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Berlin’s Moss becomes a unicorn betting on ‘controllable’ finance AI

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Another European fintech has joined the unicorn ranks. Berlin-based Moss has raised €30m in a Series C round that values the spend-management company at more than €1bn. The round was led by Portage. The specialist fintech investor headlined the raise, with existing backer Cherry Ventures also taking part, extending its bet on a company it […]

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Revolut is valued at $115bn. Its founder’s new share deal targets $500bn

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Nik Storonsky wants a bigger slice of Revolut, and he has picked an ambitious price. The cofounder and chief executive is in talks over a new share award, the Financial Times reported. It would grow his stake if the fintech reaches a $500 billion valuation. Storonsky owns about 29% of Revolut today. The new package […]

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Revolut is valued at $115bn. Its founder’s new share deal targets $500bn Read More »

Google may spend $1.5bn on a 35-person startup to catch up on AI coding

Artificial Intelligence, Business, Digital Marketing, Google, SEO Tips, Startups and technology, Technology, United States /

Google wants its AI to code better. It may have found a shortcut, and it runs through a startup of about 35 people. The company is in talks with Mechanize, a San Francisco startup that trains AI agents to write software, Business Insider reported. The deal would be worth more than $1.5 billion, four people […]

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Nintendo beats earnings thanks to US tariff refunds it won’t share with gamers

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Nintendo has smashed its first-quarter earnings estimates for the fiscal year, bolstered by strong games sales and US tariff refunds, though its customers likely won’t receive anything from the latter. In its latest financial results, Nintendo reports that operating profits soared to 142.5 billion yen (about $902 million) between April 1st and June 30th, compared […]

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Atoms hires Travis Kalanick’s old Uber finance chief as CFO

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Travis Kalanick is putting the band back together. His industrial-robotics startup Atoms has hired Gautam Gupta, who ran Uber’s finances during Kalanick’s tenure, as its new chief financial officer. Gautam Gupta was Uber’s finance chief from 2013 until 2017, the years Kalanick built the company into a global force, and he is now rejoining the […]

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DeepSeek warns of a ‘significant’ price rise, reversing its cheap-AI pitch

Artificial Intelligence, Business, Digital Marketing, SEO Tips, Technology /

The company that made AI cheap is about to make it less so. DeepSeek has warned that a significant price increase is coming for its API, a striking about-face for a firm built on undercutting everyone else. The details are still thin. DeepSeek said only that the rise would land in the near future and […]

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The New York Times falls short on digital subscribers as competition bites

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The New York Times has hit a rare bump in an otherwise smooth climb. The publisher added 280,000 net digital subscribers in the second quarter, short of Wall Street’s forecasts, and its shares slipped despite healthy profits. The New York Times remains the standout success of the subscription era, ending the quarter with 13.4 million […]

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Uber’s tech chief says the AI ‘tokenmaxxing’ era is ending

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The mood around corporate AI spending is turning, and Uber is saying so out loud. The company’s chief technology officer, Praveen Neppalli Naga, says the era of tokenmaxxing is coming to an end. The term needs a translation. Tokenmaxxing is the practice of spending ever more on AI, measured in the tokens that models consume, […]

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Anthropic confirmed it is designing custom chips for Claude. It wants engineers who have “shipped silicon.”

Anthropic, Business, Deep tech, Digital Marketing, SEO Tips, Technology /

Anthropic confirmed on Wednesday that it is building an in-house silicon team to design custom chips for Claude, the first time the company has publicly acknowledged the effort. A spokesperson told Business Insider the company would co-design hardware and models, allowing Claude to run faster and more efficiently “at the scale our customers need.” The […]

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