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Seattle drinkware maker MiiR sues Tesla for copying its tumbler lid design

Seattle-based drinkware maker MiiR is suing Tesla for allegedly copying the lid design and overall look of its stainless steel tumbler. The lawsuit, filed May 28 in US District Court in Seattle, alleges Tesla’s On The Road Tumbler infringes a design patent covering MiiR’s tumbler lid and mimics the cylindrical shape, rounded base, and vertical […]

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Snapchat walls under-16s off from public Spotlight, making their videos friends-only

Snapchat is restricting how its youngest users share video. From this week, Snapchatters aged 13 to 15 will get a dedicated profile where their Stories and short-form Spotlight clips are visible only to mutually accepted friends, and will no longer be pushed to the wider public on Spotlight. Until now, under-16s could post to Spotlight, […]

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Poetic emerges from stealth with $50M from OpenAI to automate insurance underwriting and compliance

Poetic, an AI startup that has been operating in stealth, has emerged with $50M in funding and a $500M valuation to automate some of finance’s most sensitive back-office work, from insurance underwriting to compliance and fraud checks. Its backers include OpenAI, Peter Thiel’s Founders Fund, and Kleiner Perkins. The company was founded by Markie Wagner, […]

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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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Your face is the ticket: Google’s Gemini and biometric gates are the World Cup’s quieter tech story

The 2026 World Cup is rolling out two layers of technology that most of its 10 million visitors will actually touch: a consumer-AI layer led by Google, and a biometric-identity layer that turns a fan’s face into a ticket. This is the quieter half of the tournament’s tech, the half aimed at fans rather than […]

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SpaceX’s $75 billion IPO is massively oversubscribed, with single investors placing $10 billion orders

SpaceX’s initial public offering has attracted institutional orders for multiple times the available shares, according to people familiar with the matter. Multiple investors have individually placed orders of $10 billion or more. Banks leading the deal told investors on Tuesday that demand increased further after management meetings, and the offering was described as well oversubscribed. […]

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Klarna launches US savings accounts at 3.28% as the buy-now-pay-later company tries to become a bank

Klarna is launching high-yield savings accounts in the United States with an annual percentage yield starting at 3.28%. The accounts are FDIC-insured through a partnership with WebBank and are designed to let existing Klarna spending customers hold savings within the same platform. “The average American earns less than 0.5% on their savings, not because better options don’t […]

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An ‘anti-private-equity’ startup raised $225M to buy Main Street software and rebuild it with AI

Private equity buys companies, strips out costs, and flips them. A two-year-old startup called Beacon has raised hundreds of millions to do almost the opposite, and to let AI do the heavy lifting. Beacon, an “AI-native” holding company based in Toronto and San Francisco, said on Tuesday it had raised a $225mn Series C led […]

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An ex-scooter founder raised $5M to build AI data centres in orbit, where the sun never sets

AI is running out of power, and out of places to put it, on Earth. A Los Angeles startup wants to solve both problems by leaving the planet. Orbital, a space-infrastructure company building AI data centres in low Earth orbit, has raised a $5mn oversubscribed pre-seed round led by a16z speedrun, with a long list […]

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Robot-arm maker Standard Bots hits a $1bn valuation to scale US manufacturing

America wants to build robots, not just import them. A New York startup has just raised $200mn to do exactly that. Standard Bots has closed a $200mn round that values the company at $1bn, minting a fresh robotics unicorn. The financing was led by General Catalyst and RoboStrategy, a fund dedicated to robotics, and marks […]

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