The EU says autoplay and infinite scroll are illegal. Meta has until it responds to disagree.

The European Commission issued preliminary findings on Friday accusing Meta of building Facebook and Instagram to be addictive, giving the company a formal opportunity to respond before Brussels reach [...]

Nyobolt’s batteries charge in seconds and last 20,000 cycles. The customer that made it a unicorn is a warehouse robot.

The battery that made Nyobolt a unicorn does not power a car. It powers a warehouse robot. The Cambridge-based startup announced on Tuesday that it has closed a 60 million dollar Series C round at a o [...]

Ukraine says robots seized enemy territory for the first time. The company behind them is now worth a billion dollars.

In April, Ukrainian President Volodymyr Zelensky announced that his forces had, for the first time in the history of warfare, seized an enemy position using only unmanned systems. No infantry. No huma [...]

Uber missed its revenue target. The stock jumped 10 per cent. Wall Street is pricing a different company.

Uber missed its revenue estimate on Tuesday. The stock jumped 10 per cent. The divergence between the number Wall Street expected and the number the market rewarded tells the story of a company that h [...]

Iluvatar CoreX seeks to raise $850m as China’s AI-chip rally lifts its shares

A year ago, Iluvatar CoreX was a Shanghai chipmaker that sold mostly to the Chinese state. This week it is trying to raise about $850m from investors who cannot seem to get enough of it, according to [...]

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 [...]

Reddit is joining the S&P 500 with its stock down 31% this year

The index provider announced the change on 13 August, in a release issued at 18:12 in New York. Reddit enters under the Communication Services sector. It trades on the New York Stock Exchange as RDDT. [...]

Axos buys AI fintech Arc Technologies to bolt modern software onto a bank

Axos is buying Arc Technologies, an AI-native fintech that banks tech startups, and bolting its software onto a chartered bank. Axos Financial, a US digital bank with about $29bn in assets, has agreed [...]

Meta launches a standalone Seller app for Facebook Marketplace with AI-powered listings

Meta has launched Seller, a standalone app built for people who sell regularly on Facebook Marketplace, giving them dedicated tools for managing listings, communicating with buyers, and tracking sales [...]