European tech has a confidence problem that has little to do with its results. The companies are there, the exits are there, and yet the dominant story has long been one of catching up to Silicon Valley. Balderton Capital wants to change the register. On Monday it launched “Built in Europe,” a campaign backed by […]
A top-level Communist Party publication has signaled a shift in how Beijing intends to govern its largest internet platforms. A draft commentary set to appear in the Qiushi journal on Monday says the focus will be on balancing support for growth with enhanced regulatory oversight. The message is directed at companies including Alibaba, Meituan, and […]
When Apple launched the Apple Watch in 2015, the mid-tier wristwatch market had a handful of dominant companies. Swatch Group sold watches under Tissot, Hamilton, and Longines. Fossil Group sold under Michael Kors, Armani, and Kate Spade. Movado sold under Coach, Hugo Boss, and Tommy Hilfiger. Ten years later, the damage is quantifiable. Swatch’s revenue […]
Tesla has 42 autonomous vehicles authorised for driverless ridehailing in Texas. Waymo has 577. The figures were published in an online database on 28 May as a new Texas law took effect giving the state greater oversight of commercial driverless vehicle operators. Tesla’s fleet is less than one-tenth the size of Waymo’s in the same […]
Reuters interviewed nine former Tesla data labelers and a former self-driving engineer about their views on Tesla’s Full Self-Driving mode. Seven of the nine data specialists said they would not ride in a Tesla operating on FSD. One said they would not ride in a Tesla robotaxi “if you f**king paid me.” “We have all […]
Twenty Snap alumni have launched Ghost Angels, an angel fund backing the next generation of social media and consumer AI startups. The fund has invested in at least five companies and plans to deploy remaining capital into at least 15 more within the next year. It declined to disclose total fund size. Max Rivera, who […]
Utah Governor Spencer Cox signed an executive order on Friday establishing a “higher bar for data center development” in the state. The order is effective immediately. It follows months of community outrage over the Stratos Project, a 40,000-acre hyperscale data centre campus backed by “Shark Tank” investor Kevin O’Leary that could reach 9 gigawatts of […]
SoftBank plans to invest as much as €75 billion ($87 billion) to build 5 gigawatts of AI data centre capacity in France. It is the Japanese conglomerate’s biggest AI infrastructure commitment in Europe. CEO Masayoshi Son and President Emmanuel Macron are expected to formally announce the deal at the Choose France Summit this weekend. The […]
Meta is developing an AI-powered pendant that it plans to start testing within the next year, according to an internal memo viewed by The Information. The device builds on the Limitless acquisition Meta completed at the end of 2025. Limitless made a pendant that users could clip to their shirt or wear as a necklace […]
The financial terms of the Breathitt County social media settlement have been disclosed for the first time. Meta is paying $9 million. Snap and TikTok are each paying $8 million. YouTube negotiated a payout of slightly more than $2 million. The combined $27 million is 8% more than the Kentucky school district’s $25 million annual […]
