Elon Musk says SpaceX’s blockbuster listing has probably made thousands of his employees millionaires. Asked on The Sean Hannity Show about a former welder whose stock topped $1m, he said the story was far from unique. “It’s not just one welder, it’s several thousand people who were working on the production line,” Musk said, adding […]
Mark Zuckerberg has publicly confirmed that Meta is exploring an AI cloud business. Selling access to computing power “makes sense”, he said, according to Bloomberg. The confirmation puts the CEO’s name to a plan first reported earlier this month. Meta had been said to be weighing a venture, dubbed Meta Compute, to rent out its spare AI […]
Palo Alto Networks chief executive Nikesh Arora says the cost of running AI needs to plunge before businesses can deploy it at scale. He told CNBC on Thursday that token prices may need to fall by as much as 90%, according to CNBC. Arora was reacting to OpenAI’s claim that its new GPT-5.6 model is 54% […]
Organizations seem eager to bring AI into the workplace. Many begin the journey by focusing on the tool or the model. VarOps, a systems-level AI advisory specializing in capability building in organizations, believes that’s the wrong place to start. According to VarOps, businesses should start by examining how work actually moves through the organisation, as this […]
Ollama has raised a $65M Series B led by Theory Ventures. Benchmark, 8VC, Y Combinator and others joined. The round takes the company’s total funding to $88M, three years after it launched, and Ollama set out the plan in a blog post on Thursday. Founder and chief executive Jeff Morgan gave the details to TechCrunch, […]
Oxylabs has raised $130M from private equity firm Warburg Pincus. It is the company’s first outside investment since it launched in 2015. The deal values the Vilnius-based data infrastructure firm at around $3.6bn. Oxylabs announced the raise on Thursday. The figure is striking for a firm that bootstrapped its way to the top. Oxylabs says […]
Britain’s public sector has become deeply reliant on a small number of US cloud giants, and analysts warn the concentration is now a strategic risk. Nearly all UK government organisations spend on hyperscale cloud, with the dependency running into billions of pounds a year. Some 95% of central and local public-sector bodies spent on hyperscale […]
Databento has raised $97M in Series B funding to build what it calls the market data platform for modern finance. The round was led by New Enterprise Associates, with DRW, Redpoint Ventures, and Tribe Capital joining. The company announced the raise on Thursday. Demand ran well past the target. The round was oversubscribed, drawing more […]
A serve flashes on the Wimbledon scoreboard before the ball stops bouncing. That number comes from a partnership older than most players on court. IBM has been Wimbledon’s technology partner for 36 years, since it planted serve-speed radar behind the baselines in 1991. This year the two extended their deal to 2030, Fortune reported. The […]
Qube Research & Technologies, one of London’s largest quantitative hedge funds, is doing something that would once have looked heretical for a firm built on code: it is hiring humans to pick stocks. The move, reported by Business Insider, places the fund alongside a small group of systematic managers that have begun to blend algorithms with […]
