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Multiverse Computing targets a $570m Series C at a $1.7bn valuation to cut AI costs

Spanish deeptech company that shrinks large language models wants investors to bet that efficiency, rather than sheer scale, is where the next stretch of AI money gets made. Multiverse Computing, based in San Sebastián in Spain’s Basque Country, has opened a Series C round targeting up to $570m (€500m), the company said on July 27. […]

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Trump’s data centre power pledge draws scepticism from energy experts

On July 23, President Donald Trump stood in the White House and promised that electricity bills for American families would “actually come down,” even as power-hungry AI data centres spread across the grid. T he vehicle was an expanded version of the Ratepayer Protection Pledge, a voluntary scheme first unveiled in March. What energy analysts […]

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SoftBank is reportedly weighing a deal for Swiss robotics startup Gravis

Gravis Robotics, an ETH Zurich spinout, fits autonomy kits to excavators. A tie-up would extend Masayoshi Son’s robotics buying spree from the factory floor to the building site. SoftBank is weighing a deal for Gravis Robotics, a Swiss startup that fits excavators and diggers with the sensors and software to run themselves, according to Bloomberg. The […]

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Jensen Huang calls the AI jobs panic ‘complete nonsense’, and takes aim at his peers

Jensen Huang has heard the warnings. He is not buying them. The Nvidia chief runs the world’s most valuable company on the back of the AI boom. So when he calls the darkest predictions about that boom “complete nonsense,” it is worth asking whether he is right, or just talking his book. In a wide-ranging […]

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Adecco’s CEO says AI is changing jobs, not destroying them

Denis Machuel runs the world’s largest staffing company, which makes his read on the labour market worth pausing over. This week the Adecco Group chief executive offered it plainly: artificial intelligence is remaking work, but it is not about to empty the offices. “AI is bringing a massive evolution in the world of work, but […]

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Big Tech’s AI spending is catching up with its cash flow

The four largest US technology companies are on course to spend close to $700bn on artificial intelligence infrastructure this year, and the cost is starting to show up in the one figure that is hard to dress up: free cash flow. An analysis by Reuters, found that combined capital spending across the major cloud operators […]

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Water UK says AI data centre plans ignore where the water comes from

Britain wants to triple its data centre capacity by 2030. The trade body for the country’s water companies has told ministers there is not enough water to run them. Water UK, which represents England’s water suppliers, told MPs this week that the government’s growth agenda barely accounts for what those machines will drink. Data centres […]

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Netflix wants ‘AI fluency’ from everyone, but craft is still scarce

When Elizabeth Stone talks about the future of work at Netflix, she keeps circling back to a phrase that is easy to say and hard to pin down. Speaking on Lenny’s Podcast in mid-July, the streamer’s chief product and technology officer described “AI fluency” as an aspiration for every employee, a skill she wants spread across […]

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SpaceX pushes Starship Flight 13 to Thursday after aborted countdown

SpaceX has moved the next launch attempt of its Starship rocket to Thursday, 23 July, the latest delay for a flight that has now been scrubbed once and rescheduled twice. The company had been targeting Monday evening from its Starbase site at Boca Chica in Texas, and said it needed more time to finish work […]

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Data centre backlash goes national as protests hit 42 US states

On Saturday, American opposition to data centres stopped being a scatter of zoning-board arguments and started behaving like a movement. More than 140 rallies across 42 states unfolded under a single banner, in what organisers billed as the first national day of action against the industry pouring the concrete for artificial intelligence. The rallies were coordinated […]

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