Dwayne
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A Greek court sentences four people, including spyware maker Intellexa's founder, to prison, for using spyware to target journalists, politicians, and others (Nektaria Stamouli/Politico)
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Driverless truck startup Einride raised a $113M PIPE at a $1.35B pre-money valuation, down from $1.8B initially attached to its upcoming SPAC deal (Rebecca Bellan/TechCrunch)
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Encord, whose software helps companies developing AI models manage training data for robots and other uses, raised $60M at a $500M pre-money valuation (Rocket Drew/The Information)
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Google says Nano Banana 2 can create images with a resolution ranging from 512px to 4K, and will become the default image generation model in the Gemini app (Ivan Mehta/TechCrunch)
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Sources: PayPal isn't in talks to sell itself, to Stripe or anyone, and has been preparing for months for a potential activist campaign or unwanted takeover bid (Rohan Goswami/Semafor)
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Google rolls out Nano Banana 2, aka Gemini 3.1 Flash Image, with faster image generation, advanced world knowledge, and precision text rendering and translation (Naina Raisinghani/The Keyword)
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Nvidia stock is down 5%+, as investor concerns around the AI infrastructure boom dampen enthusiasm about its better-than-expected earnings (CNBC)
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Rowspace, which builds AI tools for PE firms and hedge funds to organize unstructured data for decision-making, launches with $50M in seed and Series A funding (Leo Schwartz/Fortune)
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OpenAI says it will make London its largest research hub outside of the US, without giving specific details; OpenAI's European headquarters are in Dublin (Sam Tabahriti/Reuters)
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Burger King launches Patty, an OpenAI-powered voice chatbot in headsets that offers coaching, meal prep help, and evaluates interactions for "friendliness" (Emma Roth/The Verge)
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Total on-chain ransomware payments fell 8% YoY to $820M in 2025, despite a record 50% rise in claimed victims; the median payment grew 368% YoY to nearly $60K (Chainalysis)
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Revel, founded by ex-SpaceX Starship software lead Scott Morton to replace legacy systems that test complex hardware like rockets, raised $150M led by Index (Michael J. de la Merced/New York Times)
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eBay says it plans to cut ~800 jobs, or ~6% of its full-time employees, after laying off ~500 people in early 2023 and ~1,000 staff in early 2024 (Jo Constantz/Bloomberg)
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Software stocks in the State Street ETF lost $1.6T in combined market cap in 2026 due to AI fears; Microsoft, AppLovin, Intuit, and Salesforce each lost $50B+ (Wall Street Journal)
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Bermuda-based crypto trading platform STS Digital, which caters to institutional investors, raised $30M led by CMT Digital, with Kraken and others participating (Ben Weiss/Fortune)
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Montreal-based Stay22, which helps publishers and creators earn money from online sales, raised $122M from Summit Partners and reports $1B+ in 2025 transactions (Mathieu Dion/Bloomberg)
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AI coding agents made a huge leap forward since December, completing complex projects with minimal oversight, meaning "programming is becoming unrecognizable" (Andrej Karpathy/@karpathy)
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UK online supermarket Ocado plans to cut ~1,000 jobs and restructure its automated warehouse tech business; Kroger and Sobeys exited their Ocado deals early (Philip Stafford/Financial Times)
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Instagram says it will alert parents if their teen repeatedly searches for terms related to self-harm or suicide in the US, the UK, Canada, and Australia (Jess Weatherbed/The Verge)
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An analysis of 1,000+ YouTube Shorts videos recommended to kids: the algorithm pushes bizarre, often nonsensical, AI-generated videos, and many lack disclosures (Arijeta Lajka/New York Times)
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