Tech

India's Avataar AI launches a video model that costs $0.005 per second, 27x cheaper than rivals

Avataar AI launched Varya, an open-weight video model at $0.005/second, 27x cheaper than rivals. Built under India’s AI Mission, it renders Indian culture accurately.

It’s hot IPO summer, and the MANGOS are ripe

Equity breaks down the hot IPO summer, the rise of MANGOS over FAANG, and what Google's $920M compute deal with SpaceX says about the AI infrastructure race.

SpaceX rented Colossus 1 to Anthropic because it couldn't make the data centre work for Grok

SpaceX rented Colossus 1 to Anthropic after hitting latency and chip mismatch issues trying to use it for Grok. The newer facilities use uniform Blackwell chips.

London Tech Week 2026: The AI Billions and a Royal First

London Tech Week wrapped its 12th edition this week, after three days of main-stage programming at Olympia from 8 to 10 June, with fringe events running across the city through Friday. The festival drew more than 30,000 people from over 130 countries, with 600-plus speakers.

Kevin O'Leary on the fight to build a massive data center

Kevin O'Leary on AI, China, and why America needs more compute power.

Here's what Jeff Bezos' new startup Prometheus will do

It isn’t the only startup tackling physical AI, but it’s one of the best-funded.

Firefox's AI kill switch exists. Only 1% of users have flipped it.

Only 1% of Firefox users used the AI kill switch. Mozilla launched Smart Window (BYO AI models), a built-in VPN with 1.5M signups, and a fall redesign.

Ukraine's one-time test used fully autonomous drones to kill Russian soldiers

Full autonomy is rare, but Ukraine is installing AI modules on drones and robots.

IMF Chief Warns Advanced AI Models Like Mythos

IMF’s Georgieva warned Mythos-class AI “can be used to destroy the financial system” and flagged AI bubble risk. She said patching costs money and countries need fiscal space.

Music industry faces AI deals, streaming fraud crises

The music industry faces four converging crises: AI licensing deals are going live, publishers are challenging performing rights organisations, AI-powered streaming fraud is surging, and a royalty rate-setting showdown with the Copyright Royalty Board looms. NMPA has struck deals with Udio and Klay, Spotify partnered with UMG on AI remixes, and the first AI streaming fraud case ended in a guilty plea.

Statement on the US government directive to suspend access to Fable 5 and Mythos 5

The US government, citing national security authorities, has issued an export control directive to suspend all access to Fable 5 and Mythos 5 by any foreign national, whether inside or outside the United States, including foreign national Anthropic employees. The net effect of this order is that we must abruptly disable Fable 5 and Mythos 5 for all our customers to ensure compliance. Access to all other Anthropic models will not be affected.

$130 billion in data center projects blocked by protests so far this year

Winning fight against AI data centers gives people a “taste of political power.”