Ecosystems

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A Kazakh fund-of-funds just made its first public venture bet on Central Asia’s startup boom

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Kazakhstan’s Alem Capital Management has anchored a regional venture capital fund backing technology startups across Central Asia and the Caucasus, marking the fund-of-funds manager’s first publicly disclosed investment in the region’s startup ecosystem. Alem participated in the $25 million final close of Sturgeon Capital’s Emerging Opportunities II fund, joining existing and new investors including the […]

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Swiss startup Prem AI is raising $100M so hedge funds and law firms can own their AI instead of renting it

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Prem AI, a Swiss startup that helps hedge funds and law firms run AI models on their own infrastructure, is raising $100 million in a Series A at a valuation of at least $500 million. The company expects to close the round in the third quarter. CEO and founder Simone Giacomelli said the pitch is […]

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Poland bought a stake in ElevenLabs to grow its next AI champion

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Poland produced one of the world’s most valuable AI companies almost by accident. Now it is spending public money to make sure the next one stays closer to home. Vinci, the venture arm of Poland’s state development bank BGK, has taken an $11mn stake in ElevenLabs, the AI-voice firm valued at $11bn. The same day, […]

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Andrew Yang says the next startup wave isn’t building AI. It’s lowering the cost of living.

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Andrew Yang thinks the biggest startup opportunity of the next decade is not building AI. It is lowering the cost of living for the people AI is about to displace. In a TechCrunch interview, the former presidential candidate and UBI advocate laid out a thesis: as AI compresses wages and eliminates entry-level jobs, the market […]

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Anthropic is spending $150 million to embed 1,000 AI fellows inside nonprofits. No degree required.

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Anthropic is donating $150 million to place 1,000 AI fellows inside nonprofit organisations across the United States. The programme, called Claude Corps, will pay early-career workers $85,000 plus benefits for a year-long placement where they help nonprofits use Claude more effectively. Applications opened Wednesday and close on July 17. No college degree is required. Applicants […]

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Anthropic is spending $150 million to embed 1,000 AI fellows inside nonprofits. No degree required. Read More »

Bluesky launches group chats and pivots to communities as growth stalls at 44.8 million users

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Bluesky launched group chats on Thursday and outlined a broader pivot toward community features, a strategic shift for a social network that has so far focused on open public posting. Group chats support up to 50 people in the current release. The company says it may increase that limit later. The feature arrives in version […]

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The most AI-obsessed companies spend $7,500 per employee per month. The median spends $11.

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The top 1% of US companies by AI adoption spend $7,500 per employee per month on AI tools and compute. The median firm spends $11.38. That 680x gap, drawn from the Ramp AI Index, is the clearest picture yet of how unevenly AI spending is distributed across American business. Ramp describes the top 1% as […]

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The most AI-obsessed companies spend $7,500 per employee per month. The median spends $11. Read More »

Legal AI startup Legora opens in Madrid, Milan, and Paris as it targets 700 European employees within a year

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Legora, the agentic AI platform for legal professionals, is opening offices in Madrid, Milan, and Paris during Q3 2026, alongside a dedicated engineering hub in London. Hiring across all four locations has begun, with the company targeting a combined EMEA headcount of 700 within the next six to 12 months. The expansion follows a $600 million […]

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Vinted’s CEO says the US is an “enormous opportunity” as the $9B secondhand marketplace plots its Atlantic crossing

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Vinted, the Lithuanian secondhand marketplace valued at €8 billion after an €880 million secondary share sale in April, is pushing into the United States and sees an “enormous opportunity” in the American resale market, according to marketplace CEO Adam Jay. Speaking at London Tech Week on Sunday, Jay told CNBC that the shift toward secondhand […]

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Apple’s WWDC 2026 App Store changes let independent developers bundle subscriptions together

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Apple announced a sweeping set of changes to the App Store at WWDC 2026 on Monday, introducing cross-developer subscription bundles, group purchasing, enterprise volume licensing, and an AI-powered discovery system that recommends apps based on a user’s installed software. The updates represent the most significant structural changes to how developers sell and market apps since […]

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