Monzo’s CEO Got Pushed Out Over IPO Fight
The board of UK fintech Monzo reportedly forced CEO TS Anil to step down. The key issues were a clash over when to take the company public and concerns over his long-term commitment post-listing.
Category: Business
A $3.6 Billion Real Estate Fund Just Got a Brutal Public Market Reality Check
A major private real estate fund just listed on the stock market, and investors immediately voted with their wallets. The fund’s shares opened at a staggering 38% discount to its last reported net asset value. This is a stark lesson in the difference between private marks and public market prices.
Larian’s CEO Fights AI Backlash: “We’re Not Replacing Artists”
Following a Bloomberg report, Larian CEO Swen Vincke faced backlash for comments on using AI. He has since clarified that the studio uses AI only for early ideation and is actively hiring more human artists and writers.
Big Banks Are Finally Making AI Less Of A Black Box
A new report warns that opaque AI in finance threatens trust and compliance. Now, banks are deploying “Explainable AI” and keeping humans in the loop to bridge the gap between power and transparency.
US Puts £31B UK Tech Deal on Ice, Straining “Special Relationship”
A major US-UK tech deal announced last year has been paused by Washington. The move halts billions in planned investment and raises tensions over the UK’s digital services tax.
Lucis raises €7.2M to scale its AI-powered preventive health checkups
Lucis, a Paris-based preventive healthcare startup, has secured €7.2 million in Seed funding. The round was led by General Catalyst with Y Combinator participating. The company offers AI-interpreted lab tests to spot health issues before symptoms appear.
Tomb Raider Recasts Lara Croft With A Mass Effect Veteran
The iconic adventurer Lara Croft is getting a new voice. Alix Wilton Regan, known for *Mass Effect 3* and *Dragon Age*, will star in *Tomb Raider: Legacy of Atlantis* and *Tomb Raider: Catalyst*.
The Vine Reboot is Real, and It’s Taking a Hard Line on AI
Vine, the iconic six-second video app, is getting a second life as “diVine.” Funded by Jack Dorsey and led by Twitter’s first engineer, it’s launching with a strict no-AI policy and a mission to recapture the early social web’s spirit. But can it really make social media great again?
Apple Loses Contempt Appeal, But Gets a Shot at New App Fees
A federal appeals court has backed a ruling that found Apple in civil contempt for defying an order to open its App Store. However, the court also overturned a key part of the ruling, allowing Apple to potentially charge fees on external payment options.
The FinOps Foundation’s FOCUS Gets Sharper
The FinOps Foundation has released version 1.3 of its FOCUS specification to standardize cloud cost data. This move targets the expensive, custom integration work companies do to reconcile bills from different platforms.