Gropyus files for insolvency of several subsidiaries after a promised investor financing failed to arrive.
EU Advocate General Szpunar says Google's Gemini may infringe press copyright when AI answers replace visits to original articles, but training is permissible.
Binance hackers steal $6.3bn via fake interviews and a coding task, with $2.85bn frozen.
Gropyus subsidiaries file for insolvency as promised financing fails
Funding and deals
Salesforce. Salesforce is buying the call-centre AI agent maker Cresta for around $2.7bn, roughly 27 times its subscription revenue of more than $100m.
Anthropic. Institutional investors are reportedly pushing the AI developer towards a lower valuation in its planned IPO, according to Semafor.
Enginsight. The Jena cybersecurity platform took a double-digit million-euro investment from the growth investor Verdane.
Tumbleweed. The Viennese space tech startup raised €6.9m led by PacktVC. It rents experiment containers from €15,000 and launched Austria's first commercial satellite four months ago.
Guest interviews
Nikolaus Schäfenacker, CEO of CO3. His Berlin logistics data platform CO3 has acquired Kinva from Oslo, and he prefers buying technology over building it.
News
Gropyus subsidiaries file for insolvency. Several subsidiaries of the Viennese wooden-house builder, which employs around 550 people, are insolvent after a promised investor financing failed to arrive. CEO Philipp Erler blames the tougher market and expects new investor talks to close before proceedings open.
Court adviser backs copyright claim against Gemini. Advocate General Maciej Szpunar sees possible copyright infringement by Google's Gemini in the court's first generative AI case, brought by Hungarian publisher Like Company. Training on protected works he deems permissible, but not answers that replace the original.
Binance hack traced to fake job interviews. Attackers compromised two engineers, one through a fake video interview and a prepared coding task. $6.3bn flowed out of the exchange on 29 October, and $2.85bn has since been frozen.
US newspapers sue browser Brave over AI licences. Four publishers including the New York Times accuse Brave of selling their articles without a licence to AI companies through its search API, with Anthropic and Perplexity among the buyers, and of circumventing paywalls.
Tech giants tap bond markets despite rising rates. Alphabet and Meta are selling new bonds despite rising interest rates, and Oracle is joining them, with demand for hedges growing. Leonard Menger reads this as financiers examining the risks of billion-dollar AI investments more closely.
Schwarz Digits and Bull build European AI cloud. The IT arm of Lidl's parent and the French supercomputer maker are building a European AI cloud sold through Stackit, with servers from Bull's plant in the town of Engé. They position it as a sovereign alternative to US providers.
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On this episode 2
Show 1
GoStudent opens its platform to outside founders. The Builders programme gives founders access to more than 200,000 customers and locations such as Studienkreis and Berlitz. Founders keep 75 percent, and GoStudent can take a majority from year three paid in its own shares.