Getty Images filed for Chapter 11 bankruptcy in Delaware on Wednesday. The Getty family and Koch Equity Development will put in up to $533M and own the whole company, which expects to finish the process by year-end. The filing follows a failed Shutters…
Electronic Arts will close BioWare, the studio behind Mass Effect and Dragon Age, and cut about 400 jobs, roughly 3% of staff, Bloomberg reported. The next Mass Effect game and a planned Sims project are cancelled. EA went private in a $55B buyout in A…
Swedish legal AI startup Legora has raised $550 million in a Series E funding round, bringing its valuation to $8.8 billion. US investment firm Atreides Management led the round, with several new and existing investors participating. Five new investors…
Protesters interrupted Jensen Huang’s keynote at Nvidia’s GTC Berlin conference on Wednesday, asking what the company is doing about Nvidia chips reported in Russian drones. Security staff led them out, and Nvidia’s chief executive carried on with his …
Joel Kaplan, Meta’s chief global affairs officer, will leave the company in 2027 after more than 15 years, Bloomberg reported. He will stay through the US midterm elections. No successor was named, but president Dina Powell McCormick and chief legal of…
“Blackwall has built something rare: a security company that grows with the internet itself,” said Warda Shaheen, a general partner at AVP. “It is already the layer in front of millions of websites, and as more of the web’s traffic comes from agents, t…
Daytona runs sandboxes for AI agents, co-founder and chief executive Ivan Burazin told TNW. Its users include Meta, Cohere and Handshake, and the company has about 30 employees. Burazin, a Croatian citizen, started Daytona with two co-founders, one of …
Revolut customers across Europe were unable to open the fintech’s app or pay with their cards on Tuesday morning, after a service disruption hit several of its features. Outage tracker Downdetector logged more than 1,500 reports at that point, and user…
At the Invest in Germany Summit in Berlin, the German government entered into an agreement with Nvidia on Monday, when Chancellor Friedrich Merz opened the two-day event by addressing Jensen Huang, Nvidia’s CEO. The economy ministry has entered into a …
Think of a quantum computer as a very delicate machine that needs to operate in extreme cold. The processor is the part that does the actual computing, but it needs a lot of supporting equipment to work. The processor sits inside a special refrigerator…