Google has launched Gemini 4 Hydrogen, a fast, lower-cost model for coding and AI agents. It is available to everyone in the Gemini app and Search, and to developers at $1.50 per million input tokens. Google says it nearly matches its flagship Argon. Google has launched Gemini 4 Hydrogen, a faster and cheaper model built […]

AMD plans to invest in PsiQuantum, as the two expand their partnership on quantum computing. The companies announced the deal on 12 November. Neither said how much AMD will invest. PsiQuantum already uses AMD’s Versal FPGAs to develop its fault-tolerant quantum computer. These are chips that engineers can reprogram after manufacture. The new deal adds […]

Nebius shares fell 16% on Thursday after the Amsterdam-based AI cloud company cut its outlook for this year. It also raised its spending plans, CNBC’s Jordan Novet reported. The fall came despite third-quarter revenue that rose 571% from a year earlier, to $980.8m. Analysts surveyed by LSEG had expected $907.5m, according to CNBC. Nebius posted […]

HubSpot co-founder Brian Halligan is back as chief executive, five years after he stepped down. He replaces Yamini Rangan, who also leaves the board, with immediate effect from 12 November, the company announced. HubSpot calls it a “refounding” of the company. Halligan told Bloomberg’s Brody Ford that he plans to overhaul HubSpot’s product, culture and […]

Anthropic now lets companies run Claude Managed Agents in their own cloud or data centre. Agent histories and credentials stay on their systems, but each model call still goes to an outside provider such as Anthropic or AWS. Anthropic now lets companies run its Claude Managed Agents service on their own servers, Help Net Security […]

J.Crew has launched Style Advisor, an AI stylist on its US website built with Anthropic’s Claude. Shoppers describe an occasion and get complete outfits from looks J.Crew’s stylists put together. Personal recommendations based on past purchases will come later. J.Crew has launched Style Advisor, an AI stylist on its website built with Anthropic’s Claude, Anthropic […]

Apple has stopped taking new posts on the Apple Support Community and will close the forum on 20 November. The site has been read-only since 10 November, according to a notice on its homepage. “You can continue to find trusted guidance and support on the official Apple Support site,” the notice says. 9to5Mac’s Marcus Mendes […]

Axle has raised $9M led by Eniac and Bonfire Ventures. It makes software that helps investment banks arrange meetings between investors and company management, and will add more AI agents. It says some of North America’s biggest banks use it. Axle, a startup that makes software for investment banks, has raised $9M in a round […]

Anyone who found the address of a Grok Build app could open more than 35,000 of them, security firm Claroc found in research published on 10 November. Two dozen belonged to staff at SpaceXSI, the company that makes Grok. They held a confidential onboarding plan, a sales territory map and advertising proposals. SpaceXSI took its […]

OpenAI’s revenue reached $10bn in the third quarter, up almost 50% from the second, The Information reported. OpenAI shared the figures with investors on Tuesday. Demand for its newer models and enterprise products had picked up, Valida Pau and Jemima McEvoy wrote, citing a person familiar with the matter. It is the first quarter in […]

SpaceX plans to spend $74B on two AI supercomputing sites: a $50B campus in Cochise County, Arizona, and a $24B site with its own gas power plant near Starbase, Texas. It now sells computing power to Anthropic and Google, but faces local pushback in Arizona. SpaceX plans to spend $74B on two AI supercomputing sites, […]

Paris-based Orakl Oncology has raised a $34M Series A co-led by Norrsken VC and Singular. It grows copies of patients’ tumours in the lab, tests drugs on them and uses AI to predict trial results. It will expand into lung and gastric cancer. Paris-based Orakl Oncology has raised a $34M Series A to predict how […]

Anthropic’s share sale has drawn orders for several times the shares on offer, Bloomberg reported on 11 November, citing people familiar with the matter. Large, anchor-size orders drove the demand, the people said. The day before, the Financial Times reported that bankers were preparing to raise the valuation to $1.5tn or more. That would top […]

Germany’s former health minister Karl Lauterbach has said that curing cancer, Alzheimer’s and mental illness within ten years is impossible. He was answering Dario Amodei, whose company’s IPO roadshow video says those diseases will be “relics of the past” within a decade. Doctors and a biotech executive have pushed back too, Business Insider reported on […]

Google and Samsung have opened preorders for their first Gemini smart glasses, made with Warby Parker and Gentle Monster. The nine styles cost $395 to $489, have a 12-megapixel camera and ship on 10 December. Google is stressing privacy features as it takes on Meta. Google and Samsung have opened preorders for their first Gemini-powered […]

Anthropic has formally decided that it meets its own threshold for AI dramatically speeding up its research. It based the call on “what we expect from future models and our overall rate of progress,” not on its current models, it wrote in its amended IPO filing on 10 November. The wording hardened over three filings […]

Databricks has made its Genie app for Slack generally available. Staff can ask it data questions in a channel or direct message, get charts and approve changes in tools such as Jira. Answers use each asker’s permissions, but are visible to the whole channel by default. Databricks has made its Genie app for Slack generally […]

European AI infrastructure company Nebius today reported a surge in quarterly revenues to $981m but said some of its co-location data centre sites powering AI had been hit by delays.

The so-called neocloud also said it had seen a rise in adoption of open-weight models on its platform. Nebius reported a 571 per cent leap in year on year Q3 revenues to $981m, fuelled by demand for its AI infrastructure offering.

Nebius, which is sometimes referred to as a neocloud, builds and operates data centres, packing them with GPUs, then offers access to these data centres to AI and enterprise companies needing compute power, as well as offering them specialised software to run AI applications.

The Amsterdam-listed company reported a net loss of $37.5m in the quarter, a reduction compared to a loss of $119.6m the previous year. Nebius had lost more than a third of its value last month as investors questioned whether the AI infrastructure boom was becoming too expensive to sustain.

The company says it expects to break even on a pre-tax basis by the end of 2027.

Nebius today said it had been hit by delays to its co-location data centre sites, including its 300 MW facility in Vineland, New Jersey.

Nebius CEO Arkady Volozh said: “Building at this scale is hard, and delays are part of our industry right now. We are not immune. For example, some of our co-location sites, including New Jersey, are behind schedule. Customers have been kept informed and none of that capacity is cancelled.”

The delay at its New Jersey data centre campus, in which Microsoft is a major customer, is due to power delays, Nebius said.

The delay means that some of its revenue will shift from 2026 to 2027, Nebius said.

Commenting on the split between open weight and closed models on its platform, Roman Chernin, chief business officer, Nebius said: “We have absolutely seen the adoption of open models accelerate even in the last few months. 

“The bigger the diversification in the market is better for us. This diversification comes from open models or other ways to build specialised models for the use cases. Because it extends the universe of customers and partners we can work with.”