Category: Uncategorized
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Polestar EV sales jump in Q1 on discounts like its ‘Tesla conquest’ bonus
Swedish electric vehicle maker Polestar saw its first-quarter sales jump 76% compared to the same period in 2024 after it began offering discounts and other promotions, including ones geared towards locking in Tesla owners. Polestar sold 12,304 cars in the first three months of the year compared to 6,975 in Q1 2024. Sales were relatively… Read more
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Incident.io raises $62M at a $400M valuation to help IT teams move fast when things break
In the world of tech, some might argue that the term of the decade is AI, but in the bigger scheme of things, beyond this single sector, the most important word may well be “resilience.” How well prepared are people, organizations, and countries for unforeseen, negative economic, geopolitical, social, and environmental developments? It’s a question… Read more
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Trump orders federal investigation into former CISA director Chris Krebs
Trump fired Krebs by tweet in 2020 after he publicly debunked Trump’s false claims of election fraud. Read more
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The rise of AI ‘reasoning’ models is making benchmarking more expensive
AI labs like OpenAI claim that their so-called “reasoning” AI models, which can “think” through problems step by step, are more capable than their non-reasoning counterparts in specific domains, such as physics. But while this generally appears to be the case, reasoning models are also much more expensive to benchmark, making it difficult to independently… Read more
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Drafted uses AI and video resumes to help early-career professionals land jobs
As the job market continues to get more competitive, it’s taking months for new grads to land employment, with many settling for roles that don’t align with their goals. To address this problem, Drafted, a new startup emerging from stealth, has built a jobs platform for students and early-career professionals, a subset of people who… Read more
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AI insurtech Ominimo bags its first investment at a $220M valuation
How do you get talented engineers to work for a startup in a mundane field at a time when more exciting companies are paying well and hiring aggressively? Here’s an answer from one insurance startup out of Poland called Ominimo: make pay competitive, yes, but more importantly, give those engineers the license to apply their… Read more
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Revent rocks the boat with a fresh $100M to invest in people and the planet
It would appear the environment and society remain relevant, whatever you might hear in some other quarters. At least, that’s one conclusion to be drawn from the news that European specialist VC Revent has closed a €100 million ($109 million) Fund II to invest in “planetary and societal health” startups. Launched out of Berlin in… Read more
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A fresh $100M rolls into DIG Ventures as it bids to woo early-stage European startups
The number of “operator VCs” — former founders turned VCs — in Europe in recent years. This is common in the U.S., where the majority of VCs are former founders. The reverse is true in Europe, where most come from banking or finance. Recent examples in Europe include Wise founder Taavet Hinrikus, Glovo founder Oscar… Read more
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Elon Musk’s AI company, xAI, launches an API for Grok 3
Billionaire Elon Musk might’ve just been countersued by OpenAI. But that isn’t stopping his AI company, xAI, from making its flagship Grok 3 model available via an API. It has been several months since xAI unveiled Grok 3, the company’s answer to models like OpenAI’s GPT-4o and Google’s Gemini. Grok 3 can analyze images and respond to questions,… Read more
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Wayve’s self-driving tech is headed to Nissan vehicles
Nissan said it will use self-driving software developed by Wayve to beef up its advanced driver assistance system starting in 2027, a landmark deal for the buzzy UK startup that has raised more than $1.3 billion from Nvidia, Microsoft, SoftBank Group, and Uber. Nissan will integrate Wayve’s software as well as sensors, including lidar from an undisclosed… Read more