Revolut wants to let Nik Storonsky borrow $250mn against his own shares

Revolut has asked its shareholders to let Nik Storonsky borrow up to $250mn against his stake in the company, five times what the current rules permit. The request went to investors last week as part [...]

Callosum raises $100m to make AI workloads cheaper, with the British state on the cap table

Callosum has raised $100m, six months after leaving stealth with a tenth of that, and the round includes money from the British state. Bloomberg reported the raise, describing the UK’s public AI fu [...]

A Berkeley professor wrote about students cutting corners, but a detector flagged her op-ed

Zvezdelina Stankova published an op-ed on 15 August arguing that Berkeley admits students who cannot do middle school mathematics. Within days, the argument had been overtaken by a question about how [...]

China’s robot traffic police can do almost everything except stop you

China’s robot traffic police can direct cars, scold jaywalkers, and give a lost tourist directions to the nearest metro station. What they cannot do is stop anybody, and that limitation is written i [...]

Skanska takes a $1.2bn order to build four US data centres for an unnamed client

Skanska has signed a $1.2bn contract to build four data centres in the southeastern United States, the largest single data centre order the Swedish construction group has announced. The client is an e [...]

YouTube starts funding shows directly to keep creators from licensing to Netflix

YouTube is offering some of its largest creators multi-million-dollar packages to keep their work off Netflix, according to reporting first published by Bloomberg. Several agreements are said to be cl [...]

The Justice Department is backing xAI against Minnesota’s nudify ban

The US Department of Justice has stepped into a court fight on the side of Elon Musk’s xAI. It is backing the company’s challenge to a Minnesota law that bans AI “nudification” tools. A federa [...]

A “private and secure” face-search tool left 9 million photos exposed

A people-search tool that promises “private and secure” searches left more than 9 million image files exposed online, including photos of people’s faces. A security researcher found the unprotec [...]

Relativity Networks raised $22mn to make AI’s fibre run at nearly light speed

Relativity Networks has raised $22mn and landed a $40mn order from a large cloud provider. The company is pitching a faster kind of fibre for AI data centres. The Orlando-based company announced the f [...]