The CEO of America’s most powerful surveillance company spent $200 million on places nobody can find him
Alex Karp, the co-founder and chief executive of Palantir Technologies, has quietly assembled a real estate portfolio worth more than $200 million across a reported 20 properties worldwide. The commo [...]
Apple loses its EU court challenge over gatekeeper status under the DMA
Apple has spent two years arguing that Europe’s digital rulebook should not apply to it in quite the way Brussels insists. On Wednesday, the EU’s General Court told it, in effect, that it does. Th [...]
Lightspeed is selling its OpenAI stake to a fund it will also run
The firm calls the deal Project Mercury, Bloomberg reported, citing people familiar with it. It gathers assets from two Lightspeed funds, Select V and Opportunity II, plus a separately managed account [...]
Meta says it will invest $600 billion in the US, with AI data centers front and center
Meta said on Friday that it's investing $600 billion in US infrastructure and jobs by 2028. Although the announcement is light on specifics (and heavy on standard Big Tech self-congratulation), i [...]
Skan AI raises $63m to watch how office staff actually work, then build agents that copy them
Skan AI announced $63m in funding on Wednesday, co-led by Cathay Innovation and Dell Technologies Capital. What the money is buying is not a model. It is a record of how people at large companies actu [...]
Allianz to cut up to 1,800 jobs as AI takes over call-centre work
The job that AI seems keenest to take is the one on the other end of the phone. Allianz, the German insurance giant, is preparing to cut as many as 1,800 roles in its travel arm as automated systems t [...]