Journals

Ernesto Van der Sar / TorrentFreak: Six years after EU law enforcement raids shut down German cyberlocker Share-Online, a German court sentences its operator to a two-year suspended prison term  —  In October 2019, an international police operation brought an… Read More »Six years after EU law enforcement raids shut down German cyberlocker Share-Online, a German court sentences its operator to a two-year suspended prison term (Ernesto Van der Sar/TorrentFreak)

MacKenzie Sigalos / CNBC: An MIT study finds that AI can replace 11.7% of the US labor market, or ~$1.2T in wages, based on the “Iceberg Index”, which measures job automation potential  —  Massachusetts Institute of Technology on Wednesday released… Read More »An MIT study finds that AI can replace 11.7% of the US labor market, or ~$1.2T in wages, based on the “Iceberg Index”, which measures job automation potential (MacKenzie Sigalos/CNBC)

Sam Sabin / Axios: Clover Security, whose AI agents plug into developer platforms like GitHub to predict and detect security flaws, raised $36M led by Notable Capital and Team8  —  Clover Security has nabbed $36 million in funding from a… Read More »Clover Security, whose AI agents plug into developer platforms like GitHub to predict and detect security flaws, raised $36M led by Notable Capital and Team8 (Sam Sabin/Axios)

Sidhartha Shukla / Bloomberg: South Korean crypto exchange Upbit suspended deposits and withdrawals after saying $37M worth of Solana tokens were moved to an unauthorized external wallet  —  Upbit has suspended deposits and withdrawals after it discovered an unauthorized transfer… Read More »South Korean crypto exchange Upbit suspended deposits and withdrawals after saying $37M worth of Solana tokens were moved to an unauthorized external wallet (Sidhartha Shukla/Bloomberg)

Fortune: Tidalwave, whose AI agents automate mortgage docs checks and give real-time multilingual feedback to borrowers, raised a $22M Series A led by Permanent Capital  —  Diane Yu remembers getting her first mortgage vividly because it was terrifying.  —  “I… Read More »Tidalwave, whose AI agents automate mortgage docs checks and give real-time multilingual feedback to borrowers, raised a $22M Series A led by Permanent Capital (Fortune)

Nicholas Fearn / Financial Times: London-based AI video startup Synthesia says its ARR reached $100M by April 2025, after reporting 2024 revenue up 82% YoY to $58M and a pre-tax loss of $59M  —  Seeing limited potential in its niche… Read More »London-based AI video startup Synthesia says its ARR reached $100M by April 2025, after reporting 2024 revenue up 82% YoY to $58M and a pre-tax loss of $59M (Nicholas Fearn/Financial Times)

Yuliya Chernova / Wall Street Journal: San Francisco Compute, which provides a marketplace for AI computing capacity, raised a $40M Series A led by DCVC and Wing Venture Capital at a $300M valuation  —  Helping AI developers rent out excess… Read More »San Francisco Compute, which provides a marketplace for AI computing capacity, raised a $40M Series A led by DCVC and Wing Venture Capital at a $300M valuation (Yuliya Chernova/Wall Street Journal)

Financial Times: Sources: Alibaba and ByteDance are among the top Chinese companies training their latest LLMs in Southeast Asian data centers to access Nvidia’s AI chips  —  Alibaba and ByteDance shift development to south-east Asia to sidestep US curbs  — … Read More »Sources: Alibaba and ByteDance are among the top Chinese companies training their latest LLMs in Southeast Asian data centers to access Nvidia’s AI chips (Financial Times)

Kirsten Korosec / TechCrunch: Point One Navigation, which develops precise location tech, raised a $35M Series C led by Khosla Ventures, a source says at a post-money valuation of $230M  —  For San Francisco-based startup Point One Navigation, the value… Read More »Point One Navigation, which develops precise location tech, raised a $35M Series C led by Khosla Ventures, a source says at a post-money valuation of $230M (Kirsten Korosec/TechCrunch)

Mary Ann Azevedo / Crunchbase News: Coverbase, an AI procurement and risk platform provider, raised a $16.5M Series A led by Canapi Ventures, bringing its total funding to $20M  —  Coverbase, an AI-powered procurement platform, has raised $16 million in… Read More »Coverbase, an AI procurement and risk platform provider, raised a $16.5M Series A led by Canapi Ventures, bringing its total funding to $20M (Mary Ann Azevedo/Crunchbase News)