The government has made a £25 million investment in Kraken Technologies in a bid to persuade the fast-growing artificial intelligence business to list in London rather than New York. The investment, made by the British Business Bank, is the state lender’s largest direct commitment to a single company to date and forms part of Kraken’s wider $1 billion funding round ahead of its demerger from Octopus Energy. Ministers hope the backing will help anchor the...
Amazon is preparing to cut thousands more jobs as part of a sweeping overhaul driven by artificial intelligence and internal restructuring, according to reports. The world’s largest retailer is expected to announce a second round of layoffs as soon as next week, following the removal of 14,000 white-collar roles in October. The latest cuts are expected to be of a similar scale, taking Amazon closer to its longer-term goal of shedding around 30,000 positions. The...
Louisiana state Rep. Julie Emerson announced on Thursday that she was nixing her U.S. Senate bid in light of President Donald Trump-backed U.S. Rep. Julia Letlow entering the GOP primary. ‘With Congresswoman Letlow’s entrance into the race, the path to victory that was visible a couple of months ago has diminished. I support President Trump and respect his decision to endorse Julia Letlow to defeat Bill Cassidy. Because of this, I’m choosing to end my...
Juspay has secured $50 million in fresh funding from WestBridge Capital, valuing the business at $1.2 billion and strengthening its push to expand globally as demand for enterprise-grade payment infrastructure accelerates. The Series D follow-on round comprises a mix of primary and secondary investment. The secondary element provides liquidity for early backers and employees holding ESOPs, marking the second such liquidity event the company has facilitated in the past year. The funding comes after a...
President Donald Trump on Thursday said the United States should have considered testing NATO by forcing member countries to respond to America’s southern border crisis. Trump speculated in a post on Truth Social that the U.S. could have invoked Article 5 — the alliance’s collective defense clause that deems an attack on one member as an attack on all — thereby putting NATO ‘to the test.’ ‘Maybe we should have put NATO to the test:...
— The Republican National Committee (RNC) is taking a big step toward holding its first-ever midterm convention. The RNC on Thursday advanced a change to the party’s rules that would allow Chairman Joe Gruters ‘to convene a special ceremonial convention outside a presidential election cycle,’ according to a memo shared first with Fox News Digital. National political conventions, where party delegates from around the country formally nominate their party’s presidential candidates, normally take place during...
The White House is experiencing a baby boom. At least three women with close ties to the White House are pregnant, including second lady Usha Vance, White House press secretary Karoline Leavitt and Katie Miller, who is married to White House deputy chief of staff Stephen Miller. The Vances announced Tuesday that they are expecting their fourth child in July. The couple share three children together: Ewan, Vivek and Mirabel. ‘Usha and the baby are...
FBI Director Kash Patel shared a picture of what he said was a ‘self-awarded’ trophy made by former FBI officials to celebrate Operation Arctic Frost, an investigation launched after the 2020 election targeting President Donald Trump and his allies. The bizarre metallic-colored, 3D-printed award featured ‘AF’ with a lightening bolt and dollar sign printed along its body and a raised map of the U.S. on its base, which also included miniature buildings and infrastructure. ‘CR-15’...
Former special counsel Jack Smith spent hours publicly defending the parameters of his investigation into President Donald Trump on Thursday in the face of sharp questions from Republicans on the House Judiciary Committee — including one lawmaker in particular who repeatedly accused Smith of ‘spying’ on certain lawmakers. During one of the most contentious portions of the hearing, Rep. Darrell Issa, R-Calif., pressed Smith over the so-called ‘tolling records’ Smith sought as part of the...
Former special counsel prosecutor Jack Smith vigorously defended the decisions he made in investigating President Donald Trump after his first term in office,telling members of the House Judiciary Committee on Thursday that his team of prosecutors had uncovered ‘proof beyond a reasonable doubt’ that Trump had engaged in criminal activity. ‘Our investigation developed proof beyond a reasonable doubt that President Trump engaged in criminal activity,’ Smith said. ‘If asked whether to prosecute a former president...
