Rivian sues the US government not because the legal battle is in doubt, but because winning at the Supreme Court is apparently not enough to guarantee getting your money back. The electric vehicle maker filed suit on Thursday in the US Court of International Trade, naming the US government, US Customs and Border Protection (CBP), and CBP commissioner Rodney Scott as defendants, seeking a full refund of tariffs it paid under President Trump’s ‘Liberation Day’ levies. A Supreme Court Win That Still Needs a Paper Trail The Supreme Court ruled on 20 February 2026, in Learning Resources, Inc. v. Trump,…
Author: Marcus Hale
Marcus Hale
Marcus Hale has been filing general news for the better part of fifteen years. He started at a regional evening paper, moved to a mid-sized digital outlet covering UK news, and spent three years as a general assignment reporter before going freelance. He has covered inquests, council elections, infrastructure announcements, and the kind of stories that sit on page five but matter on page one. He writes about public services, housing, local government, and the institutional stories that take six months to develop and thirty seconds to read. He prefers facts to angles and considers that unfashionable. Marcus lives in Bristol. He still reads the local paper and thinks that makes him an endangered species.
The AI guardrails cybersecurity researchers encounter daily are no longer a minor inconvenience: they are actively redirecting legitimate offensive security work away from US-governed frontier models and toward Chinese open-source alternatives with zero restrictions. That is the blunt conclusion from several people working in offensive security who spoke about how AI tools fit into their workflows, and whose frustrations have sharpened following a turbulent few weeks for Anthropic’s flagship models. The Export-Control Flashpoint That Shook the Field Anthropic released Fable 5 and Mythos 5 on 9 June 2026, describing them as the most capable models in the company’s history, with…
The AegisAI Series A funding round has closed at $36 million, with Battery Ventures leading and existing backers Accel and Foundation Capital returning. The raise brings the startup’s total capital to $49 million and arrives less than a year after AegisAI’s public launch, which is either a sign of genuine market pull or a very well-timed pitch deck. Probably both. AegisAI was founded in 2025 by Cy Khormaee and Ryan Luo, both former Google security executives who spent years building the infrastructure most of us quietly rely on. According to the AegisAI company page, Khormaee led Safe Browsing, reCAPTCHA, and…
Etched’s Series C valuation has landed at $10.3 billion after the AI chip startup closed a $300 million round led by Sequoia, co-founder and COO Robert Wachen confirmed. That is roughly double the $5 billion valuation the company carried in December, achieved in about seven months. Not bad for a firm that was, until recently, best known for the scepticism it attracted. Andreessen Horowitz, SK Hynix, Jane Street, and Diffusion Capital joined the round alongside earlier backers. The company says this is the highest valuation ever for a Sequoia-led Series C, a claim it has volunteered cheerfully and which, for…
The Kimi K3 distillation claims coming from the White House carry political weight, but the technical case behind them is looking shaky. What’s holding up rather better is a separate, arguably more damaging allegation: that Moonshot AI obtained advanced Nvidia chips banned from export to China. White House Office of Science and Technology Policy Director Michael Kratsios, confirmed by the Senate 74 to 25 and sworn in by Vice President JD Vance, publicly accused Moonshot of building Kimi K3, currently the largest available open-weight large language model, by copying Anthropic’s Fable LLM. He also alleged Moonshot used chips banned from…
The ServiceNow BusinessNext investment, announced on 23 July 2026, sees the US enterprise software group take a roughly 5% stake in the Noida-based banking software specialist for $40 million, implying a valuation of $700 million. That is nearly four times the $181 million figure BusinessNext carried after its last external round in 2021, which tells you something about how the market is pricing AI-native banking software right now. The two companies plan to sell jointly to financial institutions, combining ServiceNow’s back-office workflow automation with BusinessNext’s customer-facing banking platform. Think of it as a front-to-back stack play, which is exactly how…
The IBM mainframe business decline hit the company at full force in Q2 2026, with hardware revenue cratering 42% and dragging IBM’s stock to its worst single-day loss on record. The shares fell 25% after the company took the extraordinary step of pre-announcing its own miss, with CEO Arvind Krishna publishing a preliminary letter to IBM investors on 14 July 2026. When a chief executive warns you before the bad news lands, you know it’s bad. The headline numbers were still substantial, in the way that only a 115-year-old franchise can be: $17.2 billion in revenue, $9.9 billion in gross…
Science Corporation’s PRIMA vision restoration device has received CE marking from European regulators, clearing it for commercial sale across 30 European countries, and giving the Neuralink co-founder behind the company his first real revenue engine for far more ambitious plans. The certification, granted by the notified body Science Corporation, came under the EU Medical Device Regulation. Science Corp. describes PRIMA as the first brain-computer interface device to receive CE marking specifically for form vision restoration: the ability to read letters, numbers, and words. The US Food and Drug Administration has also handed the device a designation that opens the door…
Making a ransomware ransom payment is less a resolution than an opening bid: new data from cybersecurity firm Proofpoint finds that more than one-third of the 953 companies it surveyed were hit with a second extortion demand after paying up the first time. The report, published this week, puts hard numbers on something security researchers have argued for years: there is no good-faith negotiation with an extortion racket. Once you have demonstrated willingness to pay, you become a known quantity worth revisiting. Why Ransomware Ransom Payment Rarely Closes the Book Ransomware has evolved well beyond a one-and-done transaction. Proofpoint’s findings…
Glow endpoint security startup has stepped out of stealth with a $180 million all-equity Series A and a $1.2 billion valuation, betting that AI landing on the enterprise endpoint has broken the assumptions underpinning a decade of conventional security tools. The unicorn round was backed by Sequoia Capital, Cyberstarts, Greenoaks, and Redpoint Ventures, with Index Ventures, Swish Ventures, Lux Capital, Operator Collective, and Holly Ventures also participating. That is an impressive roster of names to announce before disclosing a single revenue figure. Glow has paying customers across healthcare, retail, and financial services, but declined to name any or say how…