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Italy’s largest vertical SaaS round: Smartness raises €47M to scale AI operations

Trentino-based Smartness tech travel startup has just raised €47 million Series B, in a round including primary and secondary equity and debt, being the largest round completed for an Italian vertical SaaS company. Smartness is a tech company that offers business-to-business (B2B) Software as a Service (SaaS), offering several products to hospitality businesses, to facilitate […]

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SK Hynix jumps 12% as Big Tech doubles down on AI memory

A $725bn hyperscaler capex ramp and a 20% HBM price rise have made the South Korean chipmaker the second-most valuable company on the KOSPI. The harder question is when supply catches demand. There is a small joke in semiconductor circles about which part of an AI server is most expensive. The graphics processor used to […]

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Anthropic and Wall Street are building a $1.5bn pipeline into private equity

A joint venture with Blackstone, Hellman & Friedman, Goldman Sachs, and General Atlantic will sell Claude into the buyout firms’ portfolio companies. OpenAI’s DeployCo arrived first; this one is bigger. There is a kind of business school question that has been quietly answered over the past month, without anyone formally asking it. The question is: […]

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Samsung swaps its TV chief for the first time in two years as TCL closes in

Won-Jin Lee, a marketing veteran, takes over the Visual Display business after a quarter of declining TV profits. His predecessor moves to AI and robotics. Samsung Electronics has changed the head of its television business for the first time in more than two years, an unusually direct admission that something is not quite right at […]

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OpenAI just turned ChatGPT into the backend for the most popular open-source project in history. Anthropic banned it.

  Sam Altman posted on X at 2:33 a.m. on 2 May: “you can sign in to openclaw with your chatgpt account now and use your subscription there! happy lobstering.” The announcement, delivered with the casual register of a founder pushing a minor product update, is anything but minor. OpenAI has made its ChatGPT subscription […]

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OpenAI just turned ChatGPT into the backend for the most popular open-source project in history. Anthropic banned it. Read More »

The Academy has not banned AI from the Oscars. It has defined what it means to be the author of a film.

The Academy of Motion Picture Arts and Sciences announced new eligibility rules on 2 May for the 99th Academy Awards, and the two that matter most are about seven words each. Acting nominations will be limited to roles “demonstrably performed by humans with their consent.” Screenplays must be “human-authored.” Producers will be required to sign […]

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The Academy has not banned AI from the Oscars. It has defined what it means to be the author of a film. Read More »

Tim Cook returned $1 trillion to shareholders. John Ternus is being given permission to keep it.

  For nearly 15 years, Apple’s financial strategy has been defined by a single number: more than $1 trillion returned to shareholders through stock buybacks and dividends. Tim Cook inherited a company sitting on a cash mountain that Steve Jobs had accumulated out of institutional memory of near-bankruptcy in the 1990s. Cook reversed Jobs’ stance […]

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Tim Cook returned $1 trillion to shareholders. John Ternus is being given permission to keep it. Read More »

Y Combinator built its empire on software. Its latest investment thesis says the garage is no longer enough.

Y Combinator published its Summer 2026 Request for Startups in late April, just days before the application deadline. The document lists 15 categories of companies that YC’s partners want to fund. Eight of them require capital, hardware, or both. The list includes AI for low-pesticide agriculture, counter-swarm drone defence, inference chips for space, lunar manufacturing […]

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Y Combinator built its empire on software. Its latest investment thesis says the garage is no longer enough. Read More »

Musk’s case against OpenAI lands roughly in its first week

Three days of cross-examination in Oakland produced a $130bn lawsuit’s most awkward admissions, including that xAI trains on OpenAI’s models. The judge, not the jury, will decide. Elon Musk took the stand in Oakland on Tuesday with a story he has been telling for two years. He had founded OpenAI in 2015, he said, to […]

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Why a Canadian bank is trying to predict earthquakes with quantum computers

BMO has filed a provisional patent on a quantum algorithm for seismic forecasting, and is sending mobile branches to wildfire zones with AI dispatch. The bank says it is the future of risk. Banks are not, as a rule, in the earthquake business. They are in the business of pricing risk, which is adjacent. Still, […]

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