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The battery that made Nyobolt a unicorn does not power a car. It powers a warehouse robot. The Cambridge-based startup announced on Tuesday that it has closed a 60 million dollar Series C round at a one billion dollar valuation, led by Symbotic, the Nasdaq-listed AI robotics company whose SymBot autonomous mobile robots already run […]

In April, Ukrainian President Volodymyr Zelensky announced that his forces had, for the first time in the history of warfare, seized an enemy position using only unmanned systems. No infantry. No human soldiers entering the contested ground. Drones and ground robots identified the target, suppressed defensive fire, and captured the position without a single Ukrainian […]

Uber missed its revenue estimate on Tuesday. The stock jumped 10 per cent. The divergence between the number Wall Street expected and the number the market rewarded tells the story of a company that has crossed a threshold: Uber is no longer being priced as a ride-hailing business that also delivers food. It is being […]

The building at 1001 Third Avenue South in downtown Minneapolis used to be an office. Now it is a data centre, and its anchor tenant is not a Silicon Valley hyperscaler but Core42, the cloud and AI infrastructure subsidiary of Abu Dhabi’s G42 Group. The lease, reported by Bloomberg on Wednesday, covers 20 megawatts of […]

OpenAI built a ten billion dollar consulting company. Anthropic built a 1.5 billion dollar consulting company. Google is writing a licensing agreement. The difference in approach may determine which AI lab captures the largest new enterprise distribution channel to emerge since the birth of cloud computing itself: the portfolio companies of the world’s biggest private […]

The proposals filed in Brussels aim to settle the European Commission’s investigation into whether Google has been demoting publishers’ pages with third-party advertising content. Failure to settle could expose Alphabet to penalties up to 10 per cent of global revenue. Google has filed a remedies offer with the European Commission proposing changes to how it […]

Justice Elena Kagan denied Apple’s emergency stay application on Wednesday on behalf of the court, declining to refer the request to the full bench. Apple now returns to Judge Yvonne Gonzalez Rogers in Oakland to argue over what commission, if any, it can lawfully charge on external-link app purchases. The US Supreme Court on Wednesday […]

Claude Code’s five-hour rate limits double across Pro, Max, Team, and seat-based Enterprise plans from Tuesday, with peak-hours throttling removed for Pro and Max. The capacity behind the change is a new Anthropic agreement to take all of SpaceX’s Colossus 1 data centre. Anthropic raised the rate limits on Claude Code and the Claude Opus […]

An AI consulting-cum-recruitment startup co-founded by a Google DeepMind scientist and a SoftBank executive has raised $22.75m, led by new investor Andreessen Horowitz.  

The Series A founding round in Ethos also features participation from General Catalyst, Matt Miller's Evantic and trading firm XTX. It follows its $3.25m seed round last year, led by General Catalyst. The startup has raised around $30m in total.

Ethos, based in London, leverages AI to help foundational AI labs, investment funds and corporates with recruiting experts in specific fields, for consulting and full-time roles.

As well as talking to a candidate, the startup's AI scrutinises a candidate's portfolio of work, including academic papers, Github repositories, and professional content, matching them up with the expertise that its corporate clients want.  

It says that more than 5,000 candidates are joining each week across accounting, banking, consulting, law, technology and healthcare alongside skilled tradespeople, including electricians and plumbers.  

Ethos was founded by CTO Daniel Mankowitz, who spent six years at Google DeepMind, and James Lo, a former McKinsey and SoftBank Vision Fund executive, who is now the CEO of Ethos.  

The funding will be used to develop Ethos’s AI agent and expand its global network, while scaling partnerships with AI labs and enterprise clients, it said.

Lo said: "A CV is a poor proxy for what someone is truly capable of. Ethos helps people to see the full shape of their expertise and where it fits in an AI-transformed economy - acting as their agent, opening doors they didn't know existed, and giving companies a far more precise way to find the people they actually need.   

“AI is reshaping the labour market faster than our tools for valuing human expertise can keep up. Ethos is built to change that.”

The London-based AI expert-matching platform, founded by ex-DeepMind and ex-McKinsey alumni, is being valued at the moment hiring is becoming the part of the labour market AI has most visibly degraded. Andreessen Horowitz now leads the round; General Catalyst, the seed lead, is back in. Generative AI has, in the space of about 30 months, […]

The deal pairs a 15-million-share warrant at $180 with a pre-funded warrant for 3 million more, against a Corning commitment to build three new US optical-connectivity plants and grow capacity tenfold. Corning shares closed up roughly 14 per cent. NVIDIA is taking an equity-linked stake of $500m in fibre-optics manufacturer Corning as part of a […]