The Current Series E values the US neobank at $1.5bn, a third below its 2021 peak, even as revenue grew 70% for a third year. An IPO is the goal.

Shanghai lab backed by Jiao Tong University and startup Lightelligence aims to build light-based AI chips as Beijing seeks alternatives to restricted US semiconductors.

Bloomberg: SpaceX hit latency issues and chip mismatches connecting Colossus 1 to its other data centres. It rented the facility to Anthropic for $1.25B/month.

Avataar AI launched Varya, an open-weight video model for India at $0.005/second. It renders Indian clothing, food, and festivals that Western models miss.

A class-action lawsuit alleges SpaceX's Starship launches caused foundation cracks, burst pipes, and warped floors in homes near Starbase. Housing costs doubled.

Cloud Architect Nodir Safarov of SOTI Inc. identifies the five architectural failures behind the most common enterprise cloud security gaps, from post-deployment patching to configuration drift, and ...

Google filed a lawsuit against Outsider Enterprise, which used Gemini AI to generate phishing code and sent 2.5M scam texts in two weeks. The FBI is involved.

AI licensing pacts with Udio and Klay, a landmark fraud guilty plea, Apple Music's 2bn fake streams, and a looming royalty rate fight are reshaping the music business.

IMF boss Georgieva said Mythos is "just the beginning" and warned the AI boom could turn into a bust. She called for urgent global cybersecurity cooperation.

Mozilla's CEO says just 1% of Firefox users turned off AI entirely. The browser now offers BYO AI models, a built-in VPN with 1.5M signups, and a fall redesign.

A major Meta outage hit Facebook, Instagram, WhatsApp and Messenger worldwide. Down Detector logged 130,000+ reports before service began to return.

Mistral is in funding talks to raise about €3bn at a roughly €20bn valuation, Bloomberg reports, nearly doubling the European AI champion's September price.