Alibaba’s net profit fell 75% in the June quarter, to $1.54bn. The cause was not a weak business. It was the bill for building one. Capital spending reached $9.98bn in three months, up 75% on the same quarter last year, according to the results announc…
Hayden Christensen is on board for a live-action adaptation of ‘Star Wars: The Clone Wars’ storylines and he says the rest of the cast is on board as well.
A new study shows cancer genes are not destiny: genetic background can shape whether inherited cancer risk becomes disease, when it begins, and how it develops.
OpenAI has told enterprise customers that its promise not to keep their data will survive the next generation of models. The company set out the position on Wednesday in a post titled “Offering Zero Data Retention for frontier models”. In it, it previe…
Munich Re has agreed to buy At-Bay, a cyber-insurance startup, for $575mn. The deal values the company at less than half what it was worth in 2021. The German insurance group announced the acquisition on Wednesday, in a statement. The price is a reset….
Waymo’s Chinese-made Ojai is now available to the public and it’s a comfy ride. Will it outcompete the others, and what will it be like when the prices drop?
OpenAI has finally put a date on its stock market debut. The company “will be a public company in 2027,” or sooner if its business keeps growing fast, chief financial officer Sarah Friar told staff at an all-hands meeting. CNBC reported the comments, c…
Navi, the Indian fintech founded by the Flipkart co-founder Sachin Bansal, has raised $100mn from the investor Prosus. It is the first outside institutional funding for the eight-year-old company, TechCrunch reported. Navi is preparing to go public. Th…
Slack is introducing dedicated channels where teams can vibe-code together with AI agents instead of jumping between different tools and conversations. The Slack Code launch includes open, project-specific code channels with dedicated user tabs, alongside features that compare coding changes and preview HTML output before the project is shipped. “With Slack Code, when you have […]
An investment firm is lending about $1.3bn to help build a giant AI data centre in Texas that will house Anthropic. It is one of the latest jumbo deals fuelling the AI boom. Eagle Point Credit Management is providing the loan, Bloomberg reported. The l…