• Perplexity AI announced a Series D funding round of $500 million at an $8.5 billion post-money valuation on April 19, led by prominent venture capital firms and strategic investors including Nvidia and Saudi PIF.
• The funding will support expansion of Perplexity's AI search engine capabilities, development of enterprise API offerings, and geographic expansion into European and Asian markets with localized language models.
• The round positions Perplexity as a serious challenger to Google Search and reflects growing investor confidence in AI-powered search alternatives and conversational information retrieval platforms.
• Anthropic released Claude API with native fine-tuning capabilities on April 19, allowing enterprises to customize the model on proprietary datasets without requiring base model retraining.
• The fine-tuning service supports context windows up to 200,000 tokens and is priced at $8 per million input tokens and $24 per million output tokens, competitive with OpenAI's pricing structure.
• This release directly challenges OpenAI's GPT-5 announcement and positions Anthropic as an alternative for organizations seeking customizable AI solutions with enhanced safety guardrails.
FTSE 100 slides and UK gas prices up amid fears strait of Hormuz will be closed for extended periodBusiness live – latest updatesOil prices rose sharply and European stock markets fell on Monday, after the US seizure of an Iranian vessel hit hopes for a peace deal.Brent crude, the international benchmark for oil prices, rose by as much as 5% on Monday to $95.50 (£70.75) a barrel. Continue reading...
• OpenAI unveiled GPT-5 on April 19, featuring advanced multimodal reasoning that processes text, images, and audio simultaneously with a 40% performance improvement over GPT-4, according to the company's research blog.
• The model demonstrates enhanced chain-of-thought reasoning and can solve complex multi-step problems across domains including mathematics, coding, and scientific analysis with significantly higher accuracy rates.
• Industry analysts project GPT-5 will accelerate enterprise AI adoption and intensify competition with Anthropic's Claude and Google's Gemini in the large language model market.
• SpaceX's Starlink division announced commercial availability of direct-to-cell satellite service to US carriers including T-Mobile, Verizon, and AT&T beginning May 1, 2026, expanding beyond its existing emergency SOS functionality.
• The service enables SMS and data connectivity in rural and remote areas where terrestrial networks are unavailable, with initial pricing set at $5 per month for basic coverage and $15 monthly for premium data tiers.
• Industry observers note this development challenges traditional carrier infrastructure investments and could accelerate satellite communications adoption, though regulatory approval from the FCC is still pending final confirmation.
• Microsoft announced the acquisition of Cerberus AI, a Boston-based cybersecurity startup, for $2.1 billion on April 19 to enhance real-time threat detection across Azure cloud infrastructure.
• Cerberus AI's proprietary machine learning platform identified over 50,000 zero-day vulnerabilities in the past year and will integrate with Microsoft Defender to provide unified threat management across enterprise environments.
• The acquisition marks Microsoft's continued investment in AI-driven security as cloud-based attacks have increased 35% year-over-year, according to recent industry reports.
• Databricks announced a Series H funding round of $10 billion at a $43 billion valuation on April 18, led by existing investors including Andreessen Horowitz and Sequoia Capital, to accelerate development of its AI and data platform.
• The funding will support expansion of Databricks' lakehouse architecture, which integrates data warehousing and data lakes, and fund aggressive hiring in engineering and sales across North America.
• The round positions Databricks as one of the fastest-growing enterprise software companies and signals strong investor confidence in the competitive data infrastructure market dominated by Snowflake and others.
Boy, 17, and man, 19, detained as Met says it is investigating claims a series of antisemitic attacks are linked to IranTwo teenagers have been arrested over an arson attack at a synagogue in north-west London over the weekend, the Met police have said.Matt Jukes, the deputy commissioner of the Metropolitan police, said a 17-year-old boy and 19-year-old man had been detained, as he confirmed officers were investigating claims a series of antisemitic attacks in the UK were linked to Iranian-backed proxies. Continue reading...
Downing Street takes unusual step of releasing document ahead of PM’s Commons showdown over Mandelson scandalJudgment day for PM over Mandelson scandalGood morning. There are occasions when a prime minister wakes up knowing that how they perform in the Commons that day will decide whether or not they keep their job – but they are very, very rare. The best example in modern times is Margaret Thatcher on the day of the Westland debate, when she told staff she would still be in post that evening. Boris Johnson had multiple tricky encounters with MPs, but the most difficult – and the most important for his reputation- was the one before the privileges committee about claims that he lied about Partygate, and that came after he had resigned as PM. For James Callaghan, the confidence debate in 1979 was a terminal moment for his premiership, but that vote was not decided by what he said.There seems to be little chance that Keir Starmer may be finished off by what happens in the Commons today. Since the revelations in the Guardian last week about Peter Mandelson in effect failing security vetting for his appointment as ambassador to the US, despite Starmer repeatedly everyone that he was cleared, Labour MPs have not been calling his resignation. It seems unlikely that by 6pm tonight that will have changed. But many or most of them were already of the view that he is not the right person to lead them into the next general election, and the events of the past few days have firmed up that view.The Constitutional Reform and Governance Act 2010 (CRAG) does not prevent civil servants from informing ministers of UK Security Vetting recommendations. What CRAG says is that civil servants make decisions on vetting and clearance. But no law stops civil servants sensibly flagging UK security vetting recommendations, while rightly protecting detailed sensitive vetting information, to allow ministers to make judgments on appointments or on explaining matters to parliament. Continue reading...
Wilson denies allegations made by Charlotte MacInnes, who she claims told her about uncomfortable situation with producerFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastRebel Wilson has been accused in court of hiring a private investigator and having false information published online in order to paint another actor as a “money grabbing opportunist” who withdrew a sexual harassment allegation for financial gain.But lawyers for Wilson insist that the harassment complaint was only withdrawn when Charlotte MacInnes – the star of her film, The Deb – decided to support the woman who had allegedly harassed her. Continue reading...
Reviews website features pages praising unlicensed sites’ supposed qualities as if they were legitimate businessesTrustpilot, the reviews website that offers to “find a company you can trust”, is hosting ratings of illegal casinos, raising concerns in Westminster about the potential risks posed to consumers.Unlicensed casino operators linked to financial harm, addiction and even suicide have flooded the UK market in recent years, often targeting people who are trying to limit their gambling by “self-excluding” from licensed operators. Continue reading...
Douglas Alexander says lessons need to be learned but he expects Keir Starmer will continue as PMIt was a mistake to announce Peter Mandelson as the UK’s ambassador to the US before he was security vetted for the role, one of Keir Starmer’s senior ministers has said before the prime minister’s statement to MPs about the scandal.With Starmer aiming to explain to the Commons on Monday afternoon why he did not know the Foreign Office had overruled a decision to refuse Mandelson vetting, some senior government figures believe the coming week could decide whether or not he remains in No 10. Continue reading...
• Global financial markets experienced significant volatility during April 12-18, 2026, driven by geopolitical tensions impacting commodity prices.
• Oil prices surged higher amid international tensions, affecting energy stocks and broader market sentiment across equities and bonds.
• India's retail investor base continues reshaping capital markets, contributing to shifts in the financial landscape alongside global macroeconomic pressures.
• ICICI Bank reported Q4 FY26 net profit of ₹12,949 Cr, surpassing street estimates and bringing annual profit to ₹50,000 Cr milestone.
• The bank declared a ₹12 dividend per share, signaling confidence in its financial performance and shareholder returns.
• Strong Q4 results reflect robust performance in India's banking sector amid evolving market conditions.
• Netflix reported earnings that missed analyst estimates, yet broader market indices maintained record highs as investor focus remained on Iran ceasefire developments and energy market normalization.
• The streaming giant's earnings disappointment was overshadowed by positive sentiment around geopolitical deescalation and reduced energy price pressures benefiting the wider market.
• Market participants are weighing mixed corporate earnings results against macro-level improvements in global risk sentiment and supply chain stability.
• Stocks surged following the reopening of the Strait of Hormuz amid a 10-day Israel-Lebanon ceasefire and President Donald Trump's blockade measures, signaling reduced energy supply constraints.
• The market reaction reflects investor optimism over improved shipping lanes and normalized energy flows, with financial commentators attributing the gains to Trump's diplomatic efforts.
• The reopening of this critical global shipping chokepoint addresses a major source of market volatility tied to Middle East tensions.
• S&P 500 futures rose 0.2% and the benchmark notched back-to-back record highs as growing speculation that a deal to end the US-Iran war is nearing prompts traders to take on more risk.
• The index is on course for a third week of gains exceeding 3%, with the S&P up nearly 8% month to date, marking a stunning reversal following mounting signs of US-Iran deescalation.
• The market rally reflects relief over potential resolution of the conflict that has roiled energy markets, with traders increasingly positioning for a ceasefire outcome.
• Oil prices dropped significantly, providing tailwinds for technology companies as lower energy costs reduce operational expenses and improve profit margins across the sector.
• Constellation Research founder R 'Ray' Wang discussed the direct relationship between Big Tech performance and oil and gas pricing, highlighting how the energy market collapse supports tech stock rebounds.
• The decline in energy costs removes a key headwind for capital-intensive tech operations and data centers, contributing to the broader market rally.