The AI story has mostly been told through chips, data centres, and the companies building the models. It is now being told through the shampoo aisle. The world’s largest makers of everyday goods, the businesses behind the bottles and packets in most kitchens and bathrooms, say they are using artificial intelligence to design products and […]
This story continues at The Next Web
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Shampoo and cookies get an AI makeover as consumer giants rewire their labs
via thenextweb.com
-
Klarna applies for a US banking licence, its boldest American move yet
via thenextweb.com
Klarna wants to be a real American bank. The Swedish BNPL giant has applied for a US banking licence, betting a friendlier Washington will let it crack a market that has bruised European rivals. Klarna has applied to US regulators to set up its own bank, tech.eu reports. The Swedish fintech filed with the Utah […]
This story continues at The Next Web -
Reddit fights AI marketing ‘slop’ with its own AI, as GEO becomes the new SEO
via thenextweb.com
People increasingly ask ChatGPT instead of Google. So marketers now plant fake opinions on Reddit, hoping the chatbots repeat them. Reddit is fighting back with AI of its own. Reddit has a new spam problem, and a strange one. Brands seed the platform with stealth marketing, Bloomberg reports. They plant posts and comments that pose […]
This story continues at The Next Web -
Microsoft guts Xbox: 3,200 jobs cut and five studios divested, two of them European
via thenextweb.com
Microsoft told its Xbox staff the truth in blunt terms: the business “is not healthy.” The fix? 3,200 job cuts, five studios out the door, two of them European. Xbox chief executive Asha Sharma laid it out in an official memo on Monday. She called it the most significant restructure in the division’s history. Xbox […]
This story continues at The Next Web -
Broadcom extends its Apple chip work through 2031 in a fresh custom-silicon deal
via thenextweb.com
Broadcom has extended its long-running relationship with Apple through 2031, signing new multi-year agreements to design and supply a range of custom chips for the iPhone maker. The deal deepens one of the most important supplier relationships in consumer electronics, and it sent Broadcom’s shares up around 4% as investors read it as a guarantee […]
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Uber quietly pauses 5 of 7 European food-delivery launches as it chases Delivery Hero
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Five months ago, Uber promised to storm five new European countries with its food-delivery app. It just quietly hit the brakes, and the reason looks a lot like a €10bn takeover. Uber has paused five of its seven planned 2026 European launches, the Financial Times reported. Uber announced the push in February, targeting Austria, Norway, […]
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Camera-free smart-glasses maker Even Realities hits $1bn on a $150M raise
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Meta has sold millions of camera-equipped smart glasses, and landed in a privacy storm for it. A Shenzhen startup is betting $1bn that the smarter move is to leave the camera off. Even Realities has raised $150m at a $1 billion valuation, TechCrunch reported. Chinese giants Meituan and Tencent led the round. It makes the […]
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Denmark steps into an EU court fight over what platforms owe publishers
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Denmark has taken a side in one of the quieter but more consequential legal battles over how the internet pays for journalism. The Danish government has filed a written intervention at the Court of Justice of the European Union, backing Belgium in a case brought by a group of technology companies that dispute how Belgium […]
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Cambridge’s Worldmodeldata raises £7M to turn video games into AI training data
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The last wave of AI learned to describe the world. The next needs to learn how the world pushes back. A Cambridge startup thinks the answer hides inside video games. Worldmodeldata has raised £7m (€8m) to turn gameplay into AI training data, Tech Funding News reported. London’s Iona Star Capital led the seed round. Lord […]
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Hedge funds sold chip stocks for a fourth week, but not the AI trade
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Hedge funds cut their holdings of semiconductor stocks for a fourth straight week, according to Goldman Sachs prime brokerage data, in a run of selling that has made chipmakers and their equipment suppliers the most heavily net-sold corner of the US market. The move comes as parts of the AI trade wobble, and it will […]
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Finland’s CurifyLabs raises $14M to 3D-print personalised medicine in the US
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Your prescription, printed to order. A Finnish startup wants to turn the back room of your pharmacy into a tiny, automated drug factory, and it just raised $14m to do it in America. CurifyLabs has closed a $14m (€12m) Series A, the company announced. The Helsinki firm makes machines and software that let pharmacies 3D-print […]
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Spain’s Sherpa.ai raises $18M for AI that never touches your data
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Everyone wants the power of AI. Few want to hand their most sensitive data to a foreign cloud to get it. A Basque startup thinks it has the fix. Sherpa.ai has raised $18m to build AI that never sees your raw data, tech.eu reported. The Spanish company sells to banks, hospitals and governments, the customers […]
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A senior FCA official says Britain should weigh regulating AI models directly
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Britain should consider whether large language models such as ChatGPT, Claude, and Gemini ought to be regulated as they increasingly influence how consumers make financial decisions, a senior official at the Financial Conduct Authority has said. Sheldon Mills, an executive director at the FCA, argued that the existing rulebook will have to evolve as firms […]
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Thought Machine crosses $100M revenue and delays its London IPO to 2028
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Most tech founders chase a bigger valuation. Thought Machine’s boss would rather talk about revenue, and he has just crossed a milestone worth boasting about. The London core-banking company has passed $100m in annual revenue for the first time, tech.eu reported. It also took a fresh £30m ($41m) from a “tier 1” bank, and pushed […]
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ITV sells its broadcasting arm to Comcast’s Sky for up to £1.6bn
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ITV has agreed to sell its media and entertainment division to Sky, the Comcast-owned broadcaster, in a deal worth up to £1.6bn that redraws the map of British television. The transaction hands Sky the ITV channels and the ITVX streaming service, and leaves the seller as a pure production business, a split that arrives as […]
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UK’s Cooper warns of an AI ‘Hiroshima’ and calls for global rules
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Britain’s foreign secretary has a stark analogy for artificial intelligence. Do not wait for its Hiroshima moment before writing the rules. Yvette Cooper will warn that AI could become the “greatest security challenge of the next decade,” according to Bloomberg. She sets it out in an essay for the Chatham House think tank, published on […]
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Japan’s Turing takes AMD money and AMD chips to loosen Nvidia’s grip
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Nvidia powers almost every self-driving car project going. A small Japanese startup is quietly handing some of that work to AMD instead. Turing Inc. has added AMD Ventures to its backers and started running its AI on AMD chips, Bloomberg reported. The five-year-old Tokyo firm wants to put self-driving software in consumer cars and robotaxis […]
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Taiwan’s Unimicron seeks up to $1.4bn as AI lifts the chip-substrate makers
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Unimicron Technology is looking to raise as much as $1.4bn from a sale of global depositary shares, joining the long line of companies cashing in on investors’ appetite for anything tied to artificial intelligence. The Taiwanese firm is selling 50 million shares at $26.96 to $27.76 each, a discount of roughly 3% to 6% to […]
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Tesla brings its Robotaxi to Miami, and drops the safety monitor
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Tesla’s driverless cabs have reached a fifth US city. This time, there is no human minder in the car at all. The company rolled out its Robotaxi service in part of Miami on Friday, it announced on X. A map in the post showed a small patch of West Miami, well away from the busy […]
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Midjourney turns the tables, demanding the studios suing it reveal their AI
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The studios suing Midjourney say it trained AI on their characters without permission. Midjourney’s answer: prove you do not do exactly the same thing. The AI image generator wants a US federal judge to intervene. It has asked the court to force the studios suing it to reveal how they use AI internally, Variety reported. […]
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Apple supplier Luxshare set to price Hong Kong’s biggest IPO of 2026 at the top
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Luxshare Precision is set to price its Hong Kong listing at the top of its range, a sign of strong demand for one of the year’s marquee share sales. The Apple supplier plans to fix the offer at the maximum HK$63.28 a share, according to people cited by Bloomberg, raising as much as $3.1bn and […]
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Solstice and Element Solutions weigh a $27bn merger of materials makers
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Solstice Advanced Materials is in talks to merge with Element Solutions in a deal that would create a specialty-materials company worth about $27bn, according to a Financial Times report. The two would combine as a merger of equals, the paper says, and could reach an agreement as soon as this week, though nothing has been […]
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China’s Biren raises $892M to build GPUs that can take on Nvidia at home
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Nvidia can barely sell its best chips in China. A crop of local challengers is racing to fill the gap. One of them just raised nearly $900m to speed up. Shanghai Biren Technology is selling HK$7 billion (about $892.5m) of new shares to boost GPU production. That is according to the South China Morning Post. […]
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Nvidia’s Kyber AI rack slips to 2028, and one circuit board is to blame
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Nvidia’s next flagship AI machine has hit a wall, and the culprit is a single circuit board. The Kyber rack meant to house its 2027 Rubin Ultra chips has slipped to 2028. Research firm SemiAnalysis flagged the delay, and CNBC reported it. Kyber is not a chip. It is a server cabinet. It packs 144 […]
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Novartis buys UK biotech Myricx for up to $1.5bn to chase a new cancer-drug class
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Novartis has agreed to buy Myricx Bio, a small British oncology company, for up to $1.5bn, adding an early-stage but potentially significant technology to a cancer pipeline the industry keeps racing to expand. The Swiss group will pay $1.1bn upfront, with up to $400m more tied to milestones, in a deal that fits the pattern […]
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Samsung’s appliance workers plan a rally over the bonuses going to chip staff
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The workers who build Samsung’s phones, televisions, and washing machines are about to make their unhappiness visible. Their union says several thousand of them will gather near the company’s Suwon headquarters on 16 July to protest the bonuses their colleagues in the chip division have won, a grievance that has been building since the semiconductor pay […]
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The UN says AI is moving faster than the rules, and it has a report to prove it
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The United Nations has put a number of its concerns about artificial intelligence into a single document, and the headline finding is not subtle. AI capabilities, the organisation says, are accelerating faster than any government’s ability to understand, test, or regulate them. The warning arrives as delegates gather in Geneva for the opening of the […]
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Samsung heads for an 18-fold profit jump as AI memory demand runs hot
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Analysts expect around 86 trillion won in second-quarter operating profit, a third straight record, as DRAM and NAND prices climb. Samsung Electronics is on course for one of the strangest earnings comparisons in its history. Analysts expect the company to report second-quarter operating profit of around 86 trillion won, roughly $56bn, when it publishes preliminary […]
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Is the ‘SaaSpocalypse’ a myth? The real cost of AI-built software
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Before replacing SaaS subscriptions with internally built AI software, executives should evaluate the full lifecycle cost of ownership rather than focusing on development cost alone. The key question is not whether the organisation can build a tool, but whether it has the capacity and resilience to maintain, secure, and continuously evolve it over time. This […]
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AI-native startups hire fewer juniors and more elites, Harvard study finds
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Startups built around AI hire fewer entry-level workers than their peers, according to a working paper from Harvard Business School and INSEAD, first reported by Business Insider. The firms are leaner, flatter, and heavily weighted towards senior technical talent. Researchers Rembrand Koning and Hyunjin Kim examined Y Combinator startups from 2020 to 2024 alongside a broader set of […]
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