Author: bibhuti

French AI lab Mistral AI is in early discussions to raise about €3 billion ($3.5 billion), Bloomberg reported Friday, citing anonymous sources. The funding round would value the company at around €20 billion (about $23.15 billion), nearly double the €11.7 billion valuation it received in a Series C funding round last September. One of Europe’s leading AI startups, Mistral launched in 2023 with the stated ambition to “put frontier AI in the hands of everyone.” The company has taken a more open approach to its AI development compared to its American rivals, offering some foundational large language models with open…

Former FTX CEO Sam Bankman-Fried failed to overturn his fraud conviction and 25-year prison sentence tied to the collapse of FTX after a three-judge appeals panel rejected his bid for relief.The unanimous ruling by the 2nd US Circuit Court of Appeals in Manhattan, New York, found that the government’s case against Bankman-Fried was, in the court’s words, “conservatively stated, robust,” according to Reuters.Source: Toby Cunningham“While he ‌was publicly reassuring customers, investors and regulators ‌that FTX customer funds were safe, he was simultaneously using FTX as his own personal piggy bank, spending customer funds ⁠on real estate, ⁠political contributions, and investments,”…

The IPO market is back, and it’s not the same companies leading the charge. FAANG had a good run, but a new acronym is taking over: MANGOS — Meta (or Microsoft, depending on who you ask), Anthropic, Nvidia, Google, OpenAI, and SpaceX. Half of that bunch is heading to public markets in the same window, and it’s a stress test for investors, for valuations, and for […] Source link

Alaska’s glaciers are highly sensitive to rising temperatures. According to new research using satellite radar observations, every 1 degree Celsius increase in average summer temperatures extends glacier melting by roughly three weeks. A single degree Celsius equals 1.8 degrees Fahrenheit. The study also demonstrates that synthetic aperture radar (SAR) can automatically and consistently monitor glaciers and their snowlines throughout the year. Traditionally, snowlines are usually measured only near the end of the melt season using optical instruments. Researchers found that SAR provides more dependable data than conventional surface-based optical methods. The findings were published in Nature. The study was led…

Key Aspects: All of Carnival Elation‘s 4-night Bahamas cruises will be visiting Celebration Key earlier than planned. Guests will enjoy the same amount of time in the private port destination, just shifted earlier in the day. A total of 50 sailing departure dates are impacted by this adjustment and guests are receiving email notifications. Celebration Key in the Bahamas opened in July 2025 and is rapidly becoming a favorite port for many Carnival cruisers, but guests sailing aboard Carnival Elation over the next two years need to be aware of changed times for their visits to the private destination. Carnival…

Emergency services were called to Western Road, in Newhaven, at 5.55pm yesterday, June 11, following the collision. Crews from East Sussex Fire and Rescue Service assisted Sussex Police to make the scene safe. Damage to the property following the crash (Image: Sussex News and Pictures) Sussex Police confirmed no one was injured in the collision. Kerry Fish, 43, a British national, of Fort Road, Newhaven, was charged with driving whilst over the prescribed limit of alcohol. She has been bailed to appear before Hastings Magistrates’ Court on September 9.  A spokesperson for the fire service added: “East Sussex Fire and…

The weather may be unpredictable, but that shouldn’t stop you from stepping out of your everyday routine and expanding your network.After all, even just one connection can lead to big opportunities. Whatever you’re looking for, networking can open many doors for you – whether that’s finding a reliable supplier, hiring your first employees, or even getting funding for your business.And they don’t have to be all stuffy or formal either. From coworking days and coffee mornings to netwalking events and founder socials, there are plenty of opportunities to meet like-minded people in a way that feels natural and enjoyable.With that…

SpaceX has captured the attention of media, investors, and the public for years now — interest propelled by the company’s reusable rocket launches, the rise of its Starlink satellite network, and of course, for its founder and CEO Elon Musk. But in its 24-year history, nothing quite compares to this initial public offering. Everyone seems to be interested, and perhaps it’s because of the sheer size of this IPO. The company priced its 555.6 million shares at $135 each to raise $75 billio, making it the largest IPO in history. At this price, the deal also looks set to make…

Friday 12 June 2026 1:58 pm The Bank of England has warned interest rates may be hiked due to inflation. Inflation expectations hit a record high in the second quarter of the year, which could rattle Bank of England policymakers and build the case for an interest rate hike. The Bank’s joint survey with Ipsos found that, on average, households believe inflation will rise by 3.9 per cent over the next five years. It was the highest reading for inflation expectations recorded since data collection began in early 2009. Inflation expectations for the year ahead also rose to four per cent, up from…

If you have ever typed tyre shop near me or tyre service near me into Google late at night after spotting a worn tread, you already know how scattered the UK tyre market can feel. This guide cuts through the noise. We rank the top 3 places to buy tyres in the UK, with Tyres.co.uk taking the top spot as the most convenient online tyre retailer, followed by 2 alternatives worth knowing about. Along the way we cover how to choose the right tyres, how fitting works, and the questions UK drivers ask most often. The aim is simple: help…