UK’s Nu Quantum Startup Raises $60 Million in Series A Round

Stocks in Asia reacted positively to the Federal Reserve's recent interest rate cut, signaling optimism in the market. However, Oracle's disappointing earnings report has cast a shadow over the technology sector, highlighting the challenges faced by tech companies amid fluctuating economic conditions. Bloomberg's coverage from Tokyo and Singapore provides insights into these developments.

Google DeepMind has announced the opening of its first research lab in the UK focused on discovering new materials, particularly for applications in batteries and semiconductors. This initiative marks a significant step in the company's efforts to leverage artificial intelligence in scientific research.

SpaceX is reportedly targeting an initial public offering (IPO) in 2026, aiming to raise over $30 billion, which would set a record for the largest IPO in history. This announcement comes as the company prepares to sell insider shares that could value it at up to $800 billion, reflecting strong investor confidence in its future prospects.

Will Whitehorn, chair of Seraphim Space and former chairman of Virgin Galactic, stated that SpaceX's decision to go public will create significant changes within the space industry, particularly affecting its suppliers. This perspective was shared during an interview on Bloomberg Tech with Ed Ludlow.

SpaceX is reportedly advancing plans for an initial public offering (IPO) in 2026, aiming to raise significantly more than $30 billion, potentially marking one of the largest IPOs in history. This information was shared by Phil Haslett, co-founder of EquityZen, during an interview on Bloomberg Tech.

Australia has implemented a social media ban for individuals under the age of 16, effective December 10, 2025, aimed at enhancing online safety for minors. UK Culture Secretary Lisa Nandy stated that while the UK has no immediate plans to replicate this ban, it would consider it if the Australian initiative proves effective.

Mark Zuckerberg is taking a hands-on approach at Meta Platforms Inc., directing a shift towards a money-making artificial intelligence model. This pivot comes as the company reassesses its financial priorities amidst ongoing scrutiny of its metaverse investments.

Evoke Plc shares experienced a significant increase on Wednesday following the announcement that the UK-based betting and gambling company is considering the potential sale of its entire business.