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Permira’s Brian Ruder talks AI, Squarespace acquisition, and the value of co-leadership

It has been a busy year in the private equity realm, with countless big-money acquisitions unfolding. The take-private space specifically has seen some sizable transactions, with private equity firms spearheading more than a dozen billion-dollar deals for public tech companies. London-headquartered Permira was a key protagonist, joining Blackstone to acquire European online classifieds group Adevinta […]

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Meet Skyseed, a VC fund and incubator backing the Bluesky and AT Protocol ecosystem

On November 15, Peter Wang posted a message requesting ideas for a new incubator and fund to support experimental projects built on the burgeoning Bluesky/AT Protocol ecosystem. Four weeks later, Skyseed emerged with an initial commitment of $1 million. This turnaround, a speed underscored by the fact that the fund doesn’t even have a website […]

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Arizona’s getting an online charter school taught entirely by AI

The newest online-only school greenlighted by the Arizona State Board for Charter Schools comes with a twist: The academic curriculum will be taught entirely by AI. Charter schools — independently operated but publicly funded — typically get greater autonomy compared to traditional public schools when it comes to how subjects are taught. But Unbound Academy’s […]

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Google joins $90M investment into Cassava to bolster Africa’s digital infrastructure

With cloud spend continuing to surge, tech companies are scrambling to meet demand for the necessary infrastructure, with the growing need for AI compute only adding fuel to the fire. By way of example, Microsoft and BlackRock have created a $30 billion fund to support new data centers and energy infrastructure for the burgeoning AI […]

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Pineapple on pizza is delicious — and if you disagree, you can’t log in to WordPress.org

There are few matters in life that divide a room more than the prudence of putting pineapple on pizza. But if you’re of the persuasion that tropical fruit has no place on a pie, you’ll have to swallow a bitter pill — if you want to access the WordPress.org developer portal and forum, at least. […]

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EU signs $11B deal for sovereign satellite constellation to rival Musk’s Starlink

The European Union is forging ahead with plans for a constellation of internet satellites to rival Elon Musk-owned Starlink, after signing a €10.6 billion ($11.1 billion) deal to launch nearly 300 satellites into low- and medium-Earth orbits by 2030. The bloc wants the space tech to boost its digital sovereignty by providing secure comms to […]

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Open source software companies that go proprietary: A timeline

Open source might be the building blocks of the modern software stack, but companies building businesses off the back of open source software face a perennial struggle between keeping their community happy and ensuring that third parties don’t abuse the permissions afforded by the license. Many companies have launched with lofty open source ambitions, only […]

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Harvard and Google to release 1 million public-domain books as AI training dataset

AI training data has a big price tag, one best-suited for deep-pocketed tech firms. This is why Harvard University plans to release a dataset that includes in the region of 1 million public-domain books, spanning genres, languages, and authors including Dickens, Dante, and Shakespeare, which are no longer copyright-protected due to their age. The new […]

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Gigs, an ‘MVNO in a box,’ gets $73M to power mobile network services for any company

Gigs, a platform that makes it easier for any company to become a mobile virtual network operator (MVNO), has raised $73 million in a Series B round of funding. The announcement comes as countless companies have added mobile networking services to their product lineup this past year, including neobanks such as Nubank (a Gigs customer) […]

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Microsoft quietly axes Skype credit and phone number sales to push subscriptions

Bad news for anyone out there who still uses Skype: the Microsoft-owned phone and messaging platform has quietly stopped letting users top-up accounts with credit and buy Skype phone numbers. Instead, Skype is locking into SaaS mode: it’s pushing users to take monthly subscriptions for regional and global Skype-to-phone plans, for a set monthly fee, […]

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MariaDB spinout SkySQL secures seed funding to ‘bring conversational AI to databases’

Anyone who’s followed the fortunes of MySQL and MariaDB these past 15 years will probably remember SkySQL, another brand that once existed within that same database ecosystem and, a year ago, became a stand-alone company once more. That company today announced it has raised its first outside funding — a $6.6 million seed round — […]

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Aqemia raises $38M to find new drugs by meshing theoretical physics with GenAI

Aqemia, a French startup that’s meshing “quantum-inspired physics” with machine learning to find new drugs, has raised $38 million in a fresh round of funding led by San Francisco-based VC firm Cathay Innovation. This is Aqemia’s second fundraise of the year — it announced a €30 million ($31.5 million) raise back in January — and […]

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Study claims AI could boost detection of breast cancer by 21%

A U.S. breast-screening program claims to demonstrate the potential benefits of using artificial intelligence (AI) in mammography screening, with women who paid for AI-enhanced scans 21% more likely to have cancer detected. DeepHealth, an AI firm owned by radiology giant RadNet, presented its findings at the annual meeting of the Radiological Society of North America […]

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After selling his last startup to IBM, this founder now wants to bring ‘agentic memory’ to enterprise data

Not everyone agrees on what an “AI agent” actually is, but they are all still the rage. At a broad level, these so-called “agents” promise to go several steps beyond a mere chatbot, making decisions and taking actions on people’s behalf. Some might help you do your online shopping; others might make factories more efficient […]

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Vodafone and Three’s $19B merger cleared by UK regulators — with conditions

The U.K.’s antitrust regulator has greenlighted the longstanding planned merger between two of the country’s biggest telecommunication operators. Vodafone and Three constitute two of the U.K.’s four infrastructure-owning mobile network operators (MNOs), alongside O2 and EE. As such, when the duo revealed plans to merge in a $19 billion transaction last June, it was always likely […]

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Linux Foundation report highlights the true state of open-source libraries in production apps

There are many metrics to track the prevalence of open-source components, such as GitHub stars and downloads, but they don’t paint the full picture of how they’re being used in production codebases. Census III of Free and Open Source Software: Application Libraries leans on more than 12 million data points from software composition analysis (SCA) […]

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Google’s Gradient backs Cake, a managed open-source AI infrastructure platform

A new company is emerging from stealth today with backing from Google’s AI-focused venture fund to help businesses compile their open-source AI infrastructure and reduce their engineering overheads. Cake integrates and secures more than 100 components for enterprises, including data source adapters (e.g. Apache Hadoop), data ingestion (e.g. Apache Kafka), data labelling (e.g. Label Studio), […]

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ThredUp fashion marketplace offloads its European business, Remix

Fashion resale marketplace ThredUp has divested its European business to focus on its core domestic U.S. market. ThredUp expanded into Europe in 2021 with the acquisition of Remix, a Bulgarian startup that operates across a handful of central and eastern European markets. Back in May, ThredUp announced a new general manager, Florin Filote, to lead […]

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The OpenWRT One router is designed with ‘software freedom and right to repair’ in mind

A new router designed in collaboration by the Software Freedom Conservancy (SFC) and OpenWRT Project is touted as the first router “designed and built with your software freedom and right-to-repair in mind.” OpenWRT is an open source, customizable operating system based on the Linux kernel, designed primarily for networking devices — such as routers. While […]

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