A development bank just built a €1.4bn insurer in two years
A development bank has just minted a unicorn, and it took two years. Ominimo, a Budapest-based motor insurance startup…
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Waymo keeps parking in tow-away zones in Austin. It has been fined 64 times.
Waymo’s robotaxis have accumulated 83 parking citations and $9,325 in fines in Austin since the fleet arrived in 2024,…
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CXMT’s founder is giving 40% of his new fortune to his workers
Zhu Yiming got about $10bn richer on Monday. He has promised to give roughly $5.6bn of it away, and not to charity. The…
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Volkswagen wants tariff protection after Chinese brands grab 28% of Europe’s PHEV market
Volkswagen CEO Oliver Blume is demanding the European Union impose higher tariffs on Chinese plug-in hybrids after the…
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Nuclear Turbines raises £15M for compact reactors it says could undercut fossil fuels
Nuclear power usually arrives with a very large price tag and a very long wait. Nuclear Turbines, a Manchester startup…
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Starship came home in one piece, and SpaceX finally got to look at an undamaged heatshield
The headline number from Starship’s 13th flight is not 20 satellites. It is one word in SpaceX’s own flight report:…
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Google has promised to pay $44bn of rent on buildings it will never own
Start with the number, because the number moved fast. Google has agreed to cover as much as $44bn of lease payments on…
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Insight Partners And Glilot Capital Co-Lead $20M Investment In Way Security To Reinvent IAM Operations
Identity and access management has become a foundational component of enterprise cybersecurity, but the systems…
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Nadella won’t call it a bubble. He’ll only say how it ends badly.
Fareed Zakaria opened with the question everyone is circling. Are we in an AI bubble, and has it begun to deflate?…
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Sam Altman renews his ‘democratic AI’ pitch as Anthropic holds a harder line
Sam Altman has a preferred way of framing the contest over artificial intelligence, and it is a stark one. Either the…
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A million words costs $50 from Anthropic and 87 cents from DeepSeek. Corporate America noticed.
Roughly 750,000 words of AI output costs $50 if you buy it from Anthropic’s Fable. The same volume from DeepSeek’s…
Read at source →CXMT soared 466% on day one to become China’s most valuable onshore company
China has a new most valuable listed company, and it makes the chips inside your phone. CXMT, formerly ChangXin Memory…
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AI-generated ‘doctors’ peddling fake cures on TikTok are a ‘huge danger’, experts warn
The advice arrives in the confident cadence of a physician. Microwaving food in plastic gives you cancer, a spoonful of…
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Shein reveals slowing profits and a quarterly loss ahead of Hong Kong IPO
Shein has finally shown investors the numbers. In a draft prospectus filed on July 26, the fast-fashion retailer…
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Multiverse Computing targets a $570m Series C at a $1.7bn valuation to cut AI costs
Spanish deeptech company that shrinks large language models wants investors to bet that efficiency, rather than sheer…
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The European operator Eutelsat set to receive $504M under US C-band spectrum plan
Eutelsat is to receive $504 million, about €443 million, for giving up a slice of American airwaves. It is the…
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Facebook and Instagram ran nudify-app ads from a single Chinese firm, watchdog says
Awatchdog group says Meta ran thousands of advertisements for apps that digitally undress women, and that the network…
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The Exploration Company in talks to raise $300M at a $2B valuation
Europe’s ambition to stop hitching rides on someone else’s spacecraft now has a rough price tag. The Exploration…
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Nvidia in talks to backstop $250bn of OpenAI’s data-centre financing
Nvidia is reportedly in talks to guarantee about $250bn of financing for OpenAI, a backstop that would let the ChatGPT…
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What OpenAI will show the White House this week
OpenAI CEO Sam Altman heads to Washington this week to brief the Trump administration on the company’s most powerful AI…
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Anthropic’s Claude Cowork could escape its local VM and read credentials on a Mac
Security researchers at Accomplish AI demonstrated that Anthropic’s Claude Cowork could break out of its local virtual…
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Jeff Bezos says stress is a signal to work harder, not a reason to stop
Jeff Bezos, the founder of the company that just became the number one Fortune 500 business, says the cure for anxiety…
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Apple targets WWDC 2027 for smart glasses but is still deciding on the camera question
Apple is currently aiming to unveil its first smart glasses at next June’s Worldwide Developers Conference, with a…
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Most accelerators make atartups worse. What do the good ones do?
Every accelerator makes a version of the same offer: capital, mentorship, a network, three months of support, and…
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Why businesses are bracing for more economic volatility in 2026
The first half of 2026 has been marked by waves of economic uncertainty. From fuel prices to inflation to market dives,…
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Roku raises streaming device prices by up to 60 percent as the memory shortage reaches the living room
Roku has raised prices on its entire US streaming hardware lineup, with increases ranging from $10 to $50 per device,…
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Google confirms higher Pixel 11 prices as RAM costs surge sixfold, and says it is reworking Android to use less memory
Google has confirmed that its upcoming Pixel 11 phones will cost more than their predecessors, becoming the latest…
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AI chatbots are quietly becoming the uninvited third person in people’s relationships
A Pew Research Center survey published last month found that one in five Americans aged 18 to 29 have used AI chatbots…
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DeepSeek pauses its second fundraising round after founder’s leaked investor comments go viral
DeepSeek has suspended its second fundraising round after comments made by founder Liang Wenfeng during private…
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EV owners are more satisfied with their cars than gas car drivers in nearly every category, JD Power finds
Electric vehicle owners are happier with their cars than drivers of combustion vehicles in nearly every category…
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Canon registered three new cameras. One may be a digital tribute to the legendary AE-1.
Canon has registered three new cameras with wireless certification agencies, a step that typically signals imminent…
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People are quietly recording every conversation they have with AI, and the person across the table has no idea
A growing number of professionals have started using AI tools to record every conversation they have, and the people…
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New data shows EV batteries are lasting far longer than buyers think, yet US sales keep falling
Modern electric vehicles retain an average of 97 percent of their original range after three years and 95 percent after…
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Nvidia is pouring $1 billion into South Korea’s AI infrastructure through Naver and SK Group
Nvidia will invest $1 billion in South Korean internet company Naver to help finance an AI data center under…
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China fines Trip.com $765 million for forcing hotels into exclusive deals and controlling their prices
China’s market regulator fined Trip.com Group $765 million on Saturday after concluding that the country’s largest…
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Waymo to end Uber exclusivity in Austin and Atlanta, launching its own app in January 2028
Waymo has notified Uber that it plans to launch its own app in Austin and Atlanta in January 2028, ending the…
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