Category Archives: Tech

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Finout raises $40M Series C for its cloud cost management service

Even just a few years ago, FinOps — a collection of best practices to manage the costs of cloud computing — wasn’t something that was top of mind for a lot of businesses. Since then, though, businesses have started tightening … Continue reading

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UK Cloud Services Market ‘Not Working As Well As It Could,’ Says Competition Authority

The group behind the cloud market competition investigation recommends that the Competition and Markets Authority considers giving AWS and Microsoft Strategic Market Status under the new Digital Markets, Competition and Consumers Act.

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Engineering giant Smiths Group says hackers accessed its systems during cyberattack

U.K.-based engineering giant Smiths Group has confirmed a cybersecurity incident involving “unauthorized access” to its systems. The London-listed company, which operates across multiple sectors including energy, security, aerospace and defense, said Tuesday that it is currently “managing” the incident. The … Continue reading

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Uber-backed mobility fintech Moove acquires Brazil’s Kovi, takes ARR to $275M

Uber-backed Moove, an Africa-born mobility fintech that offers vehicle financing to ride-hailing and delivery app drivers across six continents, has acquired Kovi, a Brazilian urban mobility provider. The value of the deal is not being disclosed, but Moove confirmed it … Continue reading

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Britain takes stake in SpaceX rival Orbex to boost space ambitions

The U.K. government has invested £20 million in Orbex, a Scottish spaceflight startup aiming to rival Elon Musk’s SpaceX.

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Meteomatics eyes U.S. expansion for its enterprise-focused weather forecasting tools

Martin Fengler knows a lot about the weather. Fengler got his Ph.D. in mathematics, focused on numerical weather prediction, before working for Meteomedia AG, a network of weather stations in Switzerland and Germany. But while he knew a lot about … Continue reading

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Garmin users say smartwatches have stopped working

Its Fenix 8 smartwatches, which retail for just under £1,000, are some of the devices to have issues.

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DeepSeek’s AI avoids answering 85% of prompts on ‘sensitive topics’ related to China

AI chatbot DeepSeek has taken the world by storm, topping app store charts and sending Silicon Valley and Wall Street into meltdown. An offshoot of Chinese hedge fund High-Flyer, DeepSeek’s cost-to-performance ratio makes for impressive reading compared to incumbents such … Continue reading

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Microsoft probing whether DeepSeek improperly used OpenAI APIs

Just a few hours after David Sacks claimed DeepSeek used OpenAI’s models to train its own models, Bloomberg Law reports that Microsoft is investigating DeepSeek’s use of OpenAI’s application programming interface (API). According to security researchers working for Microsoft, the … Continue reading

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ASML CEO sees low-cost AI models like DeepSeek driving more demand — not less

Without addressing the specifics of DeepSeek’s model, ASML CEO Christophe Fouquet told CNBC he sees no sign of a slowdown in demand for AI chips.

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