Latest Ai Development News

Nanoveu’s subsidiary EMASS has completed the design phase of its cutting-edge 16nm ECS-DoT Edge AI system-on-chip, moving closer to fabrication and silicon validation that could redefine ultra-low-power AI at the edge.

Vection Technologies reports a record quarter-to-date cash intake of approximately $14 million and a robust $50 million forward pipeline, underscoring strong momentum across defence, AI, healthcare, and retail sectors.

Pro Medicus Ltd has delivered a record-breaking FY2025 with revenue soaring nearly 32% and net profit up 39%, driven by landmark contracts and a robust growth pipeline.

News Corporation reported a modest 2% revenue increase and a 1% rise in net income for Q1 Fiscal 2026, driven by strong digital growth at Dow Jones and Digital Real Estate Services. The company also accelerated share buybacks, signaling confidence in its undervalued stock amid strategic AI partnerships.

Appen Limited reported a modest 2% revenue increase in Q3 FY25, driven by an 81% surge in its China business, while navigating ongoing volatility in the US AI market. The company reaffirmed its FY25 guidance, highlighting progress on cost efficiencies and a strong cash position.

Singular Health Group has advanced its US expansion through the deployment of 3DICOM™ licenses under a key contract with Provider Network Solutions, alongside appointing a new US commercial chief to drive growth.

Appen Limited reported a modest 2% revenue increase in H1 FY25, driven by a 67% surge in its China business, while reaffirming full-year guidance amid US market uncertainties.

AI-Media Technologies has accelerated its transformation into a technology-led business, reporting a 19% increase in technology revenue and launching its AI-powered LEXI Voice product in FY25.

Webjet Group has acquired Locomote to fast-track its business travel offering, aiming for significant growth by FY30, while also launching a $25 million share buy-back program to return capital to shareholders.

Cogstate Ltd has reported a strong FY25 with 22% revenue growth and a near doubling of profit before tax, declaring its first fully franked dividend and preparing to launch its inaugural AI-powered product in FY26.

Appen Limited reported a mixed Q2 FY25 with a 6% revenue decline year-over-year, driven by a strong 77% surge in its China business that achieved profitability, while US market challenges persist. The company targets $10 million in cost savings to fuel future growth.

archTIS Limited has secured A$7.5 million through a discounted share placement to fund expansion in the U.S. defence sector, deepen strategic partnerships, and accelerate product innovation focused on secure data collaboration.