KPMG secretly and repeatedly accessed a whistleblower’s work computer to extract documents detailing their allegations of data misuse, then shared the material with senior partners and the firm’s former chief executive, the Australian Financial Review has reported. The global accounting firm had the legal right to access an employee’s work laptop. What makes it striking […]

A German court has ruled that Google is directly liable for false claims its AI Overviews make, treating the AI-written summaries as Google’s own speech rather than ordinary search results. It is one of the first rulings to test who is responsible when a generative-AI system gets it wrong, and the answer it gives is […]

Snapchat is restricting how its youngest users share video. From this week, Snapchatters aged 13 to 15 will get a dedicated profile where their Stories and short-form Spotlight clips are visible only to mutually accepted friends, and will no longer be pushed to the wider public on Spotlight. Until now, under-16s could post to Spotlight, […]

Poetic, an AI startup that has been operating in stealth, has emerged with $50M in funding and a $500M valuation to automate some of finance’s most sensitive back-office work, from insurance underwriting to compliance and fraud checks. Its backers include OpenAI, Peter Thiel’s Founders Fund, and Kleiner Perkins. The company was founded by Markie Wagner, […]

Aryon Security, an Israeli cloud-security startup, has raised $29M in a Series A round to push a prevention-first approach to securing the cloud. The round, which the company says brings its total funding to $38M, was led by US-based Brightmind Partners. The investor list is the headline. Shlomo Kramer’s Skinos Ventures, Datadog, Blumberg Capital, and […]

Capsa AI, a London and New York startup building what it calls an “AI operating system” for private capital, has raised $18M in Series A funding. The round was co-led by TX Ventures and Pivot Investment Partners, with participation from Bek Ventures, and takes the company’s total raised to $20M. Every existing institutional backer reinvested, […]

The European Central Bank quietly moved to rein in Revolut last year, restricting Europe’s most valuable fintech from launching new products across the European Economic Area over concerns about how fast it approved them, the Financial Times reported on Wednesday. The intervention had not been disclosed before. The ECB paused Revolut’s European arm from releasing […]

Rivvun AI, a Seattle-based startup founded by former senior executives at contract management platform Icertis, has raised $7.55 million in an oversubscribed seed round co-led by Sitara Capital and 3one4 Capital. The company is building what it calls an autonomous AI execution layer that sits between enterprise systems and recovers money lost in the gap […]

Meta has agreed to lease a 168-megawatt, AI-ready data centre in India from Mukesh Ambani’s Reliance Industries, its first such facility in the country. Reliance will build the site in Jamnagar, Gujarat, and Meta will lease it with an option to scale, the companies said on Tuesday. “This world-class facility in Jamnagar will help us […]

TensorWave, a cloud provider that runs its AI data centres on AMD chips rather than Nvidia’s, has raised $350M in a Series B round led by AMD and the hedge fund Magnetar Capital. The deal values the Las Vegas startup at $1.55bn. That is nearly four times the roughly $400M valuation it carried a year […]