Canva’s backers cut $7.1bn from its valuation, and its own valuer cut more
Emma Rapaport and Paul Smith reported the markdown for the Australian Financial Review on 14 August. The figure appears two ways and both are correct.
Category: Tech
SpaceX has closed its $60bn Cursor deal, and Cursor was buying a company the day before
SpaceX confirmed completion in a regulatory filing. Bloomberg’s Carmen Arroyo and Natasha Mascarenhas reported the close. The desk covered the binding agreement in June, when
LightDM is Back From The Dead, But Canonical isn’t in Charge Anymore
There’s something satisfying about watching a Linux project everyone assumed had quietly died come back with a fresh commit. It happens more often than people
VLC is Wrongly Blamed for Microsoft Defender’s Clumsiness
It all started with a tweet by video game designer Jonathan Blow. Blow is the developer behind games like Braid and The Witness. He mentioned
EV prices rose for the first time in 2026, and the discounts are why
The average US electric vehicle sold for $56,126 in July, up 1.6% on a year earlier and the first rise of 2026, according to Kelley
Joshua Kushner’s Thrive Capital Discloses $215 Million Amazon Stake
Joshua Kushner’s Thrive Capital has bought roughly $215mn of Amazon shares, disclosed in a regulatory filing on Friday. It lands in the same week the
Meta gives up control of Chinese AI startup Manus after eight months
Chinese AI company Manus has laid out its plans to operate as an independent company following the reversal of its acquisition by Meta. The US
Microsoft brings Copilot apps together ahead of ‘super app’ overhaul
Microsoft will bring its two Copilot apps into a unified interface for consumer and work users, part of a wider drive to create a Copilot
Vulnerability giving attackers full control of Macs is under active exploitation
Dutch officials have warned that a high-severity macOS vulnerability that allows attackers to execute malicious code is under active exploitation. “The NCSC has received a
First test flight of largest all-electric aircraft used just $5 of electricity
The first flight of the largest battery-electric aircraft to take to the skies lasted nearly half an hour while costing just $5 of electricity. That
Pipeline for $165 Billion Oracle Data Center Delayed to Next Year
The Green Chile pipeline that would fuel Oracle’s Project Jupiter data centre in New Mexico has been pushed from 15 August to 1 February 2027
OpenAI CFO tells shareholders enterprise revenue has overtaken ChatGPT
OpenAI’s enterprise business now generates more revenue than its consumer business, finance chief Sarah Friar told shareholders on Friday, months earlier than the company had
Google Turns On Gemini A.I. for Students Using Its Classroom App
Google enabled A.I. features for K-12 schools that have allowed student access to Gemini. Until this week, Google automatically enabled Gemini in Classroom only for
Amazon and Alphabet’s Profits Reveal Circular Nature of A.I. Boom
Investment gains at Alphabet and Amazon reveal a new way in which technology companies’ fortunes are increasingly linked.