Nikolajus Gavrillinas, co-founder and CEO of LITILIT. (Source: LITILIT) LITILIT is developing one of the highest-capacity femtosecond laser production facilities in the world, designed to reach an annual production capacity of up to 3,000 lasers within a few years of launch. The company aims to address one of the key barriers to wider femtosecond laser adoption: the need for scalable, industrially practical production. June 17,…
Cinchy Appoints Cybersecurity Industry Veteran J.Paul Haynes as Chief Executive Officer
Former eSentire Executive Joins Cinchy to Accelerate the Company’s Next Chapter of Trusted AI Adoption TORONTO, ON — June 17: Cinchy today announced the appointment of J.Paul Haynes as Chief Executive Officer, bringing decades of cybersecurity leadership experience to the company as organizations increasingly seek trusted approaches to AI adoption. Haynes joins Cinchy following a distinguished career helping build and scale some of cybersecurity’s most recognized organizations, including playing…
Nickel Digital Redefines The Pod Shop For The Digital Asset Age
June 17: Nickel Digital Asset Management (“Nickel”), Europe’s leading digital assets hedge fund manager, founded by alumni of Bankers Trust, Goldman Sachs and JPMorgan, has outlined its vision of best practice for pod shops in the digital asset space. Its model is focused on reducing fixed-cost drag and strengthening alignment and trust with pods anchored in higher performance fees, but with a holdback to absorb…
AMD and Rackspace Technology Sign Definitive Agreement for Phased Deployment of 30 MW of AMD AI Compute
SANTA CLARA, Calif. and SAN ANTONIO, June 17: (GLOBE NEWSWIRE) — AMD (NASDAQ: AMD) and Rackspace Technology® (NASDAQ: RXT), a global enterprise AI infrastructure and solutions provider, today announced the signing of a definitive agreement for the phased deployment of an initial 30 MW footprint dedicated to AMD-based compute deployments across Rackspace’s global data centers beginning in late 2026 through 2028. The agreement operationalizes the…
EbixCash expands phygital network as assisted digital transactions surge in non-metro India
New Delhi | June 17: EbixCash World Money, a flagship subsidiary of Eraaya Lifespaces Limited, today announced the expansion of its payments, remittance and forex network to 2,250 Indian cities/town/villages, up from 2,143 a year ago. The expansion adds over 573 new retail touchpoints, with 89% of new merchant additions coming from Tier 2 and Tier 3 towns. The newly added network spans key regional…
Switzerland extends its lead in the technologies reshaping the global economy
ZURICH / PARIS, June 17. The technologies now driving the global economy, from advanced computing to artificial intelligence and robotics, are built patiently, over decades of sustained investment and deep scientific groundwork. Increasingly that work traces back to a country a fraction of the size of the giants it competes with. Switzerland now directs a greater share of its venture capital to deep tech than…
Plaud Scales From dollar 1M to 100M ARR Within Two Years, Bringing AI Beyond the Screen for Professionals
Among the fastest-known AI companies, Plaud stands out as a rare hardware-enabled AI company in a cohort dominated by software-only players SAN FRANCISCO, June 17: Plaud, the company building real-world AI interface for professionals, today announced it has scaled from $1M to $100M in ARR within two years, placing it among the fastest AI companies globally to reach the milestone. Plaud is the only hardware-enabled AI…
ITS America Conference & Expo 2026 Delivers Record Innovation and Landmark Celebration in Detroit
More than 3,000 industry leaders gather in the Motor City to advance intelligent transportation DETROIT, Mich. June 17: The ITS America Conference & Expo 2026 brought breakthrough technologies and real-world solutions to Detroit, drawing more than 3,000 industry professionals from 46 states, and the District of Columbia together to advance safer, smarter, and more connected mobility worldwide. Organized in partnership by RX Global and ITS America, the four-day event at Huntington…
Advancing European Aviation: Deutsche Aircraft Showcases Multi-Role Innovation at ILA Berlin
Berlin, Germany, 16 June 2026 – At ILA Berlin 2026, Deutsche Aircraft demonstrated how visionary aviation concepts are advancing toward operational reality. The German OEM showcased its substantial progress across the commercial and multi-role sectors, making it clear how applied research, portfolio expansion and long-term collaboration are actively accelerating the development and industrialisation of the next-generation D328eco® turboprop. Together, these announcements reflect Deutsche Aircraft’s broader strategy…
Space: LGM Group Obtains Process Certification for Manual Wiring of Electronic Boards
LGM has reached a major milestone by obtaining process certification for manual wiring of electronic boards for the space sector at its Marville site in the Meuse (France), issued by CNES and compliant with the European Space Agency’s ECSS standards. LGM announces that it has obtained accreditation for manual wiring process in electronic boards intended for the space sector. This certification, overseen by the Centre National d’Études Spatiales (CNES),…