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Showing posts from May, 2026

Apple destroyed the mid-tier watch market. Now it’s coming for the $200 billion eyewear industry.

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When Apple launched the Apple Watch in 2015, the mid-tier wristwatch market had a handful of dominant companies. Swatch Group sold watches under Tissot, Hamilton, and Longines. Fossil Group sold under Michael Kors, Armani, and Kate Spade. Movado sold under Coach, Hugo Boss, and Tommy Hilfiger. Ten years later, the damage is quantifiable. Swatch’s revenue […] This story continues at The Next Web * This article was originally published here

Anthropic named eight firms selling its shares illegally. After the backlash, it quietly removed four.

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Anthropic updated its warning about unauthorized secondary market platforms selling its shares, cutting the list from eight firms to four. The revised version names only Open Door Partners, Unicorns Exchange, Pachamama, and Upmarket. Several of the most prominent names in private market trading, including Hiive, were removed. The original notice, published earlier this month, stated […] This story continues at The Next Web * This article was originally published here

Morgan Stanley doubles its forecast: European banks could shed 20% of jobs on AI

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The May estimate is twice the bank’s January figure, and the workforce cuts are already happening at UBS, ABN Amro and HSBC. Morgan Stanley has doubled its forecast for AI-driven job losses across the European banking sector, estimating that as much as 20% of total banking employment could be eliminated by 2030 as lenders push […] This story continues at The Next Web * This article was originally published here

Stord raises $250 million to give independent brands the shipping speed they need to compete with Amazon

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Stord, a logistics technology company that helps retailers manage inventory, checkout, and fulfillment, has raised $250 million in a Series F round that values the company at $3 billion. The round was led by Strike Capital with participation from Founders Fund, Kleiner Perkins, Franklin Templeton, Baillie Gifford, G Squared, and Bond. The funding doubles Stord’s valuation […] This story continues at The Next Web * This article was originally published here

PerPlant raises €1M to put AI cameras on tractors, and 200,000 hectares in the bank

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The Copenhagen agtech has already mapped nine times more European farmland than every Danish agricultural drone combined. Two well-known Nordic investors want the United States next. The pitch behind PerPlant is one a farmer can grasp in a sentence: a box on the roof of the tractor, a camera looking at the field, an AI deciding which […] This story continues at The Next Web * This article was originally published here

This Zurich startup built a four-armed robot for space stations. Each astronaut hour it saves is worth $140,000.

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Orbit Robotics, a Zurich-based startup, has unveiled Helios, a four-armed robot designed to work inside space stations. In microgravity, legs are useless. Helios replaces them with two extra arms that serve as both mobility aids and working hands. The design logic is simple. Two arms anchor the robot to the station interior while the other […] This story continues at The Next Web * This article was originally published here

SpaceX’s IPO filing reveals Musk’s clean energy contradiction. xAI burns gas while Tesla sells solar.

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The SpaceX IPO prospectus, filed on Wednesday, contains a vision for terawatt-scale space-based solar power. It also reveals, through what it does not say, that Elon Musk’s AI company xAI is running its data centres on unregulated natural gas turbines, with plans to buy $2.8 billion more. Tesla, the company Musk built on the promise […] This story continues at The Next Web * This article was originally published here

Grok’s federal stall is undercutting SpaceX’s IPO growth story

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Downloads have fallen from 20m in January to 8.3m in April, paid conversion is a fifth of ChatGPT’s, the $0.42-per-agency GSA deal is now stalled, and SpaceX has rented out the Memphis Colossus 1 cluster to Anthropic for $1.25bn a month. SpaceX’s S-1 filed on Tuesday rests on an AI-revenue line Grok is no longer […] This story continues at The Next Web * This article was originally published here

NextEra agrees $67bn all-stock deal for Dominion in largest power acquisition ever

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The all-stock takeover, the largest power acquisition ever, gives NextEra the utility that runs Northern Virginia’s data-centre belt and consolidates the bidding power on the demand side of the AI-electricity trade. NextEra Energy has agreed to acquire Dominion Energy for about $67bn in an all-stock deal, Bloomberg reported on Monday, in what would be the […] This story continues at The Next Web * This article was originally published here

How workplace infrastructure supports business performance

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Every strong business is built on a firm foundation. This “infrastructure” is critical to surviving the demands of a startup, the pressures of scaling and the momentum of success. Workplace infrastructure is key to how a company performs. It enables activities, efficiencies and productivity. These components collectively help a company sink or swim over time. […] This story continues at The Next Web * This article was originally published here

Faraday Future raised $25 million for its robotics pivot. The fine print tells a different story.

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Faraday Future announced on Thursday that it has raised $25 million through convertible promissory notes, bringing its total financing over the past two months to $70 million. The company says the capital is sufficient to fund Phase 1 of its robotics business plan through the end of 2026. The stock, which trades on Nasdaq under […] This story continues at The Next Web * This article was originally published here

Shein takes Temu to London’s High Court over “industrial-scale” copyright theft

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The two-week trial opened Monday. Shein’s complaint covers around 2,300 product images; Temu has abandoned its defence of those images and is countering with anti-competition claims. Shein accused Temu of copyright infringement “on an industrial scale” as a two-week trial opened at London’s High Court on Monday. Shein’s barrister, Benet Brandreth, told the court Temu […] This story continues at The Next Web * This article was originally published here

Alibaba integrates Qwen AI with Taobao for end-to-end agentic shopping

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The Qwen app gets access to Taobao and Tmall’s catalogue of more than 4 billion items, plus Alipay-native checkout, in what is the largest agentic-commerce launch yet from a Chinese platform. Alibaba is integrating its Qwen AI app with Taobao and Tmall, the company’s two largest consumer marketplaces, in what amounts to the most ambitious […] This story continues at The Next Web * This article was originally published here

A manual pentest costs 50,000 dollars. Intruder built an AI that does it in minutes.

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  A manual penetration test costs between 10,000 and 50,000 dollars. It takes weeks to schedule, days to execute, and produces a report that is out of date before the ink dries. Intruder, a London-based cybersecurity company that graduated from GCHQ’s Cyber Accelerator, has launched AI pentesting agents that replicate the methodology of a human […] This story continues at The Next Web * This article was originally published here

Europe’s finance chiefs want Mythos access to defend their banks. Washington has so far said no.

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An Anthropic AI model that can find zero-days in every major operating system has become a geopolitical and prudential question. The Eurogroup met in Brussels on Monday with no answer in hand. Brussels on a Monday morning in early May is not, by tradition, the place where the world’s most powerful AI model gets discussed. […] This story continues at The Next Web * This article was originally published here

Foreign automakers are not staging a comeback in China. They are learning to be the junior partner.

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In January and February 2026, Volkswagen reclaimed the top position in China’s passenger vehicle market with a 13.9 per cent share, narrowly ahead of Geely at 13.8 per cent. Toyota’s joint ventures held 7.8 per cent. BYD, which dominated 2024 and much of 2025 as the world’s largest EV maker, slipped to fourth at 7.1 […] This story continues at The Next Web * This article was originally published here

The EVs America is losing in 2026 are not failing. They are being tariffed out of existence.

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  At least a dozen electric vehicle models have been discontinued, paused, or cancelled in the United States this year. The list includes some of the most recognisable names in the industry: Tesla’s Model S and Model X, Honda’s entire 0 Series, the Volvo EX30, the BMW i4 and iX, the Hyundai Kona Electric and […] This story continues at The Next Web * This article was originally published here