IBM issued preliminary second-quarter results on Monday showing revenue of roughly $17 billion, up one percent year over year but well below the $18 billion that analysts had expected. Shares fell as much as 17 percent in premarket trading, erasing weeks of gains that had been fuelled by bullish analyst coverage and a stock rally […] This story continues at The Next Web Read more ›
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Developers often assume that packages published through official channels have passed through a secure release process. That assumption is fundamental to modern software development, where open source components are routinely integrated into applications through automated dependency management. A new investigation suggests that confidence can be challenged when attackers gain access to the systems responsible for publishing software. […] This story continues at The Next Web Read more ›
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Kalshi, the prediction markets exchange, has built a forward curve that tracks the future price of computing power, joining a growing list of exchanges and index operators trying to turn GPU rental costs into a standardised financial instrument. The tool uses weekly and monthly event contracts related to compute prices, extending up to a year […] This story continues at The Next Web Read more ›
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JPMorgan Chase has cut jobs by as much as 40 percent in some parts of the bank using artificial intelligence, CEO Jamie Dimon told analysts during the company’s second-quarter earnings call on Tuesday. But investors hoping the technology will dramatically improve profit margins are likely to be disappointed. Dimon said that in a competitive market, […] This story continues at The Next Web Read more ›
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Indian B2B ecommerce platform Udaan has secured $160 million in a funding round that combines fresh equity from a new investor, additional debt, and the conversion of existing convertible bonds into equity, according to Bloomberg. Lightspeed Venture Partners and M&G Investments are participating in the round. The deal is designed to clean up Udaan’s balance […] This story continues at The Next Web Read more ›
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The man behind Google’s AI thinks the world needs a referee. And he has drafted the rules. Demis Hassabis wants a US-led watchdog that vets frontier models before release. It is modelled on Wall Street’s policeman, and it could slow the whole industry down. Demis Hassabis does not usually sound the alarm. On Tuesday he […] This story continues at The Next Web Read more ›
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Britain wants to be an AI superpower. One of its flagship data centres cannot get the electricity to switch on. Nscale’s £2bn Essex site has the money, the planning permission, and a grid connection, but no power arriving in time. Nscale has the cash, the site, and the customer. What it does not have is […] This story continues at The Next Web Read more ›
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The pitch for medical AI is that it frees clinicians to care for patients. Two stories this week suggest the reality can run the other way. In New York, nurses say software replaced them. In Minnesota, a former Mayo Clinic leader says the software was not safe to trust. Marilyn Shuler spent 39 years reading […] This story continues at The Next Web Read more ›
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Microsoft promised to be carbon negative by 2030. Its own report shows emissions up 25% in a year instead. The number is worse than it looks, and also more honest than it looks, and the reason for both is the same: AI data centres. Microsoft set one of the boldest climate targets in tech. By […] This story continues at The Next Web Read more ›
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Uber lost the race to build a self-driving car. Now it wants to write the rules for everyone who did. In two US states it is lobbying for laws that would force robotaxis onto its app, and its own product chief is happy to explain why. Uber could not win the race to build a […] This story continues at The Next Web Read more ›
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Meta is pushing advertisers to hand their campaigns to its AI. A Business Insider investigation found the tools spitting out gibberish copy, mangled limbs and products that no longer look like the products. Meta’s reply, in effect: that’s your problem. Meta wants brands to let its AI build their ads. A Business Insider investigation shows […] This story continues at The Next Web Read more ›
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France’s Pasqal is heading to Nasdaq at a $2bn valuation, roughly 100 times its revenue. Its own filings spell out two things. Quantum computing might never pay off. And Paris can veto who owns the company. Pasqal, the French quantum-computing firm, is going public in the United States. It is merging with a blank-cheque company, […] This story continues at The Next Web Read more ›
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Emails between regulators and xAI’s consultants put most of the turbines in Southaven, Mississippi. Within five miles on the Tennessee side, about 94% of residents are Black. Ervin Laws lives in Colonial Hills, a neighbourhood in Southaven, Mississippi, where residents say the turbines running around the clock sound like jet engines. “I can’t do anything […] This story continues at The Next Web Read more ›
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Six months ago, Flex raised $60m and called it a Series B. On Tuesday it said it had raised another $70m, and rather than move down the alphabet, it settled on a Series B1. The round was led by Halo, the investment firm set up last year by Qualtrics founder Ryan Smith, who owns the […] This story continues at The Next Web Read more ›
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Moneybox is Europe’s newest unicorn, worth £800m, or $1.1bn. But no fundraise set that price. Staff did, by selling shares on London’s untested new private market. Moneybox, the British savings and investing app, is now a unicorn. It has put a value of about £800m, or $1.1bn, on itself, the Financial Times first reported. The […] This story continues at The Next Web Read more ›
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China’s humanoid gold rush just minted another contender. LimX Dynamics has raised $200m at a $2.21bn valuation. And its founder says the race to list has become do-or-die. A Shenzhen humanoid startup has become the latest name in China’s robot boom to command a giant valuation. On Tuesday, LimX Dynamics said it had closed a […] This story continues at The Next Web Read more ›
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Deutsche Bank, UniCredit, Revolut, Stripe and Adyen made the list. The 12-month trial starts in the second half of 2027, and the money it moves will not be legal tender. The European Central Bank published the list on Tuesday: 36 payment service providers, drawn from more than 50 applicants, will run the first pilot of […] This story continues at The Next Web Read more ›
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Kathy Hochul stopped the diggers on Tuesday. New York became the first US state to halt construction of large new data centres, imposing a one-year moratorium on anything drawing 50 megawatts or more, on the grounds that the buildings powering the AI boom are pushing up household bills, draining water, and landing hardest on the […] This story continues at The Next Web Read more ›
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One of the most decorated minds in AI is striking out alone. Richard Sutton shared the 2024 Turing Award for founding modern reinforcement learning. On Monday he said he is leaving John Carmack’s startup Keen Technologies to start a new one, Oak Lab. He announced it plainly on X. He praised Carmack and Keen, then […] This story continues at The Next Web Read more ›
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Tower Semiconductor said on Tuesday it will spend roughly $3bn expanding its 300mm operations in Japan, net of about $1bn in grants from the Japanese government, in a two-track build-out aimed squarely at the optical components that AI data centres are consuming faster than anyone can make them. The announcement, made with the backing of Japan’s […] This story continues at The Next Web Read more ›
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21.07.2026 04:18
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