Gigascale Capital, the venture firm led by former Meta chief technology officer Mike Schroepfer, has raised a $250 million fund to invest in energy, grid infrastructure, and critical minerals startups. The fund, announced on Monday, is Gigascale’s second and its first to include institutional investors. It arrives as most of the venture capital industry has pivoted […] This story continues at The Next Web Read more ›
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Atlas Menu, a cheat service for Grand Theft Auto V’s online mode, has been hacked, exposing the personal data of nearly 64,000 users. The stolen data included email addresses, usernames, hashed passwords, IP addresses, and support tickets, according to data breach notification service Have I Been Pwned. The breach was claimed by a hacker whose stated […] This story continues at The Next Web Read more ›
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Tencent has announced that PayPal users will be able to make cashless payments in China by scanning QR codes through WeChat Pay’s merchant network. The integration, which will be available to US-based PayPal users first with more markets to follow, connects PayPal’s 400 million-plus user base to the payment infrastructure that covers virtually every taxi, restaurant, and […] This story continues at The Next Web Read more ›
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A rally that carried space-related stocks to extraordinary gains this year is showing serious cracks. The Procure Space ETF, which trades under the ticker UFO, has dropped almost 11% in just two sessions. Intuitive Machines and Rocket Lab have each fallen roughly 17%. AST SpaceMobile, which had become a retail-trading favourite, has sunk nearly 23%. The […] This story continues at The Next Web Read more ›
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Salesforce has a stake in Anthropic worth approximately $5 billion after investing repeatedly in the Claude developer since early 2023, Bloomberg reported on Monday. The software company first participated in Anthropic’s fundraising with roughly $50 million and has continued investing in every subsequent round. With Anthropic’s confidential IPO filing also landing on Monday, Salesforce is positioned […] This story continues at The Next Web Read more ›
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Quantinuum, the Honeywell-backed quantum computing company, has increased the size of its initial public offering to as much as $1.46 billion after demand from investors far exceeded the original allocation. The company is now offering 26.5 million shares at $53 to $55 each, up from a previous range of approximately 21 million shares at $45 to $50. […] This story continues at The Next Web Read more ›
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Anthropic has confidentially submitted draft registration paperwork for an initial public offering with the Securities and Exchange Commission, the company announced in a blog post on Monday. The number of shares to be offered and the price have not been set. The filing positions Anthropic to potentially reach the public market as soon as this fall, […] This story continues at The Next Web Read more ›
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Florida has sued OpenAI and CEO Sam Altman in what appears to be the first lawsuit by a US state against the maker of ChatGPT. The civil complaint, filed Monday in state court by Attorney General James Uthmeier, accuses OpenAI of violating product liability laws, engaging in deceptive trade practices, and releasing ChatGPT while knowing it […] This story continues at The Next Web Read more ›
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Nearly 1,000 unionised workers at a Dauch Corp plant in Three Rivers, Michigan, walked off the job at midnight on Sunday after the United Auto Workers declared an unfair labour practice strike over stalled contract negotiations. The factory makes axles for the Chevrolet Silverado and GMC Sierra pickup trucks, two of General Motors’ most profitable vehicles, […] This story continues at The Next Web Read more ›
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Anthropic has agreed to give the European Union’s cybersecurity agency, ENISA, access to Claude Mythos, the AI model that has autonomously discovered more than 10,000 high- and critical-severity zero-day vulnerabilities across every major operating system and web browser. The decision, communicated to the European Commission over the weekend, makes ENISA the first EU institution to join […] This story continues at The Next Web Read more ›
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The quantum computing industry has spent the last three years measured almost entirely in qubits. Willow’s 105. Nighthawk’s 120. The 540-qubit superconducting platform that integrated nearly 700 control lines into a single cryostat last year. The qubit count is the headline number, and for good reason. But inside the labs trying to push superconducting systems past […] This story continues at The Next Web Read more ›
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Salesforce has signed a definitive agreement to acquire Contentful, the API-first headless content management platform used by more than 4,800 enterprises to deliver digital experiences across web, mobile, and emerging channels. The deal, announced on Sunday, does not disclose financial terms. Contentful was last valued at more than $3 billion in a 2021 Series F round […] This story continues at The Next Web Read more ›
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The AI boom has created a two-speed startup economy. Companies building on generative AI are raising at historically unprecedented valuations, while startups that last raised capital before ChatGPT launched in November 2022 are watching their worth collapse. According to PitchBook valuation estimates, more than 220 companies that once held billion-dollar valuations have now fallen below that threshold, […] This story continues at The Next Web Read more ›
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Akeso, the Chinese biotechnology company whose drug ivonescimab was dubbed “biotech’s DeepSeek moment” last year, has reported phase three clinical trial results showing a 34% reduction in the risk of death for patients with advanced squamous non-small cell lung cancer. The data, filed with the Hong Kong stock exchange on Monday and selected for the American Society […] This story continues at The Next Web Read more ›
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China’s AI chip industry is no longer trying to build an Nvidia clone. Under sustained US export controls that block access to the most powerful general-purpose GPUs, the country’s largest technology companies are pivoting toward application-specific integrated circuits, custom chips designed to do one thing extremely well rather than handle any workload. The shift is […] This story continues at The Next Web Read more ›
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The dangers of artificial intelligence eclipsed nuclear weapons as the central concern at a strategic stability panel during the Shangri-La Dialogue in Singapore, with senior military officials warning that AI-driven systems are collapsing the time available for human decision-making in conflict. The annual defense summit, held from 29 to 31 May, drew defence ministers and military […] This story continues at The Next Web Read more ›
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LG Electronics shares have quadrupled this year. The stock hit its 30% daily limit for a second consecutive session on Monday after reports that LG Group Chair Koo Kwang-mo will meet Nvidia CEO Jensen Huang on 5 June. The meeting will focus on expanding cooperation in physical AI. The rally began last week when LG […] This story continues at The Next Web Read more ›
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Nvidia’s chief executive used the GTC Taipei keynote to declare its next platform shipping and to reveal RTX Spark, an Arm-based Windows machine. Jensen Huang got the keynote slot, as he tends to. Nvidia’s chief executive opened Computex 2026 in Taipei on Monday with the speech the rest of the week is built around, and […] This story continues at The Next Web Read more ›
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Satya Nadella has dismantled the senior leadership structure that ran Microsoft for decades. The company “quietly retired what’s known as the SLT,” a person close to the CEO told Business Insider. The senior leadership team, the powerful executives who ran sprawling businesses and reported directly to Nadella, no longer exists. In its place, Nadella has […] This story continues at The Next Web Read more ›
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The first robot in Nvidia’s new research line is a collaboration with three flags on it. The body comes from China’s Unitree, the hands from Singapore-headquartered Sharpa, and the computing brain from Nvidia.After Jensen Huang’s keynote in Taipei on Monday, ahead of the Computex trade show, the company said it plans to repeat the exercise […] This story continues at The Next Web Read more ›
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04.06.2026 08:45
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