April 2025

Incident.io raises $62M at a $400M valuation to help IT teams move fast when things break

April 10, 2025
In the world of tech, some might argue that the term of the decade is AI, but in the bigger scheme of things, beyond this single sector, the most important word may well be “resilience.” How well prepared are people, organizations, and countries for unforeseen, negative economic, geopolitical, social, and environmental developments? It’s a question […]

The rise of AI ‘reasoning’ models is making benchmarking more expensive

April 10, 2025
AI labs like OpenAI claim that their so-called “reasoning” AI models, which can “think” through problems step by step, are more capable than their non-reasoning counterparts in specific domains, such as physics. But while this generally appears to be the case, reasoning models are also much more expensive to benchmark, making it difficult to independently […]

Drafted uses AI and video resumes to help early-career professionals land jobs

April 10, 2025
As the job market continues to get more competitive, it’s taking months for new grads to land employment, with many settling for roles that don’t align with their goals. To address this problem, Drafted, a new startup emerging from stealth, has built a jobs platform for students and early-career professionals, a subset of people who […]

The Download: AI co-creativity, and what Trump’s tariffs mean for batteries

April 10, 2025
This is today’s edition of The Download, our weekday newsletter that provides a daily dose of what’s going on in the world of technology. How AI can help supercharge creativity Existing generative tools can automate a striking range of creative tasks and offer near-instant gratification—but at what cost? Some artists and researchers fear that such technology could…

AI insurtech Ominimo bags its first investment at a $220M valuation

April 10, 2025
How do you get talented engineers to work for a startup in a mundane field at a time when more exciting companies are paying well and hiring aggressively? Here’s an answer from one insurance startup out of Poland called Ominimo: make pay competitive, yes, but more importantly, give those engineers the license to apply their […]

How AI can help supercharge creativity

April 10, 2025
Sometimes Lizzie Wilson shows up to a rave with her AI sidekick.  One weeknight this past February, Wilson plugged her laptop into a projector that threw her screen onto the wall of a low-ceilinged loft space in East London. A small crowd shuffled in the glow of dim pink lights. Wilson sat down and started…

Revent rocks the boat with a fresh $100M to invest in people and the planet

April 10, 2025
It would appear the environment and society remain relevant, whatever you might hear in some other quarters. At least, that’s one conclusion to be drawn from the news that European specialist VC Revent has closed a  €100 million ($109 million) Fund II to invest in “planetary and societal health” startups.  Launched out of Berlin in […]

A fresh $100M rolls into DIG Ventures as it bids to woo early-stage European startups

April 10, 2025
The number of “operator VCs” — former founders turned VCs — in Europe in recent years. This is common in the U.S., where the majority of VCs are former founders. The reverse is true in Europe, where most come from banking or finance. Recent examples in Europe include Wise founder Taavet Hinrikus, Glovo founder Oscar […]

Elon Musk’s AI company, xAI, launches an API for Grok 3

April 10, 2025
Billionaire Elon Musk might’ve just been countersued by OpenAI. But that isn’t stopping his AI company, xAI, from making its flagship Grok 3 model available via an API. It has been several months since xAI unveiled Grok 3, the company’s answer to models like OpenAI’s GPT-4o and Google’s Gemini.  Grok 3 can analyze images and respond to questions, […]