Tensor Processing Units (TPUs). The launch comes just a day after Amazon introduced its own PyTorch-based development tool, TorchNeuron, highlighting how major cloud providers are…
AI startup Melius has raised $25 million to expand its platform for creating advertising campaigns, images and videos, after its founders abandoned their original product and rebuilt the company around AI-powered creative production. The funding includes a $20 million Series A led by CRV and a $5 million seed round led by General Catalyst. Melius…
