Klarna revives IPO plans, aims to raise $1.27B

Swedish buy now, pay later (BNPL) startup Klarna and its shareholders are reviving its initial public offering, hoping to raise as much as $1.27 billion in a listing that would value the company at up to $14 billion. The company and some of its shareholders are together selling approximately 34.3 million shares between $35 and…

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Instagram tests Picture-in-Picture viewing for reels

Instagram is testing a new Picture-in-Picture feature for watching reels, the company confirmed to TechCrunch on Tuesday. The feature allows users to watch reels in a small, floating window on their screen while browsing other apps to allow for multitasking. The feature was first spotted by app researcher Radu Oncescu. Users who are part of…

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ICE reactivates contract with spyware maker Paragon

U.S. Immigration and Customs Enforcement (ICE) signed a contract last year with Israeli spyware maker Paragon worth $2 million.  Shortly after, the Biden administration put the contract under review, issuing a “stop work order,” to determine whether the contract complied with an executive order on commercial spyware, which restricts U.S. government agencies from using spyware…

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WordPress shows off Telex, its experimental AI development tool

Web publishing platform WordPress is introducing an early version of an AI development tool, which WordPress co-founder and Automattic CEO Matt Mullenweg described as a “V0 or Lovable, but specifically for WordPress” — V0 and Lovable being references to popular “vibe coding” services for building software using prompt-based, AI interfaces. Mullenweg introduced the new WordPress…

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Anthropic raises $13B Series F at $183B valuation

AI firm Anthropic has raised a $13 billion Series F round that brings its post-money valuation up to $183 billion — funds the company says will be used to grow its enterprise adoption, deepen safety research, and support international expansion.  Iconiq co-led the round with Fidelity Management & Research Company and Lightspeed Venture Partners, according…

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