In April 2025, Intel’s stock was trading at 18 dollars. The company had fired its CEO three months earlier, lost the AI chip race to Nvidia so completely that analysts had stopped including it in competitive comparisons, and was being discussed in the financial press primarily as an acquisition target or a candidate for dismemberment. […]
Elsevier, Cengage, Hachette, Macmillan, and McGraw Hill, joined by author Scott Turow, filed a proposed class action in Manhattan on Tuesday alleging Meta pirated millions of their works to train Llama. After Judge Chhabria’s June 2025 ruling, plaintiffs with stronger market-harm evidence have been waiting their turn. On Tuesday morning, five of the world’s largest […]
Tuesday’s New York event added Claude Opus 4.7, a library of ~10 pre-built finance agents, an FIS-built AML investigator going live at BMO and Amalgamated Bank, and a Moody’s native app covering 600 million companies. The day after the $1.5bn Wall Street joint venture, the product side caught up. On Monday, Anthropic announced a $1.5bn […]
The Series B is the largest ever raised by a Dutch deeptech company, and the largest private round any dedicated quantum-processor company has closed. Intel Capital, In-Q-Tel, and ETF Partners are joining a syndicate that already had FORWARD.one and Invest-NL. There is, in 2026, a very specific kind of European deeptech success story that policy-makers […]
Coinbase is cutting 14 per cent of its workforce, roughly 660 employees from a company of 4,700, two days before it reports the worst quarterly earnings in its history as a public company. CEO Brian Armstrong announced the layoffs on Tuesday in a letter to staff that mentioned the crypto market downturn in passing and […]
In 2018, four thousand Google employees signed a petition against Project Maven, a Pentagon contract that used the company’s AI to analyse drone surveillance footage. Google did not renew the contract. It published a set of AI principles pledging not to develop weapons or surveillance technology that violates international norms. It built an AI ethics […]
The Mythos crisis forced the United States government to confront a question it had been avoiding: what happens when an AI model is powerful enough to threaten national security and the government has no formal mechanism to evaluate it before the public gets access? On Tuesday, the Commerce Department announced that Google, Microsoft, and xAI […]
Two years ago, Nscale was a cryptocurrency mining operation. On Tuesday, the company announced €695 million ($812 million) in new infrastructure investment in Portugal, an expansion of its partnership with Microsoft that will deliver more than 66,000 Nvidia Rubin GPUs to a site with 1.2 gigawatts of permitted capacity. Nscale is now valued at $14.6 […]
The founders of IronSource spent a decade building tools that helped mobile app developers monetise their products through advertising. They sold that company to Unity for $4.4 billion in 2022, watched Unity dismantle the ad network they had built, left in 2024, and have now returned with a company whose premise is that the entire […]
On Monday, Fervo Energy formally launched its IPO roadshow, offering 55,555,555 shares of Class A common stock at an indicated range of $21 to $24 each. At the high end of the range, the geothermal-energy developer would raise as much as $1.33bn and become the largest climate-tech IPO of 2026 to date. The company has […]
