London-based private equity firm Aspirity Partners has agreed to buy a majority stake in Onomondo, a Copenhagen firm that runs its own network to connect machines and sensors. The deal, announced on Wednesday, is part of a combined investment of more t…
Nvidia has talked to insurers about taking on some of the risk of loans backed by its AI chips, the Financial Times reported on Tuesday. The talks are at an early stage and may not lead to any deals, according to the FT. TNW has not independently verif…
The AI industry will need about $6tn in annual revenue by 2031 to pay for the data centres being built today. Bain & Company makes the estimate in its Global Technology Report, published on Tuesday. Existing AI products could bring in only $1.2tn t…
Anthropic lost $42bn in 2025, while its revenue grew 12-fold to nearly $4.6bn, Reuters reported on Monday. Echo Wang, who reviewed the draft filing, reported that nearly a quarter of that revenue came from just two customers. Reuters did not name them….
Enterprise software is never finished. Once SAP, Salesforce, Oracle, or Microsoft Dynamics goes live, the business keeps changing. Over the years, thousands of company-specific rules get built into the software. When something breaks, the answer is rar…
Rayon, the Paris-based startup that has created software allowing interior designers to draw floor plans in a web browser, announced that it has raised 10 million euros in its Series A financing round, with Partech as the lead investor. Northzone, Foun…
The Paris-based company Marble, which develops open-source software for fraud detection and anti-money laundering compliance, raised €6.5 million in its Series A round, with Smartfin as the lead investor. This brings the total funding to €9 million, wi…
SiMa.ai has raised $150m in a Series C round that values the company at $1.45bn, it announced on Monday. The San Jose startup makes chips and software that let robots, drones and cars run AI on the device itself. Fidelity Management & Research Comp…
Red Queen Bio, a biosecurity startup backed by OpenAI, has raised $36 million in total to design antibody drugs against viruses, including ones that AI systems could one day help create, The Wall Street Journal reported. The company is starting with an…
The modern job search has devolved into a notoriously soul-crushing endeavor. Candidates fire hundreds of resumes into the void. They navigate an endless stream of expired ‘ghost jobs’. And they compete against automated mass-application bots for a fra…