Month: July 2026

Mobileye CEO Amnon Shashua to step aside as company pushes into robotaxis, robotics Shashua has been invited to take the chairman of the board seat. Powered by WPeMatico https://techcrunch.com/2026/07/23/mobileye-ceo-amnon-shashua-to-step-aside-as-company-pushes-into-robotaxis-robotics/

AMD takes on Nvidia with its Helios AI rack-scale system AMD is challenging its chipmaker rival with a new rack-scale system that will start shipping to customers later this year. Powered by WPeMatico https://techcrunch.com/2026/07/23/amd-takes-on-nvidia-with-its-helios-ai-rack-scale-system/

Patreon lays off 20% of its workforce In a memo to staff that was posted online, Conte said the company’s core business is strong, but the platform has to respond to market changes and adjust its cost structure to remain stable. Powered by WPeMatico https://techcrunch.com/2026/07/23/patreon-lays-off-off-20-of-its-workforce/

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