2026-07-14
Pasqal’s SPAC filings reveal a $2bn French quantum bet, and a French kill switch
France’s Pasqal is heading to Nasdaq at a $2bn valuation, roughly 100 times its revenue. Its own filings spell out two things. Quantum computing might never pay off. And Paris can veto who owns the company. Pasqal, the French quantum-computing firm, is going public in the United States. It is merging with a blank-cheque company, […]<br /> This story continues at The Next Web [...]
2026-07-14
Flex raises $70m from Ryan Smith’s Halo fund to take its AI private bank global
Six months ago, Flex raised $60m and called it a Series B. On Tuesday it said it had raised another $70m, and rather than move down the alphabet, it settled on a Series B1. The round was led by Halo, the investment firm set up last year by Qualtrics founder Ryan Smith, who owns the […]<br /> This story continues at The Next Web [...]
2026-07-14
xAI is running 59 unpermitted gas turbines, twice what it has admitted
Emails between regulators and xAI’s consultants put most of the turbines in Southaven, Mississippi. Within five miles on the Tennessee side, about 94% of residents are Black. Ervin Laws lives in Colonial Hills, a neighbourhood in Southaven, Mississippi, where residents say the turbines running around the clock sound like jet engines. “I can’t do anything […]<br /> This story continue [...]
2026-07-14
Moneybox is Europe’s newest unicorn, and it’s testing London’s new private market to prove it
Moneybox is Europe’s newest unicorn, worth £800m, or $1.1bn. But no fundraise set that price. Staff did, by selling shares on London’s untested new private market. Moneybox, the British savings and investing app, is now a unicorn. It has put a value of about £800m, or $1.1bn, on itself, the Financial Times first reported. The […]<br /> This story continues at The Next Web [...]
2026-07-14
‘Listing is a must’: China’s LimX raises $200m as the humanoid IPO race heats up
China’s humanoid gold rush just minted another contender. LimX Dynamics has raised $200m at a $2.21bn valuation. And its founder says the race to list has become do-or-die. A Shenzhen humanoid startup has become the latest name in China’s robot boom to command a giant valuation. On Tuesday, LimX Dynamics said it had closed a […]<br /> This story continues at The Next Web [...]
2026-07-14
ECB names 36 payment firms for the digital euro pilot
Deutsche Bank, UniCredit, Revolut, Stripe and Adyen made the list. The 12-month trial starts in the second half of 2027, and the money it moves will not be legal tender. The European Central Bank published the list on Tuesday: 36 payment service providers, drawn from more than 50 applicants, will run the first pilot of […]<br /> This story continues at The Next Web [...]
2026-07-14
New York freezes new data centres for a year, the first US state to pull the brake
Kathy Hochul stopped the diggers on Tuesday. New York became the first US state to halt construction of large new data centres, imposing a one-year moratorium on anything drawing 50 megawatts or more, on the grounds that the buildings powering the AI boom are pushing up household bills, draining water, and landing hardest on the […]<br /> This story continues at The Next Web [...]
