FintechOS raises $28M in equity and debt

Romania-founded startup FintechOS, which providesAI and software services for banks and insurance firms, has raised $28m in equity and debtfunding from its current investors, it said today.The 2017-fo…

A Microsoft scientist called AI training the largest theft of labor
A Microsoft scientist called AI training the largest theft of labor

A 92-page brief unsealed on Thursday opens by quoting the same Microsoft employee twice. Dr Brent Hecht, the company’s Director of Applied Science, wrote that people would come to see large models hoovering up their work as “an astonishing theft of unp…

The EU will rate data centres on energy and water from 2027
The EU will rate data centres on energy and water from 2027

Europe’s data centers are to be graded on how much energy and water they use, under a rating scheme proposed on Monday by the European Commission. Any individual site drawing more than 500 kW is covered. What the rating measures is not only consumption…

TypeSafe AI’s Jev offers an alternative to LLMs that claims to be 193x faster and 445x cheaper
TypeSafe AI’s Jev offers an alternative to LLMs that claims to be 193x faster and 445x cheaper

Last week saw the debut of TypeSafe AI’s Jev, its first “System One” model. Rather than chatting with users like conventional LLMs, it’s strictly designed for statement evaluation and decision-making, for programming purposes.

DeepL boss: Being private right now has a "lot of advantages"

The CEO of language translation AIscaleup DeepL has downplayed reports that the company is likely to IPO soon,saying there are a “lot of advantages” to being a private company right now.Speaking on th…

A single git trick beat the safety lock on four AI coding agents
A single git trick beat the safety lock on four AI coding agents

The AI industry already knew attackers could poison plugin marketplaces. Its answer was to lock every plugin to one reviewed version of its code. That lock is what just broke. Researchers at Air Security published a vulnerability on Thursday that they …

Spain’s prime minister thinks the AI industry’s safety warnings are partly a fundraising strategy
Spain’s prime minister thinks the AI industry’s safety warnings are partly a fundraising strategy

“La autorregulación no funciona.” Self-regulation does not work, Pedro Sánchez told employers and union officials at the Moncloa Palace in Madrid on Monday, closing a government event on artificial intelligence hours before flying to New York for the U…

The Vatican is turning its AI campaign into permanent machinery this week
The Vatican is turning its AI campaign into permanent machinery this week

AI4Peace, a symposium on artificial intelligence and conflict, opened on Monday at the Pontifical Lateran University in Rome with a message from Leo XIV. The Pope was not present in the room, and Don Andrea Ciucci, chancellor of the Pontifical Academy …