
April 25, 2023
SensOre Limited (ASX:S3N) (‘S3N’ or the Company) is pleased to announce the success of both applications for EIS funding from the government of Western Australia in Round 27. EIS funding can be used to support drilling on new targets that have the potential to add value to the state by opening up new areas for exploration. SensOre’s Moonera and Auralia projects are early stage, greenfield projects in Western Australia’s Madura Province and the deployment of AI approaches to targeting undercover hold potential to unlock value in these regions.
Highlights
- SensOre has been successful again in the Western Australian Government’s Exploration Incentive Scheme (EIS) funding round which was announced on 24 April 2023
- SensOre submitted applications for the Moonera Project (SensOre earning 80%/ Nullabor 20%) and the Auralia Project (SensOre earning 70% and Chalice (ASX:CHN) 30%)
- Both EIS applications were successful, highlighting the quality of targets generated by SensOre’s AI technology and its potential to open up new prospective areas for exploration in the state
- Total funding available through the successful applications is $350,000 ($150,000 for RC drilling at Auralia and $200,000 for diamond drilling on Moonera)
SensOre CEO Richard Taylor said: "We are grateful again to the government of Western Australia for its support for innovative new technologies and approaches. These are exiting projects. The first drilling at Moonera last year geochemically confirmed the potential for the area to host a major copper-gold system and highlights the ability of SensOre’s machine learning and data driven approach to rapidly identify and define exploration prospects. We look forward to working with our partners to realise this potential."
Figure 1: SensOre’s Base Metals Projects – Western Australia
Moonera Overview
The Moonera prospect is a large, circular (7x5km) dense and magnetic geophysical feature located on a major structural dislocation visible in the Madura Province in Western Australia’s magnetic and gravity data. The Madura province, east of the Fraser Ranger province is a newly emerging frontier exploration region that has complex and interesting basement geology beneathextensive cover rocks. The location of the project in relation to the regional geophysics is presented on figure 1.
SensOre’s interpretation is that Moonera is a pipe-like, multiphase, altered intrusive with associated iron-rich magnetic alteration and metasomatism surrounding a central dense central body. The target’s geophysical signature was interpreted as demonstrating characteristics of a carbonatite, IOCG or porphyry type system which gives the target outsized potential if mineralised. The first successful drill hole to test the target was completed in July 2022, with assistance from EIS funding. The drilling encountered a granite and intermediate igneous complex in the basement from 458m depth. Magnetite, hematite, albite, sericite, chlorite and epidote alteration combined with fertility indicators from whole rock geochemistry are indicative of signatures commonly associated with Magmatic Hydrothermal IOCG’s (MH IOCG), alkaline Porphyry and Cu Au breccia mineral systems. All of these deposit styles have been associated with world class deposits.
Figure 2: 22MEDD001 hematite, albite, sericite, chlorite, epidote, and pyrite alteration in syenogranite at 621.6m
Moonera is one of the first of SensOre’s next generation base-metals targets resulting from an expanded application of DPT on its proprietary hyperdimensional data cube combined with new geochemical and geophysical tools. SensOre’s technology has great potential to improve discovery rates for rare earth, battery and critical minerals. Moonera is a joint venture with private company Nullabor Resources Pty Ltd. SensOre through its 100% subsidiary SensOre Yilgarn Ventures Pty Ltd can earn up to an 80% interest in the prospect by expending$3 million within three years.
Click here for the full ASX Release
This article includes content from SensOre Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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04 July
Tech 5: US Lifts EDA Restrictions for China, Apple Explores Third Party AI for Siri
The stock markets had a dynamic start to the third quarter, pushing indices to new highs after earlier tariff concerns.
On Monday (June 30), markets generally saw strong gains, with the S&P 500 (INDEXSP:INX) and Nasdaq Composite (INDEXNASDAQ:.IXIC) reaching new record highs in the US while the S&P/TSX Composite Index (INDEXTSI:OSPTX) climbed higher after a last-minute policy reversal to rescind a planned digital services tax targeting US tech firms.
Tuesday (July 1), Canadian markets were closed for Canada Day. As for US markets, following two consecutive days of highs, the S&P and Nasdaq declined on Tuesday (July 1) after a renewed feud between Tesla (NASDAQ:TSLA) CEO Elon Musk and US President Donald Trump sent Tesla shares down by over 5 percent.
However, tech stocks boosted the performance of both Canadian and US markets on Wednesday (July 2) and Thursday (July 3) after export restrictions to China were lifted and the US labor market reported better-than-expected unemployment data.
US markets were closed on Friday (July 4) for a holiday, while Canadian markets ended the day slightly positive.
1. Meta announces AI restructure, continues talent acquisition
Last weekend, reports surfaced that Meta Platforms (NASDAQ:META) has hired four additional researchers from OpenAI, bringing the total number of high-profile AI talent poached from other tech labs to 13, according to a tweet from former Scale AI CEO Alexandr Wang, who was recently recruited as Meta’s Chief AI Officer.
Then, in an internal memo to employees on Monday, Meta CEO Mark Zuckerberg unveiled the company was restructuring its AI division under the name Meta Superintelligence Labs. According to the memo, which was reviewed by Bloomberg, the new division will be led by Wang and one of its commitments is "developing AI 'superintelligence' or systems that can complete tasks as well as or even better than humans."
Meta has reportedly offered researchers contracts and signing bonuses worth up to US$100 million; however, Chief Technology Officer Andrew Bosworth has pushed back on those reports, claiming the figures are inflated.
Helen Toner, a former OpenAI board member and director of strategy at Georgetown’s Center for Security and Emerging Technology, told Bloomberg TV’s Haslinda Amin on Thursday that Meta’s bid to become an AI leader would be “difficult” considering its track record of internal dysfunction and questions around the return on its massive talent spending.
“Meta has started to get a reputation of having a little bit of a dysfunctional AI team, not really having its organizational structure set up in a way that really lets them succeed and innovate. And what I think we're seeing here is CEO Mark Zuckerberg really stepping in and saying, well, we have to do something differently. We need a big new push, we need a big new effort," she said.
"I think (Meta is) really trying to start something new, to pour enormous amounts of financial resources into that. So the question (to watch) is six months from now, 12 months from now, is that paying off for them?"
2. Apple considers third-party AI for Siri overhaul
Apple (NASDAQ:AAPL) is reportedly in active discussions with Anthropic and OpenAI to integrate their foundation models into an overhauled version of its voice assistant Siri, a significant pivot from the company’s in-house approach to AI. According to people familiar with the discussions who spoke to Bloomberg, Apple has asked both companies to train versions of their models that could be tested on Apple’s infrastructure, the publication reported Monday.
Apple announced plans to release a new version of its voice assistant at its Worldwide Developers Conference in 2024. The release was slated for 2026, but the company has run into multiple engineering snags and delays, and ultimately replaced John Giannandrea with Mike Rockwell as the new Siri chief executive.
Rockwell and software engineering head Craig Federighi launched an evaluation, instructing staff to assess Siri’s performance using third-party tech, including Anthropic's Claude, OpenAI's ChatGPT and Alphabet's (NASDAQ:GOOGL) Gemini.
According to Bloomberg's sources, the team found Anthropic’s technology most promising for Siri, leading Apple’s vice president of corporate development to open discussions with Anthropic.
Bloomberg’s sources maintain that the development of an in-house model is still active, and Apple hasn't made a final decision on using third-party models.
Apple shares closed up 6.24 percent for the week.
Apple's share price performance, June 30 to July 3, 2025.
3. Oracle and OpenAI ink massive computing deal
OpenAI will rent roughly 4.5 gigawatts of computing power from Oracle (NYSE:ORCL) as part of the Stargate Project, according to sources for Bloomberg. The news follows a US$30 billion single cloud deal announced on Monday with an unnamed customer.
The Stargate energy deal is reportedly a component of that larger contract.
Sources added that Oracle will develop multiple data centers in the US, considering sites in Texas, Michigan, Wisconsin and Wyoming, and that the company will expand its recently built center in Abilene, Texas, to accommodate about two gigawatts of power capacity.
This collaboration underscores the escalating demand for high-performance computing necessary to train and operate advanced AI models. OpenAI, a leader in AI research and development, requires immense computational resources to fuel its projects, including large language models and other sophisticated AI applications.
The Stargate initiative positions Oracle as a crucial enabler of this next generation of AI innovation, solidifying its role in the evolving cloud and AI ecosystem. The long-term implications of this partnership could see a significant shift in how AI companies acquire and manage their computational infrastructure, potentially paving the way for more dedicated and extensive cloud partnerships in the future.
Oracle's share price performance, July 1 to July 3, 2025.
4. CoreWeave deploys first Nvidia GB300-powered AI server
CoreWeave (NASDAQ:CRWV) said it has received the first AI server system built around NVIDIA's (NASDAQ:NVDA) ultra-powerful GB300 Grace Blackwell AI chip.
The server is deployed within Dell's (NYSE:DELL) integrated rack-scale system — a turnkey AI infrastructure platform combining compute, networking and cooling — and features 72 of Nvidia’s GB200 chips.
CoreWeave said it will install the cutting-edge hardware in the US and roll out more servers over time. The company will offer the server as part of its AI cloud platform, allowing clients like OpenAI to train and deploy massive, next-generation AI models with faster speeds and greater efficiency.
In the announcement, CoreWeave claimed the NVIDIA GB300 NVL72 significantly boosts AI reasoning performance, offering a 10 times improvement in user responsiveness and five times better throughput per watt than the Hopper server. This translates to an increase of fifty times in reasoning model inference output, enabling faster, more complex AI models.
5. US lifts EDA software export restrictions to China
License requirements for design software sales in China were lifted this week as part of a trade deal between the US and China.
On July 2, the US Commerce Department told Synopsys (NASDAQ:SNPS), Cadence Design Systems (NASDAQ:CDNS) and Siemens (XETR:SIE), three of the world’s leading design software providers, that they would no longer need to seek government licenses to conduct business in China.
Official announcements from the companies confirmed they would be resuming business with Chinese counterparts, sending each of their stock prices up between 3 and 6 percent.
The US government restricted sales of electronic design automation (EDA) tools to China in late May as a response to China’s decision to limit shipments of essential rare earth minerals. Last week, the two countries reached a trade agreement that would re-allow shipments of EDA software after Beijing speeds up approvals of critical mineral exports to the US.
Don't forget to follow us @INN_Technology for real-time news updates!
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
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03 July
Syntheia
Investor Insight
Syntheia’s innovative conversational AI solution is transforming the face of customer engagement for the B2B market. Backed by a stable financial foundation, Syntheia is well-placed to execute its growth strategy, offering investors a compelling opportunity.
Overview
Syntheia (CSE:SYAI) has rapidly emerged as an innovative player in the expanding conversational AI platform-as-a-service market.
In an industry on the cusp of redefining customer engagement, Syntheia delivers advanced AI solutions tailored to the evolving demands of modern communication. Its platform, built to replicate human-like conversations across phone and digital channels, serves both large enterprises and small-to-medium businesses, many of which face persistent challenges in customer support and high turnover in frontline roles. By combining expertise in natural language processing, tonality, sentiment analysis, and conversational behavior, Syntheia sets itself apart, offering a more authentic and human-like experience than conventional chatbot technologies.At the heart of Syntheia’s strategy is a forward-looking approach to AI-powered customer service—an industry undergoing rapid and transformative growth. The global conversational AI market, valued at US$12.24 billion in 2024, is projected to soar to US$61.69 billion by 2032, driven by a robust compound annual growth rate of 22.6 percent. This surge underscores the rising demand for intelligent, scalable solutions capable of handling customer interactions with speed, accuracy, and a human-like touch.
Market growth is being driven by several key factors, including increasing demand for customer-centric interactions, the pursuit of greater operational efficiency, and the cost savings enabled by automating and enhancing customer support functions. Syntheia is well-positioned to capitalize on these trends, equipping businesses with AI-driven tools that reduce onboarding costs, overcome language barriers, and address other operational challenges, while simultaneously improving customer engagement.
Syntheia is listed on the Canadian Securities Exchange under the ticker symbol SYAI. Its stock is tightly held, with a limited float that supports disciplined share expansion. Financially, the company is on solid footing, with $2 million in cash, no debt, and a well-structured capitalization profile that includes options and warrants. This strong financial position provides the flexibility and resources necessary for Syntheia to execute its growth strategy and adapt to evolving market conditions.
Syntheia has signed a non-binding letter of intent to acquire Beyond The Call (BTC), an Ontario-based call center operator. The acquisition targets BTC and certain of its assets. By integrating Syntheia’s AI platform with BTC’s operations, both companies see an opportunity to modernize the business, enhance efficiency, and improve customer satisfaction.
With Syntheia’s Assistant NLP platform surpassing 20,000 subscribers in April 2025, the company is well on track to achieve its goal of reaching 100,000 subscriptions by year-end.
Company Highlights
- Syntheia is a conversational AI solution delivering AI-driven, human-like customer service for enterprises and SMBs.
- The AssistantNLP Platform offers 24/7/365 multilingual support, accessible globally.
- Syntheia operates on a freemium revenue model, with scalable plans catering to varied business sizes and needs.
- The conversational AI market is expected to reach $32.62 billion by 2030, with Syntheia well-positioned to capitalize on this growth.
- Syntheia’s algorithms have achieved an 84 percent success rate in data collection and 98 percent in outreach programs, highlighting exceptional efficiency.
- Financially stable, Syntheia has $2 million in cash, no debt and trades on the Canadian Securities Exchange.
Key Technology
Syntheia is a front-runner in conversational AI, employing natural language processing (NLP) algorithms that are continually refined for accuracy and contextual understanding. The platform’s advanced NLP technology, bolstered by proprietary algorithms, enables it to understand and respond to various conversational cues, including tone, sentiment, semantics, and even idiomatic expressions. These sophisticated capabilities make interactions feel more fluid, accurate and responsive, which is particularly advantageous in sectors like healthcare, finance and customer service, where nuanced communication is essential. In fact, Syntheia’s algorithms exhibit impressive efficacy rates, achieving an 84 percent success rate in data collection and a 98 percent success rate in outreach initiatives, demonstrating the system’s effectiveness in real-world applications.
One of the most compelling aspects of Syntheia’s solution is its proprietary AssistantNLP platform, which offers 24/7/365 conversational AI service. The AssistantNLP platform is designed to handle high volumes of customer queries in multiple languages and across industries, ensuring a scalable, reliable and flexible solution for diverse customer needs.
Syntheia’s platform is also highly accessible, structured around a freemium revenue model that allows businesses to try the service at no cost and then upgrade based on usage and additional features. The freemium model’s flexibility is essential in broadening Syntheia’s customer base by reducing the initial financial commitment for prospective clients and encouraging growth from smaller firms to larger enterprise accounts.
Management Team
Tony Di Benedetto – Chairman, Chief Executive Officer
Tony Di Benedetto has nearly 20 years of IT entrepreneurship, mergers and acquisitions, and capital markets experience. As a seasoned technology business leader, he has successfully built and brought multiple tech businesses to market.
Richard Buzbuzian – President
Richard Buzbuzian is a capital markets executive with over 25 years of investment experience in Canada and Europe, and operates a family office with an investment portfolio of public and pre-IPO companies. Buzbuzian holds a degree from the University of Toronto.
Paul Di Benedetto – Chief Technology Officer
Paul Di Benedetto is a technology visionary with expertise in diverse innovative technologies, including blockchain and AI. He is responsible for overseeing the ongoing development of patent-approved technology at work from Syntheia.
Veronique Laberge – Chief Financial Officer
Veronique Laberge is a chartered professional accountant and holds the title of auditor. With more than 17 years of experience in professional practice, she specializes in certification mandates and general accounting, and acts as a consultant for public and private companies.
Emilio Iantorno – VP of Product & Experience Strategy
Emilio Iantorno, a 20-year design veteran, specializes in crafting engaging product experiences for diverse audiences and industries. Emilio leads the Syntheia design process, effectively harnessing the best technology to tackle business challenges.
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20 June
Canada Makes Tech Leadership Moves: Axl Launches, Carney Shares Priorities at G7 Summit
Canada’s tech sector saw momentum this week, with announcements spanning venture capital and quantum computing, as well as global policy leadership news out of the G7 summit.
Axl on a mission to retain Canadian innovation
On Tuesday (June 17), Axl, a newly founded Canadian venture studio, announced plans to help launch 50 artificial intelligence (AI) companies in Canada over the next five years, supported by a C$15 million fund led by co-founder Daniel Wigdor, a computer science professor at the University of Toronto.
The venture's other founders are Tovi Grossman, another University of Toronto professor, entrepreneur Ray Sharma and former Telus (TSX:T,NYSE:TU) executive David Sharma. Mining magnate Rob McEwen of McEwen Mining (TSX:MUX,NYSE:MUX) and Smart Technologies co-founder David Martin are also investors.
According to Wigdor, Axl will tackle practical business problems and connect them with promising academic research in a bid to keep Canadian innovation at home. “The social contract academics believe we have with society is that we invent these technologies and inspire people,” he told the Globe and Mail on Tuesday. “The tragedy is that the foundational technologies we’re inventing in Canada are not accruing capital for Canada."
Wigdor pointed to his own career as a cautionary tale, explaining that the iPhone’s multi-touch interface was presaged by research he conducted in the early 2000s for his University of Toronto thesis, which itself built on concepts pioneered by University of Toronto professor Bill Buxton in the 1980s.
Other University of Toronto AI breakthroughs fueled the international rise of figures like Geoffrey Hinton, OpenAI co-founder Ilya Sutskever and xAI’s Jimmy Ba, all of whom took their expertise to US-based companies.
Carney talks tech leadership at G7 summit
Initiatives like Axl’s signal a proactive approach to Canada’s challenge of retaining tech talent and capitalizing on its world-class research; however, its success will hinge on broader public support.
Prime Minister Mark Carney has signaled that fostering tech innovation at home is a priority. He told G7 leaders that driving the digital transition, led by AI and quantum computing, would be one of his top goals at the summit.
Quantum technology was reportedly discussed at length during the two day meeting, which took place in Kananaskis, Alberta. In addition, a joint statement from members released by the prime minister's office indicates that Canada will launch the G7 GovAI Grand Challenge and host a series of Rapid Solution Labs “to develop innovative and scalable solutions to the barriers we face in adopting AI in the public sector.”
That emphasis echoes longstanding concerns from the research community.
A 2024 letter acquired by the Logic and sent to then-innovation minister François-Philippe Champagne by the Quantum Advisory Council cites the significant sums that other countries have invested in quantum technology.
“The cost of inaction is tremendous,” the group wrote at the time, pointing to Canada’s history of “inventing core technologies,” but letting other countries “grow industries around our inventions.”
The council proposed a C$1 billion program that would mirror the Quantum Benchmarking Initiative (QBI), which fosters domestic quantum computing in the US. The QBI has selected 18 companies for its first phase, including three from Canada; firms that demonstrate the ability to build a functional quantum computer by 2033 will be eligible to receive up to US$316 million, making it a potential “kingmaker” program.
The second phase of the program is set to launch in August 2025. While no relocation demands have been made, concerns exist that later-stage QBI terms could force Canadian winners to the US.
The Quantum Advisory Council said its proposed program would be run by the National Research Council, which would independently assess firms to accelerate the development of competitive domestic quantum companies.
It would build on a C$360 million national quantum strategy announced in April 2021.
The council's recommendations include increased grants for scientific and social science research into quantum technologies, and a new federal clusters program to foster regional quantum ecosystems encompassing research, development and training, alongside ethical and secure use. It also calls for significant investment in quantum-safe software certification and the development of other security systems.
In a speech at the Quantum Now conference in Montreal on Thursday (June 19), Canada’s AI minister, Evan Solomon, emphasized the need to protect Canada’s talent pipeline. “We cannot allow short-term funding opportunities to hollow out our domestic capabilities or transfer generations of Canadian innovation outside our borders,” he said.
Earlier this month, the minister said he would move away from “over-indexing on warnings and regulation” and instead focus on finding ways to unleash the economic potential of AI. The ongoing collaboration between government initiatives and private ventures will be key to unlocking Canada's full potential in the new digital era.
Don’t forget to follow us @INN_Technology for real-time news updates!
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
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13 June
Tech 5: Meta Plans Multibillion AI Bet, Apple Reveals iOS 26 at WWDC 2025
This week saw a flurry of activity in the tech world, from Apple's (NASDAQ:AAPL) new product announcements to Amazon's (NASDAQ:AMZN) massive infrastructure investment in Pennsylvania.
Meanwhile, NVIDIA's (NASDAQ:NVDA) European expansion and its role as an artificial intelligence (AI) powerhouse were all but cemented after a series of announcements at the Paris VivaTech Conference, and Mark Zuckerberg's Meta Platforms (NASDAQ:META) made big moves in the AI startup space.
Read on to dive deeper into this week's top tech stories.
1. Meta's AI strategy takes shape with US$14.8 billion deal
Meta has a massive deal in the works with Scale AI, as per information provided by sources to multiple outlets.
On June 7, Bloomberg broke the news that Meta was in discussions for a potential investment of over US$10 billion in the AI firm. Then, on Tuesday (June 10), The Information reported Meta would acquire a 49 percent stake in Scale AI for US$14.8 billion, valuing the startup at US$28 billion, a two-fold increase from its valuation in 2024.
The news was followed by Tuesday reports from the New York Times and Bloomberg saying that Meta would be unveiling a new AI research lab focused on achieving superintelligence.
It will include Alexandr Wang, who is Scale AI's founder and CEO, among other Scale AI employees.
CEO Zuckerberg reportedly acquired additional talent for the lab by offering lucrative compensation packages to engineers from multiple other tech firms, including Google (NASDAQ:GOOGL) and OpenAI.
2. Apple's WWDC disappoints investors
Shares of Apple fell by over 2 percent on Monday (June 9) and closed 1.43 percent lower after new developments and features revealed at its annual Worldwide Developers Conference (WWDC) failed to impress investors.
Apple’s forthcoming software updates featured subtle improvements, such as a revamped operating system (OS) and AI capabilities that were noticeably toned down compared to the previous year's unveiling.
Among the new additions to Apple devices are in-app live translation, call screening, AI-driven information analysis and more sophisticated image generation capabilities thanks to its partner OpenAI.
The company also said it would provide developers with offline functionality for its on-device AI models.
The biggest development was the introduction of Liquid Glass, a new design language and graphical user interface developed to unify the visual experience across Apple’s operating systems.
Also part of the push for unification, Apple shared it is switching to an iOS naming system using a number based on calendar year after its release, meaning the next release will be iOS 26.
Apple briefly mentioned the long-awaited AI-powered upgrade to its Siri assistant that was announced at WWDC 2024. During the previous conference, executives hinted that the new Siri would be released with iOS 18, which came out last September without the upgrade.
While no release date was provided at the event, Senior Vice President of Software Engineering Craig Federighi said that the company looks forward to sharing more details “in the coming year.” The company reaffirmed that timeline in a Bloomberg report after anonymous sources told the publication Apple is aiming for a spring 2026 release.
Shares of Apple closed down 3.88 percent for the week.
3. Amazon to build nuclear-powered data centers in Pennsylvania
Amazon announced plans on Monday to invest at least US$20 billion in expanding its data center infrastructure in Pennsylvania, including the construction of two new data center campuses. One campus will be in Luzerne County, south of Scranton, alongside Talen Energy's (NASDAQ:TLN) Susquehanna nuclear power plant. The second campus will be built north of Philadelphia in Bucks County, at the site of what was once a steel mill.
“Pennsylvania is competing again — and I'm proud to announce that with Amazon's commitment of at least $20 billion to build new state-of-the-art data center campuses across our Commonwealth, we have secured the largest private sector investment in the history of Pennsylvania,” Pennsylvania Governor Josh Shapiro (D) said in a press release.
Later, on Wednesday (June 11), Talen announced the expansion of its nuclear energy partnership with Amazon. The collaboration was originally formed in 2022, and will now supply AWS data centers with up to 1,920 megawatts of electricity from its plant, double its previous commitment of 960 megawatts.
The two companies also shared plans to explore the development of small modular reactors in the state.
4. Oracle reaches new heights on earnings report
Oracle (NYSE:ORCL) reported its fiscal Q4 and full-year 2025 earnings on Wednesday, revealing total Q4 revenue of US$15.9 billion, above analyst estimates and a year-over-year increase of 11 percent.
Earnings per share were US$1.70, which also exceeded expectations of US$1.64.
The software maker’s cloud infrastructure business grew by 50 percent year-over-year in fiscal year 2025, and Oracle projected a further increase of 70 percent in cloud infrastructure sales over the next year.
Oracle performance, June 9 to 13, 2025.
Chart via the Investing News Network.
CEO Safra Catz's news during the earnings call that the Stargate joint venture is “not yet formed” had little bearing on the company’s share price. The positive report sent shares to a new high of US$202.44, and they continued climbing to close Friday up 23 percent since the start of the week.
5. NVIDIA CEO highlights AI job creation, European AI deals at VivaTech
In a week of announcements that coincided with the VivaTech 2025 conference in Paris, NVIDIA CEO Jensen Huang showcased his company’s role as a full-stack AI infrastructure provider.
His message during his keynote presentation on Wednesday was a stark contrast to Anthropic CEO Dario Amodei’s warning earlier this week that AI could lead to widespread job displacement.
On the contrary, Huang said that AI will create new industries and demand for jobs. He also noted that quantum computing technology is at an inflection point, with the potential to solve problems that currently demand years of processing by classical computers. His comments came just one day after IBM (NYSE:IBM) unveiled its newest roadmap, which includes plans for a new quantum data center and the IBM Quantum Starling, which the company says will be the world's first large-scale, fault-tolerant quantum computer.
Cementing NVIDIA's role as a global infrastructure leader, Huang shared plans to develop European sovereign AI models through a newly announced partnership with US-based, AI-powered search engine Perplexity and French sovereign AI start-up H Company. Developers will be able to access and fine-tune Perplexity’s models through Hugging Face, a platform for model sharing and collaboration.
DGX Cloud Lepton, NVIDIA's sovereign-ready AI cloud platform, will host the models on European infrastructure to comply with local data privacy and localization requirements. Huang said that, with over 20 active AI factory initiatives in the region, he anticipates a tenfold increase in Europe's AI computing capacity within two years.
Also on Wednesday, insiders for Bloomberg reported that NVIDIA and Samsung Electronics (KRX:005930) will make minority investments in robotics software developer Skild AI as part of the company’s Series B funding round.
The round is led by a US$100 million investment from SoftBank (TSE:9434) and will result in a US$4.5 billion valuation, according to the report. Sources with insider knowledge said that NVIDIA will invest US$10 million and Samsung will put in US$25 million in a strategic move aimed at boosting the companies' influence in the consumer robotics sector.
Don't forget to follow us @INN_Technology for real-time news updates!
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
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09 June
Why 3D Visualisation is a Game Changer for Resource Asset Management
Forget spreadsheets and static blueprints. The future of resource asset management is unfolding in three dimensions, and smart money is starting to take notice.
3D visualisation is no longer a niche tool; it's rapidly becoming the indispensable core of how resource companies — such as mining, oil and gas and utilities — are tackling their most pressing challenges, from optimising daily operations to achieving critical environmental, social and governance objectives. For investors, this isn't just a technological upgrade; it's a paradigm shift with significant implications for portfolio performance.
Managing complexity at scale
Infrastructure in the resource sector is often situated in extreme or inaccessible environments. Offshore rigs, underground mining sites and regional power transmission stations are all difficult and costly to maintain.
Asset downtime due to unplanned maintenance can result in financial losses reaching millions of dollars per incident, and routine inspections often require travel to remote locations that add time, cost and logistical complexity.
Adding to these challenges is a consistently high risk to worker safety. Workers are often exposed to hazardous conditions, including confined spaces, high-temperature environments, toxic chemicals and heavy machinery. According to a report by Safe Work Australia, the mining industry has the third highest fatality rates of any sector, with 2.3 fatalities for every 100,000 workers. The International Labour Organization has similarly flagged mining and energy as among the world’s most dangerous industries due to the frequency and severity of accidents.
Further compounding the issue are communication breakdowns stemming from outdated or incomplete asset documentation, which can lead to misinformed decisions during maintenance or emergency situations.
These limitations, especially in fast-moving or high-stakes environments, highlight the need for better visibility, coordination and remote access to information.
In this context, technologies that reduce the need for physical site visits while improving asset awareness and communication can deliver not only operational improvements but critical safety outcomes as well.
From paper plans to digital twins
3D visualisation technologies have matured rapidly, enabling the creation of digital twins — virtual replicas of physical infrastructure that can be accessed and interacted with remotely.
These digital environments are built using techniques like photogrammetry, LiDAR scanning and geospatial imaging, integrated with operational data to create not only visual fidelity but functional insight.
According to Deloitte, digital twins are already being deployed across industrial settings to support predictive maintenance, equipment performance tracking and strategic planning. The market is expanding rapidly, with forecasts from MarketsandMarkets estimating growth from US$10.1 billion in 2023 to over US$110 billion by 2028. This level of growth suggests that the technology is moving out of the innovation phase and into the mainstream.
For investors looking to understand the landscape, several public companies are active in this space. Bentley Systems (NASDAQ:BSY) provides infrastructure engineering software with digital twin capabilities for large-scale infrastructure projects. PTC (NASDAQ:PTC) offers ThingWorx, a platform that enables digital twins in conjunction with industrial IoT systems. Autodesk (NASDAQ:ADSK), long known for its design tools, is now expanding its role in asset modeling and visualisation. AVEVA, now under Schneider Electric (EPA:SU), supplies industrial digital twin solutions with a focus on energy and utilities. Siemens (OTC Pink:SMAWF:ETR:SIE), through its Digital Industries division, integrates simulation and monitoring technologies across a range of industrial applications.
These companies demonstrate how digital twin technologies are being adopted across the industrial landscape. However, alongside these multinational players, smaller, agile firms are carving out focused niches, offering solutions tailored for specific operational needs and high-value sectors.
Spotlight: RemSense Technologies and virtualplant
One of the most compelling examples of this focused approach is RemSense Technologies (ASX:REM), an Australian technology company developing advanced visualisation tools for asset-heavy industries.
Its flagship platform, virtualplant, enables organisations to remotely visualise, manage and interact with their operational infrastructure through immersive, photorealistic digital twins.
Using photogrammetry, virtualplant creates a detailed visual record of an industrial site. Unlike traditional CAD models or schematic drawings, virtualplant replicates actual site conditions with photographic precision.
It integrates asset tags, operational data and annotations, allowing users to "walk through" facilities remotely — on a laptop or tablet — without needing specialist software or training.
RemSense's approach to digital twins emphasises accessibility, functionality and operational relevance. The platform is not just a visualisation tool; it supports a wide range of use cases, from remote maintenance planning and shutdown preparation to safety training and contractor onboarding. Because the platform integrates live asset data and supports contextual annotations, it serves as both a virtual environment and a centralised knowledge hub.
The company's collaborations with Tier 1 operators such as Woodside Energy Group (ASX:WDS,NYSE:WDS), Chevron (NYSE:CVX) and Newmont (TSX:NGT,NYSE:NEM) further illustrate the value of its offering.
These partnerships demonstrate the technology is not only deployable at scale but also trusted in some of the world’s most demanding operational environments. These clients use virtualplant to support pre-maintenance walkdowns, improve workforce training through virtual inductions and reduce the need for physical site visits — outcomes that directly translate into cost savings, reduced emissions and safer working conditions.
In a sector where even incremental gains in safety, uptime or efficiency can yield millions in savings, RemSense’s technology presents a cost-effective, high-leverage tool for modernising asset management.
Investor takeaway
The convergence of rising operational complexity, heightened ESG expectations and falling technology costs is driving a structural shift in how resource companies manage their assets. 3D visualisation and digital twins are moving from innovation labs to standard practice.
While large-cap players are expanding their digital offerings, smaller firms like RemSense occupy a compelling niche, offering flexible, deployable solutions tailored for real-world industrial environments.
For investors, this translates into several key takeaways:
- Market growth: The digital twin market is forecast to grow at a CAGR of 42.6 percent through 2028.
- Early stage advantage: Companies like RemSense are at the beginning of a broader adoption curve, offering long-term scalability.
- Strategic fit: As digitisation becomes essential for ESG and operational excellence, asset-heavy industries are likely to accelerate investment in these technologies.
This INNspired article is sponsored by RemSense Technologies (ASX:REM). This INNspired article provides information which was sourced by the Investing News Network (INN) and approved by RemSense Technologies in order to help investors learn more about the company. RemSense Technologies is a client of INN. The company’s campaign fees pay for INN to create and update this INNspired article.
This INNspired article was written according to INN editorial standards to educate investors.
INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.
The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with RemSense Technologies and seek advice from a qualified investment advisor.
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06 June
Tech 5: CoreWeave and Applied Digital Strike Deal, Startup Anduril Raises US$2.5 Billion
This week’s developments across the tech sector underscored the deepening connection between advanced computing, capital flows and geopolitical dynamics.
Applied Digital (NASDAQ:APLD) secured a landmark agreement with CoreWeave (NASDAQ:CRWV), while Broadcom’s (NASDAQ:AVGO) newest high-performance chip hit the market. Meanwhile, Canada’s Cohere is reportedly seeking fresh funding as it builds momentum in the enterprise artificial intelligence (AI) space.
In the defense sector, Anduril Industries secured a new round of funding, and elsewhere geopolitical tensions made their mark on Apple’s (NASDAQ:APPL) AI rollout in China.
Read on to dive deeper into this week's top tech stories.
1. Applied Digital and CoreWeave strike major deal
Applied Digital was the top performer on the S&P 500 (INDEXSP:.INX) on Monday (June 2) after the company announced two long-term lease agreements with cloud infrastructure company CoreWeave.
Under the terms of the agreements, Applied Digital will deliver 250 megawatts of IT load to host CoreWeave's AI and high-performance computing infrastructure at its Ellendale, North Dakota, data center campus. The arrangements are expected to generate approximately US$7 billion in total revenue for Applied Digital.
News of the deal sent shares of Applied Digital up by over 22 percent to close at US$10.14 on Monday afternoon. CoreWeave’s share price saw an increase of 3.35 percent, closing at US$118.24.
The companies finished the week up 67 percent and 20 percent, respectively.
2. Broadcom shares slip post-earnings
Broadcom shares rose 3.2 percent on Tuesday (June 5), hitting a record high of US$264.89 after the company announced that it began shipping its latest networking chip, the Tomahawk 6.
However, enthusiasm faded after Broadcom reported its earnings after the markets closed.
Despite beating estimates on both earnings and revenue, the chip supplier’s forecast for the third quarter wasn’t enough to impress investors, who sent its share price down in after-hours trading.
The company is calling for Q3 revenue of US$15.8 billion, below analysts' forecasts of US$15.71 billion.
“High expectations drove a bit of downside,” Bernstein analyst Stacy Rasgon said in a note.
Despite this, Broadcom ended the week priced at US$246.93, 1.5 percent above Monday’s opening price.
3. Cohere targets new funding round
Canadian AI company Cohere is seeking US$500 million in new funding, targeting a valuation of US$5.5 billion to US$6.5 billion, according to a Financial Times report released on Sunday (June 3).
The outlet cites three sources with inside knowledge of ongoing discussions that are still in early stages.
The company was founded by former Google (NASDAQ:GOOGL) researchers; it prioritizes enterprise users and specializes in privacy solutions. Cohere has not released any consumer apps, but has debuted a family of open-source models: Aya, as well as North, a platform available to limited users that allows businesses to develop customized AI agents. According to the sources, Cohere doubled its annual recurring revenue to more than US$100 million in May.
Apple, Broadcom, Applied Digital and CoreWeave performance, June 2 to 6, 2025.
Chart via Google Finance.
4. Delays and court rulings challenge Apple's strategies
The Financial Times reported on Monday that Apple’s rollout of AI services in China is being delayed by Beijing regulators due to the ongoing trade war between China and US President Donald Trump’s administration.
In February, Apple made a deal with Alibaba (NYSE:BABA) to power Apple Intelligence using Alibaba’s proprietary Qwen large-language models. However, the rollout has been stalled, potentially due to ongoing geopolitical tensions, although Chinese regulators have not confirmed any particular reasons for the delay.
In other news, a federal appeals court denied Apple’s request for a stay of a court order that forbids the company from collecting commission on external payment links, a result of its legal battle with Epic Games.
Apple “bears the burden of showing that the circumstances justify an exercise of (our) discretion,” according to the order. “After reviewing the relevant factors, we are not persuaded that a stay is appropriate.”
The rejection by the appellate court forces Apple to adhere to the original ruling, which aims to increase competition and offer users diverse payment choices. The decision's consequences are substantial, potentially impacting Apple’s existing revenue structure. Additionally, it could reshape the overall landscape of the mobile app market.
5. Anduril valuation soars after latest funding round
Defense startup Anduril Industries, known for supplying weapons to the US government, has secured US$2.5 billion in a new funding round led by Founders Fund, Peter Thiel's venture capital firm. The firm contributed US$1 billion, according to Anduril Executive Chairman Trae Stephens, who spoke to Bloomberg Television on Thursday (June 5).
The newest round has more than doubled the company’s valuation, bringing it to US$30.5 billion.
Anduril has become a key player in modern defense tech with its autonomous drones, surveillance towers and AI-driven systems, part of a broader shift toward software-defined warfare.
Don't forget to follow us @INN_Technology for real-time news updates!
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
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