Block, the company behind Cash App and Square, has opened a new European hub in Dublin. The office is positioned as a base for collaboration, seller engagement, and talent development in what the firm calls “Europe’s fintech epicentre.”
OpenAI is seeking a colossal new funding round to fuel its AI expansion, with talks reportedly underway for up to $60 billion. The company could lose $14 billion this year, highlighting the immense financial pressure behind cutting-edge AI development.
The video game giant is targeting its French headquarters for a “voluntary” reduction of up to 200 positions. This follows last week’s massive restructuring that saw studios shuttered, games canceled, and the company’s stock value nosedive.
Cloud security startup Upwind has landed a massive $250 million Series B round, catapulting it to a $1.5 billion valuation. The funding follows a major push into channel partnerships, adding over 100 new partners in the past year. CEO Amiram Shachar calls it the “first unicorn in modern cloud securi
The British AI firm, which makes tools for enterprise video communications, is now worth nearly double what it was just a year ago. The funding signals massive investor confidence in generative AI for business.
A mysterious trader won $400,000 betting on Polymarket that Venezuelan president Nicolás Maduro would be out by January’s end, just hours before a reported U.S. military strike. The incident has sparked a fierce debate: is using non-public information in these markets fraud, or is it essential for t
Nintendo is facing new labor complaints alleging violations of the National Labor Relations Act. The charges, filed in December and January, come just a few years after the company settled a previous union-busting case for $26,000.
The Sifted Podcast team is looking ahead at the European startup scene. Their big question: will 2026 be the year the AI hype finally deflates? They also dive into sovereign tech and political ambitions.
Tailwind CSS, the popular web developer tool, has laid off 75% of its engineering team. CEO Adam Wathan says AI has crushed traffic to its documentation, leading to an 80% revenue drop and forcing drastic cuts to survive.
China is formally reviewing Meta’s $2.5 billion acquisition of AI startup Manus, a move seen as a warning to other founders. The review highlights Beijing’s growing concern over losing strategic AI talent and technology to American rivals.
