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Barclays to cut 5,000 jobs this year as AI makes the bank more efficient

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Barclays expects to have cut around 5,000 jobs by the end of 2026, roughly 5% of its staff. The bank said artificial intelligence and other technology now let it do the same work with fewer people. The British lender gave the figure on Thursday alongside its third-quarter results, adding to a broader shift at European banks. About […]

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European publishers ask EU and UK regulators to stop Meta’s AI terms

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Europe’s biggest news publishers are asking regulators in the EU and UK to stop Meta from introducing new business terms that they fear could allow the company to copy content from their websites for use in AI products. The changes are due to take effect on 30 October. The European Publishers Council (EPC) sent a […]

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Boomi CEO Steve Lucas says AI now reviews half its accounts payable

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Boomi is approaching $1bn in recurring revenue, chairman and chief executive Steve Lucas told TNW. The integration company has tripled its revenue in the four years since he joined in 2022, he said. It helps that Boomi does data, and “AI needs data,” he said. Trillions are spent on AI every year, and Boomi is […]

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Getty Images files for bankruptcy, pushes ahead with plan to go private

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Getty Images filed for Chapter 11 bankruptcy in Delaware on Wednesday. The Getty family and Koch Equity Development will put in up to $533M and own the whole company, which expects to finish the process by year-end. The filing follows a failed Shutterstock merger and growing competition from AI images. Getty Images filed for Chapter […]

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AI lab Flapping Airplanes is now worth $6B, four times its January value

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Flapping Airplanes, a San Francisco AI research lab founded in late 2025, has raised $1B at a $6B valuation, led by Index Ventures and Lux Capital, Bloomberg reported. Its valuation has quadrupled since January. It is working on ways to train AI with less data and compute, and has no product yet. Flapping Airplanes, an […]

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Photon Bridge raises €10M to mass-produce lasers for AI data centres

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Eindhoven-based Photon Bridge has raised €10M, co-led by the Amadeus APEX Technology Fund and 360 Capital, to build laser light sources for the optical links inside AI data centres. It plans first samples in 2027 and volume production from 2028. Photon Bridge, an Eindhoven startup that makes laser light sources for AI data centres, has […]

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Harvey adds Australian startup Mary’s case-fact tools to its legal AI

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Sydney-based Mary Technology has connected its litigation tool to Harvey, the $15.6B legal AI company. Lawyers drafting in Harvey can now draw on the facts, evidence and reviews their team has built up in Mary, including conflicting accounts. Workflow firm Autologyx also joined Harvey’s connector library. Mary Technology, a Sydney-based legal AI startup, has connected […]

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PHP knew about one of the flaws in 2024 but could not agree a fix

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The PHP Foundation has given an unusually frank account of the emergency behind this week’s patches. It said it had found one of the two critical flaws two years ago, in 2024. Then it spent months unable to agree on how to repair it. The admission came in a blog post from the Foundation on […]

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Intel restarts its stalled US factory push as AI chip demand grows

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Intel has started installing equipment at Fab 62, its new chip plant near Phoenix, which is due to open in early 2028. It has also put up the first major roof truss at its long-delayed Ohio site. The progress comes as demand for its data centre processors outpaces supply. Intel has started installing equipment at […]

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Anthropic set Claude on 25 open-source projects and it found 493 flaws

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Anthropic pointed its Claude models at 25 widely used open-source projects and set them a different task: not finding individual bugs, but finding code that attackers can reach when they should not be able to. Claude flagged 493 such issues. One of them had sat in the software for 21 years. The work is a […]

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