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Anthropic picks Morgan Stanley and Goldman Sachs to lead its IPO, with a SpaceX computing deal worth $1.25 billion per month buried in the fine print

Anthropic has selected Morgan Stanley and Goldman Sachs to lead its initial public offering, with JPMorgan Chase also working on the deal, Bloomberg reported on Tuesday. The Claude developer is weighing going public as soon as October after filing confidentially for a listing on Monday. More banks could be added to the lineup, and details of […]

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Anthropic picks Morgan Stanley and Goldman Sachs to lead its IPO, with a SpaceX computing deal worth $1.25 billion per month buried in the fine print Read More »

The EU is asking households to cut electricity use during peak hours because AI data centres are straining the grid

The European Commission has called on households across the bloc to reduce electricity consumption during peak hours, citing the rapid growth of AI data centres, accelerating electrification, and rising overall digital infrastructure demand as factors straining European power grids. The Commission simultaneously published a Data Centre Energy Efficiency Package on 3 June that introduces a […]

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EU tech sovereignty package: chip emergency powers and curbs on US cloud

The Commission’s ‘AI continent’ rhetoric sits atop draft laws that would let it override chip supply contracts and keep US providers away from sensitive government data. The European Commission unveiled its long-delayed technological sovereignty package on Wednesday, a bundle of four measures meant to loosen the bloc’s dependence on American and Asian technology across semiconductors, […]

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Suno raises at a $5.4bn valuation, more than doubling its worth in six months

Eighteen months ago Suno was the AI company the music industry wanted to destroy. Every major record label had sued it, accusing it of training its models on copyrighted songs without permission. Now the labels are its partners, and investors have repriced the company accordingly. Suno has raised new capital at a $5.4bn valuation, more than […]

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Lovable makes Google Cloud a primary partner to win over corporate buyers

The Swedish app-builder, processing a million new projects a week, is making Google Cloud a primary partner, with Gemini models and a security layer aimed at corporate buyers. The pitch behind Lovable has always been that anyone can build software by chatting with an AI. The harder pitch, the one that turns a viral tool […]

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EU court frees Meta’s Marketplace from gatekeeper rules but keeps Messenger in

The General Court annulled the Commission’s designation of Marketplace under the Digital Markets Act, faulting its reasoning, while upholding the same label for Messenger. Meta walked into the EU’s General Court asking it to strike down two gatekeeper labels and walked out having shed one. On 3 June the Luxembourg court annulled the European Commission’s […]

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Factorial raises $150M at a $2.5bn valuation, with General Catalyst betting twice

General Catalyst has decided it wants exposure to Factorial in two ways at once. The Barcelona software company has closed a $150M Series D led by the firm at a $2.5bn valuation, and General Catalyst is committing a further $540M through a separate vehicle that ties its return to the value Factorial creates for customers […]

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Factorial raises $150M at a $2.5bn valuation, with General Catalyst betting twice Read More »

DeepSeek lines up its first outside money: a $7bn round at up to $59bn

DeepSeek has spent eighteen months as the most talked-about AI lab that almost nobody could invest in. That is about to change. The Chinese startup is slated to raise roughly 50 billion yuan, about $7bn, in its first external funding round, according to people familiar with the matter, in a deal that would value it […]

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DeepSeek lines up its first outside money: a $7bn round at up to $59bn Read More »

UK regulator imposes new rules on Google search, including an AI-training opt-out

Britain’s competition regulator has stopped consulting and started ordering. On Wednesday the Competition and Markets Authority imposed new conduct requirements on Google’s search services, the first concrete obligations to follow from its decision to designate the company as holding strategic market status. Among them is a provision with sharp implications for the AI era: publishers will […]

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GitLab to cut 14% of staff and exit 22 countries in ‘agentic era’ restructuring

GitLab is cutting about 14% of its full-time workforce, roughly 350 people, and pulling out of 22 countries, based on their report for the first quarter of the fiscal year 2027,  in which it grew revenue 23% and beat Wall Street’s expectations. The restructuring, the company said, is meant “to realign its operating structure to […]

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