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Almost every AI business sells a product. Someone builds a model or a tool, licenses it, and hopes the customer works out what to do with it. Thrive Holdings inverts that. It buys accounting firms and IT services companies outright, puts its own engineers inside them, and rebuilds how the work gets done. It now […]
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Josh Kushner raised $2bn to buy the companies AI is coming for Read More »
Nuclear reactors need water. They sit beside rivers and coastlines for a reason. The water carries heat away from the core. When it runs low or runs warm, the reactor has to power down. That is happening across Europe right now. On Thursday, Romania’s state-owned Nuclearelectrica began disconnecting the country’s sole operating reactor, CNBC reported. […]
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Europe’s drought is shutting down nuclear reactors Read More »
Why This Prediction Market Banned Teens Read More »
Nebius rents out computing power. It buys Nvidia chips, puts them in data centres, and charges companies to train and run AI models on them. The trade calls this a neocloud. It is based in Amsterdam, listed on Nasdaq, and was spun out of the Russian internet company Yandex in 2024. On Wednesday it reported […]
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Nebius revenue grew 454%. Most of the cash came from customers paying in advance Read More »
Government software is usually bought by asking several companies to bid. A department writes down what it needs, suppliers compete, and the file records why the winner won. A memo drafted inside the US Defense Department on 4 August did something different. It named the supplier first. US Deputy Secretary of Defense Stephen Feinberg directed […]
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Renting an Nvidia H100 for an hour costs whatever your supplier says it costs. There is no published price. Two companies buying identical capacity can pay very different rates, and neither of them will know. That changes on 5 October. CME Group, the exchange that lists crude oil and corn, will start trading two futures […]
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AI compute becomes a tradable commodity on 5 October. The price goes public Read More »
Navi, the Indian fintech founded by Flipkart co-founder Sachin Bansal, has hired banks for an initial public offering of about $315m, according to a Bloomberg report. It is the clearest sign yet that Bansal’s second act is finally heading for the public markets, four years after his first attempt quietly stalled. The headline number comes […]
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Revolut, the fintech that built a fortune on the promise that you would never again need to set foot in a bank, is about to start putting up buildings. The company said today that it will open its own premium airport lounges across Europe, with the first due to debut in 2027 at Copenhagen Airport, […]
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Revolut is building its own airport lounges, starting in Copenhagen in 2027 Read More »
Oracle is planning another round of job cuts this month, according to Business Insider, with some teams reportedly facing double-digit-percentage reductions. Managers have been told to identify the employees affected, and the goal is to trim payroll before 1 September, the start of the company’s fiscal second quarter. Oracle declined to comment. It is the […]
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Oracle plans fresh August layoffs as its AI spending spree bites Read More »
In June, Love and Deepspace took about $38m across the App Store and Google Play. In July it took just over $10m, mobilegamer.biz reported this week, citing Sensor Tower. The game slid to 16th in the monthly gacha rankings, having never before dropped out of the top five. Put that against its own history and […]
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