Most tech founders chase a bigger valuation. Thought Machine’s boss would rather talk about revenue, and he has just crossed a milestone worth boasting about. The London core-banking company has passed $100m in annual revenue for the first time, tech.e…
ITV has agreed to sell its media and entertainment division to Sky, the Comcast-owned broadcaster, in a deal worth up to £1.6bn that redraws the map of British television. The transaction hands Sky the ITV channels and the ITVX streaming service, and l…
Britain’s foreign secretary has a stark analogy for artificial intelligence. Do not wait for its Hiroshima moment before writing the rules. Yvette Cooper will warn that AI could become the “greatest security challenge of the next decade,” according to …
Nvidia powers almost every self-driving car project going. A small Japanese startup is quietly handing some of that work to AMD instead. Turing Inc. has added AMD Ventures to its backers and started running its AI on AMD chips, Bloomberg reported. The …
Tesla’s driverless cabs have reached a fifth US city. This time, there is no human minder in the car at all. The company rolled out its Robotaxi service in part of Miami on Friday, it announced on X. A map in the post showed a small patch of West Miami…
The studios suing Midjourney say it trained AI on their characters without permission. Midjourney’s answer: prove you do not do exactly the same thing. The AI image generator wants a US federal judge to intervene. It has asked the court to force the st…
Luxshare Precision is set to price its Hong Kong listing at the top of its range, a sign of strong demand for one of the year’s marquee share sales. The Apple supplier plans to fix the offer at the maximum HK$63.28 a share, according to people cited by…
Solstice Advanced Materials is in talks to merge with Element Solutions in a deal that would create a specialty-materials company worth about $27bn, according to a Financial Times report. The two would combine as a merger of equals, the paper says, and…
This week’s Current Climate newsletter also looks at how nuclear startups achieved successful testing to meet a Trump challenge and Renew Home’s energy management tech.
Nvidia can barely sell its best chips in China. A crop of local challengers is racing to fill the gap. One of them just raised nearly $900m to speed up. Shanghai Biren Technology is selling HK$7 billion (about $892.5m) of new shares to boost GPU produc…