Verda raises $117 million to expand its GPU cloud platform from the Nordics into the US, UK, and Asia
Verda raises $117 million to expand its GPU cloud platform from the Nordics into the US, UK, and Asia

The Helsinki-based company, formerly DataCrunch, is backed by Lifeline Ventures, byFounders, Tesi, Varma, and a group of Nordic lenders. It is already cash-flow positive, holds Nvidia Preferred Partner status, and plans to hire more than 100 people thi…

Norway plans to ban social media for children under 16 and shift age verification liability to platforms
Norway plans to ban social media for children under 16 and shift age verification liability to platforms

The minority Labour government, led by PM Jonas Gahr Støre, announced the legislation on Friday. The age threshold has been raised from the 15-year limit proposed in the 2025 consultation, aligning Norway with Australia’s world-first ban that came into…

Meta is cutting 8,000 jobs to pay for AI. It is also asking the survivors to train their replacements.
Meta is cutting 8,000 jobs to pay for AI. It is also asking the survivors to train their replacements.

Summary: Meta is cutting approximately 8,000 employees (10% of its workforce) beginning 20 May, cancelling 6,000 open roles, and planning additional cuts for H2 2026. The layoffs, announced via an internal memo from HR head Janelle Gale, are structural…

High gas prices are not saving Tesla. They are just slowing the bleeding.
High gas prices are not saving Tesla. They are just slowing the bleeding.

Summary: US petrol prices passed $4/gallon for the first time in four years (+30% YoY), driven by the Iran conflict and Strait of Hormuz disruption. Tesla delivered 358,023 vehicles in Q1 2026, up 6% against a weak comparison quarter but missing estima…

White House accuses China of industrial-scale AI model distillation, commits to intelligence sharing with OpenAI, Anthropic, Google
White House accuses China of industrial-scale AI model distillation, commits to intelligence sharing with OpenAI, Anthropic, Google

Summary: The White House OSTP released a policy memo accusing China of “industrial-scale” distillation of US AI models, committing to share intelligence with US AI companies and explore accountability measures. OpenAI accused DeepSeek of distilling its…

Microsoft offers voluntary retirement to 7% of US workers in first-ever buyout programme amid $80B AI spending push
Microsoft offers voluntary retirement to 7% of US workers in first-ever buyout programme amid $80B AI spending push

Summary: Microsoft is offering voluntary retirement to approximately 7% of its US workforce (~8,750 of 125,000 employees) in the first such programme in its 51-year history, using a “Rule of 70” formula (age + years of service). The offer, disclosed by…

OpenAI launches GPT-5.5, its first fully retrained base model since GPT-4.5
OpenAI launches GPT-5.5, its first fully retrained base model since GPT-4.5

The model, codenamed “Spud,” is designed to complete complex multi-step tasks with minimal human direction. It sets new benchmarks in agentic coding, computer use, and knowledge work, while matching GPT-5.4’s per-token latency. API access is delayed pe…

UK Biobank’s 500,000 genomes were listed for sale on Alibaba. The breach came from inside the system.
UK Biobank’s 500,000 genomes were listed for sale on Alibaba. The breach came from inside the system.

Summary: Genetic, medical, and lifestyle data from all 500,000 UK Biobank volunteers was listed for sale on Alibaba after three Chinese research institutions with legitimate access violated their data-sharing agreements. The data was de-identified but …

The EU is about to tell Google that Gemini cannot have Android to itself
The EU is about to tell Google that Gemini cannot have Android to itself

The European Commission is preparing to tell Google exactly how it must open Android to rival AI assistants, escalating a regulatory confrontation that will determine whether artificial intelligence becomes the next great platform lock-in or the first …

The Pentagon just picked the companies that will put nuclear reactors on Air Force bases
The Pentagon just picked the companies that will put nuclear reactors on Air Force bases

Summary: The Pentagon has narrowed its Advanced Nuclear Power for Installations (ANPI) programme from eight companies to three, advancing microreactor deployment at Buckley Space Force Base (Colorado) and Malmstrom Air Force Base (Montana) by 2030. The…