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KDDI and DriveNets Signed A Strategic Partnership to Accelerate Open Network Architecture

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DriveNets software will be deployed in KDDI’s commercial backbone network in 2025 to support the growing data demands of the AI era

TOKYO, May 12, 2025 /PRNewswire/ — KDDI Corporation (Headquarters: Chiyoda-ku, Tokyo; President & CEO: Hiromichi Matsuda, hereinafter “KDDI”) and DriveNets Ltd. (Headquarters: Ra’anana, Israel; CEO: Ido Susan, hereinafter “DriveNets”) signed a basic agreement for a strategic partnership aimed at accelerating the adoption of open network architecture (i.e., the separation of hardware and software). This agreement aims to expand the deployment of disaggregated routers, improve the management efficiency of these routers, and optimize the capital investment and operating costs of high-scale network deployments.

Based on the agreement, KDDI will start the deployment of DriveNets Network Cloud solution in backbone core routers at four key locations with the goal of reaching commercial operations by the end of 2025.

Looking ahead, both companies will work together to build a flexible network architecture that can quickly adapt to changing market conditions and technological advancements, in order to meet the growing data demands of the AI era.

Background

With the rapid spread and adoption of AI technologies in recent years, the demand for network infrastructure has been rising sharply. Going forward, even greater traffic volumes and increasingly diverse needs are anticipated. Open network architecture is becoming increasingly important in building networks that can respond swiftly to such changes. This approach facilitates new features based on specific requirements and helps improve network scalability.Since 2020, KDDI has been pushing forward the development of Cluster-Based Distributed Disaggregated Backbone Routers (DDBR), which are not bound by physical chassis constraints and allow for flexible capacity expansion, through the Telecom Infra Project*1, as part of its ongoing efforts to promote disaggregated routers. In June 2023, KDDI completed the commercial deployment of DDBR standalone as peering routers at its internet gateway*2, and by February 2025, it had completed technical validation for DDBR cluster as core routers in its backbone network*3.DriveNets provides software-based network solutions optimized for disaggregated routers that many leading global carriers have adopted. The peering routers that KDDI deployed commercially in June 2023 are also based on DriveNets’ software. Building on the software’s proven contribution to network operational stability, the two companies have now entered this strategic partnership.

Company Comments

Kazuyuki Yoshimura, Senior Managing Executive Officer, CTO, General Manager of Core Technology Sector, KDDI Corporation

We are delighted to have signed the basic agreement for the strategic partnership with DriveNets. Since 2020, we at KDDI have been committed to achieving open and scalable networks, and we believe our collaboration with DriveNets will create significant new innovations. Our vision for the future is to build a flexible and robust architecture suited to the AI era, allowing us to swiftly respond to the evolving market needs and set new industry standards.

Ido Susan, CEO, DriveNets Ltd.

We are honored to become a strategic partner of KDDI, one of the world’s leading telecommunications carriers. Together with KDDI, we will promote openness, disaggregation, and innovation across the entire network – from the core network to the edge and aggregation layers. By streamlining network operations and introducing automation and generative AI tools, we aim to help KDDI enhance the efficiency of its network and build a resilient architecture that can flexibly meet future demands.

Reference

About KDDI

KDDI offers a wide range of services in Japan and internationally. For individual customers, it operates a multi-brand strategy centered on 5G under the “au,” “UQ mobile,” and “povo” brands. For corporate customers, it provides services under the “KDDI BUSINESS” brand.

In May 2022, the company established its long-term vision, KDDI VISION 2030: “The creation of a society in which anyone can make their dreams a reality, by enhancing the power to connect.” Based on this vision, KDDI is promoting its medium-term management strategy for FY23.3-FY26.3, known as the new Satellite Growth Strategy. This strategy focuses on 5G, data-driven innovation, and generative AI as core businesses. It includes two business domains: “Orbit 1,” which drives growth in areas such as digital transformation (DX), finance, and energy; and “Orbit 2,” which explores new growth in areas like mobility, space, healthcare, Web3 and the metaverse, as well as sports and entertainment.

Through sustainability-focused management and strengthening the foundation that supports the new Satellite Growth Strategy, KDDI aims to achieve sustainable societal growth and enhanced corporate value in collaboration with its partners.

About DriveNets

DriveNets is a leader in high-scale networking solutions for service providers and AI infrastructures. The company created a radical new way to build networks that substantially improves the network’s economic model and optimizes network utilization and efficiency.

DriveNets Network Cloud is a software-based solution that runs on standard white boxes and adapts the architectural model of cloud to high-scale networking, substantially increasing scale and lowering network costs. The solution is used by leading service providers globally.

DriveNets’ Network Cloud-AI, which was introduced to the market in 2023, is based on the same technology, providing the highest-performance Ethernet-based AI networking solution and the best Ethernet alternative to InfiniBand in the market. The solution is used by Hyperscalers, NeoClouds, and Enterprises worldwide. Learn more at https://www.drivenets.com.

*1: A non-profit organization established in February 2016 with the goal of reducing the cost of building communication networks through the development of open technologies and accelerating innovation in the telecom sector. Hundreds of companies and organizations around the world participate in the initiative.

*2: Published on June 8, 2023
Commercial Deployment of “Open Routers” That Support Multi-Vendor Configurations Begins (Japanese Language only) 

*3: News release dated February 19, 2025
Technical Validation Completed for Cluster-Based Routers Designed for Flexible Capacity Expansion in Backbone Networks

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CHAI AI, Backed by CoreWeave and AMD, Hits $80M ARR with talks of $2.4B Valuation

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PALO ALTO, Calif., April 30, 2026 /PRNewswire/ — Following a pivotal 2025 investment from CoreWeave and AMD, CHAI AI has maintained an unstoppable growth trajectory, surpassing $80 million ARR at the close of Q1 2026, propelling the company to an estimated $2.4 billion valuation.

“Millions of people use our social AI platform every day, and our continued growth is a direct reflection of our incredible talent,” said William Beauchamp, founder of CHAI AI. “I moved the company from the UK to Palo Alto in 2022 because it is where I can find talented engineers. Our growth is driven by fast iteration cycles and the hard work of the engineers.”

What is the mission of CHAI AI? People want to create their own AI and share it with others, and they want to discover and interact with AI built by people they follow. Just as social media platforms emerged when video creation and consumption became ubiquitous, social AI platforms are now emerging to meet an equivalent wave of consumer demand for generative AI creation, sharing, and interaction.

What is the growth rate and traction? In the last three consecutive years, CHAI AI has sustained a 3x growth rate with ARR crossing $80 million by the end of Q1 2026 and a projection to surpass $200 million.

What is the valuation of CHAI AI? CHAI AI is estimated to have a valuation of $2.4 billion as of Q1 2026, based on $80 million in ARR and its sustained growth rate.

Who are the major investors in CHAI AI? AMD and CoreWeave are the primary, strategic investors in CHAI AI, bringing its total investment to date to over $55 million.

What is the culture like at CHAI AI? Our fast-growing company is supported by a talented engineering team that thrives on fast iteration cycles and takes on the most challenging problems in the field. CHAI AI operates with a high-bar, high-reward culture where engineers own entire product segments end-to-end, from prototyping to production.

What is the compensation? CHAI AI competes with top-paying companies such as Jane Street, OpenAI, Meta, and Citadel. We pay 100% cash salaries and are known for generous compensation offers, with the option to trade a portion of cash for stock options. The founding team’s background is in quantitative trading, and they have maintained a compensation philosophy consistent with that culture.

How do promotions and performance reviews work? Performance is reviewed on a daily basis, and engineers are expected to work hard and drive impact. At the beginning of each year, there is a performance-based salary increase.

What is the management structure? The structure is flat, with a team of 15 to 20 engineers.

What are the typical working hours? Engineers at CHAI AI typically work from 9 AM to 5 PM during weekdays, as well as Saturday morning.

Is there vacation or PTO? CHAI AI does not have a set number of vacation days on the calendar, but we respect that employees need time to recharge. In practice, most engineers take around 20 days off per year.

Is the role fully in-person in Palo Alto, hybrid, or remote-friendly? All CHAI employees are expected to work in person in Palo Alto. As a startup that moves fast, we want to ensure the team stays in sync.

What’s the onboarding experience like for new engineers? New hires follow a structured 3-month onboarding plan. Each new hire is paired with an experienced hire and ramped up quickly. You will be assigned high-impact tasks from day one, with clear evaluation metrics and direct mentorship from peers.

Press Contact:
CHAI AI Press
+1 (626) 594-8966

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SOURCE Chai AI

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Greenberg Traurig Shareholder Lisa M. Lanham to Speak at MBA Legal Issues & Regulatory Compliance Conference

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MIAMI, April 30, 2026 /PRNewswire/ — Lisa M. Lanham, a shareholder in global law firm Greenberg Traurig, P.A.‘s Financial Regulatory & Compliance Practice, will speak at the Mortgage Bankers Association’s (MBA) Legal Issues & Regulatory Compliance Conference, taking place May 4-7 at the InterContinental Hotel in Miami.

Lanham will participate in the session titled “Emerging Issues Track: The Risk Behind the Race — Employee Mobility, Data, and Licensing,” scheduled for 3:30-4:45 p.m. Monday, May 4. The panel will examine how competitive hiring practices, proprietary data use, and evolving multistate licensing frameworks are creating heightened legal and regulatory risks for independent banks. Panelists will discuss recent litigation trends, data protection considerations, and operational practices that can expose institutions to increased scrutiny.

Based in the firm’s Miami office, Lanham’s practice focuses on consumer financial services regulatory compliance and licensing. She regularly advises mortgage lenders, servicers, fintech companies, and financial institutions on navigating complex federal and state regulatory regimes, workforce mobility issues, and compliance risk management.

The MBA Legal Issues & Regulatory Compliance Conference is a leading industry forum bringing together legal, compliance, and business professionals to address emerging regulatory challenges facing the mortgage banking industry.

About Greenberg Traurig: Greenberg Traurig, LLP has approximately 3,100 lawyers across 51 locations in the United States, Europe, the Middle East, Latin America, and Asia. The firm’s broad geographic and practice range enables the delivery of innovative and strategic legal services across borders and industries. Recognized as a 2025 BTI “Best of the Best Recommended Law Firm” by general counsel for trust and relationship management, Greenberg Traurig is consistently ranked among the top firms on the Am Law Global 100, NLJ 500, and Law360 400. Greenberg Traurig is also known for its philanthropic giving, culture, innovation, and pro bono work. Web: www.gtlaw.com.

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SOURCE Greenberg Traurig, LLP

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Teenage Mutant Ninja Turtles: Empire City Out Now on Meta Quest, Pico, and Steam VR

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Award-winning Cortopia Studios launches the first-ever Turtles VR game

STOCKHOLM, April 30, 2026 /PRNewswire/ — The Teenage Mutant Ninja Turtles have been everywhere from New York City to Dimension X, but with the launch of Teenage Mutant Ninja Turtles: Empire City, Beyond Frames Entertainment and Cortopia Studios take the iconic heroes into an all-new reality for the very first time: virtual reality.

Watch the full release trailer here: https://youtu.be/TK2PFmvvVf0

Available now on Meta Quest, Steam VR, and Pico for $24.99, Teenage Mutant Ninja Turtles: Empire City is a story-based action adventure game that can be enjoyed single-player, or with friends in optional co-operative multiplayer, allowing players to join together and push against the forces of The Foot.

Teenage Mutant Ninja Turtles: Empire City takes players to a New York City where the Shredder has been defeated and, in the void left behind, warring factions are vying for total control – from Karai, the leader of the Japanese branch of The Foot Clan, to Mashima, a mystic determined to resurrect the ruthless chaos and power that he believes their fallen leader stood for. 

Players will explore the neighborhoods you’ve sworn to protect, square off against classic foes, and chow down on pizza – just like a real Turtle. In Teenage Mutant Ninja Turtles: Empire City, players are in full control of their play style and experience, engaging however they feel their favorite Turtle would – from stealthy attacks to outright berserker action. 

In addition to the base game, Teenage Mutant Ninja Turtles: Empire City is available with a Digital Deluxe Edition upgrade for $4.99, featuring four alternate skins for each Turtle (Mirage, Nostalgia, Owari Masks and Red Masks), alongside an in-game digital art book and an in-game browsable soundtrack.

To learn more, follow Teenage Mutant Ninja Turtles: Empire City on Discord, X, TikTok, Instagram and Facebook.

PRESS KIT

Press kit for Teenage Mutant Ninja Turtles: Empire City can be found here: https://bit.ly/3GMgdqP

CONTACT:

Press Contact: Jim Squires, press@beyondframes.com
Beyond Frames Publishing: Maeva Sponbergs, Head of Publishing, hello@beyondframes.com, +46 8 50235808

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/beyond-frames/r/teenage-mutant-ninja-turtles–empire-city-out-now-on-meta-quest–pico–and-steam-vr,c4342105

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SOURCE Beyond Frames

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