The Flipkart Minutes quick-commerce network has reached 1,000 micro-fulfilment centres in less than two years, the Walmart-backed e-commerce giant announced on Wednesday, setting out plans to extend that figure to 1,500 by the end of 2026 as India’s fast-delivery sector shifts from a grocery shortcut into a broader shopping platform. The milestone arrives into a market already crowded with well-funded rivals. Blinkit, owned by food-delivery group Eternal, scaled from roughly 383 dark stores in mid-2023 to 2,243 by the fourth quarter of FY26, according to Markhub24, and achieved adjusted EBITDA positivity at the unit level in March 2024. On gross…
Author: Funke Adeyemi
Funke Adeyemi
Funke Adeyemi spent a decade in corporate banking and fintech before moving to business journalism. She started in trade finance at a major UK bank, moved to a payments company scaling into African markets, and spent her last role leading partnerships at a cross-border remittance platform. She writes about business strategy, fintech, digital banking, and the corporate news that moves markets. She is interested in how companies actually make money rather than how they describe making money in investor presentations. Funke lives in South London. She reads earnings calls the way other people listen to podcasts, and finds them about as reliable.
Anthropic’s Claude Tag Slack integration, launched on Monday in research preview, does something its predecessors did not: it stays in the room. Rather than responding to individual queries and forgetting them, Claude Tag builds persistent memory across a channel, learns the team’s work over time, and can act of its own accord without waiting to be asked. The Claude Tag Slack Integration and What Sets It Apart Users on Claude Enterprise and Claude Team plans could already direct-message @Claude within Slack or tag it in a channel for on-demand help. Claude Code in Slack handled the narrower job of routing…
The LastPass Klue data breach has exposed customers’ names, phone numbers, email addresses, physical addresses, and customer support case records, the password manager maker disclosed, after hackers exploited a supply-chain vulnerability at market intelligence firm Klue to reach deep into its go-to-market systems. LastPass said the breach did not touch its own infrastructure. Customers’ password vaults remain intact. But the company confirmed that Klue, described in its disclosure as a third-party market intelligence platform used by its go-to-market teams, integrates directly with its Salesforce and Gong systems, and it was through those integrations that attackers obtained the data. How Stolen…
Tech layoffs citing AI reached their highest monthly level in years during May 2026, even as the companies announcing those cuts posted record revenues and expanding backlogs. The most recent number to land came from Oracle, which disclosed in a June 22 annual regulatory filing that it had reduced its workforce by 21,000 employees over the past 12 months, a decline of 13%. The company stated plainly: ‘The adoption and deployment of AI technologies across our operations have resulted, and may continue to result, in reductions to our workforce.’ Tech Layoffs Citing AI: The Numbers Behind the Trend The scale…
Mach Industries’ Series C raised a question that $300 million and a $1.8 billion valuation can obscure but not quite answer: can a three-year-old defence startup running six simultaneous weapons programmes actually deliver on all of them? The Huntington Beach, California company, founded in 2023, closed the round earlier this month, with Infinite Capital and Ribbit Capital leading and Bedrock Capital, Sequoia Capital, and Khosla Ventures participating, according to TechCrunch’s Series C report. The company has now raised roughly $485 million in total. That figure includes a $100 million Series B closed in June 2025 at a $470 million valuation,…
The Anthropic export control order landed on a Friday evening: at 5:21 p.m. ET on 12 June 2026, the Commerce Department’s Bureau of Industry and Security, under the signature of Commerce Secretary Howard Lutnick, directed Anthropic to suspend all access to its two most advanced models, Fable 5 and Mythos 5, for any foreign national anywhere in the world, including Anthropic’s own foreign-national staff. Anthropic’s response was blunt: without a way to verify every user’s nationality in real time, the only workable option was to pull both models entirely. When Amazon Made the Call That Started It All The chain…
Meredith Whittaker’s position on AI chatbots is unambiguous: they are tools, not confidants, and treating them as anything else carries real privacy costs. The Signal president made that argument in a Bloomberg interview published on 19 June 2026, conducted by Mishal Husain, in which she set out her objections to how the technology industry frames its AI products. ‘These are not your friends. These are not conscious beings. These are not sentient interlocutors,’ Whittaker said, responding to a question about the privacy implications of chatbots such as ChatGPT and Claude. Why Meredith Whittaker Distrusts AI Chatbots for Real Thinking Whittaker…
The iOS 27 new features announced at Apple’s WWDC this month extend well beyond the Siri and Apple Intelligence headlines, touching Maps, Wallet, Apple Pay, Music, Podcasts, iCloud, and Fitness+ in ways that will quietly reshape how millions of people use their iPhones every day. iOS 27 New Features: Apps and Services Overhauled Start with Apple Maps. The company has refreshed ‘Flyover,’ its immersive 3D city-view feature, with more detailed visuals and smoother navigation. A new ‘Local Lists’ function lets users browse trending recommendations for restaurants, attractions, and local spots directly inside Maps, a move that puts Apple in more…
Kyber, a Paris-based startup building real-time device control infrastructure for robots, drones, and remote systems, has raised $5 million in a seed round led by Lightspeed Venture Partners, with OVNI Capital and Kima Ventures participating alongside the lead, a round that amounts to approximately €4.3 million at current exchange rates. The company was founded by Jean-Baptiste Kempf, who built VLC, the ubiquitous open-source media player, before serving as CTO at cloud gaming startup Shadow. That biography is not incidental to what Kyber does. The Technology Behind Kyber’s Real-Time Device Control Kyber’s core product is an SDK that synchronises video, audio,…
Snowflake, MongoDB and Walmart are the Wall Street analyst picks drawing fresh conviction this week, as Bank of America, Tigress Financial and KeyBanc each reiterate buy ratings amid geopolitical uncertainty that has left many investors reluctant to commit. The common thread across all three: AI tailwinds meeting durable structural advantages. Snowflake: A Guidance Raise and a $6 Billion Cloud Commitment Bank of America analyst Koji Ikeda reiterated his buy rating on Snowflake (SNOW) and maintained a price target of $300, grouping the company among what he calls the “Fab Five” of infrastructure software, alongside Datadog, JFrog, MongoDB and Twilio. Snowflake’s…
