Day: July 23, 2026

Revolut confirms fresh secondary share sale, at reported $115BN valuation Revolut has confirmed that it has started a fresh secondary share sale, valuing the digital bank at a reported $115bn.   The sale will allow some Revolut employees to cash in on their shares, which, according to Bloomberg, are valued at

OpenAI and Datadog leaders back AI deployment startup Arrakis London-based AI deployment startup Arrakis has emerged from stealth, having raised nearly $40m in just over three months. Arrakis was founded by former Accel investor Rafael Quintanilla, along with former Palantir executive Haroun Beltaifa, Romain Fouilland, also previously of Palantir, and Mikhail Galkov,

Lightning Reach acquired by ETG as mission-driven govtech group expands portfolio Fintech-for-good platform Lightning Reach has been acquired by European Technology Group (ETG), a mission-aligned govtech group and long-term investor. Despite over 20 million people living in financially vulnerable circumstances, over £24 billion in financial support goes unclaimed each year.

Ossprey secures $2.65M to stop software supply chain attacks UK software supply chain security startup Ossprey has raised $2.65 million in an oversubscribed pre-seed funding round to accelerate product development, expand its engineering and commercial teams, and support international growth. The round was led by Episode 1 Ventures, with participation

Google Cloud and NVIDIA power microagi’s embodied AI ambitions Robotics deployment company microagi today announced a collaboration with Google Cloud to accelerate the development of models and robotics capable of understanding and interacting with physical environments. As part of the collaboration, microagi will use Google Cloud’s advanced AI stack and

Sony Music sues Udio over use of over 30,000 songs to train AI Sony Music Entertainment has filed a new lawsuit against the developer of the AI-based music generator Udio. Variety reports on the matter. The company says the service used more than 30,000 songs to train its AI models

OpenAI models accidentally hacked Hugging Face’s systems. How did the incident happen? OpenAI’s artificial intelligence models unintentionally hacked the systems of the Hugging Face platform.  Bloomberg reports this. The company said the incident occurred within a special testing environment. What is known about the Hugging Face platform breach  The company

Meta is testing an AI-based app for creating children’s bedtime stories Meta has begun testing the StoryKit app, which uses artificial intelligence to create personalized stories for children. This is reported by TechCrunch. The pilot rollout of the service is taking place in selected countries to gauge user interest. What

Revolut hits $115bn valuation in employee share sale, reports say Powered by WPeMatico https://sifted.eu/articles/revolut-115-valuation-secondary-share-sale

OpenAI models hack Hugging Face systems during internal testing Powered by WPeMatico https://sifted.eu/articles/openai-hack-hugging-face