Guidewire said Oct. 27 it signed a definitive agreement to buy London-based hyperexponential, an AI underwriting and pricing software provider for commercial insurers, for $1.7 billion in cash plus up to $400 million tied to recurring-revenue targets. Guidewire plans to fund the deal with $1 billion in new term loans from Bank of America and Citibank plus cash on hand. It expects the deal to close in its fiscal second quarter of 2027 and to have no impact on its first-quarter guidance.
Guidewire will expand its insurance software with AI underwriting tools.
The combined offering will let AI agents assist underwriters in assessing risk, setting prices and making decisions.
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SAP and NTT said Oct. 28 they intend to cooperate on SAP Sovereign Cloud and SAP Business AI. As a first step, they plan to combine SAP Sovereign Cloud On-Site with NTT-managed infrastructure and operations for customers in unnamed "key markets." The companies did not announce financial terms, named markets or a timeline.
SK hynix reported record third-quarter operating profit of 83.33 trillion won, more than seven times the year-earlier level, on AI memory demand. The company said its roughly 100 trillion won 2026 shareholder-return total includes a 40 trillion won buyback announced in August, and approved a 14 trillion won dividend and a 20 trillion won buyback.
Sources indicate DoorDash is pursuing Maplebear Inc. in advanced talks valued near $17 billion, with a possible announcement this week, though talks remain non-binding.
Epic Games has announced the AI MegaJam, a November 12-15 event where creators will build games in four days using AI tools with Unreal Engine and UEFN. The jam offers cash prizes plus development continuation grants of up to $50,000 for standout projects.
Amazon's Bee unit launched the $74.99 Bee Frontier AI wristband, available now in the US, and announced the Bee Eclipse phone attachment, starting at $99.99 and coming soon.
