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SoftBank Group will report quarterly results on Tuesday, as investors look for signs that its AI strategy is still on track. A sharp fall in AI stocks and a blocked robotics deal have added to the pressure, Reuters reported. SoftBank shares fell more than 11% in Tokyo on Friday.
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More money is pouring into Series A rounds, but it isn’t opening the door to more startups. U.S. companies have raised $42 billion at that stage this year through October, up roughly 60% year over year, while deal counts remain on pace with the past few years, Crunchbase data shows.
AI startups should be judged by durable revenue, full-price renewals and healthy margins after delivery costs, with embedded customer workflows providing stronger defensibility as model access gets cheaper, rather than their paper valuation, writes guest author Ilman Shazhaev, founder and CEO of…
Onodrim Industries, a defence group based in Amsterdam, has raised $300M in a round led by Lux Capital. The deal values the firm at $1.3bn, Onodrim said in a statement on Monday. Other backers include General Catalyst, Lakestar, Altimeter, Strike Capital, 137 Ventures, 8090 and Expeditions.
Korea’s Ministry of Science and ICT and NVIDIA hosted the MSIT-NVIDIA AI Startup Partnership Forum at COEX. Ryu Je-myung, vice minister of science and ICT, joined NVIDIA leaders to meet with over 20 Korean startups across foundation models, physical AI, AI infrastructure and AI semiconductors.
The European Union has sued IBM, French IT group Atos and Italian defence company Leonardo over years of delays in developing its new biometric border system, the Financial Times reported on Monday.
Tesla will have to refund deposits to many Cybertruck customers because orders far exceed what it can build, chief executive Elon Musk said on Monday, in a post on X. The Cybertruck order rate far exceeds our production rate.
For two decades, the SIEM was the Security Operations Center (SOC). One platform ingested the data, parsed it, stored it, normalized it, enriched it, ran the detections and supported the investigations. If you had a SIEM, you had a SOC. That model is coming apart.
Google has warned that a proposed Australian online safety law could force it to block under-18s from Gmail. A company policy chief raised the concern at a Senate hearing on Monday, Reuters reported.
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