The Next Web (54 minutes ago)
Flapping Airplanes, a San Francisco AI research lab founded in late 2025, has raised $1B at a $6B valuation, led by Index Ventures and Lux Capital, Bloomberg reported. Its valuation has quadrupled since January. It is working on ways to train AI with less data and compute, and has no product yet.
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Legal AI startup Legora announced Wednesday that it raised a $550 million Series E round, valuing it at $8.8 billion.
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After over three decades of iconic RPGs, developer BioWare is closing down and its in-development Mass Effect game is no more. The move comes just months after corporate owner EA was bought out by a group of investment firms for $55 billion.
Blacksmith, a platform that lets companies build and test AI code more effectively, just announced a $66 million Series C round led by Sequoia that values the company at $1 billion.
Eindhoven-based Photon Bridge has raised €10M, co-led by the Amadeus APEX Technology Fund and 360 Capital, to build laser light sources for the optical links inside AI data centres. It plans first samples in 2027 and volume production from 2028.
Sydney-based Mary Technology has connected its litigation tool to Harvey, the $15.6B legal AI company. Lawyers drafting in Harvey can now draw on the facts, evidence and reviews their team has built up in Mary, including conflicting accounts.
eBay will cut about 9% of its workforce, around 1,000 jobs, according to an internal memo from CEO Jamie Iannone first reported by Reuters. It follows 800 job cuts in February. eBay says it wants to focus on its fastest-growing areas. It reports results on 28 October.
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 August.
A German court has told Google it cannot keep showing people’s homes from above without their permission. The Frankfurt Regional Court ruled on Tuesday that the aerial and satellite views on Google Earth and Google Maps break Germany’s strict privacy laws.
The PHP Foundation has given an unusually frank account of the emergency behind this week’s patches. It said it had found one of the two critical flaws two years ago, in 2024. Then it spent months unable to agree on how to repair it.
Intel has started installing equipment at Fab 62, its new chip plant near Phoenix, which is due to open in early 2028. It has also put up the first major roof truss at its long-delayed Ohio site. The progress comes as demand for its data centre processors outpaces supply.
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