Chinese electric vehicles face 125% cumulative tariffs, a proposed Senate ban, and fierce opposition from lawmakers and the US auto industry. But there is a growing possibility that Chinese EVs will be sold in the US within the next few years. The routes in are multiplying: through Canada, Mexico, and partnerships with the very automakers […] This story continues at The Next Web Read more ›
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Modern derivatives and digital asset markets operate under a persistent drag of operational friction. A recent Nasdaq survey reveals that 70% of global firms experience settlement failures on a daily basis. This structural inefficiency forces institutions to maintain excess overnight collateral buffers, tying up capital that could otherwise generate returns. The inability to mobilize assets […] This story continues at The Next Web Read more ›
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The two hacks came a little over two weeks apart. On 1 April, attackers drained roughly $285 million from Drift Protocol, a Solana-based derivatives exchange, after spending months posing as a quantitative trading firm to trick employees into authorising malicious transactions. On 18 April, a separate group exploited a single-verifier flaw in Kelp DAO’s […] This story continues at The Next Web Read more ›
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Asked what kind of guardrails on the way out, the US president told reporters on Air Force One: ‘standard guardrails that we talk about all the time’. H200 deliveries to ten cleared Chinese buyers remain stalled. Donald Trump told reporters on Air Force One on Friday that he and Xi Jinping discussed AI guardrails and […] This story continues at The Next Web Read more ›
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Elon Musk’s platform has agreed to review illegal hate and terrorism posts within a day on average, restrict UK-proscribed groups, and report quarterly to the regulator. A separate Ofcom investigation continues. X has agreed to a set of commitments on illegal hate speech and terrorist content with Ofcom, Britain’s communications regulator said on Friday, after […] This story continues at The Next Web Read more ›
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Artificial intelligence has held an indomitable presence within conversations surrounding architecture, design, and other creative industries. Though Robert Polacek, co-founder and creative director of RoseBernard Studio, believes the most important discussions have left the bandwagon of replacement and uncertainty. Instead, his focus pivots to how technology can expand creative capacity and create stronger opportunities for collaboration across the […] This story continues at The Next Web Read more ›
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Gemini Space Station shares surged more than 20% in premarket on Friday after the Winklevoss Capital Fund bought $100m of stock at $14, well above Thursday’s $5.26 close, and the exchange reported a smaller Q1 loss than expected. The Winklevoss twins have written a $100m cheque to their own company. Winklevoss Capital Fund, the family […] This story continues at The Next Web Read more ›
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Pershing Square has taken a new position in Microsoft, with the size to be disclosed in a 13F filing later on Friday. The stock is down roughly 16% year-to-date. Bill Ackman has bought Microsoft. Pershing Square’s chief executive said on X on Friday morning that the fund had taken a new position in the software […] This story continues at The Next Web Read more ›
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The round, led by Schroders Capital, follows January’s acquisition of Berlin-based StackFuel and 50% year-on-year revenue growth. Customers include the AA, Babcock, and Capital. Multiverse, the London-based AI- and tech-upskilling platform founded by Euan Blair, said on Friday it had raised $70m in primary funding led by Schroders Capital, at a $2.1bn valuation. Existing investors, […] This story continues at The Next Web Read more ›
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A federal judge in San Francisco wanted more detail on lawyers’ fees and lead-plaintiff payments before signing off on what would be the largest copyright settlement in US history. A federal judge in San Francisco declined on Thursday to give final approval to Anthropic’s proposed $1.5bn settlement with authors who say the company trained its […] This story continues at The Next Web Read more ›
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The Singapore-controlled, Tata-minority data-centre operator has invited banks to pitch this month. The listing would slot in ahead of Sify and Yotta in India’s first wave of pure data-centre IPOs. STT Global Data Centres India is preparing an initial public offering in Mumbai that could raise up to $500m, Bloomberg reported on Friday, citing people […] This story continues at The Next Web Read more ›
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The company dropped its preconditions on Friday. The NSEU said it would hear new offers from 7 June, three days after the planned 18-day walkout ends. Samsung Electronics asked its largest union on Friday to come back to the bargaining table without conditions. The union said yes, eventually. Talks could resume on 7 June, the […] This story continues at The Next Web Read more ›
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Barclays Climate Ventures and Two Seas Capital led the British precision-liquid-cooling company’s Series B, with existing backers ABC Impact, Northern Gritstone, Edinv, and British Patient Capital all returning Iceotope, the British precision-liquid-cooling company, has closed a $26 million Series B round to expand its product line and patent portfolio as the AI hardware cycle pushes […] This story continues at The Next Web Read more ›
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Greer told Bloomberg TV the bilateral did not address chip controls, even as Reuters reported the Trump administration cleared Nvidia H200 sales to several Chinese firms after the Xi meeting. Semiconductor export controls were not a major topic at this week’s US-China bilateral meetings in Beijing, US Trade Representative Jamieson Greer told Bloomberg TV on […] This story continues at The Next Web Read more ›
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Three weeks of testimony in Judge Gonzalez Rogers’s Oakland courtroom end with Musk in Beijing on Trump’s state-visit delegation and deliberations beginning Monday. Closing arguments in Musk v. Altman wrapped on Thursday afternoon in Judge Yvonne Gonzalez Rogers’s Oakland courtroom, sending the nine-person jury home for the weekend and into deliberations that begin Monday. Three […] This story continues at The Next Web Read more ›
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For ten months, Figma has been a case study in how quickly Wall Street can fall out of love. The company went public on 31 July 2025 at $33 a share, soared past $140 on its debut, and has spent most of 2026 in freefall, battered by Google’s free Stitch design tool, Anthropic’s Claude […] This story continues at The Next Web Read more ›
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Joshua Kushner’s Thrive Capital has taken a roughly $100 million stake in Shopify, according to Bloomberg, which cited people familiar with the matter. The investment is notable less for its size, $100 million is a rounding error in a firm that raised more than $10 billion for its latest fund, than for what it signals […] This story continues at The Next Web Read more ›
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Alex Karp has spent the past fortnight telling anyone who will listen that Palantir Technologies is indispensable. Retail investors and the German military have arrived at the opposite conclusion, and their timing is almost perfectly synchronised. In the week through 13 May, individual investors were net sellers of $82 million worth of Palantir shares, […] This story continues at The Next Web Read more ›
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For years, the electric vehicle industry’s biggest problem had a name: range anxiety. Now, according to the chief executive of Polestar, the anxiety has moved to the other side of the forecourt. “People are concerned, ‘how much do I pay at the gas station?’” Michael Lohscheller told CNBC’s Squawk Box Europe on Wednesday, coining […] This story continues at The Next Web Read more ›
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OpenAI’s partnership with Apple, announced to considerable fanfare in June 2024, is fracturing. The AI company’s lawyers are actively working with an outside legal firm on options that could include sending Apple a formal notice alleging breach of contract, according to Bloomberg, which cited people familiar with the deliberations. No lawsuit has been filed, […] This story continues at The Next Web Read more ›
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Carta has spent the past eight months buying its way toward something that did not exist a year ago: a single platform that handles dealmaking, fund operations, investor relations, and now legal and compliance work for the private capital industry. The acquisition of Avantia, a UK-based AI-powered law firm for asset managers, is the […] This story continues at The Next Web Read more ›
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10.06.2026 19:31
Last update: 19:25 EDT.
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