2026-08-13
Legora is reportedly chasing a $10bn valuation, barely a season after its last raise
Legora, the Swedish legal-AI company that has become one of Europe’s fastest-rising startups, is reportedly seeking to raise fresh funds at a valuation of more than $10bn. If it lands, the deal would roughly double the figure investors put on the business only months ago, a pace that says as much about the frenzy around […]<br /> This story continues at The Next Web [...]
2026-08-13
Revolut is building its own airport lounges, starting in Copenhagen in 2027
Revolut, the fintech that built a fortune on the promise that you would never again need to set foot in a bank, is about to start putting up buildings. The company said today that it will open its own premium airport lounges across Europe, with the first due to debut in 2027 at Copenhagen Airport, […]<br /> This story continues at The Next Web [...]
2026-08-13
Oracle plans fresh August layoffs as its AI spending spree bites
Oracle is planning another round of job cuts this month, according to Business Insider, with some teams reportedly facing double-digit-percentage reductions. Managers have been told to identify the employees affected, and the goal is to trim payroll before 1 September, the start of the company’s fiscal second quarter. Oracle declined to comment. It is the […]<br /> This story continues a [...]
2026-08-13
A billion-dollar game deleted a character in 8 days. Then it had the worst month of its life
In June, Love and Deepspace took about $38m across the App Store and Google Play. In July it took just over $10m, mobilegamer.biz reported this week, citing Sensor Tower. The game slid to 16th in the monthly gacha rankings, having never before dropped out of the top five. Put that against its own history and […]<br /> This story continues at The Next Web [...]
2026-08-13
Fable 5's slow adoption suggests corporate willingness to pay for frontier AI has hit a ceiling
Anthropic's Fable 5 is considered the most powerful AI model on the market, but U.S. companies are barely buying it. According to Ramp data, Fable 5 accounts for only six percent of Anthropic tokens sold. The model's steep price tag suggests corporate AI spending may have hit a ceiling, at least as long as performance gains don't translate into measurable everyday value.<br /> [...]
2026-08-13
Top AI lab researchers warned about automated AI research, and several of their predicted milestones have already fallen
IAPS fellow Severin Field interviewed 25 researchers from OpenAI, Anthropic, Google Deepmind, Meta, and US universities about recursive self-improvement. In a new blog post, he takes stock. Several of the milestones those researchers named have already been hit.<br /> The article Top AI lab researchers warned about automated AI research, and several of their predicted milestones have already [...]
