Amazon has agreed to a $17.5 billion delayed-draw term loan led by Citigroup, the latest in a borrowing spree fuelled by its race to build AI infrastructure. The cash is available through the end of September. Each draw has a three-year repayment windo…
Security researchers at Varonis built an OpenClaw email agent, connected it to a Gmail inbox with fake company data, and then phished it. The agent, dubbed Pinchy, handed over AWS credentials, database connection strings, and a customer export without …
The top 1% of US companies by AI adoption spend $7,500 per employee per month on AI tools and compute. The median firm spends $11.38. That 680x gap, drawn from the Ramp AI Index, is the clearest picture yet of how unevenly AI spending is distributed ac…
The AI boom has fundamentally changed how startups think about infrastructure. What was once a relatively straightforward cloud scaling journey has become far more complex, as companies now balance GPU-intensive workloads, rapidly evolving AI models, c…
A German court has ruled that Google is directly liable for false claims its AI Overviews make, treating the AI-written summaries as Google’s own speech rather than ordinary search results. It is one of the first rulings to test who is responsible when…
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 incl…
A new AI roll-up fund is launching in Germany, as investor appetite for trying to yield returns by buying a group of established companies and revamping them with AI continues apace. Generation Tech P…
Capsa AI, a London and New York startup building what it calls an “AI operating system” for private capital, has raised $18M in Series A funding. The round was co-led by TX Ventures and Pivot Investment Partners, with participation from Bek Ventures, a…
Meta has agreed to lease a 168-megawatt, AI-ready data centre in India from Mukesh Ambani’s Reliance Industries, its first such facility in the country. Reliance will build the site in Jamnagar, Gujarat, and Meta will lease it with an option to scale, …
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 tim…