The complaint, filed on behalf of California residents, alleges Meta earns up to $7bn a year from “high-risk” scam ads and tolerated the practice. The county wants restitution, civil damages, and an injunction. Santa Clara County has sued Meta Platf…
Lees meerOpenAI has set up a new venture called OpenAI Deployment Company, with more than $4bn in initial funding from a syndicate of 19 firms led by TPG and including Advent International, Bain Capital and Brookfield as co-lead founding partners, the compan…
Lees meerThe geothermal developer increased its share count by 26% and its top-of-range price by about 8% in an SEC filing on Monday. The revision points to the demand for clean baseload power that AI data-centre buyers have been ready to pay for. Fervo Ener…
Lees meerAt about ten in the morning on Wednesday, in the courtyard of Daeungjeon Hall at Jogyesa, a 130-centimetre humanoid in brown robes pressed its palms together and bowed. A monk asked the figure whether it would devote itself to the holy Buddha. The r…
Lees meerNew AutoMotive’s data tracker, reported by Reuters on Sunday, marks the threshold and puts the question to industrial policy: how much of the headline number will end up producing cells at scale, given that roughly 600 GWh of announced European batt…
Lees meerBNP Paribas, Deutsche Bank and JPMorgan have the mandate. Maturities run from three years to 25 years. The trade follows Alphabet’s record Swiss issuance in February and Amazon’s $37bn dollar deal in March, and is the latest demonstration that hyper…
Lees meerNVIDIA’s CEO delivered the keynote at CMU’s 128th commencement on Sunday and received an honorary doctorate. The address framed AI as a reindustrialisation moment for the US, and pressed both engineers and policymakers to advance capability and safe…
Lees meerBek Ventures, Laton Ventures, and angel investor Mert Gür are back. Total funding for the two-year-old studio reaches $103m. The round arrives weeks after Scopely’s $1bn buyout of Loom Games and CVC’s $5bn deal for Dream Games. Grand Games Oyun ve Y…
Lees meerEurope is pouring billions into AI development and infrastructure. GPU (graphics processing units) access is expanding rapidly through cloud platforms and GPU-as-a-service (GPUaaS) providers, becoming a key enabler of AI development and deployment. …
Lees meerA speaker panel, food, and a room full of people who actually want to connect. The gathering takes place on 3 June at Flexas.com in the heart of the city. There is a particular kind of exhaustion that comes from attending the wrong networking event.…
Lees meerThe complaint says a backstage shot from the 2024 Austin City Limits Festival ended up on Crystal UHD packaging in retail and online channels worldwide, and that Samsung ignored her cease-and-desist requests. Dua Lipa filed a $15 million federal law…
Lees meerThe company has traced its model’s most uncomfortable behaviour to the corpus of science fiction it was trained on. The fix it describes is unsettling in a different way: teaching the model the reasons behind being good, not just the rules. In a fic…
Lees meerFY27 hardware guidance is for 16.5m Switch 2 units, down 17%. Memory and shipping costs add a ¥100bn drag. The US price moves to $499.99 in September; Japan goes to ¥59,980 from 25 May. Nintendo shares dropped roughly 7% in Tokyo trading on Monday a…
Lees meerThe company asked the Kenyan government for a guaranteed annual capacity offtake. The government did not commit at the level Microsoft requested. Talks have broken down for now; the project is not formally cancelled. A $1bn Microsoft data-centre pro…
Lees meerTarget output is one gigawatt-hour a year. Partners are South Korea’s Cosmos Lab and DeltaX. Production opens for the fiscal year starting next April, with zinc-halide chemistry following in 2027. SoftBank Group’s mobile-services subsidiary will beg…
Lees meerThe next wave of wearables may rely less on adding new devices and more on embedding connectivity into products people already use every day. LaceLocker® believes the next generation of wearables will emerge through integrated hardware platforms t…
Lees meerThe Qwen app gets access to Taobao and Tmall’s catalogue of more than 4 billion items, plus Alipay-native checkout, in what is the largest agentic-commerce launch yet from a Chinese platform. Alibaba is integrating its Qwen AI app with Taobao and Tm…
Lees meer$30bn went to OpenAI; the rest is spread across CoreWeave, IREN, Corning, Nebius, and roughly two dozen private rounds. The pattern is closer to vertical integration than to venture investing, and is starting to draw the inevitable circular-deal que…
Lees meerTrump Media & Technology Group reported a $405.9 million net loss for the first quarter of 2026, the company said on Friday, almost all of it driven by unrealised losses on the cryptocurrency holdings it has spent the past nine months building. Oper…
Lees meerA manual penetration test costs between 10,000 and 50,000 dollars. It takes weeks to schedule, days to execute, and produces a report that is out of date before the ink dries. Intruder, a London-based cybersecurity company that graduated from GCHQ…
Lees meerQuantinuum filed for a US initial public offering on Thursday that could value the company at more than 20 billion dollars. In the year ended 31 December 2025, Quantinuum reported revenue of 30.9 million dollars and a net loss of 192.6 million dol…
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