Startups and technology

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A Chinese model split Silicon Valley. Now the startups are fighting back.

Silicon Valley does not usually gang up on its own. This week it did. Nearly 200 US startups have urged the Trump administration not to block American access to Chinese open-weight AI models. A ban, they warn, would gut the next wave of US companies. The plea, first reported by Politico, came in letters from […]

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SoftBank is reportedly weighing a deal for Swiss robotics startup Gravis

Gravis Robotics, an ETH Zurich spinout, fits autonomy kits to excavators. A tie-up would extend Masayoshi Son’s robotics buying spree from the factory floor to the building site. SoftBank is weighing a deal for Gravis Robotics, a Swiss startup that fits excavators and diggers with the sensors and software to run themselves, according to Bloomberg. The […]

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Genesis AI is in talks to raise about $500m for its robot brains

Genesis AI, the startup building foundation models that it hopes will run inside a wide range of robots, is in talks to raise about $500m, according to Bloomberg. A round of that size would value the company at roughly $3bn, capping a fast climb for a business that only came out of stealth last summer. […]

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Khosla Ventures, first backer of OpenAI, is raising up to $5.5bn

Vinod Khosla likes to be early. His firm was the first outside investor in OpenAI, back when that was a strange thing to be. Now Khosla Ventures is raising money to do it again, at a scale it has never tried. The firm is in talks to gather as much as $5.5bn across a new […]

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IBM cuts full-year sales outlook after mainframe demand drops 42 percent in Q2

IBM cut its full-year sales outlook on Wednesday after reporting a sharp drop in demand for its mainframe business, lowering its revenue growth target to four to five percent from a prior forecast of more than five percent. The company also trimmed its software unit guidance, with CFO Jim Kavanaugh telling Bloomberg that annual software […]

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Meta avoids second social media addiction trial as teenage plaintiff drops case

Meta will not face a second jury trial over claims that its social media platforms are addictive to minors after the teenage plaintiff at the centre of the case chose to dismiss his claims. The boy, a 15-year-old from Panama City, Florida, was set to go to trial on July 27 in Los Angeles Superior […]

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Monday.com is cutting 20 percent of its workforce as it pivots to an AI work platform

Monday.com is cutting roughly 20 percent of its global workforce, about 620 people, as the Israeli project management company restructures around what it calls its AI Work Platform. The company disclosed the plan in a Form 6-K filed with the US Securities and Exchange Commission on Tuesday, citing the need to support a leaner operating […]

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Arrakis emerges from stealth with $38 million to bring AI to factories and supply chains

Arrakis, a London and Paris startup building what it calls an AI operating system for industrial companies, has emerged from stealth with $38 million in total funding and a thesis that the biggest returns from artificial intelligence will come from factories and supply chains, not office software. The company raised a $30 million Series A […]

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Cisco’s tiny open-weight AI hunts bugs, and it says it beats Gemini and GPT

Cisco’s new Antares models are small enough to run on your own machines. And, it claims, they beat Google’s Gemini and rival GPT-class systems at finding bugs. It is releasing them open-weight, though it is vetting who gets access. The pitch from Cisco is a quiet rebuke to the frontier-model arms race. You do not […]

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Samsung unveils the Z Fold8 Ultra, a reimagined Z Fold8, and intelligent eyewear at Galaxy Unpacked in London

Samsung used its Galaxy Unpacked event in London on Tuesday to launch six products at once, its broadest hardware refresh in years. The lineup includes the Galaxy Z Fold8 Ultra, the first time Samsung has brought its Ultra designation to a foldable, alongside a reimagined Z Fold8 with new display proportions, a slimmer Z Flip8, […]

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