Freepik rebrands as Magnific: a bootstrapped, profitable $230M ARR AI creative platform
Freepik rebrands as Magnific: a bootstrapped, profitable $230M ARR AI creative platform

The new name unifies what was previously fragmented across Freepik (stock assets), Magnific (AI upscaling), and several other products. One million paying subscribers. 250 enterprise customers, including BBC, Puma, and Amazon Prime Video. CEO Joaquín C…

Revolut is opening its first physical store in Barcelona
Revolut is opening its first physical store in Barcelona

The store is a permanent pilot, not a pop-up. If successful, it will be replicated in other markets. Spain is Revolut’s third-largest market globally. Last week  the company’s IPO target valuation was up to $200 billion, with no listing before 2028. Re…

True Anomaly raises $650 million as the only space startup exclusively focused on orbital defense
True Anomaly raises $650 million as the only space startup exclusively focused on orbital defense

True Anomaly’s Jackal autonomous orbital vehicles can manoeuvre near other satellites in orbit for inspection, space situational awareness, and, under Golden Dome, potential interception of ballistic and hypersonic missiles. Total funding now exceeds $…

Accenture deploys Microsoft 365 Copilot to all 743,000 employees
Accenture deploys Microsoft 365 Copilot to all 743,000 employees

97% of Accenture employees report Copilot helped complete routine tasks up to 15 times faster. 89% monthly active usage among the 200,000-person cohort tested. Microsoft has over 450 million M365 enterprise users; only ~3% currently pay $30/month for C…

Google signs classified AI deal with the Pentagon for ‘any lawful government purpose’
Google signs classified AI deal with the Pentagon for ‘any lawful government purpose’

The Information reported the deal on Tuesday. The agreement allows the DoD to use Google’s AI models without the restrictions that led Anthropic to be blacklisted in February. Google becomes the latest in a line of AI companies, alongside OpenAI and xA…

Meta prepares to unwind its $2 billion Manus acquisition after China’s block
Meta prepares to unwind its $2 billion Manus acquisition after China’s block

Meta is preparing to unwind its approximately $2 billion acquisition of the agentic AI startup Manus after China’s National Development and Reform Commission formally ordered the deal’s cancellation on Monday, the Wall Street Journal reported, citing p…

Redpine raises €6.8M led by NordicNinja to build a licensed data API for AI agents
Redpine raises €6.8M led by NordicNinja to build a licensed data API for AI agents

The round brings total raised to €9 million. Investors from OpenAI, Perplexity, and Spotify backed the seed. The platform operates as a headless API that lets AI agents query and pay for premium licensed datasets in real time, on a token-based model. C…

OpenAI is building a phone that would make apps obsolete. The supply chain says it might actually ship.
OpenAI is building a phone that would make apps obsolete. The supply chain says it might actually ship.

OpenAI is developing a smartphone built around AI agents rather than apps, with Qualcomm and MediaTek jointly designing the custom processor and Luxshare Precision Industry co-designing and exclusively manufacturing the device, according to Ming-Chi Ku…

Google’s AI researchers told management to refuse classified military work. Management spent three years making sure it could say yes.
Google’s AI researchers told management to refuse classified military work. Management spent three years making sure it could say yes.

More than 580 Google employees, including over 20 directors, senior directors, and vice presidents, have signed a letter urging CEO Sundar Pichai to refuse classified military AI work for the Pentagon, according to Bloomberg. The letter, which includes…

Microsoft drops its exclusive licence to OpenAI’s technology
Microsoft drops its exclusive licence to OpenAI’s technology

Both companies announced the revised agreement in a joint statement on Monday. Microsoft retains a non-exclusive licence to OpenAI’s intellectual property through 2032, remains the primary cloud partner, and keeps its 27% equity stake. OpenAI will cont…