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Nexperia will make chips in India with Tata as it splits from Wingtech

“We are thrilled to partner with Nexperia for manufacturing their products at our semiconductor facilities in Dholera and Jagiroad,” said Randhir Thakur, chief executive of Tata Electronics. The Dutch chipmaker and the Indian manufacturer announced a partnership on Thursday covering chip production and packaging in India. They issued the joint statement from Nijmegen and New […]

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Revolut plans a dual London and Nasdaq listing, Storonsky tells Les Echos

“In reality, we are currently planning a dual listing, on the London Stock Exchange and the Nasdaq,” Nik Storonsky told Les Echos. The Revolut founder was in Paris on Monday. Gabriel Nédélec and Ingrid Feuerstein interviewed him for the French paper, which published on Thursday. It is the first time he has pointed to a […]

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Ex-Palantir engineers raise $600m to take on US health insurers

“We did not set out to build another health insurance company,” said Ty Wang, co-founder and chief executive of Angle Health. The aim, he told the Wall Street Journal, was to stop “this kind of death spiral of cost within our healthcare system.” His company has just raised $600m at a $2.7bn valuation. Vitruvian Partners […]

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Huawei’s chairman says Chinese AI can’t yet see the risks it should fear

“Maybe the type of risk from AI that they can feel, they can perceive, is something that people in China or AI model providers in China cannot,” Eric Xu said in Shanghai this week. Huawei’s rotating chairman was talking about American AI labs. His argument is that Chinese developers have not yet hit the safety […]

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Treble raises $18m to give physical AI a sense of hearing

“AI models and devices that perform well in a laboratory can struggle when they encounter reverberation, background noise, or an unfamiliar physical environment,” said Finnur Pind, co-founder and chief executive of Treble Technologies. The Reykjavík company has raised $18m, about €15m, in a Series A-2 round, it announced on 17 September. Paladin Capital Group led […]

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Oversight Board orders Meta to remove a deepfake of a UK councillor

Meta’s rules on AI deepfakes are “consistently and fundamentally inadequate to address the rapid rise of AI-generated content”, the Oversight Board said on 17 September. The board ordered Meta to remove two AI-generated videos from Facebook. The first ruling covers a UK local politician, and the board published the full decision. The second ruling covers […]

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Spain’s data watchdog reports its first breach carried out by an AI agent

“The arrival of AI agents in offensive activity must drive an immediate review of security and data protection models,” wrote Francisco Pérez Bes of Spain’s data protection agency, the AEPD. The AEPD has received its first notification of a personal data breach carried out with an AI agent. Pérez Bes announced it in an agency […]

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EU-backed Scaleup Europe Fund in talks to invest in ElevenLabs

The Scaleup Europe Fund, a €5bn growth fund backed by the European Commission, is in discussions to invest in the voice AI company ElevenLabs, according to Bloomberg. The report says ElevenLabs aims to raise over $500 million in this funding round. Talks are ongoing, and there is no guarantee a deal will happen, according to […]

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EU proposes Kids Act banning social media for under-13s and capping teen use at an hour a day

Strasbourg – The European Commission has proposed a draft of the EU KIDS Act to prevent children under 13 from using social media across the EU and to stop anyone under 15 from creating an account. The EU KIDS Act, adopted in Strasbourg on Thursday, also requires platforms to show that their services are safe […]

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Novo will test Anthropic’s Claude Science to speed up drug discovery

“Joining forces with Anthropic will supercharge our R&D organisation and help us on our mission to bring new, transformative health solutions to people living with chronic diseases,” said Mike Doustdar, president and chief executive of Novo. The Danish drugmaker, formerly branded Novo Nordisk, and Anthropic announced a collaboration on 16 September, according to Novo’s announcement. […]

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