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PitchBook published its Q2 US VC Valuations report on 10 August. Megadeals took 87.5% of the dollars deployed in the first half of 2026. PitchBook defines those as rounds of $100m or more. AI is the primary driver of that concentration, though the figure describes deal size rather than sector. The AI premium is real […]
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Tencent reported second-quarter revenue of 204.8bn yuan ($30.4bn) on Wednesday, up 11% and ahead of forecasts. Net profit came in at 56bn yuan against the 61.8bn analysts expected, CNBC reports. Capital expenditure rose 176% on the year to 52.8bn yuan, about $7.8bn. Free cash flow swung to an outflow of 13.8bn yuan. Those four numbers […]
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Skan AI announced $63m in funding on Wednesday, co-led by Cathay Innovation and Dell Technologies Capital. What the money is buying is not a model. It is a record of how people at large companies actually do their jobs. Skan builds that record by watching them work. Avinash Misra, the co-founder and chief executive, reached […]
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Upwork shares fell sharply after the freelance marketplace cut its full-year guidance, overshadowing a second-quarter earnings beat and reviving concerns that AI is eroding the work it brokers. The stock dropped as much as 21% in after-hours trading on Monday and closed on Tuesday down about 15% at $8.39. The company reported second-quarter revenue of $191.7m, down […]
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Upwork cuts full-year forecast as AI pressures its marketplace Read More »
SpaceX posted a 30-minute all-hands to X on Tuesday. Elon Musk used it to make two claims, and they only make sense together. The first is a number. AI revenue will pass everything else the company sells by next month. The second is a method. SpaceX will train Grok on its own information, including the […]
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Musk says SpaceX AI will out-earn rockets by September, and be trained on staff Read More »
Uber Freight is investigating a data-security incident involving unauthorised access to part of its systems, the company said on Tuesday, five days after a hacking group claimed to have posted around a million of its files online. In a statement attributed to spokesperson Sam Hallock, the company said there had been “no impact to Uber […]
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Uber Freight investigates cyber incident after hackers claim million-file leak Read More »
Foxconn crossed a line this quarter that it will not cross back. Its cloud and networking division, the one that builds AI servers, made up 51% of revenue in the three months to June. That is the first time the segment has passed half. Smart consumer electronics, the division that contains the iPhone, came to […]
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Foxconn now makes more money from AI servers than from everything else combined Read More »
Lovable is worth $13.3bn and its revenue is tripling. The interesting name on the cheque is the European Union. Lovable has raised $400m at a $13.3bn valuation. The Stockholm company lets people build software by describing it in ordinary language, and it is now one of Europe’s most valuable startups. Eight months ago it raised […]
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‘It’s still day zero’: Lovable is worth $13.3bn, and the EU just became a shareholder Read More »
The Job Interview Tattoo Guy Everyone Got Mad at Finally Explains Himself Read More »
Oracle and Quantinuum have agreed a multi-year partnership under which Quantinuum will physically install its Helios quantum computer inside a US Oracle Cloud Infrastructure AI data centre, and Oracle will sell access to it as a managed OCI service. No financial terms were disclosed, no launch customer was named, and no firm date was given […]
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Oracle is putting a Quantinuum quantum computer inside its own data centre Read More »