The Next Web (1 hour ago)
Yvonne Bajela, a former partner at Phoenix Court, has closed Evertrue Capital’s debut fund at $17M. The fund was oversubscribed, meaning investors offered more money than it set out to raise.
Read the full story on The Next Web.
Fourthline chief executive Paul Stoddart will run the identity verification group formed by his company’s merger with Spain’s Veridas, which closed on Tuesday. The two companies first announced the deal on 16 July.
Telco expects to deliver cost savings of £800M by 2029, with £300M coming from staff cuts
Athena, a legal startup founded by former Legora staff, has raised a $2.5M pre-seed round led by a16z Speedrun, Andreessen Horowitz’s startup accelerator, the company said on Tuesday. Athena does not sell AI tools to law firms.
CrowdStrike has agreed to buy two AI security companies, Fiddler AI and Dreadnode. It announced both on Tuesday at its Fal.Con Europe conference in Barcelona. Fiddler tracks what AI agents do and why. Dreadnode tests AI models, applications and agents for weaknesses before they go live.
Investors didn’t seem overly happy about yesterday’s Apple earnings call despite the record results. That likely reflects the company’s cautious take on margins in the current quarter, but some have also criticized what they describe as a very “scripted” approach by new CEO John Ternus.
Samsung will use its second chip plant in Taylor, Texas, to make parts for AMD and Nvidia’s AI memory, South Korea’s Maeil Business Newspaper reported on Tuesday, citing industry sources.
Reddit has asked Australia’s High Court to strike down the country’s world-first ban on under-16s holding social media accounts, arguing that the law is unconstitutional. The first legal challenge to the legislation opened in Canberra this week, Reuters reported.
Apple is developing a tabletop home robot that could cost around $1,000, The Information reported on Monday. It would put a 9-inch screen on a swivelling robotic arm. Apple is aiming for a 2027 launch, but the device may not be ready until 2028, Aaron Tilley wrote.
Google’s Gemini chatbot may infringe EU copyright rules when it uses press articles to generate answers, an adviser to the bloc’s highest court said on Tuesday.
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