#AI

Roadzen (RDZN) will participate in the Maxim Growth Summit (Oct 22-23) and ThinkEquity Conference (Oct 30) in New York City. CEO Rohan Malhotra will discuss AI applications, DrivebuddyAI adoption, global scaling, margin expansion, and Roadzen’s driving intelligence network. The company aims to highlight recent accomplishments and technological progress. Investors can arrange meetings through Maxim or ThinkEquity representatives. Roadzen focuses on AI-powered auto insurance solutions.

DXC Technology launches DXC Assure Smart Apps, an AI-powered suite to modernize insurance operations and enhance decision-making. Utilizing Amazon Web Services and the DXC Assure Platform, the apps integrate seamlessly with existing systems, offering self-service capabilities, AI-driven customer support, and intelligent insights. Built with DXC’s Assure BPM and enhanced by ServiceNow, the Smart Apps promise scalable workflows and rapid deployment, aiming for an 80% reduction in process design time, enabling insurers to innovate without disrupting existing investments.

Leonardo DRS has launched SAGEcore™, a software platform integrating AI, sensor technology, and edge computing for tactical applications. Designed for rapid data fusion in multi-domain environments, SAGEcore aims to provide warfighters with real-time situational awareness, enabling faster decision-making. The platform supports various tactical systems and offers capabilities like multi-sensor data fusion, AI/ML algorithm execution, and secure communication. Leonardo DRS targets key areas like counter-UAS and electronic warfare, positioning itself in the growing AI-powered defense market.

Applied Digital (APLD) stock surged 16% after exceeding first-quarter revenue estimates, driven by high demand for AI data centers. Revenue reached $64.2 million, an 84% increase year-over-year. The company is expanding infrastructure, including its partnership with CoreWeave, adding 150 MW of capacity. Applied Digital secured funding for a second North Dakota campus, aiming for 600 MW total leased capacity by 2027. While revenue increased, the company reported a net loss of $18.5 million.

Hollywood agency CAA has criticized OpenAI’s Sora platform, citing risks to intellectual property and creators’ rights. CAA questions OpenAI’s compensation and attribution stance, advocating for control, permission, and compensation for artists. Other agencies like WME and UTA have also voiced concerns, with Disney sending a warning letter to OpenAI. The Motion Picture Association urges action against copyright infringement. The entertainment industry’s increasing apprehension reflects broader legal uncertainties surrounding AI-generated content and copyright law.

Snowflake CEO Sridhar Ramaswamy downplays short-term stock market volatility driven by AI hype, emphasizing the company’s focus on long-term value creation. He advocates for a strategic, incremental approach to AI implementation, highlighting its potential to accelerate data-driven decision-making. While acknowledging potential market turbulence and comparing the current AI landscape to the dot-com era, Ramaswamy remains committed to Snowflake’s growth, emphasizing the importance of earning value “one dollar at a time.” He also stated he’s not currently selling shares.

Anthropic plans to open its first Indian office in Bengaluru by early 2026, following its expansion into Tokyo. CEO Dario Amodei is engaging with Indian officials and partners, drawn by India’s high AI adoption rates and government support. Anthropic will focus on AI for social good, enhancing Claude’s performance in Indian languages. While India is currently Claude’s second largest user base, OpenAI’s ChatGPT dominates the market. Anthropic faces significant competition and must ramp up efforts to gain market share. This expansion is part of Anthropic’s global growth strategy.

Oracle’s stock dipped 3% following a report highlighting lower-than-expected gross margins (14%) in its Nvidia-powered cloud division compared to its overall margin (70%). Despite this, Oracle’s cloud business is experiencing rapid growth, projecting $144 billion in revenue by 2030, fueled by projects like “Stargate” with OpenAI. The report raises concerns about the financial viability of Oracle’s AI cloud strategy given Nvidia GPU costs and competitive pricing, needing careful cost management for long-term profitability.

Applied Materials (AMAT) introduced new chipmaking systems on Oct 7, 2025, designed to enhance AI chip performance. These include the Kinex™ bonding system for advanced logic and memory, the Xtera™ Epi system for Gate-All-Around transistors, and the PROVision™ 10 eBeam metrology system for improved yield in 3D chips. These innovations address critical areas like logic, DRAM, and advanced packaging, aiming to deliver performance and power-efficiency improvements needed to scale AI.

Samsung and SK Hynix shares surged following news of their partnership with OpenAI on the Stargate initiative. The collaboration aims to boost the supply of advanced memory chips crucial for next-generation AI, driving investor confidence. OpenAI emphasized the importance of these chips for powering its sophisticated AI models and is exploring AI data center development in South Korea. SK Hynix is mass-producing next-generation HBM chips, while Samsung is pursuing certification of its HBM4 chips by Nvidia, signaling a competition for leadership in the HBM market driven by AI demand.