Ferrari Luce EV sales have confounded the sceptics: the prancing horse’s first battery-electric car filled its entire 2026 annual quota in fewer than two months after launch, according to a report by the Financial Times. The backlash when Ferrari unveiled the Luce on 25 May 2026 was swift and, by now, rather embarrassing for those who led it. Critics compared the wedge-shaped five-seater to a Nissan Leaf. Others predicted Chinese rivals would undercut it on price while outperforming it on technology. Even Luca Cordero di Montezemolo, the former Ferrari chairman, joined the chorus of disapproval. Ferrari’s stock fell 8% the…
Author: Shawon Hannan
Shawon Hannan
Shawon Hannan is a business writer at Fortune Herald, covering corporate strategy, dealmaking, technology and the decisions that shape company performance. He writes business as narrative: the deal, the people involved, the strategy behind it and the consequences that follow. His interest is in how companies actually make money rather than how they describe making money in investor presentations. His coverage runs across earnings, mergers and acquisitions, leadership changes, fundraising and the corporate news that moves markets.
Polar AI browser funding of $5.7 million was announced on 29 July 2026, with Seattle venture firm Madrona leading the seed round for a browser built specifically around knowledge work rather than mass-consumer use cases. The company was founded by Kevin Jiang, Vishaal Ram, and Howard Zhong, a trio with roots at MIT, Perplexity, and leading quantitative funds, according to the Polar seed round press release. Jiang previously worked at Perplexity on Comet, the company’s own browser project, before departing to build Polar. His read on why the first generation of AI browsers failed is blunt. ‘If you think about…
Pangram AI detection startup has closed a $9 million funding round and simultaneously launched two new models, staking its future on the premise that the internet’s AI content problem is about to get considerably worse before it gets better. The round was led by Menlo Ventures, with participation from Haystack, ScOp, Script Capital, and Cadenza. It follows a $3.98 million seed round closed in June 2025, which itself comprised more than $2.7 million in new seed investment on top of a $1.25 million pre-seed, led by ScOp Venture Capital, according to a Business Wire announcement. That earlier round was partly…
The Cyera Oasis Security acquisition, announced on 29 July 2026, puts a roughly $1 billion price tag on the question of who controls what an AI agent is allowed to do. Cyera, the data security firm valued at $12 billion after its most recent fundraising round, signed a letter of intent to buy Oasis Security in a deal structured as mostly cash with the remainder paid in Cyera shares. The cash component is estimated at around $700 million, with the balance in Cyera equity, according to Calcalist. That figure has not been officially confirmed by either company. The Wall Street…
App Store new releases have surged well beyond what most observers expected: according to data from Appfigures, analysed by TechCrunch, new app launches across both the Apple App Store and Google Play were up 104% through April 2026 compared to the same period the prior year, and up 89% on iOS alone. Those figures build on an already fast start to the year. Worldwide new app releases were up 60% year-over-year across both stores as of Q1 2026, with iOS running even hotter at 80%. The driver, most analysts agree, is AI-assisted coding. Tools that let developers ship software in…
The PayPal Stripe takeover bid may not be dead, but PayPal’s chief executive made clear on Tuesday that the current price is not the right one. Speaking on the company’s second-quarter 2026 earnings call, CEO Enrique Lores declined to slam the door on a deal, but his language pointed unmistakably toward a higher number. ‘If we see levers or a path that we believe would create superior value for our shareholders than executing our current strategy, we would, of course, carefully consider them,’ Lores told investors. The statement followed a Reuters report that Stripe and private equity firm Advent International…
Gurhan Kiziloz won a first appeal in his effort to unfreeze a combined $527 million in Tether, corporate holdings, and other international assets tied to a Brazilian tax dispute. The ruling does not return the money at once. It challenges the scale and the legal basis of the freeze, and it opens a route for the assets, including roughly $213 million in USDT, to be released by October 2026. What happened in the room was narrower than a full victory and larger than a technicality. The court accepted that the freeze had been applied too broadly and sent it back…
Baidu Apollo Go’s London road testing marks the latest front in a fast-moving contest to put autonomous taxis on European streets, with the Chinese technology company and its partners Freenow by Lyft beginning vehicle trials in the borough of Brent on 28 July 2026. The fleet, operating with human safety operators for now, covers a mix of urban and suburban driving environments as the companies work towards a public launch they have pencilled in for 2027, subject to regulatory approval. The partnership behind the London trial was announced on 4 August 2025, when Baidu’s Co-founder, Chairman, and Chief Executive Robin…
Cursor India pricing took a concrete shape on Monday when the AI coding startup launched Cursor Start, a ₹649-a-month plan built exclusively for Indian developers and priced at roughly a third of the company’s standard $20-a-month Pro subscription. The move is the startup’s most deliberate bet yet on one of the world’s densest concentrations of software engineering talent, arriving weeks before its expected acquisition by SpaceX closes. India is already Cursor’s third-largest market globally, and the company says its user base there more than tripled over the past year. Simon Green, Cursor’s head of Asia-Pacific and Japan, described the decision…
