Bercan Kilic got his dream job in 2023, designing aerodynamics for Red Bull Racing while it was winning everything. He found the engineering magnificent and the point of it thin. His Munich startup, microagi, has now raised $55m, which it says is the largest seed round a German company has secured. Hummingbird led, with Northzone, […] This story continues at The Next Web
Kathy Hochul signed the executive order on Tuesday. Donald Trump was demanding she undo it by Wednesday. The order pauses construction of new data centres drawing 50 megawatts or more for up to a year, making New York the first US state to pull the brake on the buildings powering the AI boom. State officials are to […] This story continues at The Next Web
Microsoft executives spent an internal meeting on Tuesday teaching the sales force how to run down OpenAI, Google, and Anthropic, which would be unremarkable except that two of those companies supply the models inside Microsoft’s own products. The session was billed as a strategy kickoff for the fiscal year that began this month, and it leaned […] This story continues at The Next Web
A single refinery can carry thousands of sensors measuring temperature, pressure, velocity, and viscosity. According to Applied Computing, operators make decisions using less than 8% of what those sensors tell them. The London startup has raised a $20m Series A to close that gap, led by engineering giant KBR with Databricks Ventures participating. Founded in 2023, it […] This story continues at The Next Web
Hans Kluge opened his speech in Lisbon with a number, which is not how the World Health Organization usually does this. “Let me start with a number: 8%,” the WHO Regional Director for Europe told delegates on 15 July. “That’s the share of countries in the WHO European Region that have a health-specific AI strategy. Just 8%.” […] This story continues at The Next Web
The company says the defendant engineered prompts to defeat Grok’s safeguards. Courts on three continents are being asked whether the safeguards were ever the point. AI has sued one of its own users, alleging he used Grok to generate child sexual abuse material in breach of the company’s terms of service. It is understood to […] This story continues at The Next Web
The May bid was €33 and landed below the close. Eight weeks later it is €41.50, with 14 markets carved out to a New York firm before anyone asks about competition. Uber has agreed to buy Delivery Hero for €41.50 a share in cash, a 26% improvement on the offer it put on the table […] This story continues at The Next Web
Goldman Sachs booked $3.4bn in investment banking fees in the second quarter, a record, up 55% on a year earlier. Its chief executive has a name for what is driving it. “We are in the middle of an AI CapEx super cycle where there are demands on financing into every single financing instrument, in every […] This story continues at The Next Web
European companies are heading into their strongest quarterly earnings season in more than three years, and almost none of it is about AI. STOXX 600 constituents are forecast to grow second-quarter profits by 15.3% year on year, according to LSEG I/B/E/S data compiled by analyst Tajinder Dhillon and published on 9 July. That works out at €156.8bn […] This story continues at The Next Web
Ofcom has opened a formal investigation into whether TikTok is failing to protect children from harmful content, escalating a dispute that has been running in public since May. The probe, announced on Thursday, examines two things under the Online Safety Act: whether TikTok has adequate measures to work out that a given user is a […] This story continues at The Next Web
