TECH NEWS
Databricks, a data and artificial intelligence (AI) platform provider, has signed a term sheet to raise a new strategic funding round at a $188 billion valuation, with the company planning to use the capital to expand its enterprise AI platform and support future acquisitions. The funding round is being led
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True the Vote, the election denial group responsible for the debunked film 2000 Mules that falsely alleged election fraud in the 2020 election, is preparing to release a new movie. As President Donald Trump continues to threaten the midterms, the new film is set to relitigate the 2020 election, making
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As cases of the diarrhea-causing parasite cyclospora rise across the US, former employees of the Centers for Disease Control and Prevention say the country’s response is being severely hampered by personnel cuts at the agency. Amid mass government layoffs last year implemented by President Donald Trump and his so-called
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A specific multi-touch gesture bypasses an authentication prompt, allowing anyone to send messages Picture this. Someone gets hold of your Android phone and, despite not knowing your PIN, they can use Gemini from the lock screen to send SMS or WhatsApp messages as you. This is a real bug and
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Balaji Srinivasan built Network School as a working prototype of the “network state,” his theory that an internet country of engineers and founders can eventually do the work of a real one. This week a real one reminded him who still holds the passports. The former Coinbase chief technology officer
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The most precise figure yet attached to DeepSeek’s worth did not come from the lab, its bankers or its founder. It surfaced in a stock-exchange filing by Anhui Korrun, a Chinese luggage maker, which discloses a stake small enough to imply the Hangzhou AI startup is valued at around
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PayPal’s board reckons that a $53bn (£39bn) joint takeover approach from Stripe and the private-equity firm Advent International sells the payments pioneer short, the latest twist in a fast-moving round of payments consolidation. People familiar with the talks told Reuters the directors view the offer as inadequate and have
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Xi Jinping told the World AI Conference in Shanghai on Friday that artificial intelligence “should not be a solo performance by a single country, but a symphony of international cooperation,” casting Beijing as the patron of open, shared technology. The line, aimed at the developing world and, by implication, at
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TL;DR Google has paid its record 4.6bn euro EU Android antitrust fine, and because EU fines are not earmarked, the money flows into the central budget and reduces member states’ contributions for the following year. Germany, which shoulders about a quarter of the budget, could save roughly 1bn
TECH NEWS
$188bn is a large number for a company that keeps insisting it is in no rush to go public. That is the valuation Databricks has reached in a new funding round led by Coatue Management, a figure first reported by the Wall Street Journal. The mark sits well above the
TECH NEWS
Japan’s three biggest power-chip makers want to become one company, and the wiring is proving harder to rearrange than the ambition. Mitsubishi Electric is exploring a combination of its power-semiconductor operations with those of Rohm and Toshiba, according to people familiar with the matter cited by Bloomberg. The talks
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Sixty billion dollars is a lot of bond, even by SoftBank Group’s standards. The Japanese conglomerate is reportedly preparing to raise up to that much in fresh debt, according to Bloomberg, a target that would eclipse anything Masayoshi Son’s firm has sold before and that lands squarely behind
