Indian B2B ecommerce platform Udaan has secured $160 million in a funding round that combines fresh equity from a new investor, additional debt, and the conversion of existing convertible bonds into equity, according to Bloomberg. Lightspeed Venture…
Lees meerBritain wants to be an AI superpower. One of its flagship data centres cannot get the electricity to switch on. Nscale’s £2bn Essex site has the money, the planning permission, and a grid connection, but no power arriving in time. Nscale has the cas…
Lees meerThe pitch for medical AI is that it frees clinicians to care for patients. Two stories this week suggest the reality can run the other way. In New York, nurses say software replaced them. In Minnesota, a former Mayo Clinic leader says the software w…
Lees meerMeta is pushing advertisers to hand their campaigns to its AI. A Business Insider investigation found the tools spitting out gibberish copy, mangled limbs and products that no longer look like the products. Meta’s reply, in effect: that’s your probl…
Lees meerFrance’s Pasqal is heading to Nasdaq at a $2bn valuation, roughly 100 times its revenue. Its own filings spell out two things. Quantum computing might never pay off. And Paris can veto who owns the company. Pasqal, the French quantum-computing firm,…
Lees meerSix months ago, Flex raised $60m and called it a Series B. On Tuesday it said it had raised another $70m, and rather than move down the alphabet, it settled on a Series B1. The round was led by Halo, the investment firm set up last year by Qualtrics…
Lees meerMoneybox is Europe’s newest unicorn, worth £800m, or $1.1bn. But no fundraise set that price. Staff did, by selling shares on London’s untested new private market. Moneybox, the British savings and investing app, is now a unicorn. It has put a value…
Lees meerChina’s humanoid gold rush just minted another contender. LimX Dynamics has raised $200m at a $2.21bn valuation. And its founder says the race to list has become do-or-die. A Shenzhen humanoid startup has become the latest name in China’s robot boom…
Lees meerDeutsche Bank, UniCredit, Revolut, Stripe and Adyen made the list. The 12-month trial starts in the second half of 2027, and the money it moves will not be legal tender. The European Central Bank published the list on Tuesday: 36 payment service pro…
Lees meerKathy Hochul stopped the diggers on Tuesday. New York became the first US state to halt construction of large new data centres, imposing a one-year moratorium on anything drawing 50 megawatts or more, on the grounds that the buildings powering the A…
Lees meerOne of the most decorated minds in AI is striking out alone. Richard Sutton shared the 2024 Turing Award for founding modern reinforcement learning. On Monday he said he is leaving John Carmack’s startup Keen Technologies to start a new one, Oak Lab…
Lees meerTower Semiconductor said on Tuesday it will spend roughly $3bn expanding its 300mm operations in Japan, net of about $1bn in grants from the Japanese government, in a two-track build-out aimed squarely at the optical components that AI data centres …
Lees meerAsk most people what Huawei sells and you will get smartphones, or 5G, or a decade of geopolitical argument. Almost nobody says solar inverters. Yet Huawei Digital Power Technology, the division that makes them, along with battery storage systems an…
Lees meerOn Monday, OpenAI asked a federal judge in California to rule that xAI’s trade secrets lawsuit against it “should never have been filed,” and to make Elon Musk’s company cover more than $1m in legal expenses. The filing landed hours after xAI gave n…
Lees meerIntel is spending €5bn, or about $5.7bn, upgrading its campus at Leixlip outside Dublin, the company said on Monday. The money is not for a new fab. It is for getting more out of the ones already standing. The plan is to upgrade existing fabrication…
Lees meerAustralia’s online safety regulator has told the largest technology companies in the world that the tools to stop sexual extortion already exist, and that they are not using them. In a transparency report published on Tuesday, eSafety said companies…
Lees meer“Every year $5 trillion, or 800 trillion yen, you might think that’s a lie, but I am confident that’s what it will cost.” That was Masayoshi Son on Tuesday, at SoftBank’s annual corporate conference in Tokyo, telling the room what building artificia…
Lees meerCoupang has won the first round of its fight with South Korea’s competition regulator. The Seoul High Court on Tuesday suspended the Fair Trade Commission’s decision to name founder Bom Kim as the e-commerce group’s controlling figure, freezing the …
Lees meerThe meeting was a technology all-hands, held on Monday, and the phrase the company used afterwards was “a small number of roles”. The number an employee who attended gave to Reuters was up to 500. Thomson Reuters, the Canadian content and technology…
Lees meerNvidia has more than halved the number of customers in Asia cleared to buy its artificial intelligence chips, according to the Financial Times, which cited three people with knowledge of the matter. The company has built a new white list of approved…
Lees meerAn April email to bank technology chiefs, released under access-to-information rules, shows OSFI naming Anthropic’s frontier model as a reason the window for fixing flaws is closing. Regulators do not usually name products. They write about “emergin…
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