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Texas AG sues Netflix over alleged spying and addictive design

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Attorney General Ken Paxton filed the suit on Monday, alleging Netflix collects user data without consent and uses autoplay to keep children watching. Netflix calls the suit meritless. Texas Attorney General Ken Paxton sued Netflix on Monday, alleging the streaming company collects user data without consent and designs its platform to be addictive, particularly for […]

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Nscale secures $790m financing for Narvik AI data centre

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Nscale, the vertically integrated AI-infrastructure company, has secured an additional $790m of debt financing to continue building out its AI data centre in Narvik, northern Norway, the company said on Monday. The committed facility was provided by ABN AMRO, DNB, Eksfin (Export Finance Norway) and Nordea, with Skandinaviska Enskilda Banken (SEB) acting as Mandated Lead […]

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Happl raises $11m Series A to scale its global benefits operating system

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Happl, the London- and New York-based provider of an AI-native employee-benefits platform for multinational employers, has raised $11m in a Series A round. The round was led by Portage Ventures, with participation from F Capital and continued backing from Y Combinator, 6 Degrees Capital, Haatch, and Ventures Together. The investment will be used to accelerate […]

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GitLab is cutting jobs for the agentic era. It does not yet know how many.

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  GitLab is cutting jobs to invest in AI agents. The company announced on Monday that it will flatten management layers, reorganise its research and development teams into roughly 60 smaller autonomous units, reduce its country footprint by approximately 30 per cent, and use AI agents to automate internal reviews, approvals, and handoffs. CEO Bill […]

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GitLab is cutting jobs for the agentic era. It does not yet know how many. Read More »

Wise left London for Nasdaq. It is also applying for a US banking charter. The migration is not just a listing change.

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  Wise began trading on Nasdaq on Monday under the ticker WSE. Shares opened at 15.96 dollars. The London-founded fintech, which went public on the London Stock Exchange in July 2021 via a direct listing that valued it at 11 billion dollars, has moved its primary listing to New York while keeping a secondary listing […]

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Wise left London for Nasdaq. It is also applying for a US banking charter. The migration is not just a listing change. Read More »

ZoomInfo beat earnings, cut 600 jobs, and lost 29 per cent of its stock price. Its database is being repriced by AI.

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  ZoomInfo beat its first-quarter earnings estimates, cut its full-year revenue guidance by 62 million dollars, announced a restructuring that will eliminate 600 jobs, and lost 29 per cent of its stock price in a single trading session. The company reported 310.2 million dollars in revenue, up 1.5 per cent year over year. Adjusted earnings […]

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ZoomInfo beat earnings, cut 600 jobs, and lost 29 per cent of its stock price. Its database is being repriced by AI. Read More »

Bill Gates’s backed Fervo Energy raises IPO target to $1.82bn on $7.4bn

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The geothermal developer increased its share count by 26% and its top-of-range price by about 8% in an SEC filing on Monday. The revision points to the demand for clean baseload power that AI data-centre buyers have been ready to pay for. Fervo Energy raised its IPO target on Monday to as much as $1.82bn, […]

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A $13,500 Unitree robot was ‘ordained’ at Seoul’s Jogyesa Temple

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At about ten in the morning on Wednesday, in the courtyard of Daeungjeon Hall at Jogyesa, a 130-centimetre humanoid in brown robes pressed its palms together and bowed. A monk asked the figure whether it would devote itself to the holy Buddha. The reply, in a recorded voice supplied by a temple manager, was “Yes, […]

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Europe’s cumulative EV investment passes €200bn

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New AutoMotive’s data tracker, reported by Reuters on Sunday, marks the threshold and puts the question to industrial policy: how much of the headline number will end up producing cells at scale, given that roughly 600 GWh of announced European battery capacity has already been delayed or cancelled. Europe has now invested cumulatively €200bn into […]

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Amazon prepares its first Swiss franc bond in six-part AI-capex push

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BNP Paribas, Deutsche Bank and JPMorgan have the mandate. Maturities run from three years to 25 years. The trade follows Alphabet’s record Swiss issuance in February and Amazon’s $37bn dollar deal in March, and is the latest demonstration that hyperscalers are now multi-currency borrowers. Amazon is preparing its first-ever Swiss franc bond issuance, Bloomberg reported […]

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