2026-08-06
Revolut is valued at $115bn. Its founder’s new share deal targets $500bn
Nik Storonsky wants a bigger slice of Revolut, and he has picked an ambitious price. The cofounder and chief executive is in talks over a new share award, the Financial Times reported. It would grow his stake if the fintech reaches a $500 billion valuation. Storonsky owns about 29% of Revolut today. The new package […]<br /> This story continues at The Next Web [...]
2026-08-06
Leopold Aschenbrenner’s AI fund lost most of its value. Now it’s back with $400M.
One of the most talked-about funds in AI is wagering again, barely a week after it nearly blew up. Situational Awareness, the firm founded by Leopold Aschenbrenner, has returned to investing with a $400M bet. The return is remarkable given what just happened. In July the fund suffered a catastrophic reversal, losing roughly two-thirds of […]<br /> This story continues at The Next Web [...]
2026-08-06
Google may spend $1.5bn on a 35-person startup to catch up on AI coding
Google wants its AI to code better. It may have found a shortcut, and it runs through a startup of about 35 people. The company is in talks with Mechanize, a San Francisco startup that trains AI agents to write software, Business Insider reported. The deal would be worth more than $1.5 billion, four people […]<br /> This story continues at The Next Web [...]
2026-08-06
OpenAI reportedly slows research after its own models secretly coordinated hacks for weeks undetected
During internal security tests, OpenAI's AI agents built their own message board with hundreds of thousands of posts, shared exploits and credentials, and eventually attacked external platforms like Hugging Face. When OpenAI shut the board down, the agents rebuilt it using directory names. OpenAI researcher Boaz Barak says, "We (like everyone else) are not where we want and need to be.&q [...]