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Getty Images files for bankruptcy, pushes ahead with plan to go private

Getty Images filed for Chapter 11 bankruptcy in Delaware on Wednesday. The Getty family and Koch Equity Development will put in up to $533M and own the whole company, which expects to finish the process by year-end. The filing follows a failed Shutterstock merger and growing competition from AI images. Getty Images filed for Chapter […]

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Electronic Arts to cut 400 jobs and shut down Mass Effect studio BioWare

Electronic Arts will close BioWare, the studio behind Mass Effect and Dragon Age, and cut about 400 jobs, roughly 3% of staff, Bloomberg reported. The next Mass Effect game and a planned Sims project are cancelled. EA went private in a $55B buyout in August. Electronic Arts will shut down BioWare, the studio behind the […]

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Swedish legal AI firm Legora raises $550M led by Atreides at $8.8B valuation

Swedish legal AI startup Legora has raised $550 million in a Series E funding round, bringing its valuation to $8.8 billion. US investment firm Atreides Management led the round, with several new and existing investors participating. Five new investors joined the round: Baron Capital, Capital Group, Fidelity Management & Research Company, Glade Brook Capital Partners, […]

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Protesters heckle Huang in Berlin over Nvidia chips in Russian drones

Protesters interrupted Jensen Huang’s keynote at Nvidia’s GTC Berlin conference on Wednesday, asking what the company is doing about Nvidia chips reported in Russian drones. Security staff led them out, and Nvidia’s chief executive carried on with his talk. The protesters stood on chairs and held up a banner with a Greenpeace logo. It told […]

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Meta’s policy chief Joel Kaplan will leave the company in 2027

Joel Kaplan, Meta’s chief global affairs officer, will leave the company in 2027 after more than 15 years, Bloomberg reported. He will stay through the US midterm elections. No successor was named, but president Dina Powell McCormick and chief legal officer C.J. Mahoney are taking on more policy work. Joel Kaplan, Meta’s chief global affairs […]

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Daytona CEO Ivan Burazin says it grows 51% a month with no salespeople

Daytona runs sandboxes for AI agents, co-founder and chief executive Ivan Burazin told TNW. Its users include Meta, Cohere and Handshake, and the company has about 30 employees. Burazin, a Croatian citizen, started Daytona with two co-founders, one of whom he has worked with for almost 20 years. Before Daytona, he co-founded Codeanywhere, a cloud […]

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Revolut outage leaves customers unable to use app or cards

Revolut customers across Europe were unable to open the fintech’s app or pay with their cards on Tuesday morning, after a service disruption hit several of its features. Outage tracker Downdetector logged more than 1,500 reports at that point, and users in the UK, France, Romania and Spain said they could not move money, while […]

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Germany signs AI partnership with Nvidia at Berlin investment summit

At the Invest in Germany Summit in Berlin, the German government entered into an agreement with Nvidia on Monday, when Chancellor Friedrich Merz opened the two-day event by addressing Jensen Huang, Nvidia’s CEO. The economy ministry has entered into a memorandum of understanding with the chipmaker but has provided no further details; the agreement comes […]

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Exclusive: Coherence Quantum raises €2.78M to cut the heat inside quantum computers

Think of a quantum computer as a very delicate machine that needs to operate in extreme cold. The processor is the part that does the actual computing, but it needs a lot of supporting equipment to work. The processor sits inside a special refrigerator that cools it to temperatures close to absolute zero. Cables run […]

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Apple sets 28 October event, expected to bring its first touchscreen Mac

Apple has confirmed a “Pro and tell” event in Los Angeles on 28 October. Bloomberg reports it will show its first touchscreen MacBook Pro with an OLED screen, an entry-level M6 MacBook Pro, a new iMac and an OLED iPad mini. Apple has not confirmed any products. Apple will hold a launch event in Los […]

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