The Series B is the largest ever raised by a Dutch deeptech company, and the largest private round any dedicated quantum-processor company has closed. Intel Capital, In-Q-Tel, and ETF Partners are joining a syndicate that already had FORWARD.one and In…
Coinbase is cutting 14 per cent of its workforce, roughly 660 employees from a company of 4,700, two days before it reports the worst quarterly earnings in its history as a public company. CEO Brian Armstrong announced the layoffs on Tuesday in a lette…
In 2018, four thousand Google employees signed a petition against Project Maven, a Pentagon contract that used the company’s AI to analyse drone surveillance footage. Google did not renew the contract. It published a set of AI principles pledging not t…
The Mythos crisis forced the United States government to confront a question it had been avoiding: what happens when an AI model is powerful enough to threaten national security and the government has no formal mechanism to evaluate it before the publi…
Two years ago, Nscale was a cryptocurrency mining operation. On Tuesday, the company announced €695 million ($812 million) in new infrastructure investment in Portugal, an expansion of its partnership with Microsoft that will deliver more than 66,000 N…
The founders of IronSource spent a decade building tools that helped mobile app developers monetise their products through advertising. They sold that company to Unity for $4.4 billion in 2022, watched Unity dismantle the ad network they had built, lef…
On Monday, Fervo Energy formally launched its IPO roadshow, offering 55,555,555 shares of Class A common stock at an indicated range of $21 to $24 each. At the high end of the range, the geothermal-energy developer would raise as much as $1.33bn and be…
Elon Musk’s public confidence about Tesla’s Full Self-Driving rollout in Europe is, on the available evidence, not shared by the European regulators who would actually have to approve it. Reuters published an exclusive analysis of regulator emails and …
Lip-Bu Tan’s leadership of Intel has, since the early months of his tenure, run on a single recognisable pattern: hire from rivals, restructure around the new hires, and rebuild the bench. On Monday Intel announced its latest such move. Alex Katouzian,…
The financing scaffolding around AI infrastructure keeps growing. Bloomberg reported on Sunday that Meta Platforms is working with Morgan Stanley and JPMorgan Chase on a financing package of roughly $13bn for a single data centre in El Paso, Texas. If …