Posts

Showing posts from July, 2026

Fusion’s best-funded bet raised another $1bn, and hired the banker who took Moderna public

Image
The AI boom needs colossal amounts of electricity. That has turned fusion, forever mocked as “30 years away,” into one of the hottest bets in tech. The best-funded player just raised another $1 billion. Commonwealth Fusion Systems, based in Massachusetts, said the round takes its total to $4 billion, roughly 30% of all the money […] This story continues at The Next Web * This article was originally published here

Nvidia announced $750bn of AI deals. Its own credit market flinched.

Image
Nvidia is working on a fresh round of AI infrastructure deals potentially worth more than $750 billion, Bloomberg reported, accelerating a pattern of investment that critics say inflates demand and valuations across the sector. The response from the debt market was unusually direct. Nvidia’s five-year credit default swap spread surged to a record 82 basis […] This story continues at The Next Web * This article was originally published here

Enigma raised $70M to let anyone online control its robots and figure out how humans actually want to talk to machines

Image
Enigma, a robotics research lab less than a year old, is emerging from stealth with a $70 million seed round led by Index Ventures and Ribbit Capital, with participation from Sarah Guo’s Conviction Partners. The startup is not building a foundation model to make robots more capable. It is studying how humans actually want to […] This story continues at The Next Web * This article was originally published here

Apple targets WWDC 2027 for smart glasses but is still deciding on the camera question

Image
Apple is currently aiming to unveil its first smart glasses at next June’s Worldwide Developers Conference, with a consumer release by the end of 2027, according to Bloomberg’s Mark Gurman. But the company’s engineering and marketing teams are still wrestling with a question that will define the product: whether its glasses should include a camera […] This story continues at The Next Web * This article was originally published here

Nvidia is pouring $1 billion into South Korea’s AI infrastructure through Naver and SK Group

Image
Nvidia will invest $1 billion in South Korean internet company Naver to help finance an AI data center under construction in South Korea, the chipmaker announced late Friday. The funding will allow Naver to more than triple the size of the facility from 55 megawatts to 200 megawatts, with US private equity firm Brookfield agreeing […] This story continues at The Next Web * This article was originally published here

Trump’s data centre power pledge draws scepticism from energy experts

Image
On July 23, President Donald Trump stood in the White House and promised that electricity bills for American families would “actually come down,” even as power-hungry AI data centres spread across the grid. T he vehicle was an expanded version of the Ratepayer Protection Pledge, a voluntary scheme first unveiled in March. What energy analysts […] This story continues at The Next Web * This article was originally published here

Google’s Gemini delay exposes a deeper problem: employee morale

Image
Google is losing a race it once led, and the problem may be its own people. Six current and former DeepMind employees told Axios that low morale is slowing the lab’s model releases, Axios reported. The immediate symptom is Gemini 3.5 Pro. Google’s most powerful model is months behind, according to Bloomberg. Google did ship […] This story continues at The Next Web * This article was originally published here

Revolut hits $115 billion valuation as it becomes the first global fintech with an Australian banking licence

Image
Revolut confirmed on Tuesday that a secondary share sale has valued the digital bank at $115 billion, a 53 percent jump from the $75 billion it reached in November 2025. The sale priced shares at $2,017 each, according to Bloomberg. The valuation makes Revolut the most valuable private fintech company in the world by a […] This story continues at The Next Web * This article was originally published here

Natural raised $30M to build a Stripe for AI agents, before Stripe gets there

Image
The next big customer for a payments company may not be a person at all. It may be an AI agent, and a startup called Natural has raised $30 million to serve it. The Series A was led by Kirsten Green at Forerunner Ventures, and closed when Natural was just 193 days old. It takes […] This story continues at The Next Web * This article was originally published here

Google’s AI cited Facebook 19.5 million times, new research finds

Image
When Google’s AI answers a question, it is increasingly not reading a website. It is reading a Facebook post. New data suggests social platforms have become a core source for Google’s AI answers. Often the user never visits the platform at all. The findings come from BrightEdge, an enterprise SEO firm. Its tool tracks roughly […] This story continues at The Next Web * This article was originally published here

Rob Gurzeev on Why AI Has Changed Cybersecurity’s Biggest Blind Spot

Image
Artificial intelligence is transforming how software is built, deployed, and secured. While AI has accelerated innovation across industries, it has also expanded the number of internet-facing assets organizations need to protect. According to Rob Gurzeev, CEO and Co-Founder of CyCognito, the challenge is no longer just identifying known vulnerabilities. It is understanding what is actually […] This story continues at The Next Web * This article was originally published here

France and Germany pledge to build a European rival to Palantir’s military AI software

Image
France and Germany pledged on Friday to develop a European alternative to Palantir’s military AI software. A joint declaration signed after talks between Emmanuel Macron and Friedrich Merz committed the two countries to examine “a European sovereign digital backbone” covering data-centric security, AI, and cloud solutions. France’s Arcadia, an AI-powered command-and-control platform, was named as […] This story continues at The Next Web * This article was originally published here

ASML will give every employee a €20,000 bonus as AI demand drives record sales

Image
ASML will give all employees globally a one-time €20,000 ($22,862) share award, the company confirmed on Friday. The bonus vests on January 1, 2030, for staff who remain with the company for the entire period. About 45,000 people work at Europe’s most valuable company. The payout joins a wave of AI-boom bonuses across the chip […] This story continues at The Next Web * This article was originally published here

The UK won’t restrict VPNs after all, and its own research is why

Image
The UK looked set to crack down on VPNs as it tightens the rules for children online. Instead it has backed off, and its own research is the reason why. Online Safety Minister Kanishka Narayan put it plainly on the BBC. “We decided not to limit VPNs,” he said. A VPN hides a user’s real […] This story continues at The Next Web * This article was originally published here

CXMT prices a record $8.5bn Shanghai IPO, valuing China’s memory champion at $85bn

Image
China’s biggest memory chipmaker is about to test the public markets. ChangXin Memory Technologies, known as CXMT, has priced its Shanghai IPO at 8.66 yuan ($1.28) a share, the South China Morning Post reported. The sale will raise about 57.9 billion yuan, or $8.5bn. That would make it the largest listing by a Chinese semiconductor […] This story continues at The Next Web * This article was originally published here

Demis Hassabis wants a Wall Street-style referee for AI, with the power to hit pause

Image
The man behind Google’s AI thinks the world needs a referee. And he has drafted the rules. Demis Hassabis wants a US-led watchdog that vets frontier models before release. It is modelled on Wall Street’s policeman, and it could slow the whole industry down. Demis Hassabis does not usually sound the alarm. On Tuesday he […] This story continues at The Next Web * This article was originally published here

Apple’s lawsuit is already hurting OpenAI, long before a verdict

Image
Apple’s lawsuit against OpenAI may not reach a courtroom for years. It is already doing damage. When Apple sued OpenAI on Friday for stealing hardware trade secrets, the attention went to the lurid detail. There were “show and tell” interviews and an engineer who kept his work laptop. One even texted a colleague: “LOL, I […] This story continues at The Next Web * This article was originally published here

While Neuralink drills into skulls, China’s BrainCo is betting brain tech will be something you wear

Image
The most visible race in brain-computer interfaces involves surgery. But one of China’s most valuable neurotech firms is deliberately not competing in it, CNBC reports. BrainCo, based in Hangzhou, builds devices that read the brain from outside the skull. Headbands and caps pick up electrical signals through the scalp, with no operating theatre involved. The company […] This story continues at The Next Web * This article was originally published here

The EU says autoplay and infinite scroll are illegal. Meta has until it responds to disagree.

Image
The European Commission issued preliminary findings on Friday accusing Meta of building Facebook and Instagram to be addictive, giving the company a formal opportunity to respond before Brussels reaches a final decision that could trigger fines of up to 6% of its global annual revenue. Based on Meta’s 2025 turnover of roughly $201 billion, that […] This story continues at The Next Web * This article was originally published here

Cloudflare spent a year blocking AI crawlers. Now it’s helping OpenAI index the web

Image
Cloudflare has spent a year arming websites against AI crawlers. Now it wants to help one crawl better. The company said on Wednesday it is running a research pilot with OpenAI to test whether its network data can make AI search more accurate. Cloudflare sits in front of more than a fifth of the web. […] This story continues at The Next Web * This article was originally published here

Klarna applies for a US banking licence, its boldest American move yet

Image
Klarna wants to be a real American bank. The Swedish BNPL giant has applied for a US banking licence, betting a friendlier Washington will let it crack a market that has bruised European rivals. Klarna has applied to US regulators to set up its own bank, tech.eu reports. The Swedish fintech filed with the Utah […] This story continues at The Next Web * This article was originally published here

US control of frontier AI hangs over NATO’s Ankara summit

Image
Donald Trump arrives at next week’s NATO summit in Ankara holding unusual leverage, because the US decides which allies get access to the world’s most advanced AI, Politico reports. The alliance meets on 7 and 8 July with AI security questions hovering over the agenda. A new wave of models from Anthropic and OpenAI can find […] This story continues at The Next Web * This article was originally published here

Investors sue Oracle, say it hid how shaky the OpenAI deal was

Image
The strain inside the AI boom’s biggest infrastructure bet has reached a courtroom. Oracle’s own investors are suing, saying the company hid how shaky its $300bn deal with OpenAI really was. A Michigan public pension fund, the City of Sterling Heights Police & Fire Retirement System, filed the class action on Wednesday in a Tennessee […] This story continues at The Next Web * This article was originally published here