Runway picks London for its European headquarters with a $200m UK pledge
Runway picks London for its European headquarters with a $200m UK pledge

The Nvidia-backed AI video firm joins Anthropic and OpenAI in betting on London, citing customers including the BBC, Fremantle and WPP. Runway is making London its European headquarters and has pledged to put more than $200m into the UK’s AI ecosystem …

NVIDIA names Anthropic and OpenAI among first users of its Vera chip
NVIDIA names Anthropic and OpenAI among first users of its Vera chip

Jensen Huang spent a portion of his Computex keynote reading out a guest list. Anthropic, OpenAI, SpaceX and Oracle, the Nvidia chief executive told the audience in Taipei on Monday, are among the first big users of Vera, the company’s new in-house pro…

ASML spinout Invisix raises €20M to see inside the chips optics can’t
ASML spinout Invisix raises €20M to see inside the chips optics can’t

Modern chips have a measurement problem that sounds almost philosophical: they have become too complex to look at. As logic and memory devices stack into three dimensions and shrink to a few nanometres, the optical tools that check each layer can no lo…

US moves to close the loophole letting Nvidia’s top chips reach Chinese firms abroad
US moves to close the loophole letting Nvidia’s top chips reach Chinese firms abroad

New Commerce Department guidance ties export-licence rules to where a company is headquartered, not where it sits, snaring the overseas units of Chinese AI firms. For about a year, there was a way around America’s toughest chip controls, and it was a m…

Revolut, Mistral and Wayve founders back Balderton’s ‘Built in Europe’ push
Revolut, Mistral and Wayve founders back Balderton’s ‘Built in Europe’ push

European tech has a confidence problem that has little to do with its results. The companies are there, the exits are there, and yet the dominant story has long been one of catching up to Silicon Valley. Balderton Capital wants to change the register. …

Intel and 3DGS back a $3.3bn glass-substrate plant in India’s Odisha
Intel and 3DGS back a $3.3bn glass-substrate plant in India’s Odisha

The fight over who makes the world’s chips is increasingly a fight over the parts of a chip nobody photographs. India has just landed one of them. Intel and 3D Glass Solutions have signed an agreement to build a roughly $3.3 billion substrate-manufactu…

Norway’s $2.3tn fund backs a human-rights review at Palantir
Norway’s $2.3tn fund backs a human-rights review at Palantir

The world’s largest sovereign wealth fund does not often pick a fight with a company it owns. When it does, the size of the holder makes the gesture hard to ignore. Norges Bank Investment Management, which runs Norway’s $2.3 trillion oil fund, will vot…

Ex-Sequoia China firm HSG said to lead bidding for Leica Camera stake
Ex-Sequoia China firm HSG said to lead bidding for Leica Camera stake

Leica makes cameras that cost more than most people’s cars and are bought, in large part, for the red dot on the front. So there is a certain logic to a brand built on scarcity and prestige now being courted by a buyer with a taste for both. HSG, the A…

Apollo and Blackstone shop a $36bn debt deal to buy Anthropic its chips
Apollo and Blackstone shop a $36bn debt deal to buy Anthropic its chips

The way to read the latest Anthropic financing is to notice who is not borrowing the money. Apollo Global Management and Blackstone are arranging roughly $36 billion of debt, but the loan does not sit on Anthropic’s balance sheet. It buys chips, and th…

Meta sells AI subscriptions while OpenAI and xAI walk into the ad business
Meta sells AI subscriptions while OpenAI and xAI walk into the ad business

Meta’s $7.99-and-$19.99 chatbot tiers and OpenAI’s push into advertising mark the moment the AI revenue-model question becomes a cross-cutting collision. Meta’s decision to begin selling consumer subscriptions to its Meta AI chatbot at $7.99 and $19.99…