BAE-backed Expeditions raises €197M fund for European defence startups
Investors and funding
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Nscale closes a $900m revolving credit facility to fund its data-centre build-out
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ARTIFICIAL INTELLIGENCE
Axos buys AI fintech Arc Technologies to bolt modern software onto a bank
US digital bank Axos is buying Arc Technologies, an AI-native fintech that banks tech startups. The pitch: pair Arc's software with a real banking charter.
ARTIFICIAL INTELLIGENCE
Axos buys AI fintech Arc Technologies to bolt modern software onto a bank
US digital bank Axos is buying Arc Technologies, an AI-native fintech that banks tech startups. The pitch: pair Arc's software with a real banking charter.
ARTIFICIAL INTELLIGENCE
SAP freezes hiring and travel to shovel cash into AI
SAP has told staff it will freeze most hiring, halt non-essential travel and cut supplier spending to fund a “significant” AI push. The memo lands with Europe’s largest software company down about 33 per cent this year, as investors worry AI will erode demand for its core products.
CARS
The Pentagon calls this Chinese firm a military company. Its lidar runs US robotaxis anyway
The Pentagon blacklisted Hesai as a Chinese military company. Its lidar still sits inside US robotaxis, trucks, an airport, and Nvidia’s self-driving platform.
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