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A look at strains in the UK's fintech sector, as former industry darlings are forced to overhaul their operations or merge under pressure to reach profitability
(
www.ft.com
)
4 days ago
Fintech
Sources: SpaceX is currently targeting an IPO valuation of at least $1.8T, down from a previous $2T+ target, after consultations with advisers and investors
(
www.bloomberg.com
)
4 days ago
IPO
SpaceX
Tencent bets on smaller AI models in the race with Chinese rivals, as EVP Dowson Tong says AI now contributes 20%+ of its revenue and 95%+ of new internal code
(
asia.nikkei.com
)
4 days ago
China
AI
Tencent
UK Chief Secretary to the Treasury Lucy Rigby warns that rejecting AI in public services means choosing “decline”, vowing to prioritize its Whitehall rollout
(
www.ft.com
)
4 days ago
AI
Pittsburgh-based Gray Swan, which stress-tests AI models for top frontier AI labs, raised a $40M Series A at a $200M valuation co-led by Wing VC and Madrona
(
www.forbes.com
)
4 days ago
AI
Asana acquires StackAI, a no-code platform for building AI agents, for $75M as part of Asana's broader AI pivot; PitchBook: StackAI raised ~$20M
(
techcrunch.com
)
4 days ago
AI
AI researchers ran 15-day simulations of worlds governed by different AI models: Claude Sonnet 4.6 recorded zero crime, while Gemini 3 Flash had the most at 683
(
fortune.com
)
4 days ago
AI
Permalink to AI Coding Assistants in 2026: Avoiding Pitfalls and Maximizing Value
(
sdtimes.com
)
4 days ago
AI
Dell reports Q1 AI server revenue up 757% YoY to $16.1B and raises its FY 2027 AI server revenue forecast to $60B, up from its prior projection of $50B
(
siliconangle.com
)
4 days ago
AI
Russia boosts drone defense amid Ukrainian attacks on civilians
(
www.rt.com
)
4 days ago
Russia
Drone
Ukraine
Triomics, which is building an AI-powered platform to help oncologists automate data-heavy tasks, raised a $22M Series B, following a $15M Series A in 2024
(
techcrunch.com
)
4 days ago
AI
Okta reports Q1 revenue up 11% YoY to $765M, vs. $752M est., says the agentic AI build-out is spiking demand for its identity tools; OKTA jumps 7%+ after hours
(
www.cnbc.com
)
4 days ago
AI
Sources: Amazon has shut down an internal leaderboard that tracked employees' use of AI tools after workers tried to boost their scores with needless tasks
(
www.ft.com
)
4 days ago
Amazon
AI
Occupy Wall Street Co-Founder Built an On-Device AI For Activists
(
yro.slashdot.org
)
4 days ago
AI
Wall Street
Snowflake stock closed up 36% on Thursday, its best day ever, after the company boosted guidance and announced an AI compute deal with Amazon
(
www.cnbc.com
)
4 days ago
Amazon
AI
Trump Loses More Control Over AI Regulation As Illinois Passes Landmark Law
(
yro.slashdot.org
)
4 days ago
Trump
AI
Corgi, which uses AI to provide insurance for startups, raised a $106M Series B1 at a $2.6B valuation, up from $1.3B on May 6, for a total funding of $378M
(
techcrunch.com
)
4 days ago
Startup
AI
Insurance
Elon Musk says Anthropic's Colossus deal is “a 180 day lease with 90 day notice”; SpaceX's S-1 said Anthropic “agreed to pay a monthly fee through May 2029”
(
techcrunch.com
)
4 days ago
Elon Musk
SpaceX
Robinhood Now Lets Your AI Agents Trade Stocks
(
tech.slashdot.org
)
5 days ago
AI
IBM plans to invest more than $10B in quantum computing over five years as it aims to build the first large-scale, error-free quantum computer by 2029
(
www.reuters.com
)
5 days ago
IBM
Quantum
YouTube launches new Premium podcast features, including an AI-powered recommendation tool, an “Auto speed” setting, and a new on-the-go listening mode
(
techcrunch.com
)
5 days ago
AI
YouTube
Saris, which builds AI agents to automate back-office work for banks and credit unions, raised a $28.8M Series A led by 8VC
(
www.axios.com
)
5 days ago
AI
Reactor, which says its AI platform can generate video in real-time with near-zero latency, emerges from stealth with a $59M Series A led by Lightspeed
(
variety.com
)
5 days ago
AI
Source: Groq is raising ~$650M from existing investors; the AI chipmaker earlier signed a $20B Nvidia licensing deal that saw much of its senior team depart
(
www.axios.com
)
5 days ago
AI
Nvidia
Israel-based web development company Wix is cutting 20% of its workforce, citing the “fast evolution of AI capabilities” and currency exchange rate difficulties
(
www.cnbc.com
)
5 days ago
Israel
AI
Sources: at WWDC, Apple is likely to showcase how 15 years of designing custom silicon chips gives it an advantage in local AI, using a distilled Gemini model
(
www.theinformation.com
)
5 days ago
AI
Apple
Russia's new tactic to get past Ukrainian lines - sending troops into underground pipes... before emerging in deadly drone 'whack-a-mole' game where life expectancy is TEN MINUTES
(
www.dailymail.co.uk
)
5 days ago
Russia
Drone
Ukraine
Iran attacks US airbase after Trump condemns Tehran's peace plan and strikes regime drone site near Strait of Hormuz
(
www.dailymail.co.uk
)
5 days ago
Trump
Drone
Iran
Tehran
IBM and Red Hat commit $5B to establish a new model for open-source software, dubbed Project Lightwell, and will deploy 20,000 engineers, supported by AI
(
www.wsj.com
)
5 days ago
IBM
AI
Source: the Shanghai Futures Exchange is in the early stages of designing futures contracts for AI tokens; US exchanges are set to launch GPU compute futures
(
www.reuters.com
)
5 days ago
AI
Shanghai
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