Monthly Archives: April 2025

Revolut, the $45B neobank, posts $1B profit in 2024

Revolut, the $45 billion neobanking startup founded in the U.K., may have put its IPO plans on ice, but its balance sheet is looking pretty hot. The company reported net profit of $1 billion (£790 million) in 2024, while its … Continue reading

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Dropbox adds new features to Dash, its AI-powered search tool

Companies like Google and Microsoft have equipped their productivity suites with AI features and assistants, while startups such as ClickUp and ReadAI have focused heavily on building AI integrations and search capabilities. In alignment with this growing trend of infusing … Continue reading

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Uber, Volkswagen pair up to launch robotaxi service in US with self-driving, electric microbuses

Volkswagen of America and Uber on Thursday unveiled an ambitious plan to launch a commercial robotaxi service — using autonomous electric VW ID. BUZZ vehicles — in multiple U.S. cities over the next decade. The companies expect to launch a … Continue reading

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South Korea says DeepSeek transferred user data to China and the U.S. without consent

South Korea’s data protection authority has accused Chinese AI startup DeepSeek of transferring the personal information of users without permission. 

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This tool estimates how much electricity your chatbot messages consume

Ever wonder how much electricity you’re using when you prompt, or thank, an AI model? Hugging Face engineer Julien Delavande did, so he built a tool to help arrive at the answer. AI models consume energy each time they’re run. … Continue reading

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Adobe to launch mobile app for AI image generation tool as OpenAI steps up rivalry

Adobe said Thursday that it will release its Firefly AI image generator on both iOS and Android “soon,” without giving a specific date.

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British startup Isembard lands $9M to reshore manufacturing for critical industries

Geopolitical pressures are accelerating a demand in many countries and regions to reshore — that is, to redevelop critical industry infrastructure, and to bring back businesses, which had moved or outsourced some or all of their industrial operations to cheaper … Continue reading

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Adobe wants to create a robots.txt styled indicator for images used in AI training

For years, websites included information about what kind of crawlers were not allowed on their site with a robots.txt file. Adobe, which wants to create a similar standard for images, has added a tool to content credentials with an intention … Continue reading

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Ofcom finalises rules to protect children online

Websites will have to instate age checks and tighten up algorithm recommendations for young users.

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British fintech Revolut tops $1 billion in profit as revenue jumps 72%

Digital banking unicorn Revolut said Thursday that net profit for the year ending Dec. 31, 2024, totaled £1.1 billion ($1.5 billion), up 149% year over year.

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