Meta accuses Australia of breaching trade pact over news bargaining tax
Meta accuses Australia of breaching trade pact over news bargaining tax

Meta has reached for a bigger weapon. The company accused the Australian government of breaching the US-Australia free trade agreement with its proposed News Bargaining Incentive, and pointed Washington towards the “trade action” it has taken against o…

Netflix turns to generative AI to fix a problem it helped create
Netflix turns to generative AI to fix a problem it helped create

The streaming service that taught a generation to scroll endlessly now wants to sell them the cure. At the Bloomberg Tech conference in San Francisco on Wednesday, Netflix’s chief product and technology officer, Elizabeth Stone, said the company is dep…

Anthropic picks Morgan Stanley and Goldman Sachs to lead its IPO, with a SpaceX computing deal worth $1.25 billion per month buried in the fine print
Anthropic picks Morgan Stanley and Goldman Sachs to lead its IPO, with a SpaceX computing deal worth $1.25 billion per month buried in the fine print

Anthropic has selected Morgan Stanley and Goldman Sachs to lead its initial public offering, with JPMorgan Chase also working on the deal, Bloomberg reported on Tuesday. The Claude developer is weighing going public as soon as October after filing conf…

The EU is asking households to cut electricity use during peak hours because AI data centres are straining the grid
The EU is asking households to cut electricity use during peak hours because AI data centres are straining the grid

The European Commission has called on households across the bloc to reduce electricity consumption during peak hours, citing the rapid growth of AI data centres, accelerating electrification, and rising overall digital infrastructure demand as factors …

EU tech sovereignty package: chip emergency powers and curbs on US cloud
EU tech sovereignty package: chip emergency powers and curbs on US cloud

The Commission’s ‘AI continent’ rhetoric sits atop draft laws that would let it override chip supply contracts and keep US providers away from sensitive government data. The European Commission unveiled its long-delayed technological sovereignty packag…

Suno raises at a $5.4bn valuation, more than doubling its worth in six months
Suno raises at a $5.4bn valuation, more than doubling its worth in six months

Eighteen months ago Suno was the AI company the music industry wanted to destroy. Every major record label had sued it, accusing it of training its models on copyrighted songs without permission. Now the labels are its partners, and investors have repr…

Lovable makes Google Cloud a primary partner to win over corporate buyers
Lovable makes Google Cloud a primary partner to win over corporate buyers

The Swedish app-builder, processing a million new projects a week, is making Google Cloud a primary partner, with Gemini models and a security layer aimed at corporate buyers. The pitch behind Lovable has always been that anyone can build software by c…

EU court frees Meta’s Marketplace from gatekeeper rules but keeps Messenger in
EU court frees Meta’s Marketplace from gatekeeper rules but keeps Messenger in

The General Court annulled the Commission’s designation of Marketplace under the Digital Markets Act, faulting its reasoning, while upholding the same label for Messenger. Meta walked into the EU’s General Court asking it to strike down two gatekeeper …

Factorial raises $150M at a $2.5bn valuation, with General Catalyst betting twice
Factorial raises $150M at a $2.5bn valuation, with General Catalyst betting twice

General Catalyst has decided it wants exposure to Factorial in two ways at once. The Barcelona software company has closed a $150M Series D led by the firm at a $2.5bn valuation, and General Catalyst is committing a further $540M through a separate veh…

DeepSeek lines up its first outside money: a $7bn round at up to $59bn
DeepSeek lines up its first outside money: a $7bn round at up to $59bn

DeepSeek has spent eighteen months as the most talked-about AI lab that almost nobody could invest in. That is about to change. The Chinese startup is slated to raise roughly 50 billion yuan, about $7bn, in its first external funding round, according t…