Multiverse Computing targets a $570m Series C at a $1.7bn valuation to cut AI costs
Multiverse Computing targets a $570m Series C at a $1.7bn valuation to cut AI costs

Spanish deeptech company that shrinks large language models wants investors to bet that efficiency, rather than sheer scale, is where the next stretch of AI money gets made. Multiverse Computing, based in San Sebastián in Spain’s Basque Country, has op…

Trump’s data centre power pledge draws scepticism from energy experts
Trump’s data centre power pledge draws scepticism from energy experts

On July 23, President Donald Trump stood in the White House and promised that electricity bills for American families would “actually come down,” even as power-hungry AI data centres spread across the grid. T he vehicle was an expanded version of the R…

SoftBank is reportedly weighing a deal for Swiss robotics startup Gravis
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 fit…

Jensen Huang calls the AI jobs panic ‘complete nonsense’, and takes aim at his peers
Jensen Huang calls the AI jobs panic ‘complete nonsense’, and takes aim at his peers

Jensen Huang has heard the warnings. He is not buying them. The Nvidia chief runs the world’s most valuable company on the back of the AI boom. So when he calls the darkest predictions about that boom “complete nonsense,” it is worth asking whether he …

Adecco’s CEO says AI is changing jobs, not destroying them
Adecco’s CEO says AI is changing jobs, not destroying them

Denis Machuel runs the world’s largest staffing company, which makes his read on the labour market worth pausing over. This week the Adecco Group chief executive offered it plainly: artificial intelligence is remaking work, but it is not about to empty…

Narcissism, Machiavellianism, and the people who lean hardest on AI
Narcissism, Machiavellianism, and the people who lean hardest on AI

In 1914, Sigmund Freud borrowed a figure from Ovid and handed psychology one of its most durable terms. In his essay On Narcissism, the myth of Narcissus, the youth who fell in love with his own reflection and wasted away in front of it, became a way o…

Big Tech’s AI spending is catching up with its cash flow
Big Tech’s AI spending is catching up with its cash flow

The four largest US technology companies are on course to spend close to $700bn on artificial intelligence infrastructure this year, and the cost is starting to show up in the one figure that is hard to dress up: free cash flow. An analysis by Reuters,…

Water UK says AI data centre plans ignore where the water comes from
Water UK says AI data centre plans ignore where the water comes from

Britain wants to triple its data centre capacity by 2030. The trade body for the country’s water companies has told ministers there is not enough water to run them. Water UK, which represents England’s water suppliers, told MPs this week that the gover…

Netflix wants ‘AI fluency’ from everyone, but craft is still scarce
Netflix wants ‘AI fluency’ from everyone, but craft is still scarce

When Elizabeth Stone talks about the future of work at Netflix, she keeps circling back to a phrase that is easy to say and hard to pin down. Speaking on Lenny’s Podcast in mid-July, the streamer’s chief product and technology officer described “AI flu…

Samsung creates a CEO-led robotics division to chase humanoid robots
Samsung creates a CEO-led robotics division to chase humanoid robots

Samsung Electronics has pulled its scattered robotics work into a single business division that reports straight to the chief executive, a structural move meant to turn hardware ambition into a genuine growth engine. The new unit, called RX, or Robotic…