The-Source Code

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The Source Code is a digital publication for businesses and enterprises that want reality over rhetoric. If you’re responsible for growth, strategy, transformation, or large teams — and you’re tired of buzzwords and founder fairy tales — this is built for you. We cover how the latest technology is actually used inside organisations, how enterprises grow (and stall), how markets and business models evolve, and how go-to-market, incentives, and culture shape performance. Expect sharp analysis, usable frameworks, and candid interviews with leaders who’ve had to defend decisions in a boardroom, not just on social media. We pay close attention to the human system: power, incentives, and psychology at work. Our voice is calm and defined; we define terms, show our working, and label hypotheses as hypotheses. If you’re trying to steer a business, shift a trajectory, or pressure-test a strategy — and you’d like less theatre and more signal — you’re in the right place. Source

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Inception42 and Microsoft take agentic AI out of pilots and into live government operations

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By Sindhu Kashyap
| The-Source Code
G42, through its sovereign agentic AI company Inception42, and Microsoft have announced a collaboration intended to accelerate the shift from scattered, experimental AI deployments towards a single governed agent ecosystem that spans an entire organisation.
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Facebook Co-Founder Eduardo Saverin's B Capital Raises $500M to Back AI in Robotics, Defence and Orbit

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By Sindhu Kashyap
| The-Source Code
B Capital, the global multi-stage investment firm co-founded by Facebook co-founder Eduardo Saverin, has announced the final close of B Capital Ascent Fund III at its hard cap of $500 million in aggregate commitments. The fund was oversubscribed and drew capital from both existing and new limited partners, according to the firm, and represents close to double the $254 million raised for its predecessor, Ascent Fund II, which closed in July 2022.
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Backbase acquires Kasisto to embed agentic AI at the core of its Banking OS

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By Sindhu Kashyap
| The-Source Code
Backbase has acquired Kasisto, a specialist in agentic AI for banking and financial services, folding the company's agentic platform, financial services intelligence, and New York-based team into its AI-native Banking OS. The combined Agentic Banking suite is available immediately through the Banking OS to all current and future customers, according to Backbase. The acquisition addresses a problem that has held back agentic AI adoption across the sector.
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Endava's engineering-led entry into the Wiz Partner Alliance signals a shift in how cloud security gets delivered

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By Sindhu Kashyap
| The-Source Code
Endava has joined the Wiz Partner Alliance, the global partner community built around Wiz's cloud and AI security platform, which is now part of Google Cloud. The group was already a Google Cloud Premier Partner and a Google Security Partner, and this third credential places it among only a handful of companies worldwide holding all three at once.
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SandboxAQ Brings Physics-Grounded Scientific Models to Google Cloud Marketplace in Bid to Reshape Enterprise Research

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By Sindhu Kashyap
| The-Source Code
SandboxAQ will make its Large Quantitative Models available through Google Cloud Marketplace, opening rigorous, physics-grounded scientific models to researchers directly from the AI tools they already work in and removing the specialised code and infrastructure that have long stood between scientific teams and computational modelling at scale.
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The Democratisation Myth: How Tokenised IPO Access Built a New Investor Class System

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By Sindhu Kashyap
| The-Source Code
When SpaceX went public in 2026, retail demand for tokenised exposure outpaced almost every prior test of the model. According to Gizmodo's reporting, which cited CoinDesk, xStocks and its partners gathered more than $1 billion in customer orders tied to SpaceX access, and, citing The Defiant, Binance's SPCXx campaign alone attracted $557 million in on-chain subscriptions before being unwound with no allocation distributed. Gate had already previewed the appetite months earlier.
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The Great Unbundling of the Hyperscalers

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By Sindhu Kashyap
| The-Source Code
Sovereignty has turned a financial argument into a national one What distinguishes the Gulf version of this story from its European or American counterparts is the degree to which the commercial case has fused with a national one. Al Khonaizi was direct on this point. “In Saudi Arabia, this is amplified by national priorities around digital sovereignty under Vision 2030, leading to a stronger preference for owned and controlled infrastructure,” he said.
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GCC & London based 1001 raises $30M Series A funding

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By Sindhu Kashyap
| The-Source Code
1001, the company building sovereign AI for critical infrastructure, has raised $30 million in Series A funding led by Lux Capital. The round also saw participation by Sanabil Investments, 9Yards, and Hanabi. The GCC and London-based firm has been backed by the likes of General Catalyst, CIV, and Stanford Researcher Chris Ré. 1001 builds sovereign AI operating systems for the institutions that move the physical world, across the full range of critical infrastructure.
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An autonomous workforce arrived before anyone agreed to hire it

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By Sindhu Kashyap
| The-Source Code
When tools feel slow, employees go and find their own The ungoverned layer is not an accident of policy so much as a predictable response to friction. When sanctioned tools feel restrictive or slow, workers route around them. More than a third of employees globally reported that they commonly source their own agentic AI tools where official options are unavailable or limiting, building a private supply chain of unvetted software that no security team approved or can monitor.
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The Ransom Reckoning: Why Paying Was Never a Recovery Strategy

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By Sindhu Kashyap
| The-Source Code
Where bans are in force, the expected relief has not materialised The jurisdictions that have already removed payment as a legal option offer the closest thing to a controlled experiment, and the early signal from inside them is not reassurance. “What we hear most consistently from customers in those jurisdictions is not relief. It’s a sharper version of the anxiety they already had,” ElOuazzani said. “The ban removes one option from the table, but it doesn’t remove the attacker.
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