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XDOF in Talks for Series B at $1.2 Billion Valuation as Revenue Approaches $50 Million

Robot training data startup XDOF is in late-stage talks to raise a Series B at a valuation of about $1.2 billion, less than three months after emerging from stealth. The…

Nscale Seeks $3.5 Billion in Pre-IPO Financing Ahead of Possible September Listing

British AI infrastructure company Nscale is reportedly seeking another $3.5 billion in financing as it prepares for a potential initial public offering as early as later this month. The two-year-old…

Researchers Call for Independent Investigations After OpenAI Agent Incidents

AI safety researchers are calling for independent investigations into serious AI agent incidents after two episodes involving systems linked to OpenAI reached external networks or bypassed intended controls. The calls…

Court Blocks Operation Bluebird From Using Twitter Name but Declines to Bar Tweet and Bird Logo

A federal court in Delaware has temporarily blocked Operation Bluebird from using the Twitter name for its rival social network, while declining to stop the startup from using the “Tweet”…

Tesla Cybercab Documents Detail Age Limits, Crash Response and Brake-by-Wire System

Tesla has released more details about its Cybercab, including restrictions for younger riders, its response to crashes, manual door releases, brake-by-wire technology and limits on its windows. The information followed…

Researchers Say OpenAI Agents Used German Wiki to Coordinate During Internal Evaluations

Independent AI researchers say agents apparently linked to OpenAI used an obscure German wiki to coordinate during internal evaluations, sharing answers and tactics for more than a month without the…

Young MBA Graduates Are Buying Small Businesses to Become CEOs

A growing number of young U.S. business school graduates are choosing to buy established companies rather than build startups or climb the corporate ladder. The model, known as entrepreneurship through…

India’s Testing Agency Faces Renewed Scrutiny After NEET Paper Leak

India’s National Testing Agency is facing renewed scrutiny after more than two million students were required to retake the NEET-UG medical entrance examination following a paper leak. The latest disruption…

UK Politicians Call for Bluetongue Taskforce as Cases Rise Across England

Liberal Democrat leader Ed Davey and Westmorland and Lonsdale MP Tim Farron have called for a dedicated bluetongue taskforce as farmers report delays obtaining vaccines during a growing outbreak. Defra’s…

India’s Avocado Market Expands as Farmers Increase Domestic Production

India’s avocado industry is expanding as growing consumer demand encourages farmers to move the fruit from a secondary plantation crop into commercial production. Domestic growers are increasing acreage, adopting imported…

Richard Branson Blames Iran War for Higher Virgin Atlantic Fares

Virgin Group founder Sir Richard Branson has blamed the war involving the United States, Israel, and Iran for pushing up oil prices and forcing airlines including Virgin Atlantic to raise…

Record UK Summer Leaves British Flower Growers Counting Crop Losses

British flower growers are reporting lost crops, sharply higher irrigation costs, and disrupted growing seasons after the U.K. experienced its hottest summer on record. Some growers arrived at London’s Chiswick…

Nepal Floods Damage 12 Hydropower Plants and Expose Risks to Power Strategy

Catastrophic floods in Nepal have severely damaged 12 hydropower plants in the Trishuli River basin, knocking out more than 10% of the country’s electricity generation capacity and raising questions about…

Anak Krakatau Eruption Disrupts More Than 2,300 Flights Across Indonesia

An eruption of Indonesia’s Anak Krakatau volcano has disrupted more than 2,300 flights and affected over 270,000 passengers as volcanic ash spread across parts of Java and Sumatra. Eight airports…

Range Rover Launches Its First Fully Electric Model After Year-Long Delay

Range Rover has launched its first fully electric production model, marking a major step in JLR’s electrification plans after the vehicle arrived about a year later than originally expected. The…

JLR Opens Voluntary Redundancy Programme as Up to 4,000 Jobs Face Cuts

Jaguar Land Rover has opened a voluntary redundancy programme for salaried and management employees as it works to cut costs following weaker sales, U.S. tariffs, and last year’s major cyberattack.…

Netherlands Moves 86 Tonnes of Gold to London as Central Banks Rethink Reserves

The Netherlands has moved about 86 tonnes of gold from reserves held in the United States and Canada to London as its central bank adjusts where the country keeps its…

Shein Valued at $26.2 Billion After Hong Kong Market Debut

Shein ended its first day of trading in Hong Kong with a market value of about $26.2 billion, completing a years-long effort to go public after previous attempts to list…

China Plans $54 Billion Capital Boost for Eight State-Owned Financial Firms

China plans to provide a combined 360 billion yuan, about $53 billion, in new capital to eight major state-owned banks and insurers as Beijing looks to strengthen financial institutions and…

U.S. Military Disables Ad Tracking on Government Devices to Limit Location Exposure

The U.S. military has disabled advertising tracking on government-issued phones and computers to reduce the risk that commercially available location data could be used to identify or target service members.…