The Next Web (1 hour ago)
Revolut chief executive Nik Storonsky has pushed venture capital investors off his company’s board, one funding round at a time. He wants other founders to keep VCs out of the boardroom too, he told David Senra in a podcast interview.
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Apple recently struck a deal to acquire Ascend.io, a company focused on agentic data engineering technology. Under the Digital Markets Act, Apple must now publicly report acquisitions above a certain size.
Brutal peatland wildfires in Indonesia illustrate one of several ways El Niño raises global CO2 levels.
Cisco President Jeetu Patel has handed a 27-year-old ex-startup founder a huge job to rewrite 98% of Cisco’s legacy code within 24 months.
Travel demand appears to be holding up, but at the same time, investor appetite for travel tech startups has cooled. Even a wave of startups promising to improve travel with AI hasn’t managed to reverse the funding slowdown. We share what a review of Crunchbase data shows.
Dream, a San Francisco startup that uses AI to design and engineer buildings, came out of stealth on Thursday with $17M in seed funding. Investors in the round include Andreessen Horowitz (a16z), SV Angel, XYZ, and Zigg Capital.
GM has settled the Smart Driver program lawsuit brought by 35 attorneys general.
Volkswagen lost €5.8bn after tax in the third quarter. A €6.4bn write-down on Porsche drove the loss. Shrinking sales in China, US import tariffs and thinner margins on electric cars added to it. In the same quarter last year, the loss was €1.1bn.
Software supply chain integrity appears to be becoming an increasingly important consideration in enterprise risk management. This comes as AI-assisted development expands and software supply chains gain additional complex layers.
HP, Asus and Acer are moving some PC production back to China from Thailand and Vietnam, Nikkei Asia reported. AI demand is driving up the cost of memory and storage chips. Dell is considering a similar move, people familiar with the matter told Nikkei.
Voters in Iowa and Ohio want AI safety rules even if the US is not always first in the AI race, a new poll from a Republican pollster finds. Days before the US midterm elections, the country’s biggest union federation says it is writing its own AI bill.
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