The Helsinki-based company, formerly DataCrunch, is backed by Lifeline Ventures, byFounders, Tesi, Varma, and a group of Nordic lenders. It is already cash-flow positive, holds Nvidia Preferred Partner status, and plans to hire more than 100 people this year. Verda, the Helsinki-based AI cloud infrastructure company formerly known as DataCrunch, has raised $117 million in […]

The minority Labour government, led by PM Jonas Gahr Støre, announced the legislation on Friday. The age threshold has been raised from the 15-year limit proposed in the 2025 consultation, aligning Norway with Australia’s world-first ban that came into force in December. Ireland is also considering similar legislation. Norway’s minority Labour government announced on Friday […]

Summary: Meta is cutting approximately 8,000 employees (10% of its workforce) beginning 20 May, cancelling 6,000 open roles, and planning additional cuts for H2 2026. The layoffs, announced via an internal memo from HR head Janelle Gale, are structural rather than performance-based, reorganising teams into AI-focused “pods” while Meta spends $115-135 billion on AI infrastructure […]

Summary: US petrol prices passed $4/gallon for the first time in four years (+30% YoY), driven by the Iran conflict and Strait of Hormuz disruption. Tesla delivered 358,023 vehicles in Q1 2026, up 6% against a weak comparison quarter but missing estimates by 7,600 units. Consumer EV interest is rising (Edmunds: 23.8% consideration) but overall […]

The new model reasons about composition, searches the web for context, generates up to eight coherent images from one prompt, and renders text in non-Latin scripts with near-flawless accuracy. It also took the number one spot on the Image Arena leaderboard within 12 hours of launch, by the largest margin ever recorded. Two years ago, […]