A bank that barely existed a year ago is now chasing a valuation most European lenders can only dream of. Erebor was founded by Anduril’s Palmer Luckey and backed by Peter Thiel. It is in talks to raise at a valuation of at least $8bn, and its deposits have almost quadrupled in three months. That […]
Europe just put its first quantum computing company on a major American stock exchange. And it did so without leaving home. IQM, a Finnish maker of quantum machines, started trading on Nasdaq this week. The debut was equal parts landmark and reality check. IQM began trading on the Nasdaq Global Select Market on 2 July […]
The world’s biggest seller of website addresses says a court order in India could make the internet less safe. GoDaddy is fighting new rules meant to stop fake sites impersonating famous brands. It warns the cure could expose millions of legitimate site owners, and not only in India. The order came from the Delhi High […]
Amazon has finally reached the starting line in the satellite-internet race. It says it now has enough spacecraft in orbit to switch on its Leo broadband network later this year. The target is clear: Elon Musk’s Starlink. An overnight launch on 2 July tipped the balance. A United Launch Alliance Atlas V rocket carried 29 […]
The voice AI startup is reportedly weighing a staff share sale that would value it at nearly double its February funding round, according to people familiar with the discussions. ElevenLabs is in early talks with investors about an employee tender offer that would value the voice AI startup at roughly $22 billion, according to Bloomberg, which […]
Anduril has become the poster child for a faster, software-speed kind of defence contractor. Last Friday, one of its rocket motors blew up on a test stand in Mississippi. The blast is a small setback that carries an outsized message about how hard building missiles really is. A solid rocket motor exploded during a test […]
HCLTech has signed a $1.14 billion contract with a major European company, the Indian IT services group said Thursday, in what is its largest single deal since a $2.1 billion agreement with Verizon in August 2023. The client is described only as a Fortune Global 50 firm, and neither side has named it publicly. The […]
QTS, the data centre operator owned by Blackstone, has terminated its Digital Gateway project in Prince William County, Virginia, and withdrawn the legal filings that were keeping it alive. The move, confirmed on Thursday, ends a fight that had already outlasted most of the other parties involved in it. The project was approved in December […]
Europe has a new defence-tech heavyweight. Quantum Systems, a German maker of autonomous drones, has raised $1.2bn and more than doubled its valuation to about $8bn. It is one of the largest rounds ever for a European defence startup. The Bavarian company announced the Series D on Thursday. Blackstone, Noteus, Airbus, and Advent co-led it. […]
The workplace ban, starting July 10, lands weeks after Anthropic accused operators linked to Alibaba’s Qwen lab of running the largest known distillation campaign against Claude. Alibaba will bar its employees from using Anthropic’s Claude Code inside workplace environments from July 10, according to a person familiar with the matter cited by Reuters. The stated reason […]
