The Next Web (1 hour ago)
Hedge funds sold tech stocks at their fastest pace in two years during last Thursday’s rout, Goldman Sachs’ Tony Pasquariello told clients, Bloomberg reported. The Nasdaq 100 fell 2.9% that day.
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Fusion startups face a new challenge, one unrelated to plasma physics: Give the government shares in exchange for funding awards or go it alone?
SoftBank founder Masayoshi Son has picked Malaysia for $50bn of investment in AI, new technology and data centres. Prime minister Anwar Ibrahim made the announcement on Saturday. Anwar said Son told him about the plan during a video call on Tuesday.
Bedrock Robotics, which is now valued at $4.1 billion, is particularly focused on autonomous excavators, in part because of a growing shortage of skilled operators.
Anthropic has finally filed its S-1 prospectus with the SEC, a document designed to give investors a look under the hood of its business, from how much its executives are making and plans for spending its IPO billions to the risks that could derail its ambitions.
That’s over a quarter of the company’s global workforce.
The UK government will spend £130m on AI cyber defence, including a National Cyber Shield that uses agentic AI to protect critical infrastructure. The money is part of a package of more than £600m for AI that the Chancellor, John Healey, will put in this week’s Budget.
Verizon CEO Dan Schulman said SpaceX would need up to $500B, up to 80,000 cell towers and as many as eight years to build a US mobile network that matches Verizon’s, Business Insider reported. Elon Musk replied on X that it “will take 2 or 3 years“.
The moderators of r/opensource, one of Reddit’s main open source forums, now bar any project that uses AI, is made by AI or is intended for AI. The new rules also shut out solo developers, young projects and people who do not speak English.
Revolut is building Revolut Ventures with Carne Group, a platform in its app for eligible users to invest in private tech companies, due in 2027. It builds on private market funds Revolut opened from €1 in July. Revolut is also planning its own listing in London and New York.
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