Helsing raises $1.8bn at an $18bn valuation, and its cap table tells a story

Munich’s Helsing has raised $1.8bn at an $18bn valuation, making it Europe’s largest defence startup. The round is a bet on sovereign AI. A lot of the money paying for it is American. Europe’s b [...]

Tesla’s Cybercab drove across a car park, and the real news happened two days earlier

Tesla has said Cybercab employee rides are starting soon at its Texas factory. The announcement came with a clip of a gold Cybercab, butterfly doors up and no steering wheel or pedals, driving itself [...]

Google’s big Waze AI update includes a button that makes the app shut up

Google has given Waze a batch of new features, most of them powered by Gemini. The headline additions are a motorcycle mode, personalised routing, conversational map editing, and Gemini-powered destin [...]

Intel is putting 5 billion euros into Ireland, and Europe just got one of the few EUV fabs on the continent

Intel is committing 5 billion euros, around $5.7bn, to expand its campus at Leixlip in Ireland. The money is aimed at data-centre processors for AI and high-performance computing, Bloomberg reports. [...]

Twelve states are suing to stop the Paramount-Warner deal that Washington already waved through

A dozen states have sued to block Paramount Skydance’s takeover of Warner Bros. Discovery. The suit, led by California attorney general Rob Bonta, was filed in federal court in California’s Northe [...]

Pentagon pauses the cyber audit rule that was pushing small suppliers out

The figure that seems to have finished the programme off is not a cost. It is a ratio: more than 100,000 companies in the American defence supply chain needing an independent cybersecurity audit, agai [...]

Seoul court suspends the order making Coupang’s founder its controlling person

Coupang has won the first round of its fight with South Korea’s competition regulator. The Seoul High Court on Tuesday suspended the Fair Trade Commission’s decision to name founder Bom Kim as t [...]

China smartphone shipments fall for a fifth quarter as memory costs bite

For the fifth quarter running, fewer phones left Chinese warehouses than a year earlier. Shipments fell 4.3% to 66 million units in the second quarter, according to figures published on Tuesday by IDC [...]

The White House’s next AI energy pledge targets the utilities

The White House is preparing an event, expected within weeks, at which electric utilities, the companies that build and run data centres for Big Tech, and governors of the states hosting the biggest b [...]