GoPro warned on Monday that there is “substantial doubt about the company’s ability to continue as a going concern.” The action-camera maker reported a 26% revenue decline in Q1 and expects to breach several loan covenants. Shares fell as much as 14%. …
Gigascale Capital, the venture firm led by former Meta chief technology officer Mike Schroepfer, has raised a $250 million fund to invest in energy, grid infrastructure, and critical minerals startups. The fund, announced on Monday, is Gigascale’s seco…
Quantinuum, the Honeywell-backed quantum computing company, has increased the size of its initial public offering to as much as $1.46 billion after demand from investors far exceeded the original allocation. The company is now offering 26.5 million sha…
The quantum computing industry has spent the last three years measured almost entirely in qubits. Willow’s 105. Nighthawk’s 120. The 540-qubit superconducting platform that integrated nearly 700 control lines into a single cryostat last year. The qubit…
SoftBank plans to invest as much as €75 billion ($87 billion) to build 5 gigawatts of AI data centre capacity in France. It is the Japanese conglomerate’s biggest AI infrastructure commitment in Europe. CEO Masayoshi Son and President Emmanuel Macron a…
London-based AI lab Inherent emerged from stealth on Wednesday with a $50 million seed round co-led by Index Ventures and Radical Ventures. Nvidia’s venture arm NVentures also participated, alongside Ex/Ante, Metaplanet, Macroscopic Ventures, and Mytho…
HeartFocus, the AI-powered cardiac imaging software developed by French medtech company DESKi, has launched HeartFocus Link, a product that connects a tablet to any cart-based ultrasound system through a simple HDMI setup. The tablet runs HeartFocus’s …
Stark, a Berlin-based strike drone startup founded in 2024, is in discussions to raise at least €300 million at a valuation of approximately €2.5 billion, the Financial Times reported. If completed, the deal would more than double the company’s valuati…
Samsung Electronics and LG Uplus signed a memorandum of understanding on 27 May to jointly develop Integrated Sensing and Communication, or ISAC, a technology that would allow mobile network base stations to double as environmental sensors. The agreeme…
Nvidia has committed at least $6.5 billion to photonics companies since the beginning of March, making it the largest single investor in the technology that many in the industry believe will replace copper wiring as the backbone of AI data centres. The…