Author: GT

Cairo-based Sylndr has raised $15.7 million as it expands beyond online used car sales into auto financing, servicing, and tools for dealers. Development Partners International’s Nclude Fund led the round. The company, which operates in Egypt’s fast-growing but under-digitized vehicle market, said the latest round includes both fresh equity and previously unannounced seed financing. Sylndr also raised nearly $10 million in debt financing from local banks in the past year, bringing its total raised since launch to over $30 million. Sylndr raised a $12.6 million pre-seed round in 2022, the largest of its kind in Africa.  Omar El Defrawy, former…

Monzo, Britain’s biggest digital bank, is still synonymous with its neon debit cards, extensive use of emojis, and free spending abroad. But it’s no longer just trying to be cool; it’s trying to become a major financial institution. That shift, from an upstart fintech beloved by millennials into a mature, sustainable business, is what makes this year a likely turning point. In a sit-down with this editor last week, despite signs that Monzo is preparing to go public – along with new reports that something is in the works – Monzo CEO TS Anil wouldn’t confirm that Monzo is listing…

AI’s thirst for energy is ballooning into a monster of a challenge. And it’s not just about the electricity bills. The environmental fallout is serious, stretching to guzzling precious water resources, creating mountains of electronic waste, and, yes, adding to those greenhouse gas emissions we’re all trying to cut.As AI models get ever more complex and weave themselves into yet more parts of our lives, a massive question mark hangs in the air: can we power this revolution without costing the Earth?The numbers don’t lie: AI’s energy demand is escalating fastThe sheer computing power needed for the smartest AI out…

Microsoft on Monday became one of the first hyperscalers to provide managed access to Grok, the AI model developed by billionaire Elon Musk’s AI startup, xAI. Available through Microsoft’s Azure AI Foundry platform, Grok — specifically Grok 3 and Grok 3 mini — will “have all the service-level agreements Azure customers expect from any Microsoft product,” says Microsoft. They’ll also be billed directly by Microsoft, as is the case with the other models hosted in Azure AI Foundry. When Musk announced Grok several years ago, he pitched the AI model as edgy, unfiltered, and anti-“woke” — in general, willing to answer…

At its Build 2025 conference, Microsoft open sourced a number of apps and tools, including a new command-line text editor for Windows called Edit. Open source software may not earn the company direct revenue, but it can serve as a form of market research — and a funnel to paid applications and services. By contributing to the open source community, Microsoft gains valuable knowledge and product suggestions, as well as ideas for future directions. Edit, which will be installed by default on Windows via the Windows Insider Program beginning this summer, will allow developers to edit files directly in the…

GitHub and Microsoft, GitHub’s corporate parent, are joining the steering committee for MCP, Anthropic’s standard for connecting AI models to the systems where data resides. The announcement, which was made at Microsoft’s Build 2025 conference on Monday, comes as MCP gains steam in the AI industry. Earlier this year, both OpenAI and Google said they would support MCP in their respective AI products. MCP lets models draw data from sources like business tools and software to complete tasks, as well as from content repositories and app development environments. The protocol enables developers to build two-way connections between data sources and…

The ocean is teeming with life. But unless you get up close, much of the marine world can easily remain unseen. That’s because water itself can act as an effective cloak: Light that shines through the ocean can bend, scatter, and quickly fade as it travels through the dense medium of water and reflects off the persistent haze of ocean particles. This makes it extremely challenging to capture the true color of objects in the ocean without imaging them at close range.Now a team from MIT and the Woods Hole Oceanographic Institution (WHOI) has developed an image-analysis tool that cuts…

Microsoft is launching new APIs for Edge, its web browser, to let developers incorporate AI functionality into web apps using models built into Edge. Unveiled at Build 2025, the AI APIs mirror some of the functionality in Google Chrome, which also offers “built-in AI” that developers can tap to power their web applications. Microsoft’s move suggests that it’s keen to offer a competitor — one that might sway devs to its side. Edge’s new APIs give websites and Edge browser extensions access to Phi 4 mini, an AI model that Microsoft released in late February. Around 3.8 billion parameters in size,…

As part of an effort to make building AI-powered chatbots on the web simpler, Microsoft is launching an open project called NLWeb. Announced at Build 2025, NLWeb lets websites provide a “conversational interface” — i.e. a text field and a submission button — for their users with a few lines of code, the AI model of their choice, and their own data. A retailer could use NLWeb to create a chatbot that helps users choose clothing for specific trips, for example, while a cooking site could use it to build a bot that suggests dishes to pair with a recipe.…

WASHINGTON (AP) — The Senate has voted to move forward with legislation to regulate a form of cryptocurrency called stablecoins, two weeks after Democrats blocked the measure.Monday’s 66-32 procedural vote keeps one of President Donald Trump’s top legislative priorities on track for passage and highlights the growing political strength of the cryptocurrency industry, which spent heavily in last year’s election and has amassed a large war chest for next year’s midterms. Several Democrats reversed and voted to move forward with the legislation after negotiations with Republicans in recent days.The fate of the legislation, which would regulate how stablecoin issuers operate…