Klarna is launching high-yield savings accounts in the United States with an annual percentage yield starting at 3.28%. The accounts are FDIC-insured through a partnership with WebBank and are designed to let existing Klarna spending customers hold savings within the same platform. “The average American earns less than 0.5% on their savings, not because better options don’t […]

Anthropic has said its Mythos model is so good at finding software vulnerabilities that releasing it publicly could help attackers steal data or disrupt critical infrastructure. It has also, as of early June, expanded access to 150 additional organisations, bringing the total to roughly 200 across 15 countries. The tension is deliberate. Anthropic’s argument is that […]

A London startup called Zaro has come out of stealth. Cherry Ventures led its $5.1mn pre-seed round. Zaro wants to build one AI workspace that a company owns, not its software vendors. Who is backing Zaro The angel list is senior for such an early round. Hugging Face co-founder Thomas Wolf and GitHub chief Thomas […]

Private equity buys companies, strips out costs, and flips them. A two-year-old startup called Beacon has raised hundreds of millions to do almost the opposite, and to let AI do the heavy lifting. Beacon, an “AI-native” holding company based in Toronto and San Francisco, said on Tuesday it had raised a $225mn Series C led […]

Generative AI has already changed how companies draft, summarize and search for information. The next challenge is more complex: whether AI can coordinate work across business systems while preserving controls, auditability and human accountability. That is the central test for agentic AI. Unlike a chatbot that returns an answer, an agentic system can interpret a goal, […]

The British government has put its most contentious health-tech contract on notice. It is now formally reviewing the NHS’s £330mn deal with Palantir, and weighing whether to walk away in 2027. Technology minister Liz Kendall confirmed the review this week, telling Times Radio that “the current health secretary is reviewing every single aspect of that […]

The headline from Apple’s developer conference was a reborn Siri. The more interesting story sits underneath it: the AI models Apple built to run the thing, one of which is far too big to fit in an iPhone’s memory, yet runs on the device anyway. In a technical post published alongside WWDC, Apple detailed the […]

Four months ago, AI looked like it might gut the software industry. This week, one of its biggest investors declared the threat over. The truth sits somewhere in between. Speaking at the SuperReturn International conference in Berlin, Orlando Bravo, founder of Thoma Bravo, one of the world’s largest software-focused private equity firms with almost $200bn […]

A Shahed attack drone costs tens of thousands of euros. The missiles traditionally fired to shoot one down can cost a million or more. A French startup has raised €50mn to fix that maths. Alta Ares, a Paris-based defence-technology company founded in 2024, said on Tuesday it had closed a €50mn round led by Air […]

The cloud was supposed to make geography irrelevant. Microsoft’s latest round of job cuts in China shows how quickly that promise is coming apart. Microsoft is laying off hundreds of staff at its Azure cloud unit in China, according to affected employees who spoke to the South China Morning Post. Two sources put the number […]