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The ECB moved to rein in Revolut’s ‘self-guided missiles’, just as a share sale values it at $115bn

The European Central Bank quietly moved to rein in Revolut last year, restricting Europe’s most valuable fintech from launching new products across the European Economic Area over concerns about how fast it approved them, the Financial Times reported on Wednesday. The intervention had not been disclosed before. The ECB paused Revolut’s European arm from releasing […]

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The three sets of earbuds I reach for

I have been an audio reviewer for 20 years. My time as a freelance headphones panelist at Wirecutter, and the multitude of reviews I’ve written for sites like Reviewed, Digital Trends, IGN, and now The Verge, have given me the chance to listen to hundreds of earbuds. Some were truly excellent, and some were pretty […]

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Icertis veterans raise $7.55 million to build the AI layer that recovers money enterprises don’t know they’re losing

Rivvun AI, a Seattle-based startup founded by former senior executives at contract management platform Icertis, has raised $7.55 million in an oversubscribed seed round co-led by Sitara Capital and 3one4 Capital. The company is building what it calls an autonomous AI execution layer that sits between enterprise systems and recovers money lost in the gap […]

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Meta signs its first India data-centre deal, leasing a 168MW AI facility from Reliance

Meta has agreed to lease a 168-megawatt, AI-ready data centre in India from Mukesh Ambani’s Reliance Industries, its first such facility in the country. Reliance will build the site in Jamnagar, Gujarat, and Meta will lease it with an option to scale, the companies said on Tuesday. “This world-class facility in Jamnagar will help us […]

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TensorWave raises $350M led by AMD to build an Nvidia-free AI cloud

TensorWave, a cloud provider that runs its AI data centres on AMD chips rather than Nvidia’s, has raised $350M in a Series B round led by AMD and the hedge fund Magnetar Capital. The deal values the Las Vegas startup at $1.55bn. That is nearly four times the roughly $400M valuation it carried a year […]

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