Category: Uncategorized

Private equity firm Thoma Bravo has closed its inaugural European fund at €1.8 billion ($1.9 billion), through which it plans to take equity stakes in mid-sized software companies across the continent. Europe has no shortage of homegrown venture capital (VC) funds — the likes of Atomico and Cherry Ventures have closed early and growth-stage funds… Read more

Billy McFarland is back, with Fyre Festival 2. Scheduled to take place in Isla Mujeres, Mexico from May 30 to June 2, tickets just went on sale, ranging from $1,400 to a truly brazen $1.1 million — even though no artists have been confirmed, and McFarland himself isn’t sure if he can legally leave the… Read more

WordPress.com owner Automattic last year acquired the multi-service messaging app Beeper for $125 million and said it would merge it with Texts.com, an earlier acquisition in the same category. Now, Beeper is releasing the first set of redesigned apps for iOS and desktop in beta after the merger. In a blog post, Beeper said that… Read more

The U.K. government is pushing forward with plans to attract more AI companies to the region by proposing changes to copyright law that would allow developers to train AI models on artists’ content on the internet—without permission or payment—unless creators proactively “opt out.” Not everyone is marching to the same beat, though. On Monday, a… Read more

Ofcom, the U.K.’s internet safety regulator, has published another new draft guidance as it continues to implement the Online Safety Act (OSA) — the latest set of recommendations aim to support in-scope firms to meet legal obligations to protect women and girls from online threats like harassment and bullying, misogyny, and intimate image abuse. The… Read more

In a bold move last month, Scale AI CEO Alexandr Wang took out a full-page ad in The Washington Post, telling President Trump that “America must win the AI war.” The statement sparked mixed reactions, as seen during Wang’s appearance Sunday during the opening night of Web Summit Qatar. When Wang’s interviewer Axios’s Felix Salmon… Read more

Anthropic’s next funding round is reportedly growing larger. Anthropic, which makes the AI chatbot Claude, is finalizing a $3.5 billion fundraising round that values the company at $61.5 billion, according to The Wall Street Journal. Anthropic initially set out to raise $2 billion, but investors have now agreed to a larger tranche, per the WSJ.… Read more

Edtech company Chegg has sued Google claiming that the tech giant’s AI summaries of search results have hurt Chegg’s traffic and revenue. In the suit, filed in the U.S. District Court for the District of Columbia, Chegg accuses Google of unfair competition — specifically reciprocal dealing, monopoly maintenance, and unjust enrichment. Google, Chegg claims, forces… Read more

Do you sometimes refer to X by its old name, Twitter? That’s okay. Even Elon Musk, the man who changed Twitter’s name to X, still occasionally refers to the social media platform he runs as Twitter. “Twitter added far more features with fewer people,” said Musk in a post on X Monday. The owner of… Read more

Elizabeth Holmes and Ramesh “Sunny” Balwani’s appeals to overturn their fraud convictions and reduce their prison sentences were denied Monday by the Northern District Court of California, which also refused to soften their $452 million joint restitution order. Holmes, the founder of Theranos, and Balwani, its former COO, were convicted in separate trials in 2022… Read more