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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 »
Government software is usually bought by asking several companies to bid. A department writes down what it needs, suppliers compete, and the file records why the winner won. A memo drafted inside the US Defense Department on 4 August did something different. It named the supplier first. US Deputy Secretary of Defense Stephen Feinberg directed […]
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Renting an Nvidia H100 for an hour costs whatever your supplier says it costs. There is no published price. Two companies buying identical capacity can pay very different rates, and neither of them will know. That changes on 5 October. CME Group, the exchange that lists crude oil and corn, will start trading two futures […]
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AI compute becomes a tradable commodity on 5 October. The price goes public Read More »
The Intercept and the Freedom of the Press Foundation have sued President Donald Trump over a Trump Media service that sells paid early access to his Truth Social posts, arguing that a sitting president should not be allowed to put a price on his own official words. The service, called Truth API, gives paying subscribers […]
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Donald Trump is sued for putting a $100,000 paywall on his Truth Social posts Read More »
President Donald Trump has signed a National Security Presidential Memorandum authorising US federal law enforcement to conduct offensive cyber operations against transnational criminal organisations operating abroad. Washington, in short, is giving itself formal permission to hack the hackers, and it is roughly as consequential as that sounds. The memorandum takes aim at foreign criminal groups […]
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Sundar Pichai announced on Tuesday that the Gemini app had passed a billion monthly users. He called it “our fastest growing product ever” and the 14th Google product to hit the mark, alongside Search, Gmail, Android, Maps, Chrome, Play and YouTube. His post has been seen more than 1.5 million times. Google published the engagement […]
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Gemini has a billion monthly users. ChatGPT hit that in June and moved the goalposts Read More »
Nvidia released Nemotron 3.5 Lightning on Tuesday. It is a 30 billion parameter mixture-of-experts model with three billion active at any moment. The architecture is a hybrid of Mamba-2, MoE and attention layers, with a one million token context window. The weights are on Hugging Face and ModelScope. The licence is the part that matters. […]
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PitchBook published its Q2 US VC Valuations report on 10 August. Megadeals took 87.5% of the dollars deployed in the first half of 2026. PitchBook defines those as rounds of $100m or more. AI is the primary driver of that concentration, though the figure describes deal size rather than sector. The AI premium is real […]
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Skan AI announced $63m in funding on Wednesday, co-led by Cathay Innovation and Dell Technologies Capital. What the money is buying is not a model. It is a record of how people at large companies actually do their jobs. Skan builds that record by watching them work. Avinash Misra, the co-founder and chief executive, reached […]
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SpaceX posted a 30-minute all-hands to X on Tuesday. Elon Musk used it to make two claims, and they only make sense together. The first is a number. AI revenue will pass everything else the company sells by next month. The second is a method. SpaceX will train Grok on its own information, including the […]
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Musk says SpaceX AI will out-earn rockets by September, and be trained on staff Read More »