Copenhagen-based Light, which develops AI-powered software to automate financial tasks like accounting and bookkeeping, raised a $30M Series A led by Balderton
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Klarna launches a $40/month unlimited mobile plan in the US via a partnership with telecom services startup Gigs, following similar offerings by Revolut and N26
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Paris-based Pennylane, which makes cloud-based accounting software for SMBs, raised €75M, doubling its valuation to €2B, led by Sequoia, CapitalG, and Meritech
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The OpenAI-led Stargate announcement only mentioned Microsoft as a tech partner, but Microsoft is poised to benefit from the JV by offloading AI computing costs
Despite OpenAI Backing Ryan Browne / CNBC : From Musk to Nadella: Trump's $500 billion AI project stirs drama among the biggest names in tech Eleanor Pringle / Fortune : Satya Nadella says he's ‘good ...
Klarna partners with Stripe to make its BNPL service available as an option to merchants using Stripe's payment tools in 26 countries, ahead of Klarna's US IPO
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How cloud computing, AI, and geopolitics could shape the evolution of ransomware, which could cost victims $265B annually by 2031, as the AIDS Trojan turns 35
Ransomware is now a billion-dollar industry. But it wasn't always that large — nor was it a prevalent cybersecurity risk like it is today. Bluesky: @michae.lv . LinkedIn: Ryan Browne Bluesky: Michael...
The UK opens a consultation on AI and copyright, aiming to offer an “opt out” exception to copyright law, forcing companies to open models to scrutiny, and more
Campaign for Protection of Rights Fights Back Jeremy Kahn / Fortune : Top AI labs aren't doing enough to ensure AI is safe, a flurry of recent datapoints suggest Find out how algorithmic tools are use...
Wise reports H1 2025 revenue up 19% YoY to £591.9M, profit up 55% YoY to £217.3M, and active personal and business customers up 25% YoY to 11.4M; WISE jumps 5%+
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Accel: Klarna alumni have founded 62 new startups, more than any $1B+ European fintech startup; Revolut alumni founded 49, and Wise and N26 alumni had 33 each
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Accel expects 2024 VC funding for cloud startups in the US, Europe, and Israel to rise 27% YoY to $79.2B, with 40% of the money going to generative AI startups
AI Eating Software Legals and disclosures This document has been prepared by Accel … Accel : Euroscape 2024: AI eating software Supantha Mukherjee / Reuters : AI, cloud funding in US, Europe and Israe...