Revolut’s Nik Storonsky closes a $500m fund for his algorithm-run venture firm QuantumLight
Nik Storonsky, the man behind Revolut, has closed a $500m second fund for QuantumLight, the algorithmic venture-capital firm he co-founded to let software, rather than partners, d…
Tesla’s Cybercab is finally launching, and it starts by giving its own staff a lift
Tesla is preparing to put its Cybercab, the purpose-built two-seat robotaxi with no steering wheel and no pedals, onto public roads in Austin as soon as this month, according to T…
Smack Technologies raises $61m as the Pentagon’s hurry becomes a battlefield-AI business model
A defence software start-up that most of Silicon Valley had never heard of a year ago is suddenly flush with cash, and the reason says a great deal about where the Pentagon is ste…
Medly AI raises $8m to put an AI tutor in front of every UK exam student
Sometimes the most genuine projects emerge from gaps we identify in our own lives or in the society around us. And maybe this should be our focus as a society: to use all the tech…
The SEC staff agreed data centre securitisation sits outside Dodd-Frank risk retention
Nvidia announced $500bn of AI infrastructure financing last week, alongside Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR. A fortnight earlier, the Securities a…
Google picked and paid for the firm anonymising the Spirit Airlines data
Google has agreed to pay $10mn for what a dead airline knew. A judge considers the sale on Wednesday morning. Reuters reported the price on Monday. Every account of the deal rests…
Cursor Origin is on by default for paid users, and its data terms are unpublished
Cursor started rolling out Origin, its own code hosting platform, on Monday morning. About three and a half hours later GitHub fell over. The order matters, because most of the in…
GitHub disputes Wiz’s claim that Copilot Autofix wrote a Snowflake flaw
A security company said on Monday that an AI wrote a critical flaw into Snowflake’s code, and that another AI found it and broke in. The second half holds up. The first half came …
Anthropic’s annualized revenue surges to $65B
The model maker added $18 billion in annualized revenue in two months.
Greg Brockman says OpenAI underestimated its own models’ cyber skills
Greg Brockman went on CNBC on Monday to say the executive departures at OpenAI are not unusual. “I actually think that the difference between OpenAI and other organizations is tha…
Opening statements begin in the biggest consumer protection case in the US
Opening statements in the states’ case against Meta begin today in Oakland. The court seated a jury last week. The trial should run about five weeks. Twenty-nine state attorneys g…
Wispr raised $280mn at $2bn to argue the text box is finished
Wispr has raised $280mn at a $2bn valuation. Menlo Ventures led the round, having led the last one too. Total funding now stands at $361mn. The company makes Wispr Flow, a dictati…
An AI agent built a working exploit for this macOS flaw in four hours
A security company built working exploits for two pre-authentication root bugs in macOS. It took four hours. The firm, Calif, used an AI agent. It now withholds technical details …
The DOJ is investigating Andreessen Horowitz over competing board seats
The US Justice Department is investigating Andreessen Horowitz. At issue is whether partners at the venture capital firm improperly sit on the boards of competing artificial intel…
Aachen’s amber raised €7mn to sell AI sovereignty to the Mittelstand
Aachen-based amber has closed a €7mn Series A. Ventech co-led it with NRW.Venture, the venture arm of NRW.BANK. NRW.BANK is the development bank owned by the German state of North…
Higgsfield raised $400mn at $5.4bn, four times its January valuation
Higgsfield has raised $400mn at a $5.4bn valuation. DST Global led the round. Goldman Sachs, Intel Capital, and Liberty Global Tech Ventures all took part, alongside Tribe Capital…
AI automation startup Relay shuts down, staff joins Google’s Chrome team
"We have some really ambitious plans to help you work with AI in Chrome to get things done, and I’ll have more to share soon," Jacob Bank, Relay founder and CEO, said.
OpenAI disbanded the team that assessed catastrophic model risks
OpenAI shut down its preparedness team at the end of July, the Financial Times reports. The team existed to work out whether OpenAI’s models posed catastrophic risks. It also desi…
France’s tax agency lost data on 678,000 people to a stolen login
The French tax agency says an attacker took data belonging to 678,000 individuals and businesses. The intrusions happened in June and July. The agency did not establish that anyth…
Terra Industries closes a $52mn seed and opens its first office outside Africa
Terra Industries has added $18mn to close a $52mn seed round and will open its first office outside Africa in London, while keeping manufacturing in Ghana and Nigeria. The Nigeria…
EY will keep interns on for a year before offering them a job
EY is launching a paid Career Residency that keeps assurance interns employed part-time for 8 to 12 months after their eight-week internship, working remotely on EY projects durin…
OpenAI is funding 13 Axios local newsletters in a three-year deal
OpenAI is paying the startup costs of 13 new Axios Local newsletters, covering both staff and technology. Axios employees also get free credits for OpenAI’s enterprise tools. In r…
‘Unprecedented’ number of Apple users received recent spyware alert, say investigators
Cybersecurity experts who investigate spyware attacks say the number of people who received a recent threat notification from Apple is unusually high.
Tesla Quietly Enables Power Export On Its Best-Selling EV
Tesla has quietly enabled vehicle-to-load on the Model Y Premium in the US and Puerto Rico through an $80 adapter offering two 120-volt outlets and up to 2.4kW. The feature is sti…