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 ...
Sources: Humane's Ai Pin and accessories have brought in $9M+ in sales and $1M+ worth of product has been returned; ~7,000 Ai Pins are still in customers' hands
Prince Constantijn of the Netherlands, a special envoy to startup accelerator Techleap, says Europe risks falling behind the US and China by over-regulating AI
Ryan Browne / CNBC : X: @ryan_browne_ . LinkedIn: Adi Saric X: Ryan Browne / @ryan_browne_ : I spoke with Prince Constantijn of the Netherlands, envoy to Dutch accelerator techlea...
Raspberry Pi jumped by up to 39% on its London trading debut, hitting a ~£542M market cap, after pricing shares at £2.80, and expects to ship 8.4M PCs in 2024
Raspberry Pi jumps by up to 39% on its London trading debut, hitting a £542M market cap, after pricing shares at £2.80, and expects to ship 8.4M PCs in 2024
Cambridge-based creator of low-cost computers targets £542mn valuation — Shares in British microcomputer maker …
Sweden-based Doconomy, which helps bank customers measure the carbon footprint of everyday spending, raised a €34M Series B co-led by UBS and CommerzVentures
Ryan Browne / CNBC :
Telegram partners with Tether to let the messaging app's ~900M users send USDT to each other through The Open Network blockchain
Pavel Durov, CEO of TelegramPaolo Ardoino, CEO of Tether Tether : Tether Tokens (USD₮ and XAU₮) Launch on The Open Network (TON) Krisztian Sandor / CoinDesk : Tether Seeks to Boost...
The NYT sues OpenAI and Microsoft for copyright infringement, alleging they used millions of its articles to train AI, the first major US media outlet to sue
community responds Gaurav Girotra / Tech in Asia : NYT files copyright suit against OpenAI, Microsoft Jacob Oliver / CryptoSlate : New York Times sues Microsoft, OpenAI for alleged...
The UK CMA is considering an antitrust investigation into Microsoft and OpenAI's partnership, and is taking comments until January 3 before making a decision
Update Paul Thurrott / Thurrott : UK CMA and US FTC Are Investigating Microsoft's Partnership with OpenAI (UPDATED) Devesh Beri / MSPoweruser : Microsoft's investment in OpenAI fac...
Source: the US FTC is examining the nature of Microsoft's investment in OpenAI and potentially antitrust law violations but hasn't opened a formal investigation
- The agency hasn't opened a formal probe into Microsoft-OpenAI — Microsoft didn't report deal to FTC due to non-profit status
Spotify lays off ~17% of its workforce, or ~1,500 staff, to “rightsize” its costs, citing slow economic growth and rising capital costs, its third cut in 2023
Spotify is eliminating about 17% jobs, its third round of layoffs, as the music streaming looks to become “both productive and efficient.”
The CMA opens an investigation into the supply of public cloud infrastructure services in the UK with the deadline of April 4, 2025, following Ofcom's referral
Following its probe into the UK cloud services market, Ofcom has referred the matter to the CMA …
Ofcom finds that “hyperscalers” like AWS and Microsoft Azure are limiting competition in the UK's cloud market by making it difficult for businesses to switch
The Ofcom finds that “hyperscalers” like AWS and Microsoft Azure are limiting competition in UK's cloud market by making it difficult for businesses to switch
- Ofcom is concerned that so-called “hyperscalers” like Amazon Web Services and Microsoft Azure are limiting competition in the cloud computing market.
The CMA announces an investigation into public cloud providers in the UK, following a referral from Ofcom, and says the probe will conclude by April 2025
The clouds are gathering over Microsoft's Azure operations in the EU and now the UK, with the launch of a new investigation …
Microsoft plans to unbundle Teams from Microsoft 365 and Office 365 across Europe from October 1, instead offering Teams to enterprise for €24 per year
- Company offers to unbundle Teams from other business software — EU investigating if Microsoft's bundling broke antitrust law
Lithuania announces Tech Zity, a €100M tech campus touted as Europe's largest at ~592K sq. ft., with facilities for 5,000 workers, co-living spaces, and more
Lithuania is vying to become one of the major European tech hubs, bolstered by a growing number of so-called “unicorn” …
UK Prime Minister Rishi Sunak says DeepMind, OpenAI, and Anthropic agreed to open up their AI models to the UK government for research and safety purposes
LONDON — Google DeepMind, OpenAI and Anthropic have agreed to open up their AI models to the U.K. government for research and safety purposes …
Revolut CFO Mikko Salovaara plans to leave “for personal reasons” after two years; documents and LinkedIn show CEO James Radford left the company in March 2023
After Arm shunned a London listing in favor of New York, some VCs in the UK blame Brexit and institutional investors, who lack a good understanding of tech
- British chip designer Arm recently decided to list in New York, leading to worries that London will miss out on more blockbuster tech IPOs.