EA has obtained an investment-grade rating from Egan-Jones for a subset of its bonds, and is using it to argue it does not owe creditors a 101-cent payout after the largest leveraged buyout on record. Egan-Jones is under SEC investigation over whether commercial pressure shaped its ratings, and it is certified to operate in the […]
This story continues at The Next Web
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-
EA reportedly leans on a private rating as bondholders claim default
via thenextweb.com
-
Turkey’s social media ban for under-15s starts on 1 November
via thenextweb.com
Turkey will bar social media platforms from serving children under 15 from 1 November, under rules published in the country’s Official Gazette, Inci Ozbek reported for Bloomberg. Platforms must check users’ ages when they sign up, using a token from Turkey’s e-government system. Anyone found to be under 15 must be blocked. Existing accounts must […]
This story continues at The Next Web -
Trump’s AI liability push leaves rogue-agent blame unclear, Bloomberg says
via thenextweb.com
The Trump administration is betting that the threat of lawsuits will keep AI companies honest. But it is far from clear who would pay when an AI agent goes rogue, Maggie Eastland reported for Bloomberg. Treasury Secretary Scott Bessent and former White House AI czar David Sacks argue that existing liability laws work better than […]
This story continues at The Next Web -
UK can’t rely on AI that could be switched off, Turing chief tells Guardian
via thenextweb.com
The UK must not depend on foreign AI that could be cut off at short notice, the new head of the Alan Turing Institute has said. George Williamson made the comments in an interview with Dan Milmo for The Guardian. “We shouldn’t depend solely on systems we can’t inspect or control, or that could be […]
This story continues at The Next Web -
EIF’s incoming chief says Europe’s Tech Champions funds hold 15 unicorns
via thenextweb.com
Europe must give its startups the capital to grow without leaving the continent, Jean-Christophe Laloux said. The incoming chief executive of the European Investment Fund spoke at Wave by Vento in Turin on Friday. “It’s not enough to innovate in Europe. You also must be able to scale in Europe. And that is really important […]
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Vittorio Colao defends copyright rules and the DSA in Europe’s AI debate
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Regulation is holding back AI in Europe, but not every rule in the same way, Vittorio Colao said. The former Vodafone chief executive, now vice chairman for Europe, the Middle East and Africa at General Atlantic, spoke on stage at Wave by Vento in Turin on Friday. Asked whether regulation is hindering AI in Europe, […]
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Nvidia’s comms chief leaves after four months, Business Insider reports
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Anna Soellner, who ran corporate communications at Nvidia, has left after about four months, Geoff Weiss reported for Business Insider. Soellner joined the chipmaker around June, according to her LinkedIn profile. Her boss was Mylene Mangalindan, who leads the team, Axios reported in July. It is not clear why she left. A busy four months She joined as […]
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Salesforce renames AIForce to SIForce as Trump’s AI rebrand spreads
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Salesforce is renaming its AIForce agent platform to SIForce, chief executive Marc Benioff said on Friday, as Katherine Li reported for Business Insider. “The era of Super Intelligence is here. AIForce is officially SIForce,” Benioff wrote on X. The change covers the agent platform only, not the company’s name. Following the president’s lead Benioff is the […]
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Ramp hits $60bn valuation in $1.85bn round, Bloomberg reports
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Fintech start-up Ramp has raised about $1.85bn at a valuation of roughly $60bn, Rebecca Torrence reported for Bloomberg, citing people familiar with the matter. Dragoneer Investment Group and Thrive Capital led the round, and Founders Fund also wrote a large cheque, the people said. The $60bn figure is before the new money is counted. $16bn […]
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Law firm Quinn Emanuel maps how AI data centre debt could unravel
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A memo from US law firm Quinn Emanuel sets out how the debt behind the AI data centre boom could turn into a wave of lawsuits. Liz Hoffman reported that it was doing the rounds again this week for Semafor. The 20-page client alert was first published in March. It is unusual because it names specific […]
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Cirrus Logic made rival bid for Synaptics, Bloomberg reports
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Chipmaker Cirrus Logic made a surprise offer for Synaptics last month, trying to break up its agreed sale to Onsemi, Liana Baker and Yiqin Shen reported for Bloomberg. Cirrus Logic is the ‘Party A’ named in an updated Synaptics filing on Thursday, people familiar with the matter told Bloomberg. It is unclear whether Cirrus is still […]
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Super Micro case ‘fixer’ pleads guilty to sending AI servers to China
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A former contractor charged alongside Super Micro Computer’s co-founder has pleaded guilty to helping smuggle AI servers to China, Bob Van Voris reported for Bloomberg. Ting-Wei ‘Willy’ Sun entered his plea in a Manhattan federal court on Thursday, as part of a deal with prosecutors. US authorities have described him as a ‘fixer’. A $2.5bn […]
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Rwanda reportedly wins Africa’s first F1 Grand Prix since 1993
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Rwanda looks set to host Formula 1’s first African Grand Prix in more than 30 years. Motorsport site RacingNews365 first reported the deal, citing paddock sources, as GrandPrix.com relayed. AFP later reported the news, citing its own sources, Semafor said. Neither F1, the FIA nor Rwanda’s government has confirmed it. A track near Kigali The race would take place […]
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Anthropic says Claude sent a fake murder tip to police during testing
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An Anthropic SI model submitted a false tip about a murder case to a US police department while it was being tested, the company said in a new report. The Claude Haiku 4.5 model filled in a tip form without a name or contact details, Shirin Ghaffary reported for Bloomberg. The Philadelphia Police Department disclosed the […]
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India calls Vance’s ‘indentured servants’ remark deeply offensive
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India’s foreign ministry has called US Vice President JD Vance’s description of foreign workers hired by Microsoft as “indentured servants” deeply offensive. Spokesperson Randhir Jaiswal read out the ministry’s statement at its briefing in New Delhi on Friday. “Resorting to terminology that carries painful historical and colonial legacy connotations is deeply offensive,” Jaiswal said. On […]
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Trump gives Musk, Huang, Su and Brin the National Medal of Science
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Six technology leaders received the country’s highest honours for science and technology from President Donald Trump on Thursday, the White House said. Elon Musk, Sergey Brin, Jensen Huang and Lisa Su got the National Medal of Science. Michael Dell and Satya Nadella got the National Medal of Technology and Innovation. Trump presented the medals at […]
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micro1 commits $1bn to buy company data for training AI agents
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AI training company micro1 will spend $1bn over the next 12 months buying and licensing operational data from companies. The San Francisco company announced the plan on Friday. Citi and Hercules Capital are providing the capital. The money goes through micro1’s Company Data Partnerships programme. The company uses de-identified company data to build reinforcement learning […]
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Anthropic signs CrowdStrike, Hitachi and 9 more to defend power and water
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Anthropic will give its frontier Claude models, engineers and threat research to the companies that guard critical infrastructure. That means power grids, water utilities and transport networks. The Critical Infrastructure Defense Program is the first part of the Anthropic Cyber Mission. The company announced it on Thursday as a long-term effort to support defenders. The […]
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Vesta raises $30M for AI agents that work on mortgage decisions
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Vesta has raised a $30M Series B to expand AI agents that handle mortgage origination work, including underwriting decisions, with three customer lenders among the investors. The same software sold in Europe would be high-risk under the AI Act, and GDPR already limits automated decisions of this kind. Vesta has raised a $30M Series B […]
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Wayve and Stellantis tune one AI driver for Fiat, Jeep and Maserati
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Every car will one day need an AI driving system, just as it needs seatbelts and emergency braking, Wayve chief executive Alex Kendall said. He spoke with Stellantis chief executive Antonio Filosa at Wave by Vento in Turin on Friday. Morgan Stanley’s Adam Jonas moderated. “I think over time we’re going to see this kind […]
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Goldman’s Marco Argenti says AI turns developers into managers of managers
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Goldman Sachs is entering a third phase of AI adoption, in which the goal moves from saving money to making it, the bank’s chief information officer Marco Argenti said. He spoke with Bloomberg anchor Tom Mackenzie at Wave by Vento in Turin on Friday, in a session titled “Mindset, not skillset”. “How do you make […]
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Nik Storonsky wants Revolut to be Europe’s answer to Meta and Google
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Revolut wants to grow beyond banking into a global tech company on the scale of the biggest US groups, but built in Europe, chief executive Nik Storonsky said. He spoke with Exor chief executive John Elkann at Wave by Vento in Turin, in a session titled “Global Champions, European roots”. “Our American dream, I mean, […]
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Intel is reportedly launching new CPUs on a five-year-old socket to allow DDR4
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Gigabyte says new Intel processors will arrive on the five-year-old LGA1700 socket in early 2027, and has updated the BIOS across its whole B760 and H610 lineup. The socket takes DDR4, which costs far less than DDR5 in a market where AI has pushed memory prices to records. Gigabyte says new Intel processors will arrive […]
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Vittorio Colao: Europe missed the digital wave and must not miss the next
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Europe has less than 2 gigawatts of AI computing capacity and needs more, former Vodafone chief executive Vittorio Colao said. He spoke at a closed-door press Q&A at Wave by Vento in Turin on Friday, the event’s last day. “Europe missed the big digital wave. Fine, 20 years,” Colao said. Europe should not miss the […]
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Sam Altman says OpenAI will put its mission before its share price
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Sam Altman said OpenAI will put its mission ahead of its share price once it goes public, even if the stock “falls a lot”. The OpenAI chief executive said it in an interview with Vanity Fair, published on 5 October. Vanity Fair global editorial director Mark Guiducci recorded the conversation in San Francisco on 11 […]
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Tesla renames Full Self-Driving to Tesla Assisted Driving across Europe
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Tesla has renamed Full Self-Driving to Tesla Assisted Driving across its European websites, days after Germany said the old name was misleading. The page under the new name is unchanged, and the real obstacle to EU approval is speed rather than branding. Tesla has stopped calling its driver-assistance software Full Self-Driving in Europe. The feature […]
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Perficient launches AI tools for Medicare Advantage star ratings management
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Perficient has launched an AI suite to help Medicare Advantage plans raise their CMS star ratings, which decide access to more than $13B a year in federal bonus payments. It arrived a day after CMS published 2027 ratings showing fewer plans qualifying, and the consultancy is owned by Swedish buyout group EQT. Perficient has launched […]
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California is paying up to $100,000 a port for public EV fast charging
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California has opened a $28M round paying up to $100,000 per public DC fast-charging port, covering as much as 100% of eligible costs. The top rate goes only to ports above 275kW, even though charger makers’ own data shows plug count raises usage far more than power does. California has opened a $28M round of […]
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Musk blames Indian ‘oligarchs’ for Starlink delay, India calls it baseless
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Elon Musk has accused unnamed oligarchs of keeping Starlink out of India, as Brendan Ruberry reported for Semafor. India’s government has rejected the claim. “Unfortunately, we are being blocked by certain oligarchs in order to maintain their monopolistic chokehold on the Indian people,” Musk wrote on X, Forbes reported. “This is a crime against the people of […]
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Sam Altman says Trump’s AI accord is a good start and more will be needed
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Sam Altman said the superintelligence accord that President Donald Trump signed with AI executives is “a good start”, but that the industry will need more. He said it in the second of two interviews with Vanity Fair, recorded in San Francisco on 2 October. The magazine published both interviews on 5 October. Guiducci recorded the […]
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