Stability AI raises $76mn from Universal, Warner, Sony Music and EA

The world’s three largest record companies have bought equity in a generative AI company. Universal Music Group, Warner Music Group and Sony Music Group are all new investors in Stability AI’s $76 [...]

Stripe reportedly acquires OpenRouter, the AI model router, for over $7bn

Stripe has, according to Bloomberg, finalised a deal to buy OpenRouter for more than $7bn. The payments giant declined to comment, and the sum is not officially confirmed, but the reported number tell [...]

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. [...]

DeepSeek built a Claude Code rival, then quadrupled its prices

Start with the money, because it is the part every developer noticed. From 16 August, a million output tokens through DeepSeek-V4-Pro costs $3.96 at peak, up from $0.87. V4-Flash goes from $0.28 to $1 [...]

Accel raised $3.5bn. Europe now gets the same fund as the US

Accel is a venture capital firm. It gives money to startups early, usually before anyone else has, and takes a stake in return. It has done this since 1983, and it wrote the first institutional cheque [...]

DeepMind won a Nobel for AlphaFold. Then it broke up the team.

Less than a year ago, AlphaFold won Google DeepMind a Nobel Prize. Now DeepMind has taken the team that built it apart. The lab has reassigned most of the original AlphaFold-paper authors over the pas [...]

Apple raised its prices, then offered to rent you the phone instead

Apple has a new answer to the complaint that its products cost too much. Do not buy them. Lease them. On Tuesday the company launched Apple Upgrade in the US, a leasing programme run by the buy-now-pa [...]

Claude found mathematical flaws in two cryptographic algorithms that years of expert review missed

Anthropic announced on Monday that Claude Mythos Preview has discovered mathematical weaknesses in two cryptographic algorithms. The first substantially weakens HAWK, a post-quantum digital signature [...]

Two hotel groups moved into ChatGPT this week. Neither will let you pay there

Two hotel groups moved into ChatGPT this week, a day apart and at opposite ends of the market. Radisson Hotel Group launched an app on Tuesday, built with Accenture, covering more than 1,000 hotels in [...]