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Finance, VC & PE
Where the money meets the ethics: AI funding rounds, VC and PE moves, valuations and market power — tracked daily.
Gartner: Billionen US-Dollar f�r KI werden sich �ber neue Produkte amortisieren
Die Rechenzentren erwirtschaften vielleicht nie die Einnahmen, um die KI-Investitionen zu amortisieren, aber sie erm�glichen neue Produkte und Dienstleistungen, die dies laut Gartner schaffen werden. Ein Interview von Achim Sawall ( Gartner , KI )
Crypto bill faces Democratic backlash over new ethics rules
Key Senate Democrats are balking at the latest version of a cryptocurrency regulation bill over a White House-approved ethics provision that they argue falls short, complicating the bill's chances of passing in the narrow window before lawmakers leave town next month. Sen. Cynthia Lummis (R-Wyo.), who leads the Senate Banking digital assets subcommittee, unveiled an...
Journal investigating apparent data mismatch in climate study
A leading environmental economics journal is looking into claims that a 2025 study linking national innovation to lower carbon emissions contains data that does not match its source, after an expert in the field requested the paper be retracted. The article appeared in Ecological Economics, the journal for the International Society for Ecological Economics and … Continue reading Journal investigating apparent data mismatch in climate study
Zedcrest Group acquires cross-border payments startup Leatherback in global fintech push
The acquisition formalises a relationship that began in 2021 when Zedcrest participated in Leatherback’s $10 million pre-seed funding.
Law and Media Round Up – 27 July 2026
The Trinity Legal Term ends on Friday 31 July 2026. The summer legal vacation will run until Thursday 1 October 2026 when the Michaelmas Legal Term will begin. On 23 July 2026, the Investigatory Powers Tribunal (Lady Carmichael, Chamberlain J and Mr Shaw KC) handed down judgment in Kearney and BBC v Chief Constable of the Police […]
CXMT becomes China’s most valuable A-share company after $8.6 billion IPO
ChangXin Memory Technologies (CXMT), China’s largest DRAM maker, raised RMB57.92 billion ($8.6 billion) in its Shanghai STAR Market IPO on July 27, in what became the largest mainland semiconductor offering on record. By the midday break, its shares had risen 531% from the IPO price, pushing its market value to RMB3.66 trillion and making it […]
Chinese chip champion CXMT soars more than 500% in market debut
Tech group becomes China’s most valuable listed company in mainland’s biggest IPO since 2010
TeamSystem’s private equity owners look at stake sale at €8bn valuation
Process could test investors’ willingness to back business software groups with market roiled by AI disruption
Math Education Digital Shadows for Investigating Learning with GenAI: Mathematics Performance, Anxiety, and Confidence in LLMs
arXiv:2604.27618v2 Announce Type: replace-cross Abstract: Understanding the impact of large language models (LLMs) on mathematics education requires data on LLMs' mathematical performance and biases. To this end, we introduce Math Education Digital Shadows (MEDS), a dataset mapping how LLMs reason about mathematics across human- and AI-like personifications. MEDS comprises 28,000 runs from 14 LLMs (i.e., Mistral, Qwen, DeepSeek, IBM Granite, Microsoft Phi, and xAI Grok) generated under human-sha
China memory chipmaker CXMT’s shares soar in a blockbuster share listing in Shanghai
Shares of Chinese memory chipmaker CXMT have soared as the company began trading in Shanghai in mainland China’s biggest IPO in recent years.
China memory chipmaker CXMT skyrockets 500% in blockbuster Shanghai debut
The Hefei-based company raised 57.92 billion yuan ($8.6 billion) after pricing its IPO at 8.66 yuan per share.
Digital advertising founder David Jones: ‘Why not do 95% of it with fast, efficient machines?’
Brandtech’s chief executive says AI is transforming industry but his company faces doubts over valuation
CXMT shares rise 472% as DRAM maker becomes largest China-listed firm by total market cap
Shares of ChangXin Memory Technologies (CXMT), China’s leading maker of dynamic random-access memory (DRAM) chips, rose 472 per cent on their Shanghai trading debut, giving the company a market capitalisation of 3.31 trillion yuan (US$489 billion). The Hefei-based company opened at 49.50 yuan on the Star Market on Monday morning, compared with its initial public offering (IPO) price of 8.66 yuan. CXMT has become the most valuable company listed on the mainland Chinese market. The size of the...
Insurtech Corgi hits $4 billion valuation on latest raise
Corgi, an AI-powered full-stack insurance platform, has reportedly hit a $4 billion valuation after raising money from investors for the fourth time this year.
TRuE-XAI: causal and explainable ai framework for trustworthy corporate earnings growth forecasting
Forecasting corporate earnings growth is fundamental to investment, credit, and regulatory decision-making. Existing forecasting approaches either rely on restrictive linear assumptions or provide limited interpretability, making them less suitable for high-stakes financial applications. This study proposes a transparent and causally informed framework for predicting future corporate earnings growth from financial statement data. We present TRuE-XAI (Transparent, Rule-based, and Explainable Arti
Board-level AI literacy as a missing governance capability: a pilot study of boards and executives
Corporate boards increasingly bear formal fiduciary responsibility for overseeing AI-driven strategic and sustainability decisions, yet their practical capacity to exercise such oversight substantively remains poorly documented. This study investigates whether a measurable AI governance capability gap exists between board-level and executive-level AI competence and examines the implications of this gap for the integrity of AI-driven ESG reporting. A pilot study (n = 26) of board members and seni
Hybrid CNN with angular margin supervision for robust face identification and verification
Face recognition systems are widely used in surveillance, biometric authentication, access control, and digital identity verification; however, supervision sensitivity, evaluation stability, and performance consistency across datasets remain insufficiently understood. This study investigates the behavior of convolutional, transformer-based, and hybrid face recognition architectures under both Softmax and ArcFace supervision using five-fold subject-disjoint cross-validation on the Labeled Faces i
Partner-Associate Park Passion Predicament — See Generally
What's The Billing Code For This : A midday park-bench makeout session between a Biglaw partner and associate ends up going viral. $1.2 Billion Worth Of 'Are You Sure This Is Legal?' : MV Realty has sued Holland & Knight claiming it sank $156 million into a unique financial product blessed by the firm and 16 state attorneys general came calling . John "Torture Memo" Yoo Invents New Crime To Threaten Administration Critics : John Yoo went on Fox News suggesting the Trump DOJ investigate Zohran Ma
Evidence Attribution in Visual Document Understanding without Coordinates or Region Labels
Reliable visual document understanding requires a model to attribute each answer to the evidence regions that support it. Recent benchmarks and systems express this step through a coordinate interface: the model outputs the coordinates of bounding boxes that mark the evidence regions in the document. Under this interface, vision-language models often fail to identify the right regions even when the answer is correct, a failure known as Attribution Hallucination. We present a study that investiga
Towards Robust Reinforcement Learning for Small-Scale Language Model Agents
The alignment of Small Language Models (SLMs) in the 70--500M parameter range using reinforcement learning is often considered unstable, though the underlying failure mechanisms have not been systematically investigated. In the State-of-the-Art (SOTA) research, fifteen (model, corpus) configurations were trained using Proximal Policy Optimization (PPO). The experiments included Pythia-70M, 160M, 410M and SmolLM2-135M, 360M on the TinyStories, CNN/DailyMail, and Wikitext-103 corpora. Three reprod
An Inside Look at the Relay Market Powering Token Resellers and Fraud
An Inside Look at the Relay Market Powering Token Resellers and Fraud Fascinating investigation by Matt Lenhard into the market that has grown up around reselling LLM tokens at a discount by pooling API keys from various sources. This looks to be mostly a thing in China. Resellers sell access to an LLM proxy that offers significant discounts on regular API pricing, which they achieve by abusing free trials, proxying through unprotected support bots, or sometimes through stolen credit cards or ch
Traders are getting a new tool to wager on the biggest U.S. stocks
CME Group Inc. will launch single-stock futures Monday, allowing investors to hedge or speculate on more than 50 of the largest US companies.
20 Years Ago, a Feature Documentary Announced the Death of the Electric Car
Long before the Tesla revolution, Sony Pictures Classics' ‘Who Killed the Electric Car?’ investigated why GM discontinued the beloved EV1.
European start-up with SpaceX ambitions aims for a $2bn valuation
The Exploration Company in talks to raise $300mn for reusable space capsules
DP-IVON-Gradsq: Differentially Private Squared-Gradient Improved Variational Online Newton
Differential privacy provides formal privacy guarantees for training neural networks on sensitive data, while Bayesian deep learning offers a principled framework for uncertainty-aware prediction. Combining these two objectives remains challenging, as privacy noise can interact with the stochasticity introduced by Bayesian posterior sampling. In this work, we investigate differentially private variational Bayesian learning through the Improved Variational Online Newton (IVON) optimizer. We intro
Corporate America may be using AI to cut jobs, but small businesses are using it to keep them
Reports of wide-scale replacement of workers by AI are overblown. Small businesses use it to help workers I recently met the owner of a company that sells windows and doors. He told me he invested about $10,000 in an AI application that is used by his salespeople in his showroom. The application listens to the conversations between the salesperson and the prospective customer and then automatically creates a quote for the salesperson to review and send. “It allows my salespeople to talk to more
Low profile, high AI ambition: what leaked comments reveal about DeepSeek’s Liang Wenfeng
In an era dominated by aggressive tech founders who chase billion-dollar valuations and maximal profits while curating loud public profiles, Liang Wenfeng stands out for his insistence on staying in the background. With only a couple of photographs of him circulating online, the founder of Chinese artificial intelligence start-up DeepSeek and quantitative hedge fund High-Flyer Quant has long been a reclusive figure. But last week, a leaked transcript of a closed-door meeting with potential...
The U.S. government invested $27 billion in corporate stakes. Good luck finding them
The Trump administration’s equity stakes—from Intel to quantum startups—appear in no budget document and are subject to no watchdog.
DeepSeek pauses its second fundraising round after founder’s leaked investor comments go viral
DeepSeek has suspended its second fundraising round after comments made by founder Liang Wenfeng during private investor meetings were leaked and went viral on Chinese social media, Bloomberg reported on Friday. Liang verbally informed prospective backers to hold off on the round, which had been targeting a pre-money valuation of roughly 480 billion yuan, equivalent […] This story continues at The Next Web
Amazon is investing in the Lean Focused Research Organization
As AI agents take on higher-stakes decisions, Lean programming language makes it possible to mathematically prove they will behave safely.
Wall St Week Ahead US stocks face tests from Fed decision, tech-led earnings deluge
A wobbly U.S. stock market will take its cues in the coming week from a Federal Reserve meeting set to shed light on the path for interest rates, and from a packed slate of corporate earnings led by ...
Why frontier labs are quietly agreeing on fintech's memory problem
Anthropic's engineering team recently published a notable admission: they stripped more than 80% of...
Intern arrested in Belgium on suspicion of spying inside NATO military headquarters and ‘being a member of a criminal organization’
Belgium's Federal Prosecutor's Office said it launched an espionage investigation after NATO’s security services tipped off Belgium’s military intelligence.
Apple’s biggest-ever leak happened in India. Will firms rethink their China relocations?
When Apple set its sights on India as its next promising market, CEO Tim Cook planned to take a leaf out of the company’s China playbook – a retail and manufacturing strategy that had paid hefty dividends to the US tech giant. “We are, in essence, taking what we learned in China years ago and how we scale to China and bringing that to bear,” Cook told investors in February 2023. The company had just seen record quarterly sales in the Indian market, and was just weeks ahead of the opening of...
The ‘Trump Trade’ is turning into a loser in the stock market
Ned Davis Research’s Trump Trade Index has slumped about 16% since May after clobbering the S&P 500 Index at the beginning of the year.
Here are 4 forces that drove a tough week for stocks
Investors navigated everything from escalating tensions in the Middle East to key tech earnings reports to healthcare developments.
Rural NY School District Will Be One of First to Bring Humanoid Robot Into Classroom
This story originally appeared in New York Focus, a nonprofit news publication investigating power in New York. Sign up for their newsletter here. When students return to school this fall in the Salamanca City Central School District in Western New York, a new kind of teacher will be ready to greet them. The small, rural […]
Nvidia is pouring $1 billion into South Korea’s AI infrastructure through Naver and SK Group
Nvidia will invest $1 billion in South Korean internet company Naver to help finance an AI data center under construction in South Korea, the chipmaker announced late Friday. The funding will allow Naver to more than triple the size of the facility from 55 megawatts to 200 megawatts, with US private equity firm Brookfield agreeing […] This story continues at The Next Web
OpenAI hit by another outage as ChatGPT, Codex, and APIs stumble together
OpenAI’s status page reported elevated error rates across its APIs, ChatGPT, and Codex on Saturday, marking the fourth service disruption in four days for the company. Users encountered 503 errors with the internal label “biscuit_baker_service_me_circuit_open,” which prevented requests from reaching OpenAI’s servers. The company moved from investigating to monitoring within an hour, saying it had […] This story continues at The Next Web
Siempre hemos temido al robot autoconsciente: hay argumentos técnicos y filosóficos para dotarles de "razón"
Uno de los grandes temas de la ciencia ficción se ha convertido hoy en objeto de debate en el sector de la robótica. Que las máquinas tengan consciencia aumentaría su utilidad en ciertas circunstancias y algunos investigadores trabajan para lograr esta meta. Aunque el concepto no se aplica en los robots como se aplica en las personas. Ricardo Sanz, profesor de la Universidad Politécnica de Madrid (UPM), acude a congresos de consciencia en las máquinas desde hace más de dos décadas. Recuerda su p