Funding Trends and App Updates

OpenAI backtracks in a major way, saying its nonprofit entity will remain in control of business operations. Huge consolidation happening all at once in the food delivery space. New Surface hardware from Microsoft. Huge investment in European defense tech startups. And Shein and Temu turn to Europe to stay afloat.

Sponsors:

• LinkedIn.com/ride

Links:

• OpenAI reverses course, says its nonprofit will remain in control of its business operations (TechCrunch)
• OpenAI Reaches Agreement to Buy Startup Windsurf for $3 Billion (Bloomberg)
• DoorDash strikes £2.9bn deal for Deliveroo (FT)
• Microsoft shrinks its Surface Laptop down to 13 inches, priced at $899 (The Verge)
• Microsoft’s smaller Surface Pro has a 12-inch display and starts at $799 (The Verge)
• Capital flies into Europe’s defence drone start-ups (FT)
• Exclusive: Shein, Temu ramp up advertising in UK and France as US tariffs hit (Reuters)

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