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Category Archives: Tech
OpenAI denies that it’s weighing a ‘last-ditch’ California exit amid regulatory pressure over its restructuring
OpenAI executives are discussing a potential relocation out of California as increasing political resistance threatens the company’s efforts to convert from nonprofit to for-profit status, according to The WSJ, but the company says it has no plans to leave.
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Tagged TechCrunch
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AI firm Mistral valued at $14 billion as chip giant ASML takes major stake
ASML pumped 1.3 billion euros in Mistral AI’s 1.7 billion-euro funding round as lead investor, gaining a 11% shareholding in the French company.
ReOrbit lands record funding to take on Musk’s Starlink from Europe
Finnish startup ReOrbit, has raised a record €45 million Series A for the country to offer “sovereign” satellites.
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Microsoft Copilot Study: UK Government Finds No Evidence of Productivity Gains
The UK government’s Microsoft 365 Copilot trial found staff satisfied and tasks eased, but no clear productivity gains, raising doubts about AI’s workplace impact.
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Tagged TechRepublic
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Nepal reverses social media ban as protests turn deadly
Nepal has reversed its social media ban following nationwide “Gen Z” protests and public backlash.
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Snap breaks into ‘startup squads’ as ad revenue stalls
CEO Evan Spiegel just announced the company is restructuring around small “startup squads” of 10 to 15 people to regain agility against larger competitors.
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Netherlands Gaming Authority raises concern over risk analysis report findings
The Kansspelautoriteit (KSA) has raised concerns over the risk analysis process for online gambling in the Netherlands, following a study that it sanctioned. The Netherlands Gaming Authority found in its report that the current systems deployed by gambling operators are … Continue reading
It’s taken three years to recover from China hack, election watchdog says
In the first interview about the hack, the commission’s new boss admits that huge mistakes were made, but says the organisation is now secure.
Intel’s chief executive of products departs among other leadership changes
Intel also announced the creation of a central engineering group that will build custom chips for outside customers.
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Netskope follows Rubrik as a rare cybersecurity IPO, both backed by Lightspeed
The 13-year-old company could be valued up to $6.5, with Lightspeed’s stake worth $1.1 billion.
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Tagged TechCrunch
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