Revolut is offering every employee GBP1,000 to sell business banking. The real prize is a $200 billion IPO.
Revolut is offering every employee GBP1,000 to sell business banking. The real prize is a $200 billion IPO.

  Revolut’s chief executive, Nik Storonsky, has told employees across the company that business banking is now its top priority, and is offering each of them £1,000 to prove he means it. In a memo sent to staff on Friday, Storonsky asked everyone, rega…

Bolt is betting that South Africa’s next ride will be a Chinese electric car
Bolt is betting that South Africa’s next ride will be a Chinese electric car

  Bolt Technology, the Estonian ride-hailing company that has spent roughly $180 million building a dominant position in South Africa, has struck a deal with China’s Dongfeng Motor Group to roll out an electric-vehicle fleet in the country. The partner…

Trump leaves Beijing saying he and Xi talked AI guardrails. Nothing was signed.
Trump leaves Beijing saying he and Xi talked AI guardrails. Nothing was signed.

Asked what kind of guardrails on the way out, the US president told reporters on Air Force One: ‘standard guardrails that we talk about all the time’. H200 deliveries to ten cleared Chinese buyers remain stalled. Donald Trump told reporters on Air Forc…

Musk’s X commits to UK regulator on hate speech, with Grok probe still open
Musk’s X commits to UK regulator on hate speech, with Grok probe still open

Elon Musk’s platform has agreed to review illegal hate and terrorism posts within a day on average, restrict UK-proscribed groups, and report quarterly to the regulator. A separate Ofcom investigation continues. X has agreed to a set of commitments on …

Bill Ackman moves into Microsoft, with the size to be disclosed today
Bill Ackman moves into Microsoft, with the size to be disclosed today

Pershing Square has taken a new position in Microsoft, with the size to be disclosed in a 13F filing later on Friday. The stock is down roughly 16% year-to-date. Bill Ackman has bought Microsoft. Pershing Square’s chief executive said on X on Friday mo…

Multiverse raises $70m at a $2.1bn valuation to push its AI-adoption pitch across Europe
Multiverse raises $70m at a $2.1bn valuation to push its AI-adoption pitch across Europe

The round, led by Schroders Capital, follows January’s acquisition of Berlin-based StackFuel and 50% year-on-year revenue growth. Customers include the AA, Babcock, and Capital. Multiverse, the London-based AI- and tech-upskilling platform founded by E…

Federal judge holds back on Anthropic’s $1.5bn author settlement
Federal judge holds back on Anthropic’s $1.5bn author settlement

A federal judge in San Francisco wanted more detail on lawyers’ fees and lead-plaintiff payments before signing off on what would be the largest copyright settlement in US history. A federal judge in San Francisco declined on Thursday to give final app…

Samsung offers to talk; the union says June, after the strike
Samsung offers to talk; the union says June, after the strike

The company dropped its preconditions on Friday. The NSEU said it would hear new offers from 7 June, three days after the planned 18-day walkout ends. Samsung Electronics asked its largest union on Friday to come back to the bargaining table without co…

Chip export controls were not a major topic in Beijing, US Trade Rep Greer says
Chip export controls were not a major topic in Beijing, US Trade Rep Greer says

Greer told Bloomberg TV the bilateral did not address chip controls, even as Reuters reported the Trump administration cleared Nvidia H200 sales to several Chinese firms after the Xi meeting. Semiconductor export controls were not a major topic at this…

Jury deliberations to begin in OpenAI nonprofit trial after Musk skips closing for Beijing
Jury deliberations to begin in OpenAI nonprofit trial after Musk skips closing for Beijing

Three weeks of testimony in Judge Gonzalez Rogers’s Oakland courtroom end with Musk in Beijing on Trump’s state-visit delegation and deliberations beginning Monday. Closing arguments in Musk v. Altman wrapped on Thursday afternoon in Judge Yvonne Gonza…