Oxylabs has raised $130M from private equity firm Warburg Pincus. It is the company’s first outside investment since it launched in 2015. The deal values the Vilnius-based data infrastructure firm at around $3.6bn. Oxylabs announced the raise on Thursd…
Block, the payments company chaired by Jack Dorsey, has agreed to pay $45 million to settle claims from 46 US states that it mishandled fraud on Cash App, its money-transfer and digital-banking app. The settlement is the latest sign that state regulato…
SK Hynix’s American listing has been more than seven times oversubscribed, according to people familiar with the deal, a sign of heavy demand for one of the largest share sales Wall Street has fielded from a foreign company. The South Korean memory-chi…
Qube Research & Technologies, one of London’s largest quantitative hedge funds, is doing something that would once have looked heretical for a firm built on code: it is hiring humans to pick stocks. The move, reported by Business Insider, places th…
Taiwan’s top central banker has urged investors to steer clear of heavy borrowing to chase the island’s surging stock market, a rally powered by global demand for the AI hardware that Taiwanese firms supply. Yang Chin-long, governor of the Central Bank…
Europe’s drive for sovereign AI has rarely looked more urgent, yet the infrastructure meant to carry it may not be ready. As Washington tightens access to its most capable models and Brussels leans harder into the case for European AI sovereignty, a ne…
Artificial intelligence has moved out of the office and the university lecture hall and into the primary school classroom, and a fresh survey suggests plenty of parents are uneasy about it. Half of those polled said they were worried their child “relie…
Nvidia’s software engineers are writing less code than ever, and according to their chief executive, that is exactly how they like it. Jensen Huang said this week that his engineers have grown to prefer building AI agents over writing Python, a change …
Mistral CEO Arthur Mensch and Mozilla president Mark Surman were making the case for open-source AI’s reliability at RAISE Summit. Then the venue lost power, and their fireside chat finished almost in the dark. It was, in fairness, the perfect cue. Mid…
The war in Ukraine has become, among other things, a fight over signals. Russian forces are now trying to jam Elon Musk’s Starlink network to blunt the cheap long-range drones that have reshaped the conflict, according to Ukrainian drone commanders and…