GoKawiil
Tech News
Revolut has migrated roughly 2,000 engineers to a self-hosted GLM model for coding, running it on 56 Nvidia B200 GPUs, according to David Abitbol, who leads AI operations at the company. Claude Code and Codex, previously the default tools from Anthropic and OpenAI, have been moved to an exception list, with Abitbol citing a blended cost of about 30 cents per million tokens, roughly a tenth of prior spend.
Revolut customers reported being unable to access the banking app on the morning of the outage. The company acknowledged the issue, said it had been working since it was identified to resolve it, and apologised to affected users for the inconvenience.
Revolut confirmed a service disruption affecting multiple parts of its app on Tuesday morning, including card payments, transfers, ATM withdrawals and customer support. Downdetector logged over 1,500 user reports shortly after 08:00 BST, with Revolut saying customers' money and data remain safe while it works to fix the issue. Lloyds Bank and Bank of Scotland also reported some online service issues around the same time.
Revolut experienced a widespread service disruption starting Tuesday morning, affecting sign-ins, card payments, transfers, currency exchange, and live support for its app. The company said customer funds and data remain safe while it works to fix the issue, which reportedly stems from a power-related failure at a Google Cloud data center in London.
A federal antitrust lawsuit this week alleges McDonald's uses an AI-powered 'pricing engine' to set menu prices and overcharge customers, a claim the company denies. Meanwhile, retailers including Kroger, Amazon Fresh, Walmart, Whole Foods, Tesco, Morrisons and Asda are adopting AI tools such as electronic shelf labels and markdown apps like FlashFood, and Revolut has trialed facial recognition checkout in coffee shops.
Revolut has launched a UK pilot called Pay with Smile, letting customers pay by facial scan instead of a card or phone, starting at three Kiss the Hippo coffee shops in London. The system runs on Revolut's new Register point-of-sale hardware, matches shoppers against selfies taken at sign-up, and charges merchants no processing fees during the trial, which runs until September 26th.
Revolut, valued as Europe's most valuable startup, disclosed customer information to an individual who fraudulently claimed to represent a government agency. Hundreds of accounts were affected by the breach, which stemmed from the bank's own verification failure rather than a hack of its systems.
Revolut disclosed that it inadvertently sent personal and financial data of some customers to a threat actor who impersonated a government agency using an authenticated domain. The leaked data reportedly includes identity documents, selfies, account statements, IBAN numbers, and transaction histories, including Bitcoin transactions. Revolut says the breach affects a limited but undisclosed number of accounts and that customer funds remain unaffected.
Revolut confirmed it handed over sensitive customer information after receiving fraudulent data requests sent from what appeared to be a legitimate government agency email domain. The exposed data reportedly included names, birth dates, addresses, phone numbers, ID documents, and possibly verification selfies and transaction histories. The company says only a limited number of customers were affected and that it has since blocked the fraudulent email address and alerted authorities.