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Ollama raises $65M as its open-model runner hits nearly 9M developers

Ollama has raised a $65M Series B led by Theory Ventures. Benchmark, 8VC, Y Combinator and others joined. The round takes the company’s total funding to $88M, three years after it launched, and Ollama set out the plan in a blog post on Thursday. Founder and chief executive Jeff Morgan gave the details to TechCrunch, […]

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Comcast is breaking up with NBCU. Why did it ever buy it in the first place?

Today on Decoder, I’m talking with Peter Kafka, who is chief correspondent at Business Insider and host of Channels, a podcast about the media industry. And it’s a big week for the media industry — Comcast just announced that it’s splitting itself up, into the Comcast broadband company and the NBCUniversal entertainment company. That’s after […]

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Britain’s public sector runs on US cloud, and that is now a billion-pound risk

Britain’s public sector has become deeply reliant on a small number of US cloud giants, and analysts warn the concentration is now a strategic risk. Nearly all UK government organisations spend on hyperscale cloud, with the dependency running into billions of pounds a year. Some 95% of central and local public-sector bodies spent on hyperscale […]

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Databento raises $97M to take on Bloomberg’s terminal

Databento has raised $97M in Series B funding to build what it calls the market data platform for modern finance. The round was led by New Enterprise Associates, with DRW, Redpoint Ventures, and Tribe Capital joining. The company announced the raise on Thursday. Demand ran well past the target. The round was oversubscribed, drawing more […]

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SK Hynix’s Nasdaq listing draws more than seven times the shares on offer

SK Hynix’s American listing has been more than seven times oversubscribed, according to people familiar with the deal, a sign of heavy demand for one of the largest share sales Wall Street has fielded from a foreign company. The South Korean memory-chip maker was due to price its offering of American depositary receipts on Thursday, […]

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Quant fund Qube is hiring human stock pickers to sit beside its algorithms

Qube Research & Technologies, one of London’s largest quantitative hedge funds, is doing something that would once have looked heretical for a firm built on code: it is hiring humans to pick stocks. The move, reported by Business Insider, places the fund alongside a small group of systematic managers that have begun to blend algorithms with […]

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Apple supplier Luxshare slides in its record Hong Kong debut

Luxshare Precision Industry began trading in Hong Kong on Thursday with a stumble, its shares sliding on a debut that had been trailed as the city’s biggest listing of 2026. The stock fell as much as 9.6% below its offer price before clawing back part of the loss, an underwhelming opening for one of the […]

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Revolut hires ex-Chase UK boss Kuba Fast to lead its European bank

Revolut has appointed Kuba Fast, the former chief executive of Chase UK, to run Revolut Bank UAB, the Lithuania-based entity that holds the fintech’s European banking licence. The move hands one of the industry’s most closely watched digital lenders a senior operator taken directly from JPMorgan Chase, as it presses on with a banking build-out […]

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Sonos loses a decade of design talent as layoffs hit its top ranks

Senior design, product, and research leaders with 10 years or more at the company are out, in a restructuring the chief executive calls speed and some staff call cost-cutting. “The design team is a little smaller now,” Edward Mitchell, a Sonos designer of roughly 12 years’ standing, wrote on LinkedIn as the audio company parted […]

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US states could sue next week to block Paramount’s $110bn Warner Bros deal

A group of US states could sue as soon as next week to block Paramount’s $110 billion acquisition of Warner Bros. Discovery, two people familiar with the matter told Reuters, opening a fresh front against a deal that federal regulators have already waved through. The threat lands weeks after the Justice Department cleared the merger without […]

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