Moment, the fintech company founded by a cohort of former Citadel Securities quantitative traders and researchers, has raised $78 million. The round was led by Index Ventures with participation from existing investors Andreessen Horowitz and Avra. The company last raised $36 million in July 2025. Moment builds infrastructure that allows wealth management firms to deploy […]
In 1985, the best computer a reasonably affluent American could buy was the IBM PC AT, which cost $19,400 in today’s money. Today, a Tecno Spark Go costs $30 in a Nairobi market stall and runs a processor billions of times faster. No other good in history has experienced a cost decline on that scale. […]
DeepSeek has made permanent the 75% price discount on its flagship V4 Pro model. The promotion was originally scheduled to expire on 31 May. The Chinese AI startup’s pricing now ranges from $0.003625 to $0.87 per million tokens, down from $0.0145 to $3.48. The price points are striking in context. OpenAI’s GPT-5 charges $2.50 per […]
The SpaceX IPO prospectus, filed on Wednesday, contains a vision for terawatt-scale space-based solar power. It also reveals, through what it does not say, that Elon Musk’s AI company xAI is running its data centres on unregulated natural gas turbines, with plans to buy $2.8 billion more. Tesla, the company Musk built on the promise […]
Anthropic disclosed on Friday that Project Glasswing, its restricted cybersecurity initiative, has uncovered more than 10,000 high- or critical-severity vulnerability candidates across some of the most systemically important software in the world since the programme went live one month ago. Of those, 1,726 have been validated as true positives. 1,094 are confirmed high- or critical-severity […]
Peec AI, a Berlin-based startup that helps brands track and improve their visibility in AI-generated search results, has crossed $10 million in annualised revenue, according to internal dashboard data seen and verified by TechCrunch. The milestone comes six months after the company raised a $21 million Series A at a valuation above $100 million, when […]
South Korea’s Deputy Prime Minister Bae Kyung-hoon said the wealth created by artificial intelligence must benefit the wider public, warning that the labour tensions that nearly shut down Samsung Electronics this week are not an isolated event but a preview of what the AI era will produce. Speaking to CNBC on Friday, Bae said that […]
