Autodesk IncADSK
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Autodesk secures $2B credit facility and $1B term loan to fund its $3.6B acquisition of MaintainX, expanding its customer reach and data access.
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Cloud & Digital Infrastructure▲ · 1 stocks
Autodesk IncTheme Impact 2
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Bentley Systems Declares US$0.07 Dividend and Opens Philadelphia Tech Hub
Bentley Systems, Incorporated declared a US$0.07 per share cash dividend for the third quarter of 2026, payable on September 29 to stockholders of record as of September 22. The company also opened a new technology hub in Philadelphia's historic Curtis Center, deepening its integration of Cesium's 3D geospatial engine with the iTwin Platform and positioning the city as a center for 3D digital twins and open-source geospatial innovation. The hub builds on Bentley's Cesium acquisition and anchors Cesium's 3D geospatial capabilities inside the iTwin Platform, supporting the company's push for more digital twin and asset analytics work. Bentley Systems' narrative projects $2.1 billion revenue and $508.3 million earnings by 2029, requiring 11.3% yearly revenue growth and about a $226 million earnings increase from $281.9 million. The most pessimistic analysts instead expect only about US$2.2 billion revenue and US$489.4 million earnings by 2029, citing risks from open standards and lower cost rivals.
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Japan Automobile Manufacturers Association Announces Plan to Bring Autonomous Driving Systems into Society by 2028
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MemryX and Lenovo Sign MOU to Expand Sovereign Edge AI in Saudi Arabia
MemryX has signed a memorandum of understanding with Lenovo to expand the deployment of sovereign edge AI solutions across Saudi Arabia. The agreement builds on joint platform deployments already operating in the Kingdom and establishes a framework for the two companies to pursue additional opportunities across infrastructure, industrial operations, smart cities and video management, supporting Saudi Arabia's Vision 2030. The joint platform combines the Lenovo ThinkEdge SE455 V3 rugged edge server with the MemryX Cascade 100P AI accelerator to process video and sensor data on site, reducing latency and limiting reliance on centralized, power- and cooling-intensive AI infrastructure. The platform is already operating in large-scale infrastructure programs in Saudi Arabia, with one deployment delivering real-time construction safety analytics including personal protective equipment compliance and site safety event detection, and a second running compliance and site-monitoring workloads in a port environment across the operator's existing camera infrastructure. Under the MOU, Lenovo and MemryX will expand customer deployments in Saudi Arabia, validate the platform through a Lenovo Center of Excellence, develop additional solutions through Lenovo AI Innovation, and explore rack-scale server configurations for computer vision inference, supporting potential regional and global go-to-market opportunities.