Paramount Skydance is still aiming to close its roughly $110 billion acquisition of Warner Bros Discovery by the end of September despite a lawsuit filed by 12 state attorneys general seeking to block the deal on antitrust grounds. Jeffrey Kessler, …
Lees meerThe European Commission has exempted wearable technology from rules requiring batteries that users can remove and replace. The change clears the biggest obstacle to Meta’s latest smart glasses reaching the EU, Politico reports. The delegated act, ad…
Lees meerTwenty-six current and former Meta employees have filed a federal lawsuit accusing the company of using AI-powered systems that disproportionately targeted workers with disabilities or who had taken medical leave when selecting people for mass layof…
Lees meerIBM issued preliminary second-quarter results on Monday showing revenue of roughly $17 billion, up one percent year over year but well below the $18 billion that analysts had expected. Shares fell as much as 17 percent in premarket trading, erasing …
Lees meerDevelopers often assume that packages published through official channels have passed through a secure release process. That assumption is fundamental to modern software development, where open source components are routinely integrated into applica…
Lees meerJPMorgan Chase has cut jobs by as much as 40 percent in some parts of the bank using artificial intelligence, CEO Jamie Dimon told analysts during the company’s second-quarter earnings call on Tuesday. But investors hoping the technology will dramat…
Lees meerIndian 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…
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