Can AI fix legacy IT? The ‘economics don’t hold up,’ says former IBM strategist

Vendors are pitching AI as a cure-all for legacy IT systems, but is it?

VEIR raises $110M to swap copper for superconductors in AI data centres
VEIR raises $110M to swap copper for superconductors in AI data centres

VEIR has raised $110 million in a Series C round. The Massachusetts company makes superconducting power cables for AI data centres. Matter Venture Partners and Tyche Partners co-led the round, which VEIR called oversubscribed. LG Technology Ventures, G…

One prompt let researchers take over every AWS AgentCore agent in a region
One prompt let researchers take over every AWS AgentCore agent in a region

Researchers at Zenity Labs used a single prompt to one public-facing AI agent on Amazon Bedrock AgentCore to take over every AgentCore agent in the same AWS account and region. The security firm published the research on Thursday, alongside a talk at t…

Voltus raises $225M to turn homes and batteries into power for data centres
Voltus raises $225M to turn homes and batteries into power for data centres

Voltus has raised $225 million in a Series D round. The San Francisco company pays businesses and homes to cut, shift or supply power when the grid needs it. Generation Investment Management led the round, with Activate Capital and the energy trader Vi…

NHS South East rolls out skin cancer AI that can discharge patients alone
NHS South East rolls out skin cancer AI that can discharge patients alone

NHS England’s South East region is rolling out an AI that can discharge patients with harmless skin lesions without a dermatologist seeing them. DERM, made by London-based Skin Analytics, goes live in all 18 NHS trusts there from this autumn. It will c…

Nvidia-backed Upscale AI launches platform to link chips from rival makers
Nvidia-backed Upscale AI launches platform to link chips from rival makers

Upscale AI, a Santa Clara networking startup backed by Nvidia, launched a platform on Thursday that lets data centres link AI chips made by different suppliers, Reuters reported. The product, called Token Fabric, was revealed in a company announcement …

Italian data centre group expects €37B of investment by 2036
Italian data centre group expects €37B of investment by 2036

Italy’s commercial data centres could attract €36.9 billion ($41.5 billion) of investment through 2036, according to a study by the Italian Datacenter Association (IDA). The industry group presented its 2026 market research at its Data Center Symposium…

Nestlé CEO says workers need more than prompting skills to use AI well
Nestlé CEO says workers need more than prompting skills to use AI well

Nestlé chief executive Philipp Navratil says knowing how to write a good prompt is not enough for workers who want to keep up with artificial intelligence. Staff also need to understand their business and change the way they work, he told Business Insi…

Sesterce plans €10B AI data centre campus at former Finnish paper mill
Sesterce plans €10B AI data centre campus at former Finnish paper mill

French AI infrastructure company Sesterce plans to invest more than €10bn in an AI data centre campus at a former paper mill in Jämsä, central Finland. The campus will be located on the Kaipola site, where UPM shut down its paper mill in early 2021, Se…

SpaceX reportedly seeking $40 billion debt package for Nvidia AI hardware

SpaceX reportedly intends to borrow $40 billion to procure 360,000 Nvidia Rubin AI accelerators, infrastructure.