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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China’s export earnings have reached roughly $500m an hour, according to a Bloomberg calculation based on the latest customs data, with AI-related goods accounting for about half of the year-on-year growth that has driven the figure to record levels. Total Chinese exports rose 14.1% year-on-year in April to a record $359.4bn, comfortably ahead of consensus […] This story continues at The Next Web Read more ›
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The former OpenAI chief scientist, who now runs Safe Superintelligence, gave the figure under oath. It places him among the largest individual shareholders in the company. Ilya Sutskever, the former chief scientist of OpenAI who now runs Safe Superintelligence Inc., disclosed during testimony in the Musk-OpenAI litigation on Monday that his ownership stake in OpenAI […] This story continues at The Next Web Read more ›
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ServiceNow is looking to raise approximately $4bn in a US high-grade bond sale to refinance debt taken on to fund its acquisition of cybersecurity firm Armis Security, Bloomberg reported on Monday. JPMorgan Chase, Wells Fargo, Barclays and Citigroup organised investor calls on Monday ahead of the issuance. The trade will replace a $4bn unsecured term […] This story continues at The Next Web Read more ›
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The European Commission president said an EU age-verification app is technically complete and that bloc-level rules on minimum social-media ages are next. France, Spain, and several others are already moving alone. European Commission President Ursula von der Leyen on Tuesday set out the EU’s plan to extend protections for children online, telling MEPs the bloc’s […] This story continues at The Next Web Read more ›
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The US Commerce Department has removed from its website the details of an agreement under which Microsoft, Google, and xAI agreed to submit new AI models to government scientists for security testing before release, Reuters reported on Monday. The original page, posted on 5 May, said the three companies would hand over their frontier AI […] This story continues at The Next Web Read more ›
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The Nvidia CEO is not on the list of US executives travelling to Beijing for the Trump-Xi summit. Apple’s Tim Cook and Tesla’s Elon Musk are among those attending; the trip’s focus is reportedly agriculture, manufacturing, and aviation. NVIDIA CEO Jensen Huang will not join President Donald Trump’s business delegation to China this week, Reuters […] This story continues at The Next Web Read more ›
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Attorney General Ken Paxton filed the suit on Monday, alleging Netflix collects user data without consent and uses autoplay to keep children watching. Netflix calls the suit meritless. Texas Attorney General Ken Paxton sued Netflix on Monday, alleging the streaming company collects user data without consent and designs its platform to be addictive, particularly for […] This story continues at The Next Web Read more ›
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Prosus is targeting $3.6bn in annual revenue from Just Eat Takeaway, the European food-delivery business it bought for €4.1bn last year, the Napers-controlled investor said in a strategy update on Tuesday. The figure sets a near-term commercial target for the asset that Prosus has spent the past nine months integrating. The company said it plans […] This story continues at The Next Web Read more ›
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Ditto, an Amsterdam-based health-tech building AI-generated summaries of medical appointments for patients, has raised €7.6m, the company said on Monday. The round is led by Heal Capital with participation from Rubio Impact Ventures. Earlier backer Chris Oomen, chair of Optiverder, has also participated. The funding will support expansion into Germany, the UK, and Spain this […] This story continues at The Next Web Read more ›
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Visionaries Club returns; Stéphane Kurgan (ex-King COO) and Miro founder Andrey Khusid join. Total funding now over $30m in less than two years. The London fintech says its customers see late-payment rates 7x lower than the UK SME average. Adfin, the London-based fintech building an agentic money-movement platform, has raised $18m in a Series A […] This story continues at The Next Web Read more ›
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Senior figures from OpenAI, Anthropic, DeepMind, Hugging Face, Mistral, Datadog and Sentry have backed the Seed. The platform claims more than one billion API requests served and lists Lovable and two of the world’s largest digital banks among its customers. White Circle, a platform that helps companies monitor, secure and control AI models in production, […] This story continues at The Next Web Read more ›
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Paymentology, the London-based global issuer-processor, has raised $175m in a round co-led by Apis Partners and Aspirity Partners, the company said on Tuesday. Apis invested through its Apis Growth Fund III vehicle, which the firm said takes its total payments-sector investment count to 16. For Aspirity, a pan-European private-equity firm focused on financial technology and […] This story continues at The Next Web Read more ›
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Nscale, the vertically integrated AI-infrastructure company, has secured an additional $790m of debt financing to continue building out its AI data centre in Narvik, northern Norway, the company said on Monday. The committed facility was provided by ABN AMRO, DNB, Eksfin (Export Finance Norway) and Nordea, with Skandinaviska Enskilda Banken (SEB) acting as Mandated Lead […] This story continues at The Next Web Read more ›
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Happl, the London- and New York-based provider of an AI-native employee-benefits platform for multinational employers, has raised $11m in a Series A round. The round was led by Portage Ventures, with participation from F Capital and continued backing from Y Combinator, 6 Degrees Capital, Haatch, and Ventures Together. The investment will be used to accelerate […] This story continues at The Next Web Read more ›
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GitLab is cutting jobs to invest in AI agents. The company announced on Monday that it will flatten management layers, reorganise its research and development teams into roughly 60 smaller autonomous units, reduce its country footprint by approximately 30 per cent, and use AI agents to automate internal reviews, approvals, and handoffs. CEO Bill […] This story continues at The Next Web Read more ›
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Wise began trading on Nasdaq on Monday under the ticker WSE. Shares opened at 15.96 dollars. The London-founded fintech, which went public on the London Stock Exchange in July 2021 via a direct listing that valued it at 11 billion dollars, has moved its primary listing to New York while keeping a secondary listing […] This story continues at The Next Web Read more ›
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ZoomInfo beat its first-quarter earnings estimates, cut its full-year revenue guidance by 62 million dollars, announced a restructuring that will eliminate 600 jobs, and lost 29 per cent of its stock price in a single trading session. The company reported 310.2 million dollars in revenue, up 1.5 per cent year over year. Adjusted earnings […] This story continues at The Next Web Read more ›
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I went into this research convinced I already knew the answer. After more than a decade in People Analytics, the last few years at Meta, I had a working theory about why tech employees leave their jobs within the first year. Two things, I believed, were doing most of the damage: whether someone was getting […] This story continues at The Next Web Read more ›
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The era of greenwashing may be coming to an end, at least in the construction sector where manufacturers are embracing a low cost tool to support data-driven transparency about their environmental impacts. “We’ve seen that manufacturers are increasingly keen to ditch vague eco slogans and self-declared green certificates, which were never really very effective,” says […] This story continues at The Next Web Read more ›
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The complaint, filed on behalf of California residents, alleges Meta earns up to $7bn a year from “high-risk” scam ads and tolerated the practice. The county wants restitution, civil damages, and an injunction. Santa Clara County has sued Meta Platforms in California state court, alleging the company profits from scam advertising on Facebook and Instagram […] This story continues at The Next Web Read more ›
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10.06.2026 22:44
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