Cloud monitoring firm Datadog raised its annual revenue and profit forecasts on Thursday, driven by increasing demand for its AI-backed cybersecurity products. The New York-based company now expects full-year revenue of about $2.66 billion, up from its previous projection of $2.62 to $2.63 billion, with analysts having anticipated $2.63 billion. Datadog also raised its adjusted profit forecast to between $1.75 and $1.77 per share, surpassing earlier estimates of $1.62 to $1.66.
The company’s performance has been bolstered by the growing adoption of AI applications by its customers, who are increasingly deploying these tools in live production environments. As AI apps run in the cloud, Datadog stands to benefit from the ongoing migration to cloud services, which drives demand for its monitoring software. For the quarter ending September 30, Datadog reported revenue of $690 million, beating the expected $664.3 million, and posted an adjusted profit of 46 cents per share, exceeding analysts’ predictions of 40 cents.
Despite the strong results and optimistic growth outlook, Datadog’s stock saw some volatility, rising 4.1% before later paring its gains as investors reacted to high expectations for the company’s performance.
French AI startup LightOn launched an initial public offering (IPO) on the Euronext Growth market in Paris, with its debut trading expected later this month. The company, known for its large language model (LLM) software used by businesses and the French government, will be Europe’s first publicly listed generative AI startup, a significant milestone as France aims to position itself as a leader in AI within Europe.
LightOn’s co-CEOs Igor Carron and Laurent Daudet emphasised that the IPO provides a ‘unique opportunity’ for investors to support a growing French tech company with a track record of success both in France and internationally. Shares are priced at 10.35 euros, valuing the company at around 50 million euros, and LightOn aims to raise roughly 10.4 million euros through the capital increase. The subscription period will run until November 20, with shares expected to trade beginning 26 November.
This move aligns with France’s broader push to close the innovation gap with the US and the UK, with ambitions for 100 tech ‘unicorns’ by 2030. LightOn’s listing could signal an opening for more European AI firms to seek public funding, offering investors access to an evolving tech market in the region.
Amazon is reportedly in advanced talks for a second multi-billion dollar investment in the AI startup Anthropic, building on its previous $4 billion commitment made in 2023. This new investment would not only bolster Amazon’s growing ties with Anthropic but also help enhance its strategic position in the highly competitive AI sector. Anthropic, which is using Amazon Web Services (AWS) to power its AI model training, has become a key player in the AI race.
In addition to providing financial backing, Amazon has reportedly asked Anthropic to utilise its servers, which are powered by Amazon’s custom-designed chips. However, sources note that Anthropic has a preference for using Nvidia-designed chips, which are widely recognised as the industry standard for AI processing. This dynamic highlights the ongoing competition between Amazon and Nvidia in the AI hardware space, as both tech giants vie for dominance in the rapidly expanding market.
Anthropic, founded by former OpenAI executives Dario and Daniela Amodei, has attracted significant interest from other major players in the tech industry. The startup secured a $500 million investment from Google’s parent company, Alphabet, last year, with Alphabet pledging an additional $1.5 billion over time. Despite these investments, both Amazon and Anthropic have declined to comment on the specifics of the latest talks regarding the new investment, underscoring the confidential nature of these high-stakes negotiations.
A woman from Littlehampton, West Sussex, is ‘deeply grateful’ to AI for detecting her breast cancer, which had previously gone unnoticed despite a routine mammogram showing no signs of the disease. Sheila Tooth, 68, had her mammogram at University Hospitals Sussex NHS Foundation Trust, where AI is being used to enhance breast cancer screenings and identify cancers that human reviewers might miss.
Sheila’s cancerous cells were nearly undetectable by traditional methods, and she believes AI’s detection helped catch it at an early, treatable stage. ‘I just feel so lucky,’ she said, reflecting on how AI detected the cancer that could have become invasive if left unnoticed. The technology is part of a larger project involving 15 trusts across the UK, which reviewed over 12,000 mammograms to identify missed cases. AI flagged nearly 10% of these as potentially needing a second look, leading to further investigations for some women and five confirmed breast cancer diagnoses.
Dr Olga Strukowska, a consultant radiologist, called AI screening ‘exciting’ because it enhances the accuracy of breast cancer detection, reduces missed diagnoses, and lowers false positives. AI’s role in early and precise cancer detection could greatly improve outcomes for patients, according to Dr Strukowska. With about 650 women diagnosed with breast cancer annually in Sussex, the trust now plans to participate in a national trial to further integrate AI into routine breast screenings.
GEA Digital and EIT Digital Champions are collaborating to boost AI-driven innovation in the European defence sector through the prestigious EIT Digital Champions competition. As the sponsor of this 12th edition, GEA Digital is focused on advancing AI solutions for defence applications, particularly in areas like electronic warfare, real-time threat detection, autonomous drone identification, edge computing, and communication disruption.
The partnership offers European scaleups a unique platform to showcase their cutting-edge technologies, addressing the growing need for scalable and efficient defence capabilities. Through this competition, GEA Digital also aims to bridge the gap between startups and defence organisations, encouraging the defence sector to adopt a more open approach to innovation.
In January 2025, the finalists will pitch their solutions to an international panel of investors, with winners receiving tailored support from EIT Digital’s Growth Services program, exclusive access to Italian defence clients, and mentoring from GEA Digital’s experts. GEA Digital’s sponsorship reflects its commitment to modernising Italy’s defence industry at a crucial time.
With rising demands for advanced technology and a shrinking workforce, GEA Digital aims to promote collaboration between the defence sector and high-tech industries. This partnership supports Italy’s defence organisations in adopting innovative technologies, helping them stay competitive in a rapidly evolving global landscape.
OpenAI has acquired Chat.com, adding another high-profile domain to its portfolio. Starting today, the website redirects directly to ChatGPT, the company’s popular AI chatbot, marking a significant move in expanding OpenAI’s online footprint. Though OpenAI has yet to reveal the acquisition price, reports indicate the domain previously sold for $15.5M when bought by HubSpot co-founder Dharmesh Shah, making it one of the largest known domain sales.
Last year, Shah sold Chat.com to an undisclosed buyer, which he recently confirmed on social media to be OpenAI. The sale may have included OpenAI shares as part of the deal, but no further details have been shared. While Chat.com now directs users to ChatGPT, it does not represent a rebranding. The domain acquisition aligns with OpenAI’s ongoing strategy of increasing accessibility to its AI offerings by securing memorable, high-value digital properties.
Researchers at the University of Manchester and The Christie Cancer Hospital have received a £5.9 million grant from Cancer Research UK to use AI in cancer treatment. The funding will support a project that simulates clinical trials to test the effectiveness of radiotherapy on ‘virtual’ patients, created using real-life data. This innovative approach aims to make cancer research faster, safer, and more cost-effective than traditional large-scale clinical trials.
The virtual trials will focus on patient-specific genetics and tumours, with a particular emphasis on comparing new proton beam therapy with conventional radiotherapy for lung cancer. AI will allow researchers to test treatments more quickly than through traditional trials involving real patients. This initiative is part of Cancer Research UK’s push to advance radiotherapy research, with Manchester being one of only seven centres of excellence in the UK to receive funding for this work.
Martin Storey, a lung cancer survivor who benefited from radiotherapy in a clinical trial, expressed his support for the project, saying that AI-driven trials could help more people survive cancer. Storey, who was diagnosed with lung cancer in 2009, believes that the use of AI could accelerate treatment advancements and improve outcomes for future patients.
Microsoft is introducing AI-powered text editing to Notepad, allowing users to rewrite text with ease. The new feature, called Rewrite, is now available in preview for Windows Insiders. It lets you modify text by rephrasing sentences, adjusting the tone, and changing the length of content. To use it, simply highlight the text you want to adjust, right-click, and select the ‘Rewrite’ option. You can choose from three different reworded versions to replace the original text.
The Rewrite feature requires a Microsoft account for authentication and is available in select countries including the US, UK, and Germany. This feature is part of a broader update to Microsoft’s productivity tools, including improvements to Notepad, such as spell check and autocorrect, rolled out in July.
In addition to updates in Notepad, Microsoft is also testing AI-powered tools in Paint. The Generative Fill feature lets users add new content to images based on a text prompt, while the Generative Erase tool removes parts of an image and blends in the surrounding space. These tools are available to Windows Insiders, with some features rolling out on specific devices.
Researchers in the UK are exploring how AI could lead to new treatments for children with brain tumours. With around 420 children diagnosed annually, the team at the Cancer Research UK Children’s Brain Tumour Centre of Excellence in Cambridge is focused on improving survival rates, especially for those with the most aggressive forms of the disease, who currently have a low likelihood of survival beyond a year.
Dr Elizabeth Cooper, one of the researchers, noted that children’s brain tumours differ from adult tumours due to the ongoing development of the brain in children, which may explain why treatments like immunotherapy, effective in other cancers, have limited success with brain tumours. Dr Cooper highlighted that the brain has its own unique immune system, but scientists have yet to fully understand how to harness it for treatment.
Led by co-director Prof. Richard Gilbertson, the team is also working to develop new drugs that are less harmful to young patients. With a substantial grant, the centre plans to use AI to build digital models of complex brain tumours. These models will allow the team to conduct virtual trials, aiming to identify more effective and less toxic treatment options than traditional methods like radiotherapy, which can cause severe side effects in children.
Singapore’s Keppel has announced an agreement to acquire an AI-ready data centre being developed by Japan’s Mitsui Fudosan in Tokyo. The deal comes shortly after Keppel revealed plans to significantly increase its data centre funds under management, aiming to take advantage of the growing AI sector.
Mitsui Fudosan will handle the core and shell development of the facility, while Keppel’s private fund will oversee the fit-out works. The data centre is expected to be completed by 2027, with Keppel taking on the role of facility manager, which will contribute to its recurring income stream.
Keppel emphasised its ongoing partnership with Mitsui Fudosan to develop a strong pipeline of assets for its upcoming Keppel Data Centre Fund III. Financial details of the transaction have not been disclosed due to confidentiality agreements.
