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London’s MDOTM raises $27M to put AI inside wealth managers

The buzziest corner of finance AI is not the trading desk. It is the dull middle office, where staff keep thousands of portfolios in line with spreadsheets. A London-founded startup just raised $27mn to automate exactly that. The company is MDOTM. It has closed a $27mn growth-equity round led by Expedition Growth Capital, it said. […]

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Base44 launches Base1, its own AI model for vibe coding

Base44 spent its first year building apps on other companies’ AI models. Now it has built its own. It is betting that owning the model is the only way to survive the vibe-coding gold rush. The Tel Aviv startup lets anyone build a working app by describing it in plain language. It has now launched […]

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DeepSeek breaks China’s AI price war with peak-hour surge pricing

DeepSeek lit China’s AI price war by making tokens absurdly cheap. Now it is doing something no rival has dared: charging more when demand runs high. The Chinese startup has told API customers it will double the price of its V4 models during busy hours, according to the South China Morning Post, which saw the […]

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Cross-border payroll runs on $200B and zero shared infrastructure

Every year, more than $200 billion in employer-originated wages crosses international borders. The money moves through a patchwork of local banks, regional payroll vendors, and manual compliance processes. Anyone who managed international payments in 2005 would recognise the setup. The scale has changed. The plumbing has not. This is not a minor inefficiency. It is […]

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Cleared by the US, derailed by the UK: Getty’s Shutterstock merger falls apart

Getty is planning to axe its $3.7 billion merger agreement with Shutterstock after a UK regulator imposed restrictions that would prevent part of Shutterstock’s business from being included in the deal. The move comes despite the US Department of Justice granting the deal “unconditional antitrust clearance” in February. In an SEC filing published on Tuesday […]

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OCBC to lift annual tech spending above $771mn as new CEO doubles down on AI

CBC plans to raise its annual technology spending to more than $771mn, according to Bloomberg, as Singapore’s second-largest lender leans harder into AI and digital banking. The increase marks one of the first strategic signals from Tan Teck Long, who took over as group chief executive on 1 January 2026. Tan succeeded Helen Wong, who retired at […]

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Bending Spoons prices IPO above range to raise $1.68bn ahead of Nasdaq debut

Bending Spoons, the Milan software group that owns Vimeo, WeTransfer and Evernote, has priced its US initial public offering above the marketed range to raise $1.68bn. The company and existing shareholders, including Baillie Gifford, sold 57.97 million shares at $29 each, according to a statement reported by Bloomberg. That is above the $26 to $28 range […]

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Uber-backed Lime prices its IPO at $25 a share, raising about $174m

Lime has priced its US initial public offering at $25 a share, according to Bloomberg News. That is the midpoint of the $24 to $26 range the company had marketed. The offering raised roughly $174m in total. Neutron Holdings, the corporate entity behind Lime, sold 6.68 million shares in the deal. Shareholders including chief executive Wayne […]

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The Trump Administration Is Lifting Its Export Controls on Anthropic’s Mythos and Fable AI Models

The White House is easing restrictions on Anthropic’s most advanced AI models weeks after ordering the company to suspend access for foreign nationals.

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