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Every few years, someone promises to abolish the hard drive. The latest is Space, a San Francisco startup coming out of stealth with $2.4m in pre-seed funding and an unusually literal pitch: a distributed filesystem that lets people and AI agents work across petabytes of live data while using, the company claims, zero local disk […]
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Cursor started rolling out Origin, its own code hosting platform, on Monday morning. About three and a half hours later GitHub fell over. The order matters, because most of the internet reversed it. Matt Palmer works at Cursor. He quote-tweeted his own company’s launch with a line that then travelled further than the product. Cursor […]
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Cursor Origin is on by default for paid users, and its data terms are unpublished Read More »
Wispr has raised $280mn at a $2bn valuation. Menlo Ventures led the round, having led the last one too. Total funding now stands at $361mn. The company makes Wispr Flow, a dictation app that turns speech into cleaned-up text in whatever application your cursor happens to be in. Reuters reports the previous round valued it […]
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Wispr raised $280mn at $2bn to argue the text box is finished Read More »
Aachen-based amber has closed a €7mn Series A. Ventech co-led it with NRW.Venture, the venture arm of NRW.BANK. NRW.BANK is the development bank owned by the German state of North Rhine-Westphalia. By the standards of this year’s AI rounds, €7mn is small. The argument behind it is not. amber connects and structures a company’s internal […]
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Aachen’s amber raised €7mn to sell AI sovereignty to the Mittelstand Read More »
Higgsfield has raised $400mn at a $5.4bn valuation. DST Global led the round. Goldman Sachs, Intel Capital, and Liberty Global Tech Ventures all took part, alongside Tribe Capital, Smash Capital, Fifth Wall, Valor Capital, Mirae Asset Capital, and NTT DOCOMO Ventures. The company was valued at $1.3bn in January. That is roughly four times higher […]
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Higgsfield raised $400mn at $5.4bn, four times its January valuation Read More »
Luna runs Andon Market, a shop at 2102 Union Street in Cow Hollow. Andon Labs, the safety startup behind it, reported the dismissal on Thursday. Business Insider’s Katherine Li first reported the decision and interviewed the lab. Luna is built on Anthropic’s Claude Sonnet 4.6. The headline writes itself. The conversation logs say something else. […]
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The AI store manager fired its first human. It had to be reminded of its own rules first Read More »
Emma Rapaport and Paul Smith reported the markdown for the Australian Financial Review on 14 August. The figure appears two ways and both are correct. It is $7.1bn in US dollars, and A$10bn, which is the number most headlines carried. The cut takes Blackbird and Airtree’s mark from $42bn to $34.9bn, a drop of 17%. […]
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Canva’s backers cut $7.1bn from its valuation, and its own valuer cut more Read More »
The Industrial Accelerator Act arrived on 4 March 2026 as COM(2026)100, alongside an impact assessment and three staff working documents, per the European Commission. Its formal title says what it is for. It establishes a framework for accelerating industrial capacity and decarbonisation in strategic sectors. It is a proposal, not a law. It is now […]
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Europe’s ‘Made in EU’ rules start at 5%, and they do not mention software Read More »
The Airbnb chief executive made the argument on the Yahoo Finance podcast Power Players with Brian Sozzi this week. His diagnosis has two parts. “I think part of it’s a narrative issue that we’re not talking about AI correctly,” he said. The second part is the product. “We need to actually be developing more products […]
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Airbnb’s CEO says nobody builds AI for normal people. He is on Y Combinator’s board Read More »
Accel is a venture capital firm. It gives money to startups early, usually before anyone else has, and takes a stake in return. It has done this since 1983, and it wrote the first institutional cheque into Atlassian, CrowdStrike, Flipkart and Slack. On Tuesday it said it had raised $3.5bn for four new funds, Bloomberg […]
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Accel raised $3.5bn. Europe now gets the same fund as the US Read More »