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…
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….
OpenAI is bringing ads inside ChatGPT to 31 European countries, in its largest expansion of the ad business so far. The rollout starts next week, the company said in a blog post. The list runs from Germany, France, Spain and Italy to Sweden, Norway, De…
Velatir, an Odense startup that sells companies a way to see and control the AI their employees are already using, has raised €5m in seed funding six months after closing its pre-seed. Spintop Ventures, a Nordic early-stage firm investing in the compan…
Uber has begun offering autonomous rides in Europe for the first time, in the Croatian capital, Zagreb. From Wednesday, riders there can book a self-driving car through the Uber app, the company said. The service is run with the Chinese firm Pony.ai an…
Meta is running a global campaign to push back against laws that would ban teenagers from social media, according to a new investigation by the Tech Transparency Project. The effort relies on paid influencers and funded parent groups, the watchdog said…
Nebius Group said on Wednesday that it plans to raise $4.5 billion by selling convertible bonds. It will use the money to build data centres for artificial intelligence. The Amsterdam-based company set out the plan in a statement. The offering comes in…
Pew found that 55% of Americans under 30 are now more concerned than excited about AI, the first majority since it began asking in 2021, with 73% expecting fewer jobs. A European Commission survey found displacement fears highest among younger, lower-i…
Bangalore-based Murf AI is releasing its Falcon 2 voice model on 20 August at $0.01 per generated minute, a fifth of what ElevenLabs charges. The company says it scores above some OpenAI models on the independent Artificial Analysis leaderboard. A Bang…
Europe’s data centre capacity will reach 13 gigawatts by the end of 2026, a fifth more than last year, and most of the new supply is no longer landing where the industry has always built. Of the roughly 700 megawatts added in the second quarter, only 3…