Illustrating the extent to which it is willing to work with the Trump Administration — and as President Donald J. Trump prepares for tonight’s State of the Union address — Apple now says it will begin to make Mac minis in Houston later this year. The Macs will be made at the same factory where the company now

A suggestion by Anthropic that its Claude Code tool could be used to automate the modernization of an antediluvian programming language, COBOL, still an important sideline for IBM six decades after it was first deployed, sent IBM stock tumbling on Monday. The company suffered a 13.2%  drop in its stock price, its biggest fall since

It’s an open secret (that is, not many people seem to know) that the institutions keeping the global financial system turnig over run code that is ancient, barely understood, and frighteningly hard to replace. Now, AI is finally making that problem solvable – and the market has responded with a reality check for one of

Basware has introduced a AI agents in its invoice lifecycle management platform to extend the existing InvoiceAI abilities of the platform. The company positions the agents as a step towards what it calls “Agentic Finance,” a model in which AI systems undertake finance tasks under preset controls. Jason Kurtz, chief executive officer of Basware said:

Agentic finance AI improves business efficiency and ROI only when deployed with strict governance and clear return on investment targets. A recent FT Longitude survey of 200 finance leaders across the US, UK, France, and Germany showed 61 percent have deployed AI agents merely as experiments. Meanwhile, one in four executives admit they do not

Disconnected clouds aim to improve AI data governance as businesses rethink their infrastructure under tighter regulatory expectations. Ensuring operational continuity in isolated environments has become increasingly vital for businesses. Facilities lacking continuous internet access face unique constraints where external dependencies become unacceptable. Microsoft recently expanded its capabilities to allow regulated industries and public sectors to

Anthropic has detailed three “industrial-scale” AI model distillation campaigns by overseas labs designed to extract abilities from Claude. These competitors generated over 16 million exchanges using approximately 24,000 deceptive accounts. Their goal was to acquire proprietary logic to improve their competing platforms. The extraction technique, known as distillation, involves training a weaker system on the

Slang AI has raised $36 million in Series B funding, bringing total capital raised to $68 million. The round was led by US Venture Partners, with participation from Thayer Investment Partners and former Stripe COO Claire Hughes Johnson. Existing backers Homebrew, Stage 2 Capital, Active Capital, Wing VC, Collide Capital, and Underscore VC also joined

Basis has raised $100 million in Series B funding at a $1.15 billion valuation, marking one of the largest recent rounds in accounting technology. The round was led by Accel through partner Miles Clements, with participation from GV and Lloyd Blankfein. Khosla Ventures, represented by Keith Rabois and Vinod Khosla, doubled down alongside other existing

Turbine has secured $25 million in Series B funding to scale its virtual cell technology and move into immunology. The round was led by Interactive Venture Partners, with participation from Beiersdorf Venture Capital and existing investors Accel, MSD Global Health Innovation, and Mercia. The company also announced a new immunology-focused collaboration with a top 10