The Next Web (1 hour ago)
Town, a San Francisco startup that gives each person at work an AI work assistant, has raised $108m in a Series B that values it at $1bn. Forerunner Ventures and Menlo Ventures co-led the round, the company announced on Monday.
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Claims that Uber misled TfL over its licence were thrown out because they were brought too late.
Tenstorrent, the AI chip company run by Jim Keller, has closed a $1.5bn Series E round at a $6.2bn post-money valuation, it announced on Monday. Trace Capital and Innovation X led the round. New and existing investors also took part.
Some investors are pushing back on the roughly $30bn valuation that British AI cloud company Nscale is seeking in its planned New York listing, Bloomberg reported on Sunday. A valuation of $16bn to $19bn would be more likely to attract buyers, a group of investors told Bloomberg.
A continued boom in late-stage and growth funding combined with a surge in seed-stage funding helped buoy venture investment in Latin America for the third quarter of 2026, Crunchbase data shows.
Enterprise AI companies relying on armies of forward deployed engineers are disguising labor-intensive services as scalable software, inflating recurring revenue and valuations while falling short of autonomy claims, argues Anurag Gurtu, co-founder and CEO of Airrived.
Norway’s Bulk Infrastructure Group wants a Canadian partner to own most of a planned subsea cable between Europe and Canada. The cable would avoid the US. Bulk’s founder, Peder Nærbø, set out the plan to Bloomberg on Monday.
Ritchie Torres, a Democratic congressman from New York, plans to bring a video game ownership bill to Congress. He announced the Power To The Players Act on 15 October. The bill would direct the Federal Trade Commission to write new rules.
Indie games make up many of the new premium games on the App Store, says Carson Oliver, Apple’s head of App Store Worldwide. More console and PC franchises are also coming to mobile, he said. In all, more premium games have come out this year than last.
Amnon Shashua’s startup doubleAI has launched Maxwell, an AI model that works inside running software to make it use less computing power. Shashua co-founded the Tel Aviv company and is its chief executive. The company announced Maxwell on Monday and opened it for early access.
Microsoft has announced new tools to control AI agents in Microsoft 365 E7 and its Project Perception platform. The tools limit what each agent can reach and tighten those limits when its risk increases.
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