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New FTC data published Monday show that nearly 30% of all reported scam losses last year began on social media. Investment scams alone cost $1.1 billion. Shopping scams were the most frequently reported. Romance scams started on social media in 60% of reported cases. All age groups except the over-80s lost more to social media […]
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Social media scams cost Americans $2.1 billion in 2025 Read More »
The world’s largest EV battery maker priced its Hong Kong listing at HK$263 in May 2025. Its shares touched HK$701 before the placement was announced. The deal builds on a week of shareholder activity: a Sinopec unit sold $770M of CATL stock at HK$708 on 22 April; a Shenzhen block trade of 58 million A-shares […]
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The world’s largest EV battery maker is raising $5 billion in Hong Kong Read More »
Iran’s strike on SABIC’s Jubail petrochemical complex in early April halted production of the resin used to make PCB laminates. Goldman Sachs analysts say prices surged 40% in April alone. A South Korean supplier to Samsung and AMD says epoxy resin wait times have stretched from three weeks to fifteen. The Iran war that began […]
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The Iran war is hitting the AI supply chain where it hurts Read More »
Jury selection begins Monday in Oakland federal court for the trial that will determine whether OpenAI’s conversion from a nonprofit to one of the most valuable companies in the world was a breach of charitable trust. Elon Musk, who co-founded OpenAI in 2015 and donated at least $38 million to it, is suing Sam Altman, […]
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Brockman’s diary called it a lie. Now a jury will hear it. Read More »
The Hangzhou startup released preview versions of both models on Hugging Face on Friday. V4-Pro claims top performance on coding and maths among open models, trails only Gemini 3.1-Pro for world knowledge, and falls “marginally short” of GPT-5.4 and Gemini 3.1-Pro, a gap DeepSeek says is “approximately 3 to 6 months.” Both models are open-source. […]
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DeepSeek returns with V4-Pro and V4-Flash, a year after its ‘Sputnik moment’ Read More »
The $25B programme has no expiration date and sits on top of a December 2024 authorisation that still had $6.8B remaining. Netflix’s board approved it on 22 April. Shares rose 1.5% in premarket trading on the news, after falling as much as 10.8% following the Q1 report on 16 April. Netflix’s board authorised an additional […]
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Netflix authorises $25 billion share buyback after stock falls 10% on Q1 earnings Read More »
Sources tell Reuters that Bain is looking to sell a stake in BDC, Singapore-headquartered, with nine data centres across Malaysia, Thailand, and India, at a $5 billion valuation. Citi and JPMorgan are running the process. ByteDance is the anchor tenant. No deal has been agreed and talks are preliminary. Bain Capital is seeking a buyer […]
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Bain Capital seeks buyer for stake in Bridge Data Centres at $5 billion valuation Read More »
OpenAI is building a systems integrator channel for Codex, enlisting large consulting firms to carry the coding agent into organisations it cannot reach through direct sales. Cognizant and CGI are the first named SI partners in the programme, announced on the same day. Codex has grown 6x among ChatGPT Business and Enterprise users since January. […]
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OpenAI recruits Cognizant and CGI to take Codex into enterprise software shops worldwide Read More »
The Dublin and London-based fintech, founded by ex-Stripe and ex-Tide engineers, has processed over 100,000 transactions and 40,000 invoices across 80+ early customers. Its €7.5M seed round, led by 13books, brings total funding to €10M and opens the platform to any startup in the UK and Ireland. Seapoint, the AI-powered financial operations platform for startups, […]
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Seapoint raises €7.5M and opens to all UK and Irish founders Read More »
The “AI has killed software” narrative has a handful of very loud beneficiaries and a lot of quiet evidence against it. The companies that will survive the next five years are the ones that refuse to treat the hyperscalers as the new gods. Whenever I make an affirmation, I like to do my research first, […]
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Op-Ed: SaaS is not dead. You are just being sold the funeral Read More »