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Repeat founder Ryan Williams raises $10M seed for an AI startup for private credit managers
Ellis AI has emerged from stealth with $10 million in seed funding to build AI tools for private credit managers. Founded by Cadre co-creator Ryan Williams, the company aims to reduce the manual, fragmented operational work involved in handling documents, spreadsheets, accounting data and correspondence across private credit firms. The round includes First Round Capital,…
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PlayStation Expects Record Breaking Fiscal Year for PS5, Despite Economic Challenges
Sony has raised its operating-income forecast for PlayStation’s financial year ending 31 March 2027 to ¥660 billion, a level that would make it the most profitable year ever recorded by a gaming company. The prediction is notable because it comes amid wider concerns over console demand, rising PS5 prices and economic pressure on the games…
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‘It ain’t the same’: inside the bitter battle to free Ben & Jerry’s
Ben Cohen, co-founder of Ben & Jerry’s, is campaigning to separate the ice-cream brand from its corporate parent, the Magnum Ice Cream Company, arguing that its independence and social mission have been eroded. He says the company has been prevented from speaking publicly on Gaza and that corporate ownership is changing both the brand’s values…
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Daisy One Review: Comfy and Tactile Headphones
Daisy’s first headphones stand out for their elegant design, tactile physical controls and comfortable fit, but WIRED concludes that their audio performance does not match their premium appearance. At $349, they are cheaper than leading flagship models, yet weak noise cancelling and an even poorer transparency mode limit their appeal for listeners prioritising sound quality.…
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Sony has enough RAM to see the PS5 through the year including GTA 6’s launch
Sony says it has secured sufficient RAM supplies to maintain PlayStation 5 production for the rest of the year, including around the planned launch of Grand Theft Auto 6. This matters because the game is expected to drive exceptionally high demand for PS5 consoles, while wider pressures on memory supply could otherwise have affected availability.…
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BP to sell UK North Sea oil and gas operation
BP has put its UK North Sea oil and gas business up for sale, potentially ending more than 60 years of its production in the region. The company says the division could fare better under another owner as it concentrates investment on higher-value opportunities, while the decision has intensified political arguments over North Sea drilling…
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Sony is pushing forward with ditching discs, despite backlash
Sony says it will continue with plans to stop producing physical discs for new PlayStation games by January 2028, despite strong criticism from some fans. The company argues that the wider shift towards digital content makes the move necessary, but opponents warn it could weaken game ownership, resale options and long-term preservation. Sony’s finance chief,…
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Alan Cumming-Backed Block The Merger Submits Evidence To UK Culture Sec; Argues WarnerMount Will “Directly Impact UK Documentarians’ Ability To Tell Diverse Stories”
The Alan Cumming-backed Block the Merger coalition has submitted evidence to Culture Secretary Lisa Nandy urging the UK to block Paramount’s proposed $110 billion merger with Warner. The groups argue that the deal could reduce media plurality and restrict UK documentary-makers’ access to important news archives, affecting their ability to tell diverse stories. The coalition…
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Fremantle Hires Katie O’Connell Marsh As Global Scripted Chief
Fremantle has appointed Katie O’Connell Marsh as CEO of its newly created Global Scripted Hub, placing her in charge of creative, commercial and strategic direction across its drama and film labels. The appointment effectively fills the gap left by Christian Vesper, who departed as CEO of Global Drama and Film in January, and signals Fremantle’s…
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EA’s $55bn takeover expected to close on 4 August
Electronic Arts expects its $55 billion sale to Saudi Arabia, Silver Lake and Affinity Partners to complete on 4 August, taking the games publisher private. The company says it has received all necessary regulatory approvals, though customary closing conditions still need to be met; the deal has prompted concern over transparency, jobs and creative independence.…