TECH NEWS
IBM spin-off's top brass bag six-figure stock awards Timing, as we noted previously, is everything. Now hard-pressed tech services biz Kyndryl is dishing out shares worth hundreds of thousands of dollars to execs in the middle of a redundancy program – and some staff are not amused. According to
TECH NEWS
NTT DATA has expanded its work with Google Cloud on enterprise AI deployments using Gemini Enterprise. The companies said the work will focus on helping organisations move AI projects beyond pilot stages and into production environments. The collaboration combines Google Cloud’s AI, data, and cloud platform capabilities with NTT
TECH NEWS
TL;DR Fujikura is raising fibre-optic cable prices as nearly every US hyperscaler places orders and supply stays tight. The CEO says the company will beat its forecast despite shares falling 40% from their May peak. Fujikura, the Tokyo-based fibre-optic cable manufacturer, is raising prices on the cables that connect
TECH NEWS
TL;DR Perplexity AI is sticking with a 2028 IPO timeline while OpenAI and Anthropic race to list in 2026. CEO Srinivas says the plan hasn’t changed and the market can absorb multiple AI listings. Perplexity AI plans to go public in 2028, and CEO Aravind Srinivas told CNBC
TECH NEWS
TL;DR BYD predicts China will reach 80% EV penetration as gas car sales plunge 39%, but faces the Pentagon’s 1260H list and Hungary labour scrutiny. BYD’s executive vice president Stella Li told CNBC on Monday that China’s EV market will push to close to 80% penetration,
TECH NEWS
TL;DR Apple rebuilt Siri on a custom 1.2T-parameter Gemini model running on Nvidia Blackwell GPUs in Google Cloud. Federighi says requests are never stored. The company unveiled five new AI models and a three-tier privacy architecture. Apple’s most important AI announcement at WWDC 2026 was not a
TECH NEWS
TL;DR Databricks is in talks to raise at $165-175bn, four months after closing at $134bn. CEO Ghodsi has privately signalled an IPO as soon as next year. Discussions are early-stage and the round has not closed. Databricks is in talks to raise a new funding round at a valuation
TECH NEWS
TL;DR The Prince of Wales will attend London Tech Week for the first time, chairing a panel with Salesforce, Bloomberg Philanthropies, and NatWest on using data to prevent homelessness. Homewards is an official event partner. The Prince of Wales will attend London Tech Week on Wednesday for the first
TECH NEWS
Enterprise AI has a stalling problem, and it is not the models. Companies have poured money into chips, private clouds, and pilot projects, then watched most of them stop before they ever reached production. A London company called Deliverance AI thinks it knows why, and on Tuesday it came out
TECH NEWS
Europe has the ambition to reach space on its own. What it lacks is rockets that work. Isar Aerospace has just raised €270mn to fix the first problem, and in less than a week it gets another chance to fix the second. The Munich startup, one of Europe’s best-funded
TECH NEWS
Six months ago, ICEYE was worth €2.4bn. Today it is worth more than €10bn. Few numbers capture Europe’s defence-tech boom as bluntly as that. The Finnish satellite company has raised €450mn in a Series F round led by General Atlantic, valuing it at over €10bn ($11.5bn), a
TECH NEWS
China wants to win the AI race on its own hardware. A new plan shows just how much it is willing to spend, and how far it will go to cut American chips out of the picture. Beijing is drafting a blueprint to spend around 2 trillion yuan ($295bn) over
