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The Huntington Beach defence-tech startup, run by a 22-year-old MIT dropout, has raised a $300M Series C at a $1.8bn valuation, nearly 4x its mark from June 2025. Mach Industries, the three-year-old defence-tech startup run by 22-year-old founder and chief executive Ethan Thornton, has raised a $300m Series C at a $1.8bn valuation, nearly four […]
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Alphabet is raising $80bn in equity, an unusually large sum for a company that has rarely needed to ask. The Google parent announced the plan on Monday to help fund what it called investment in world-class AI compute infrastructure to meet unprecedented customer demand, and the structure of the raise is as telling as the […]
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Alphabet to raise $80bn in equity to fund its AI spending Read More »
GoPro warned on Monday that there is “substantial doubt about the company’s ability to continue as a going concern.” The action-camera maker reported a 26% revenue decline in Q1 and expects to breach several loan covenants. Shares fell as much as 14%. The cause is memory. GoPro said its earnings forecast has been “significantly impacted” […]
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Hackers hijacked Instagram accounts over the weekend by tricking Meta’s own AI-powered support chatbot into granting them access. The attack required no access to the victim’s email, no phishing link, and no malware. The hacker simply asked the chatbot to add a new email address to someone else’s account. A video posted on X showed […]
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Anthropic has confidentially submitted draft registration paperwork for an initial public offering with the Securities and Exchange Commission, the company announced in a blog post on Monday. The number of shares to be offered and the price have not been set. The filing positions Anthropic to potentially reach the public market as soon as this fall, […]
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Salesforce has signed a definitive agreement to acquire Contentful, the API-first headless content management platform used by more than 4,800 enterprises to deliver digital experiences across web, mobile, and emerging channels. The deal, announced on Sunday, does not disclose financial terms. Contentful was last valued at more than $3 billion in a 2021 Series F round […]
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LG Electronics shares have quadrupled this year. The stock hit its 30% daily limit for a second consecutive session on Monday after reports that LG Group Chair Koo Kwang-mo will meet Nvidia CEO Jensen Huang on 5 June. The meeting will focus on expanding cooperation in physical AI. The rally began last week when LG […]
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If you have been meaning to register for the TNW, Oneflow & Flexas Gathering Amsterdam and have not got round to it, this is the moment. The event takes place on Wednesday 3 June at De Weesper on Weesperstraat, and the guest list is nearly full. Tickets remain free, but only for as long as there […]
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Two days to go: TNW’s Amsterdam gathering on what it takes to win in AI-native SaaS Read More »
Internal documents show the Model Capability Initiative captures emails and chats US employees exchange with European colleagues, putting the AI-agent training programme on a collision course with GDPR. Meta’s Model Capability Initiative, the surveillance programme it deployed across US employee workstations in April to capture keystrokes, mouse clicks and screen contents for AI-agent training, is […]
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European tech has a confidence problem that has little to do with its results. The companies are there, the exits are there, and yet the dominant story has long been one of catching up to Silicon Valley. Balderton Capital wants to change the register. On Monday it launched “Built in Europe,” a campaign backed by […]
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Revolut, Mistral and Wayve founders back Balderton’s ‘Built in Europe’ push Read More »