In Brief

CaaStle board confirms financial distress, furloughing employees

Startups /

CaaStle, a startup that launched in 2011 as a plus-sized clothing subscription service and later became an inventory monetization platform for clothing retailers, is facing financial difficulties, the company confirmed to TechCrunch following a report by Axios. Citing a letter from the board, Axios reported that the company is almost out of money, CEO Christine […]

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Alphabet’s AI drug discovery platform Isomorphic Labs raises $600M from Thrive

Biotech & Health /

Isomorphic Labs, the AI drug-discovery platform that was spun out of Google’s DeepMind in 2021, has raised external capital for the first time. The $600 million round was led by Thrive Capital, with participation from GV and existing investor Alphabet, Google’s parent, it said.     The funding will accelerate further development of Isomorphic’s AI drug

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Google claims news is worthless to its ad business after test involving 1% of search results in eight EU markets

Media & Entertainment /

Google has reported the results of an experiment it ran which removed news from search results for 1% of users for 2.5 months in eight* markets in Europe — claiming the results show that news is essentially worthless to Google’s ad business. The search giant conducted the test because European copyright law requires it to

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Anthropic is reportedly prepping a voice mode for Claude

AI /

According to a report, AI startup Anthropic is working on voice capabilities for its AI-powered chatbot, Claude. The company’s chief product officer, Mike Krieger, told the Financial Times that Anthropic plans to launch experiences that allow users to talk to Anthropic’s AI models. “We are doing some work around how Claude for desktop evolves  […

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Apple loses appeal against Germany’s special abuse control for Big Tech

Apps /

Being a staggeringly successful big tech company does have some downsides: Apple has lost an appeal against a special abuse control regime that Germany’s competition watchdog applied to it last year. The iPhone maker can expect to continue to face bespoke competition controls in a major European market, in addition to other similar laws (such

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China is reportedly keeping DeepSeek under close watch

Startups /

China appears to think homegrown AI startup DeepSeek could become a notable tech success story for the country.  After DeepSeek’s sudden rise to fame in January with the release of its open “reasoning” model, R1, the company is now operating under new, tighter government-influenced restrictions, according to The Information. Some of the company’s employees have

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Accused LockBit ransomware developer extradited to the US

Security /

Rostislav Panev, a 51-year-old dual Russian and Israeli national who is accused of being a key developer for the notorious LockBit ransomware gang, has been extradited from Israel to the United States, the Department of Justice announced on Thursday.  Panev was arrested in Israel in December 2024, becoming the third person arrested for their role

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