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Ex-Anthropic researchers raise $200M for self-improving AI

Mirendil, founded by two researchers who left Anthropic after barely a year, has raised $200m at a $1bn valuation. The pitch: sell the self-improving AI that the big labs build for themselves and guard from everyone else. The biggest AI labs share one private conviction. The fastest way to build better AI is to point […]

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OpenAI hires Apple’s Vision Pro chief Paul Meade

Paul Meade, Apple’s Vision Pro chief, is leaving to build OpenAI’s devices. It is the most senior Apple defection yet, and it points the AI hardware talent war straight at Cupertino. Apple does not lose vice presidents to rivals. That is the unwritten rule, and for years it held. Designers slipped away to Jony Ive’s […]

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Germany’s AI rollout is being sold as a fix for its worker shortage

The case for artificial intelligence in Germany is being made, increasingly, in the language of arithmetic rather than ambition. The country does not have enough workers, and AI is being pitched as a way to need fewer of them. The concrete version of that pitch is small and unglamorous. A homebuilder in the northwest of […]

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Amazon’s rapid-delivery push wipes $15bn off India’s Eternal and Swiggy

Amazon spent years circling India’s quick-commerce market without committing to it. Investors have now decided the circling is over, and they have repriced the incumbents accordingly. Shares in Eternal, the parent of grocery-delivery leader Blinkit, and in rival Swiggy have fallen sharply as Amazon accelerates its rapid-delivery business in the country. Eternal has slipped about […]

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Prosus profit roughly doubles as its e-commerce bets and Tencent stake pay off

For years Prosus was, in effect, a single bet wearing the costume of a diversified investor: a sprawling portfolio whose value rose and fell with one Chinese asset. Its latest results suggest the costume is becoming the company. Prosus reported revenue of about $7.3bn for the financial year ended 31 March 2026 and roughly $1.1bn […]

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Australia moves to double Big Tech fines and arm its regulator over the under-16 ban

Six months after Australia became the first country to bar under-16s from social media, the government has concluded that the platforms are not taking the rule seriously enough, and is preparing to make the consequences of ignoring it considerably more expensive. New legislation announced this week would roughly double the maximum penalty for a systemic […]

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China’s CXMT wins a reported $3bn memory deal with Tencent

ChangXin Memory Technologies has agreed to supply Tencent with roughly $3bn of memory chips, two people familiar with the matter told Reuters, in a deal that would bind one of China’s largest cloud operators to its largest homegrown DRAM maker. Neither company has confirmed the agreement publicly, and the figure comes from sourcing rather than […]

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