In short: Accel has raised $5 billion in new capital, comprising a $4 billion Leaders Fund V and a $650 million sidecar, targeting 20-25 late-stage AI investments at an average cheque size of $200 million. The raise follows standout returns from its Anthropic stake (invested at $183B, now valued near $800B) and Cursor (backed at […]
In short: Anthropic has received investor offers valuing the company at approximately $800 billion, more than doubling its $380 billion valuation from a $30 billion funding round closed just two months ago. The surge follows an unprecedented revenue trajectory that has taken Anthropic from $1 billion in annualised revenue at the end of 2024 to […]
In short: Jane Street has signed a $6 billion AI cloud agreement with CoreWeave and taken a $1 billion equity stake at $109 per share, making the quantitative trading firm one of CoreWeave’s five largest shareholders. The deal provides Jane Street with access to NVIDIA’s next-generation Vera Rubin compute and adds to CoreWeave’s growing contract […]
Astroport Space Technologies and Vermeer Corporation have announced a collaboration to adapt industrial surface mining equipment for autonomous lunar construction, a partnership that both companies frame as delivering the heavy machinery, or “Lunar Iron,” needed to build a permanent human presence on the Moon. The announcement, made at the 20th International Conference on Engineering, Science, […]
In short: OpenAI is releasing GPT-5.4-Cyber, a model fine-tuned for defensive cybersecurity with lowered refusal boundaries and binary reverse engineering capabilities, and scaling its Trusted Access for Cyber programme to thousands of verified defenders. The move comes a week after Anthropic restricted its more powerful Mythos model to just 11 organisations, setting up a philosophical […]
In short: Spotify has launched physical book sales in the US and UK through a partnership with Bookshop.org, letting users buy print copies via affiliate links on audiobook pages within the app. The feature sits alongside Page Match, which now works in 30+ languages and lets readers scan a book page to sync with the […]
In short:Security researcher Aonan Guan hijacked AI agents from Anthropic, Google, and Microsoft via prompt injection attacks on their GitHub Actions integrations, stealing API keys and tokens in each case. All three companies paid bug bounties quietly, $100 from Anthropic, $500 from GitHub, an undisclosed amount from Google, but none published public advisories or assigned […]
In short: Google is classifying “back button hijacking” as spam, targeting sites that abuse the browser History API to trap users when they try to navigate away. Enforcement begins 15 June 2026, with penalties ranging from manual spam actions to algorithmic ranking demotions. Site owners are liable even when the offending code comes from third-party […]
Snap is cutting roughly 1,000 jobs, or 16% of its full-time workforce, as CEO Evan Spiegel cites AI-driven efficiency gains and pursues more than $500 million in annualised cost savings. The layoffs follow a public campaign by activist investor Irenic Capital Management, which had explicitly recommended eliminating about 1,000 roles. SNAP shares jumped roughly 8% […]
