Transcript
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Outsystems is an outstanding way to quickly deploy apps and AI agents and deliver results. A top US bank deployed apps for customers to open new accounts, while a global brewer developed an app to automate tasks worldwide. Outsystems build your agentic future
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here's your afternoon TNB Tech minute for Wednesday, March 4th. I'm Danny Lewis for the Wall Street Journal. We exclusively report that OpenAI's former chief research officer is fundraising for a new startup building an artificial intelligence and software plat to help automate factories, People familiar with the matter say. Arda, the new company, co founded by Bob McGrew, is raising $70 million at a 700 million valuation. Founders Fund and Excel are co leading the round, which hasn't yet closed. The company's name refers to the fictional world in the Lord of the Rings and is a nod to its goal of connecting AI to the physical world while making manufacturing more cost effective. Federal regulators have given the green light for a Bill Gates backed nuclear power project in Wyoming to begin construction. The Nuclear Regulatory Commission says it has authorized the construction permit for TerraPower's Kemmerer Power Station Unit 1. The regulator says it's the first new commercial reactor construction approved in nearly a decade and the first non light water design approved in more than 40 years. But TerraPower will require a separate operating license and shares in semiconductor tool supplier ASM International rose after it posted a better than expected finish to the year and set Strong guidance for 2026. The Dutch company reported a fourth quarter net profit of just under $193 million, down from the prior year's period, but beating analyst expectations. ASM said its performance was strengthened by demand in the Logic and Foundry segment and a rebound in orders from Chinese customers. And that's it for your T and B tech minutes. We'll have another quick tech update in the morning.
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So many organizations choose Outsystems because it's an outstanding way to quickly deploy apps and AI agents and deliver results. A top US bank deployed apps for their customers to easily open new accounts on any device. We helped a leading global insurer quickly deliver a portal and app for their employees, while a global brewer developed an app to automate tasks to clear bottlenecks. Outsystems build your agentic future. To learn more, visit outsystems.com WSJ.