Foxconn crossed a line this quarter that it will not cross back. Its cloud and networking division, the one that builds AI servers, made up 51% of revenue in the three months to June. That is the firs [...]
Lovable is worth $13.3bn and its revenue is tripling. The interesting name on the cheque is the European Union. Lovable has raised $400m at a $13.3bn valuation. The Stockholm company lets people build [...]
Manus is leaving Meta. The Chinese agent startup told users this week that it will “soon return to operating as an independent company”. That is not a change of heart. Beijing refused to let the a [...]
The researcher who led Alibaba’s Qwen models has started his own company. Junyang Lin announced Pragmatik Labs on X on Tuesday evening, five months after walking out of Alibaba. The lab is based in [...]
Navi, the Indian fintech founded by the Flipkart co-founder Sachin Bansal, has raised $100mn from the investor Prosus. It is the first outside institutional funding for the eight-year-old company, Tec [...]