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European venture capital firm redalpine announced on Tuesday the final close of its early-stage fund. The fund, redalpine capital VIII (RAC VIII), closed oversubscribed at $250 million. That reflects continued investor appetite for companies building on advances in software and science.
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Sumary, a Copenhagen-founded startup that builds AI software for accounting firms, has raised $25M in a seed round led by Singular. Existing investors byFounders, Partech and Tenity also took part.
The AI company is expected to set its valuation range this week, the Wall Street Journal reported.
With more than 200,000 job cuts in the tech industry in 2026, the bigger question is if layoffs will spread to retail and finance.
ByteDance released Seedream 5.5, an AI image model it says keeps unchanged parts of an image intact over 100 rounds of edits and creates transparent-background assets. It is rolling out in ByteDance’s Chinese apps. The performance claims are ByteDance’s own.
Cisco will add Anthropic’s Claude Mythos to AI Defense to plan attacks on customers’ own AI apps and agents, a practice called red teaming. Customers get no open prompt access, every test is logged to a named person, and it comes first to select enterprises.
IBM plans to add Anthropic’s Claude Mythos to Concert Protect so customers can scan their own code for unknown flaws, test which are exploitable and get fixes for developers to approve. It is aiming for early 2027. Mythos itself remains limited to vetted organisations.
Baidu unveiled ERNIE Evolve, an AI system that runs its own experiments to improve AI code. Baidu says it sped up its in-development ERNIE-5.5-Flash model by 33.7% on GPUs and more than sixfold on Kunlunxin chips. All figures are Baidu’s own.
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