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Yahoo
5 days ago
- Business
- Yahoo
May in Review: 12 Top Technology Press Releases
A roundup of the most newsworthy tech announcements from PR Newswire, including national security and nuclear projects, XREAL's new see-through optical device and PepsiCo's digital transformation plans. NEW YORK, June 6, 2025 /PRNewswire/ -- With thousands of press releases published each month, it can be difficult to keep up with everything on PR Newswire. To help tech journalists and consumers stay on top of the month's most popular releases and newsworthy trends, here's a recap of some of the past month's most read- and engaged-with stories. The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download. Elementl Power and Google Sign Strategic Agreement to Develop Locations for Advanced Nuclear Projects"Innovative partnerships like this are necessary to mobilize the capital required to build new nuclear projects, which are critical to deliver safe, affordable and clean baseload power and help companies advance their long-term net zero goals," said Elementl Power Chairman and Chief Executive Officer Chris Colbert. IgniteTech Acquires Khoros to Transform Customer Connections in the AI Answer Engine EraIgniteTech intends to incorporate its established artificial intelligence technology into the Khoros platform. This calculated action comes as exposure and engagement for businesses without AI-enhanced capabilities might plummet by as much as 40%. Bain & Company forms global partnership with Palantir to deliver high impact, end-to-end AI transformations for clients The partnership pairs Palantir's state-of-the-art AI Operating Systems with Bain's deep industry expertise across sectors and its extensive capabilities in strategic business transformation, enabling clients to adopt this technology more quickly. York Space Systems Selected by U.S. Space Force to Deliver Small Satellites for a Range of National Security Missions York was selected for the $237 million Indefinite Delivery/Indefinite Quantity (IDIQ) contract to procure small satellites supporting national security missions. The contract award is designed to enable faster and more flexible acquisition of spacecraft, integration, and launch support. Fortune Reveals the 2025 100 Most Powerful Women in Business List"This definitive ranking of the women at the top of the global business world…tells us both who wields power today and who is poised to climb even higher tomorrow," writes Emma Hinchliffe, Fortune senior writer, author of Most Powerful Women Daily newsletter, and editor of the 100 Most Powerful Women in Business list of 2025. Fannie Mae Launches AI Fraud Detection Technology Partnership with Palantir The new partnership will expand Fannie Mae's fraud detection capabilities with leading AI-enabled financial crimes data science and investigations technology. This foundation will power Fannie Mae's Crime Detection Unit, a new platform that the company believes will help detect and prevent mortgage fraud with speed and precision never before seen in the U.S. housing market. Pudgy Penguins Further Expands into Blockchain Gaming with Launch of Pengu Clash on TONPudgy Penguins, one of the most successful NFT brands of all-time, today announced the launch of Pengu Clash, a new blockchain-based game debuting on the TON blockchain. The fast-paced multiplayer skill game offers fans a new way to interact with the Pudgy Penguins IP—now reaching more than 1 billion users on Telegram. PepsiCo and AWS Collaborate to Accelerate Digital Transformation By leveraging AWS's infrastructure and services, PepsiCo is driving faster AI innovation, transforming its supply chain and go-to-market strategies, and creating deeper, more personalized experiences with consumers. XREAL Unveils 'Project Aura' at Google I/O -- An Optical See-Through XR Device for Android XR A lightweight and tethered, cinematic, and Gemini AI-powered device, Project Aura brings a large field-of-view experience to the Android XR family — setting a new standard for immersive, wearable computing. PhaseV Lands $50M Series A to Supercharge AI for Clinical Development, Backed by Top VCs and Trusted by Leading Pharma Clients The funding will allow PhaseV to grow its vertical AI platform to provide holistic solutions for clinical development. It follows the rapid market adoption of PhaseV's AI/ML-based platform by over 30 global pharma companies for clinical development. Palantir and Divergent Form Partnership to Revolutionize On-Demand Advanced Manufacturing With access to the Divergent Adaptive Production System (DAPS™) within Palantir's software, customers will be able to rapidly identify emerging supply chain vulnerabilities and then directly address them through on-demand manufacturing of critical parts by Divergent. Chainlink, Kinexys by J.P. Morgan, and Ondo Finance Team Up to Bring Bank Payment Rails to Tokenized Asset Markets The transaction highlights a scalable solution for Kinexys Digital Payments settlement rails to support the growing Real-World Asset market across public blockchains. For more news like this, check out all of the latest technology-related releases from PR Newswire. Trending Topics Among the technology news that was distributed in May, the PR Newswire team was able spot several larger stories that highlight the trends shaping the industry. Intersolar Europe 2025: Intersolar, held May 7-9 in Munich, Germany, served as a pivotal platform for showcasing advancements in solar energy, energy storage and smart grid technologies. The event featured numerous companies unveiling innovative solutions aimed at driving the global energy of the key presenters included Shanghai Electric, which presented a comprehensive suite of new energy solutions across photovoltaics, hydrogen and energy storage. Sungrow was also in attendance and introduced a complete portfolio for solar, storage and EV charging products, covering both 1-phase and 3-phase scenarios. It also unveiled its new commercial and industrial (C&I) energy storage solutions, showcasing their flexibility and performance. See more news from Intersolar, which underscored the accelerating pace of clean energy innovation. Automate 2025: From May 12-15 in Detroit, Michigan, Automate showcased the latest advancements in robotics, AI and industrial automation. The exhibition featured over 800 exhibitors and attracted more than 40,000 attendees. It also generated quite a few newsworthy press releases. Vention displayed its AI-powered bin-picking robot. Schneider Electric unveiled innovations focused on advancing American manufacturing, including its new industrial copilot. Techman Robot showcased a next-gen lineup of AI-powered collaborative robots (cobots) designed for safer and smarter human-machine collaboration in manufacturing environments. And Epson Robots introduced SafeSense™ Technology, which enables safe human-robot interaction. Together, these exhibitors along with others highlighted the growing convergence of AI, robotics, and automation software – redefining the standards for intelligent industry solutions. Coming Up: In June, the team will continue to watch all the big tech headlines. Of course, we expect to see new AI integrations across industries. And big events like InfoComm and Cisco Live are already generating press releases and we'll be keeping tabs on the trends. Do you have a technology press release to distribute in June? Sign up with PR Newswire to share your story with the audiences who matter most. Helping Journalists Stay Up to Date on Industry News These are just a few of the recent press releases that consumers and the media should know about. To be notified of releases relevant to their coverage area, journalists can set up a custom newsfeed with PR Newswire for Journalists. Once they're signed up, reporters, bloggers, and freelancers have access to the following free features: Customization: Users can create customized newsfeeds that will deliver relevant news right to their inbox. Newsfeed results can be targeted by keywords, industry, subject, geography, and more. Photos and Videos: Thousands of multimedia assets are available to download and include in a journalist or blogger's next story. Subject Matter Experts: Journalists will have access to ProfNet, a database of industry experts to connect with as sources or for quotes in their articles. Related Resources: Our journalist- and blogger-focused blog, Beyond Bylines, features regular media news roundups, writing tips, upcoming events, and more. About PR Newswire PR Newswire is the industry's leading press release distribution partner with an unparalleled global reach of more than 440,000 newsrooms, websites, direct feeds, journalists and influencers and is available in more than 170 countries and 40 languages. From our award-winning Content Services offerings, integrated media newsroom and microsite products, Investor Relations suite of services, paid placement and social sharing tools, PR Newswire has a comprehensive catalog of solutions to solve the modern-day challenges PR and communications teams face. For 70 years, PR Newswire has been the preferred destination for brands to share their most important news stories across the world. For questions, contact the team at View original content to download multimedia: SOURCE PR Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Axios
14-05-2025
- Business
- Axios
The rise of the nuclear deployment startups
Young project developer startups are amassing capital commitments and closing partnerships to kick-start nuclear projects. Why it matters: Strong developers could be the missing piece for nuclear projects using both traditional reactors and next-gen tech. The big picture: When Georgia Power's Vogtle nuclear units 3 and 4 went online in 2023 and 2024 they were the first new nuclear reactors built in the U.S. in 30 years but were billions over budget and years behind schedule. But there's a growing desire for new nuclear projects as electricity demand soars for data centers, manufacturing and EVs. Nuclear upstarts are eager to use development lessons and construction tech to cut costs and speed up timelines. And the White House is planning executive action soon to try to speed nuclear reactors' deployment, Axios Pro Energy Policy reported this week. Zoom in: This week nuclear project startup Elementl Power announced it's partnering with Google to develop three 600 MW nuclear projects. Google is providing development capital and has the option to buy power from the projects. The company is focused on deploying light-water reactors, mostly smaller ones, in the first half of the 2030s, said CEO Chris Colbert. Companies that are building lightwater SMRs include GE, Westinghouse and NuScale Power. Elementl, which is backed by Energy Impact Partners, is working on three projects. After the first one's built, the costs drop, and the timelines speed up, said Colbert. State of play: The Nuclear Company has a similar strategy to lower costs and speed up timelines by developing a fleet of nuclear projects across six, potentially adjacent, 1 GW sites. The fleet model could eventually allow nuclear to get nearer to the development time frame of a combined cycle gas facility, says Patrick Maloney, co-founder and chairman of The Nuclear Company and also co-founder of investment firm CIV. The Nuclear Company announced a Series A last month led by Eclipse and including CIV, True Ventures, Wonder Ventures, Goldcrest Capital, and MCJ Collective. Last Energy and Holtec are also emphasizing project development innovation while simultaneously developing their small light-water reactors. The intrigue: Companies that have built advanced reactors, like NuScale Power, have struggled to deploy them. NuScale's SMR is the only one to get design approval from the U.S. Nuclear Regulatory Commission, but the company abandoned its project plans in 2023 after development costs soared. "Designing a reactor is a much different business than deploying a reactor," said Maloney. The clean energy sector has project developers, but the check sizes for the sector are one-tenth of that of nuclear, said Colbert.
Yahoo
11-05-2025
- Business
- Yahoo
Google To Fund Three Nuclear Sites, Says The Move Will Allow Them To 'Move At The Speed Required To Meet This Moment Of AI And American Innovation'
Elementl Power announced a deal with Google to develop three new sites for advanced reactors on Wednesday Exact details remain private, but Google will be committing early-stage development capital in exchange for the option to purchase the power once the sites are complete The deal is the latest in a long string of tech companies partnering with nuclear power companies to fuel growth Nuclear power developer Elementl Power said Wednesday that it had signed a strategic agreement with Google to develop three sites for advanced reactors. 'Innovative partnerships like this are necessary to mobilize the capital required to build new nuclear projects, which are critical to deliver safe, affordable and clean baseload power and help companies advance their long-term net zero goals,' said Chris Colbert, Elementl Power's CEO. Don't Miss: 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Exact details of the deal were not disclosed, but Google has agreed to commit early-stage development capital to advance the progression of the three projects. In exchange, the tech company will have the option to buy the power once the sites are complete and operational, the announcement said. "Google is committed to catalyzing projects that strengthen the power grids where we operate, and advanced nuclear technology provides reliable, baseload, 24/7 energy,' said Amanda Peterson Corio, Google's global head of data center energy, in Elementl's statement. "Our collaboration with Elementl Power enhances our ability to move at the speed required to meet this moment of AI and American innovation.' Elementl Power was founded in 2022 as a nuclear power project developer. The company has yet to build any sites. It also hasn't chosen what reactors it will use in future projects, according to CNBC, instead opting to wait and see which reactor technology is furthest along in development when the time comes. Trending: Nancy Pelosi Invested $5 Million In An AI Company Last Year — Once these proposed projects reach final investment stages, Google and Elementl Power will work together to find other sources of capital, according to the statement. Each project is aiming for at least 600 MW of capacity. The number is in line with Elementl Power's overall goal of adding 10 GW of power to the nuclear grid by 2035. This is not the first nuclear power deal Google has made within the last year. In October, it said it would be buying power from small modular power reactor company Kairos Power. At the time, Google said that the first reactor would be online by 2030, with more following through need for new power sources to support data centers has been a concern among tech giants for some time. Kevin Miller, Amazon's (NASDAQ:AMZN) vice president of global data centers, told CNBC last month, "We continue to see very strong demand [for power], and we're looking both in the next couple years as well as long term and seeing the numbers only going up." At the same time, Anthropic co-founder Jack Clark told CNBC "we're seeing... tremendous growth in the need for new baseload power. We're seeing unprecedented growth." He predicted that 50 GW of new power capacity, which is equivalent to 50 new nuclear plants, will be needed by 2027 to support AI growth. Read Next:Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – Image: Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? (AMZN): Free Stock Analysis Report This article Google To Fund Three Nuclear Sites, Says The Move Will Allow Them To 'Move At The Speed Required To Meet This Moment Of AI And American Innovation' originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
Time of India
08-05-2025
- Business
- Time of India
Google partners with Elementl Power on nuclear energy sites as power demand for AI grows
Google is partnering with Elementl Power on three project sites for advanced nuclear energy as the energy required to power burgeoning artificial intelligence projects rises sharply. Under the agreement announced Wednesday, Google will provide capital for the projects, which the companies say will each produce 600 megawatts of power capacity. No dollar figure for Google's investment was given. "Our collaboration with Elementl Power enhances our ability to move at the speed required to meet this moment of AI and American innovation ," said Amanda Peterson Corio , Google's head of data center energy. Google and Elementl said they will collaborative with utility and regulated power companies to identify and advance new projects. "We look forward to working with Google to execute these projects and bring safe, carbon-free, baseload electricity to the grid," said Elementl Power Chairman and CEO Chris Colbert. U.S. states have been positioning themselves to meet the tech industry's power needs as policymakers consider expanding subsidies and gutting regulatory obstacles. Last year, 25 states passed legislation to support advanced nuclear energy, and lawmakers this year have introduced over 200 bills supportive of nuclear energy, according to the trade association Nuclear Energy Institute. Advanced reactor designs from competing firms are filling up the federal government's regulatory pipeline as the industry touts them as a reliable, climate-friendly way to meet electricity demands from tech giants desperate to power their fast-growing artificial intelligence platforms. In October, Amazon announced that it was investing in small nuclear reactors, just two days after a similar announcement by Google. A month before that, Constellation Energy, the owner of the shuttered Three Mile Island nuclear power plant said it it planned to restart the reactor so tech giant Microsoft could secure power to supply its data centers. Three Mile Island, located on the Susquehanna River just outside Harrisburg, Pennsylvania, was the site of the nation's worst commercial nuclear power accident, in 1979. Amazon, Google and Microsoft also have been investing in solar and wind technologies, which make electricity without producing greenhouse gas emissions. Elementl Power was founded in 2022.
The Hindu
08-05-2025
- Business
- The Hindu
Google partners with Elementl Power on nuclear energy sites as power demand for AI grows
Google is partnering with Elementl Power on three project sites for advanced nuclear energy as the energy required to power burgeoning artificial intelligence projects rises sharply. Under the agreement announced Wednesday, Google will provide capital for the projects, which the companies say will each produce 600 megawatts of power capacity. No dollar figure for Google's investment was given. 'Our collaboration with Elementl Power enhances our ability to move at the speed required to meet this moment of AI and American innovation," said Amanda Peterson Corio, Google's head of data center energy. Google and Elementl said they will collaborative with utility and regulated power companies to identify and advance new projects. 'We look forward to working with Google to execute these projects and bring safe, carbon-free, baseload electricity to the grid,' said Elementl Power Chairman and CEO Chris Colbert. U.S. states have been positioning themselves to meet the tech industry's power needs as policymakers consider expanding subsidies and gutting regulatory obstacles. Last year, 25 states passed legislation to support advanced nuclear energy, and lawmakers this year have introduced over 200 bills supportive of nuclear energy, according to the trade association Nuclear Energy Institute. Advanced reactor designs from competing firms are filling up the federal government's regulatory pipeline as the industry touts them as a reliable, climate-friendly way to meet electricity demands from tech giants desperate to power their fast-growing artificial intelligence platforms. In October, Amazon announced that it was investing in small nuclear reactors, just two days after a similar announcement by Google. A month before that, Constellation Energy, the owner of the shuttered Three Mile Island nuclear power plant said it it planned to restart the reactor so tech giant Microsoft could secure power to supply its data centers. Three Mile Island, located on the Susquehanna River just outside Harrisburg, Pennsylvania, was the site of the nation's worst commercial nuclear power accident, in 1979. Amazon, Google and Microsoft also have been investing in solar and wind technologies, which make electricity without producing greenhouse gas emissions. Elementl Power was founded in 2022.
