UK fintech funding has fallen to its lowest level in at least a decade

Funding for UK fintech companies has dropped to its lowest level in at least ten years, according to Bloomberg, which reported the figures on Sunday. The decline lands on a sector that Britain has sp [...]

Phonak’s new EON hearing aids run two AI systems on a chip built to sip power

Phonak has launched EON, a hearing aid platform built around a newly developed processor the company calls HYPERSONIC, which it says runs two artificial intelligence systems in parallel while drawing [...]

Alibaba launches Wan3.0, its 30-second video model, days after raising $10bn

Alibaba has launched Wan3.0, the latest version of its video generation model, days after raising roughly $10.2bn in a Hong Kong share placement whose proceeds it has earmarked entirely for AI. The [...]

XPENG’s robotics arm has raised more than $900M ahead of its humanoid production run

XPENG said on Monday that its robotics business has raised more than $900M in what the company described as its first funding round, a substantial sum for a unit that has yet to sell a single robot co [...]

GoWish, the Danish wishlist app, is valued at more than $200mn ater its last raising

GoWish has raised fresh funding at a valuation of more than $200mn, according to Bloomberg, which reported the round on Monday. The company is one of the more unusual businesses to come out of Copenh [...]

Thomson Reuters built its own model on a Chinese open base

Thomson Reuters launched its first proprietary large language model on Monday. The company calls it Thomson. It says it spent $40mn on talent and compute to train the model, and that it began from wha [...]

Employer of record or entity: choose before someone chooses for you

Almost nobody plans how to employ people abroad. They solve one urgent hire, and three years later that improvised answer has become the company’s international employment structure. Fourteen contra [...]

Xiaomi’s new Xring O3 is built at TSMC, and aimed at a few hundred thousand phones

Xiaomi has launched the Xring O3, a system-on-chip that TSMC will manufacture on its 3-nanometre process, according to two people familiar with the matter who spoke to Reuters. The chip pulls comput [...]

Twitch and Amazon face a class action over livestream AI training

A Twitch streamer sued Twitch and Amazon on 20 August over the use of livestreams to train Amazon’s generative AI. The complaint runs to 37 pages. Counsel filed it in the Northern District of Califo [...]