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Stability AI raises $76mn from Universal, Warner, Sony Music and EA

The world’s three largest record companies have bought equity in a generative AI company. Universal Music Group, Warner Music Group and Sony Music Group are all new investors in Stability AI’s $76mn Series B. The company announced the round on Tuesday. The games publisher Electronic Arts joined it, alongside AMD Ventures and Pacific Alliance Ventures. […]

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Parents can now watch their teen’s Uber ride live, through the driver’s phone

Uber is rolling out live video streaming of teen rides in the US, using the driver’s phone as the camera and sending the feed to linked parent accounts. Other passengers in the car appear on the stream and are given no way to opt out. Uber is putting a camera in the car, and it […]

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Waymo is coming to Munich, with commercial service targeted for late 2027

Waymo has announced it is laying the groundwork for autonomous ride-hailing in Munich, starting with high-definition mapping and manual driving in the coming weeks. It aims to open a commercial service to the public toward the end of 2027. Munich is getting robotaxis, though not for a while. Waymo says it is laying the groundwork […]

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Scalable Capital connects €60bn of client assets to outside AI assistants

Scalable Capital has opened its investment platform to ChatGPT and Claude, allowing its clients to analyse their portfolios and place trades through the two AI assistants rather than through the broker’s own app. The Munich company says it is the first European bank to do this, and it arrives as the industry works out what […]

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UK digital infrastructure investment hit £11.2bn in 2025

Britain’s businesses put £11.2bn into digital infrastructure last year, roughly three times what the official measure had been reporting. The jump in UK digital infrastructure investment did not come from a building spree. Almost none of the difference is new money. The Office for National Statistics changed what counts on Monday. What the ONS actually […]

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Fresh from €1.2bn, NEURA buys its second company in eleven days

NEURA Robotics is buying a company that makes cleaning robots, and says it wants to replace their brains. The German firm is acquiring 100% of Adlatus Robotics, an Ulm maker of autonomous cleaning and sweeping machines. It announced the deal on Monday, datelined Stuttgart, Hamburg and Ulm. Neither company disclosed a price. What Adlatus already […]

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UPS is investing more than $2bn across international, healthcare and supply chain

UPS has told CNBC it is investing more than $2bn across its international, healthcare and supply chain businesses, spending that began in 2024 and runs to 2028. The same company cut about 48,000 roles last year and said in January it would cut 30,000 more. UPS has put a figure on something it had been […]

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Apollo finds AI is hitting paychecks rather than payrolls

An Apollo analysis of 321 occupations found that wages in jobs highly exposed to AI grew 6.7% more slowly after 2023, with no statistically significant employment effect. The gap was 10.7% in the lowest-paid quartile and absent in the highest. The first measurable mark AI has left on the labour market is not unemployment. Apollo’s […]

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China’s AI and chip firms are handing out shares to keep their engineers

Chinese chip companies are running unusually broad equity schemes to keep engineers, with Cambricon covering 85.3% of its workforce and AMEC more than 97%. Europe’s semiconductor sector has a talent gap estimated at 65,000 workers. Chinese chip companies are giving away equity at a scale that looks less like a bonus scheme and more like […]

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Apple paid 40% of its global tax bill to one country

Apple paid Ireland $17.1bn in tax last financial year. That is around 40% of everything it paid in corporate income tax anywhere in the world. The figure comes from a company filing that breaks Apple’s tax down country by country, Reuters reported from Dublin. Apple paid $43.2bn in income taxes worldwide in the year to […]

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