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Parafin lands a Goldman Sachs credit facility to embed lending inside Amazon, DoorDash, and Walmart

Parafin, an embedded financial infrastructure company on the 2026 Forbes Fintech 50 list, has secured a new credit facility led by Goldman Sachs alongside One William Street Capital Management. The facility will expand access to embedded lending for small businesses through platforms including Amazon, DoorDash, Gusto, TikTok Shop, and Walmart. The company’s model is straightforward. […]

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Europe’s carmakers are pivoting to defence as EV demand slows and military budgets soar

Four European automakers announced military vehicle partnerships in the past week. Ineos is bidding for a UK Ministry of Defence contract. Daimler Truck launched a dedicated defence brand. Renault partnered with Thales for armoured vehicles. Mercedes-Benz teamed up with a German startup to build anti-drone platforms. The European car industry is retooling for rearmament. Ineos […]

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Microsoft might put China’s DeepSeek inside Copilot to tame its AI bills

Microsoft is considering putting a Chinese AI model inside its enterprise Copilot, and the reason is money. The company told Axios it is exploring a self-hosted, fine-tuned version of DeepSeek V4, or another open-source model, as a cheaper option to power Copilot Cowork, the agentic assistant in its Microsoft 365 suite. It expects to offer […]

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Amazon could face billions in fines as the FTC eyes its ad business

Amazon’s advertising business has become its quiet money machine. It may also be its next big regulatory headache. The US Federal Trade Commission has drafted a potential complaint accusing Amazon of misleading advertisers, a case that could lead to billions of dollars in civil penalties, Bloomberg reported on 16 June, citing people familiar with the […]

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Microsoft’s talks to lease Oracle cloud capacity have collapsed, report says

A reported deal worth more than $3bn fell apart over a US-government security framework Oracle was unwilling to add, according to Business Insider. Oracle calls the account inaccurate. The story of the AI build-out is usually one of companies signing for more capacity than anyone thought possible. This is the rarer version: a deal that […]

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Intel pushes 18A-P into risk production to prove its manufacturing pitch

Intel said on Tuesday that the next iteration of its 18A manufacturing process, designated 18A-P, has entered risk production, the stage at which a chipmaker runs the process on real hardware to prove it works before committing to mass volumes. The announcement is less about a single chip than about a promise Intel has spent […]

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Claude earns more revenue per user than ChatGPT, Sensor Tower finds

OpenAI still rules AI by sheer size, but it is no longer running away with it. ChatGPT’s apps crossed 1 billion monthly users last month, the fastest any app has reached the milestone, according to Sensor Tower’s State of AI report. Yet on the metric that pays the bills, OpenAI is losing: Anthropic’s Claude now […]

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