The buzziest corner of finance AI is not the trading desk. It is the dull middle office, where staff keep thousands of portfolios in line with spreadsheets. A London-founded startup just raised $27mn to automate exactly that. The company is MDOTM. It has closed a $27mn growth-equity round led by Expedition Growth Capital, it said. […]
Base44 spent its first year building apps on other companies’ AI models. Now it has built its own. It is betting that owning the model is the only way to survive the vibe-coding gold rush. The Tel Aviv startup lets anyone build a working app by describing it in plain language. It has now launched […]
DeepSeek lit China’s AI price war by making tokens absurdly cheap. Now it is doing something no rival has dared: charging more when demand runs high. The Chinese startup has told API customers it will double the price of its V4 models during busy hours, according to the South China Morning Post, which saw the […]
Every year, more than $200 billion in employer-originated wages crosses international borders. The money moves through a patchwork of local banks, regional payroll vendors, and manual compliance processes. Anyone who managed international payments in 2005 would recognise the setup. The scale has changed. The plumbing has not. This is not a minor inefficiency. It is […]
CBC plans to raise its annual technology spending to more than $771mn, according to Bloomberg, as Singapore’s second-largest lender leans harder into AI and digital banking. The increase marks one of the first strategic signals from Tan Teck Long, who took over as group chief executive on 1 January 2026. Tan succeeded Helen Wong, who retired at […]
Bending Spoons, the Milan software group that owns Vimeo, WeTransfer and Evernote, has priced its US initial public offering above the marketed range to raise $1.68bn. The company and existing shareholders, including Baillie Gifford, sold 57.97 million shares at $29 each, according to a statement reported by Bloomberg. That is above the $26 to $28 range […]
Lime has priced its US initial public offering at $25 a share, according to Bloomberg News. That is the midpoint of the $24 to $26 range the company had marketed. The offering raised roughly $174m in total. Neutron Holdings, the corporate entity behind Lime, sold 6.68 million shares in the deal. Shareholders including chief executive Wayne […]
Anthropic has launched Claude Sonnet 5, its most agentic mid-tier model yet. It runs close to the flagship Opus 4.8 on many tasks, but costs less than half as much. Anthropic said on June 30, 2026 that Sonnet 5 is available today across every plan. The company built it to act, not just answer. It […]
Schneider Electric is buying Cognite, a Norwegian-founded industrial AI company, for $3.1bn in cash. The French group wants software that can make factories and power grids think for themselves. Schneider Electric said on June 30, 2026 that it had agreed to acquire all of Cognite in an all-cash deal worth $3.1bn. Cognite builds software that […]
Anthropic has launched Claude Science, an app that pulls a researcher’s scattered tools into one place and lets AI agents run large parts of the work. It is the company’s biggest push yet into the lab. Anthropic said on June 30, 2026 that Claude Science is now available in beta. The company calls it an […]
