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Axos buys AI fintech Arc Technologies to bolt modern software onto a bank

Axos is buying Arc Technologies, an AI-native fintech that banks tech startups, and bolting its software onto a chartered bank. Axos Financial, a US digital bank with about $29bn in assets, has agreed to acquire Arc Technologies, the company announced. Arc runs a financial platform for technology and growth companies, bundling cash management, debt financing, […]

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Bespoke Labs raises $40M to build the training grounds for reliable AI agents

AI agents can write code and answer questions, but they still fall apart on long, messy jobs. A Mountain View startup just raised $40M to build the training grounds that fix that. Bespoke Labs, which builds the environments that train and test AI agents, has raised $40 million, the company announced. The total spans a […]

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The Supreme Court lets Texas turn Apple and Google into the internet’s age gate

Texas can now make Apple and Google check how old you are before you download an app. The Supreme Court just let the rule stand. The US Supreme Court has refused to block a Texas law aimed at app stores, the Associated Press reports. The rule forces Apple and Google to verify users’ ages and […]

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US cyber agency is using Anthropic’s Mythos to audit government code, sources say

A federal defender is reportedly pointing a private, offensive-grade AI model at the government’s own software, though almost nothing about the work is on the record. The US Cybersecurity and Infrastructure Security Agency is using Anthropic’s AI model Mythos to hunt for bugs in government software, according to three people familiar with the matter who […]

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Utah let an AI renew prescriptions without a doctor, and its medical board wants it stopped

Utah has quietly become the first US state to let an AI chatbot renew prescriptions without a doctor, according to the Associated Press. The programme, run by a company called Doctronic, launched in January and has set off a fierce medical debate. Residents can skip the doctor’s office and refill prescriptions online through the chatbot. It […]

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SpaceX’s Gwynne Shotwell pledges $320M in stock to Trump Accounts

SpaceX president Gwynne Shotwell will donate a share of SpaceX stock to roughly 2 million children through the Trump Accounts programme, CNBC reports. At around $162 a share, the pledge is worth over $320m. The gift comes from Shotwell’s and her husband’s personal holdings, with extra emphasis on lower-income families near their central Texas home. It makes […]

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Klarna applies for a US banking licence, its boldest American move yet

Klarna wants to be a real American bank. The Swedish BNPL giant has applied for a US banking licence, betting a friendlier Washington will let it crack a market that has bruised European rivals. Klarna has applied to US regulators to set up its own bank, tech.eu reports. The Swedish fintech filed with the Utah […]

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Hedge funds sold chip stocks for a fourth week, but not the AI trade

Hedge funds cut their holdings of semiconductor stocks for a fourth straight week, according to Goldman Sachs prime brokerage data, in a run of selling that has made chipmakers and their equipment suppliers the most heavily net-sold corner of the US market. The move comes as parts of the AI trade wobble, and it will […]

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Tesla brings its Robotaxi to Miami, and drops the safety monitor

Tesla’s driverless cabs have reached a fifth US city. This time, there is no human minder in the car at all. The company rolled out its Robotaxi service in part of Miami on Friday, it announced on X. A map in the post showed a small patch of West Miami, well away from the busy […]

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Midjourney turns the tables, demanding the studios suing it reveal their AI

The studios suing Midjourney say it trained AI on their characters without permission. Midjourney’s answer: prove you do not do exactly the same thing. The AI image generator wants a US federal judge to intervene. It has asked the court to force the studios suing it to reveal how they use AI internally, Variety reported. […]

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