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 [...]

ChatGPT has quietly stopped writing like your favourite author

Ask ChatGPT for a chapter in the voice of Stephen King and it now says no. It offers instead to write something with “the hallmarks of atmospheric, character-driven horror and small-town dread,” w [...]

Xiaomi’s first EV just passed half a million deliveries

Xiaomi’s SU7 sedan passed 500,000 cumulative deliveries on 17 August, 28.5 months after the first handover. Deliveries of that model are down 43.6% this year, even as the company’s overall volume [...]

Tesla beat Q2 delivery estimates and the stock fell. Wednesday’s earnings face the same problem.

Tesla delivered 480,126 vehicles in the second quarter, beating Wall Street estimates with a 25% year-on-year increase. The stock dropped. That reaction tells you everything about where expectations s [...]

A Korean AI model scores every possible driving path for safety before the car moves. CVPR called it a highlight.

Most self-driving AI models study how humans drive and try to copy them. They work well in normal conditions but struggle to explain why they chose one path over another, which becomes a problem when [...]

Kai-Fu Lee stopped building AI models and started selling enterprise data infrastructure. Now 01.ai is heading for a Hong Kong IPO.

Kai-Fu Lee’s 01.ai is raising a pre-IPO round ahead of a planned Hong Kong listing in 2027, the former Google China chief told Bloomberg at the World AI Conference in Shanghai. The company is unwind [...]

Neo exits stealth with $100M from a16z and Bessemer to build a control layer for agentic AI software

Neo emerged from stealth on Monday with $100 million in funding from Andreessen Horowitz and Bessemer Venture Partners, with Craft Ventures and Merlin Ventures also participating. The company, founded [...]

Judge signs off on Anthropic’s $1.5bn book piracy settlement, the biggest in US copyright history

A federal judge in San Francisco has signed off on Anthropic’s $1.5 billion settlement with authors who accused the company of training its Claude models on pirated books, closing what lawyers on bo [...]

China weighs export controls on its own AI models and chips, FT reports

China is considering tightening export controls on its home-grown artificial intelligence models and the chips that run them, according to the Financial Times, in a move that would push Beijing’s t [...]