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San Francisco startup Colare has launched with $2.5M in pre-seed funding from Afore Capital, Garage Capital and Acadian Ventures. It tests hardware engineering candidates with simulations of real tasks, aiming to save senior engineers’ interview time. Half its clients are in aerospace and defence.
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Verizon raised its forecasts for 2026 on Monday after a strong quarter for new phone customers. It also announced a deal worth more than $2bn with Amazon Web Services (AWS) to support AI workloads.
Lack of funding likely led to the recent PHP security snafu, but that’s just the tip of the iceberg — dreary situation caused by services running old versions with no support
False claims about customers, revenue and AI capabilities can expose founders to personal securities-fraud liability, with D&O insurance offering limited protection against established misconduct.
California companies have scooped up more than three-fourths of all U.S. startup funding this year. That, per Crunchbase data, is an apparent record share. And keep in mind: This year still has a couple months left.
Amazon has pledged 30,000 entry-level jobs in the UK by 2030 for young people from the areas with the fewest opportunities. The roles start at £15.10 an hour, more than £31,000 a year pro rata, and need no CV or work experience, Amazon said in its announcement.
American Express is cutting about 5% of its global workforce and taking a $336M restructuring charge. Chief executive Stephen Squeri told analysts about the cuts on Friday, CNBC’s Hugh Son reported. The company had almost 77,000 employees at the end of 2025, according to CNBC.
Goldman Sachs is putting $500M into the next phase of its 10,000 Small Businesses programme, including a new AI institute built with Anthropic, Google, Meta and OpenAI. At the launch, its chief executive said there is very little that needs the frontier models those partners build.
Sam Altman says patching software flaws one by one will no longer keep up with AI-driven attacks. The OpenAI chief executive spoke to students at Stanford Graduate School of Business last week. Defenders will need a new kind of shield, he said, built with the same AI.
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