Europe is pledging hundreds of billions to defence. Almost none of the venture money funding the technology behind it is European. Since 2019, the US has captured around 85 per cent of all NATO defence-tech venture funding, according to the founders of a new fund out today. Europe accounted for just 6.2 per cent of […] This story continues at The Next Web Read more ›
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Almost every AI tool aimed at the NHS is built for clinicians. Frontier Health raised $16M to build for the people behind them. The London startup announced a $16M seed round led by Atomico, with firstminute capital and XYZ Venture Capital also taking part. It is the first institutional money into the company, founded in […] This story continues at The Next Web Read more ›
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Baseten is finalising a $1.5bn funding round that values the company at up to $13bn. The structure is almost as notable as the size. The round is dual-tiered, with some investors buying in at an $11bn valuation and others at $13bn, according to the company via the Wall Street Journal. It is a tactic a […] This story continues at The Next Web Read more ›
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ByteDance has generally been Microsoft’s single biggest AI customer in recent years, and it is on track to spend more than $1bn a year on Microsoft’s AI and cloud services, Bloomberg reports. The striking part is what the TikTok owner is mostly buying: OpenAI models, sold through Microsoft’s Azure cloud, in a market that OpenAI […] This story continues at The Next Web Read more ›
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Rockstar Games confirmed that pre-orders for Grand Theft Auto VI open on June 25. The game will be available on the PlayStation Store, Microsoft Store, and at select retailers. Rockstar also revealed the official cover art, which features protagonists Jason and Lucia alongside scenes from the game’s Vice City setting. GTA VI launches November 19, […] This story continues at The Next Web Read more ›
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Waymo has issued its sixth recall, covering nearly 4,000 robotaxis that drove into highway construction zones at least 13 times across two cities. Six incidents occurred in Phoenix in April. Seven happened in the San Francisco Bay Area on a single day in May. A fix is “currently under development,” according to NHTSA filings. The […] This story continues at The Next Web Read more ›
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As companies struggle to turn AI pilots into things they can actually rely on, a new startup is betting the fix looks less like a better chatbot and more like a mathematical proof. Pramaana Labs announced $27mn in seed funding on Wednesday, led by Khosla Ventures, with Accel, BoldCap, Nexus Venture Partners, Premji Invest, and […] This story continues at The Next Web Read more ›
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Epic will let studios plug Claude, Gemini, or any model they like into the next Unreal Engine to do the ‘tedious work’ of building games. More than half of developers think that is a bad idea. Epic Games has laid out its plans for Unreal Engine 6, and generative AI sits right at the centre […] This story continues at The Next Web Read more ›
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NeuralTrust, a Barcelona startup, has raised $20mn to secure the AI agents that big companies are now deploying faster than they can keep track of. The seed round, worth €17.2mn, was led by Munich’s Alstin Capital, with VentureFriends, Seaya, Kibo Ventures, Banc Sabadell, the EA Ventures Plug and Play Fund and Finaves, plus public money […] This story continues at The Next Web Read more ›
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NASA is partnering with Relativity Space, the rocket company run by former Google chief Eric Schmidt, to fly a science mission to Mars. Announced on June 17, the mission is called Aeolus, the first flight in Relativity’s new Interplanetary Sciences Program. The company will build the spacecraft, provide its Terran R rocket, and fly the […] This story continues at The Next Web Read more ›
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Robots are still surprisingly bad at remembering where things are. You might recall that your keys were on the kitchen counter last night. A robot working beside you would struggle to connect that object and location in a useful way. MIT researchers built a system called DAAAM to fix that. DAAAM stands for Describe Anything, […] This story continues at The Next Web Read more ›
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Security researchers have uncovered a sprawling cache of stolen credentials for Fortinet firewalls, exposing login details for tens of thousands of organisations around the world. The dataset, dubbed “FortiBleed,” contains plaintext usernames, emails and passwords for 73,932 unique Fortinet FortiGate firewall and VPN devices across 194 countries, touching more than 21,000 domains. Researchers estimate that […] This story continues at The Next Web Read more ›
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The European Union’s energy chief has told the AI industry it is welcome in Europe, but only on the bloc’s terms. In an interview with Politico, Energy Commissioner Dan Jørgensen said companies must demonstrate commitment to the EU’s energy, climate, and environmental goals if they want to build data centres on the continent. That means supporting […] This story continues at The Next Web Read more ›
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Midjourney, the company best known for turning text prompts into images, has announced something it has never made before: hardware. And not a phone case or a pair of glasses, but a full-body medical scanner. At an event in San Francisco on June 17, founder David Holz unveiled “The Midjourney Scanner,” and a new division […] This story continues at The Next Web Read more ›
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Prem AI, a Swiss startup that helps hedge funds and law firms run AI models on their own infrastructure, is raising $100 million in a Series A at a valuation of at least $500 million. The company expects to close the round in the third quarter. CEO and founder Simone Giacomelli said the pitch is […] This story continues at The Next Web Read more ›
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SpaceX has named its first new board member since going public, and the word doing the heavy lifting in the announcement is “independent.” In a filing on June 17, the company said its board had elected Roelof Botha, the former Sequoia Capital steward, as an independent director and a member of its audit committee. The […] This story continues at The Next Web Read more ›
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Most digital agencies hit a wall somewhere between their fiftieth and hundredth active client. Sales is fine; the pitch deck still works, the services still convert. The breakdown is on the delivery side. The operation behind the scenes starts to crack under the weight of clients it was never designed to hold. It’s a wall […] This story continues at The Next Web Read more ›
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Tesco, one of Britain’s largest supermarkets, is migrating approximately 40,000 servers away from VMware. It is also suing Broadcom in the UK High Court for more than GBP 100 million, accusing the company of “abusive conduct.” It is one of the largest publicly disclosed VMware migrations since Broadcom completed its acquisition of VMware in late […] This story continues at The Next Web Read more ›
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AirTrunk wants to borrow A$4.3bn, roughly $3bn, to build a single data centre in Sydney. The Blackstone-owned operator is in talks with banks to fund SYD3, a hyperscale facility of more than 400 megawatts, according to people familiar with the matter. The scale of the loan is a measure of how large, and how power-hungry, […] This story continues at The Next Web Read more ›
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Lenovo has raised $2bn through seven-year convertible bonds, and the most notable thing about the debt is that it pays nothing. The Beijing-based maker of computers and AI servers sold zero-coupon notes due in 2033, priced at a conversion premium of 47.5% to Wednesday’s closing share price. Investors are lending the company money for free, […] This story continues at The Next Web Read more ›
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24.07.2026 07:38
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