Cognizant and Google Cloud have set up a Gemini Frontier Capability Group with more than 18,000 Cognizant employees building AI agents for clients on Gemini. The work will cover legacy system modernisation, developer tools, process automation and cyber defence; no financial terms were disclosed.
Tenstorrent, which positions itself as a challenger to Nvidia, raised $1.5 billion and is now valued at $6.2 billion. The company chose to stay independent after attracting acquisition interest earlier this year.
Tolan, an AI companion app, has raised a further $30 million. The funding follows the app passing 250,000 active users.
A year after buying Cognigy, NiCE presented itself at its analyst summit as a company reorganised around AI rather than a contact-centre software provider. SiliconANGLE argues its legacy business gives it time to make the transition.
Launching an AI pilot is easy compared with running it reliably at scale. In McKinsey's 2026 global survey, only 37% of respondents said AI had improved their company's earnings, the same as a year earlier, even though eight in ten credited it with other benefits.
CoreWeave's bonds fell into distressed territory last week, with investors demanding a yield more than 1,000 basis points above government bonds. The slide has fed questions about whether the AI build-out is a private credit bubble.