Business & Funding
Funding rounds, valuations, deals and the economics of the AI industry.
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Goldman Sachs conference highlights AI backlash, broadband competition, and Disney's free tier
At the Goldman Sachs Communacopia conference, industry leaders addressed growing public resistance to artificial intelligence and data center expansion. CoreWeave CEO Mike Intrator acknowledged that the industry has…
1 sourceCNBC Technology -
Google Invests €13bn in Finland Data Centers, Secures Nuclear Power
Google announced a €13 billion ($15 billion) investment in Finland to build three new data centres in Kajaani, Muhos and Vaala, and expand its existing site in Hamina. The deal includes a 22‑year contract with utility…
2 sourcesBBC TechnologyCNBC Technology -
Silver Lake to merge French software firms Cegid and Silae in $11.6B AI-focused deal
Private equity firm Silver Lake announced plans to merge its two French software holdings, Cegid and Silae, in a transaction valued at more than €10 billion (about $11.6 billion). The combined business will bring…
1 sourceCNBC Technology -
Amazon Partners with OpenAI for ChatGPT Ads
Amazon has partnered with OpenAI to allow its advertisers to run ads in ChatGPT, starting with select U.S. brands. This move reflects Amazon's confidence in OpenAI's growing ad business, which is now generating a $1…
1 sourceCNBC Technology -
Companies Tie AI Proficiency to Promotions, Bonuses and Firing
Companies across the globe are increasingly using AI usage metrics as a key factor in performance reviews, promotions, and even layoffs. The trend, highlighted by firms such as Accenture, Disney, Meta, JP Morgan, KPMG,…
1 sourceBBC Technology -
Humans Need to 'Surf the Wave' of AI, Chesky Says
Airbnb CEO Brian Chesky addressed the AI landscape at the Goldman Sachs Communacopia + Technology Conference. He emphasized that AI is a tool in human hands and not inherently good or bad. Chesky suggested that the…
1 sourceCNBC Technology -
Oracle Shares Surge on AI Cloud Demand
Oracle's shares surged in premarket trading after reporting a 30% revenue growth in its fiscal first quarter. The company's strong demand for its cloud services and rapid data center expansion were key factors. Cloud…
2 sourcesCNBC Technology -
Unitree Robotics Shares Drop 53% from IPO High, Valuation Falls $66B to $30B
Unitree Robotics shares fell 53% from their IPO high, trading at 513.93 yuan ($72.10) and cutting the company’s market cap from roughly $66 B to about $30 B. The Shanghai‑listed robot maker opened its first day at 845…
1 sourceThe Robot Report -
Microsoft launches AI-powered tool to migrate Salesforce data to Dynamics 365
Microsoft announced a public‑preview service called Dynamics 365 Activate, an AI‑driven converter that helps partners and customers move existing Salesforce CRM implementations onto Microsoft’s Dynamics 365 SaaS…
1 sourceThe Register AI/ML -
Oracle says AI will accelerate SaaS deployments, not replace applications
Oracle’s co‑CEO Mike Sicilia told investors on the Q1 FY 2027 earnings call that artificial intelligence will act as an accelerator for the company’s packaged applications, not a substitute. He said AI agents can…
1 sourceThe Register AI/ML -
Arm CEO: AI Will Cure Cancer in Our Lifetimes
Arm Holdings' CEO, Rene Haas, predicts AI will find a cancer cure within our lifetimes. While current AI models struggle with complex DNA marker analysis, Haas believes computers will solve this problem in the future.…
1 sourceThe Guardian AI -
UK GDP rises 0.4% in July, AI‑driven services boost growth
The Office for National Statistics reported that Britain’s economy expanded by 0.4% in July, outpacing economists who had expected flat growth. The increase matched June’s pace and was led by a 0.4% rise in the…
1 sourceThe Guardian AI -
Mistral Raises €3B for Sovereign AI
Mistral AI, a European technology company, has raised €3 billion in a Series D funding round, marking the largest equity fundraising round for a European tech company. The round was led by Samsung Electronics and…
1 source primary source HN 844Mistral AI -
Listen Labs scraps $1.5B round amid reported $2B Salesforce acquisition talks
AI market research startup Listen Labs has abandoned a signed $125 million Series C term sheet at a $1.5 billion valuation, a rare move in venture capital. The decision appears linked to ongoing acquisition discussions…
1 sourceTechCrunch AI -
Pocket FM Doubles Revenue to $500M with AI-Powered Audio
Pocket FM, an Indian audio storytelling platform, has doubled its annual revenue to $500 million over the past year by leveraging AI for 93% of its content. Co-founder Rohan Nayak attributes this to AI making content…
1 sourceTechCrunch AI -
Nvidia's 70% Revenue Growth Outlook Explained by Jensen Huang
Nvidia's CEO, Jensen Huang, at the Goldman Sachs Communacopia + Technology conference explained why his company’s AI dominance and revenues will continue to grow at an astounding 70% next year. Huang highlighted the…
1 sourceTechCrunch AI -
OpenAI Partners with GSA to Expand AI Access for Public Sector
OpenAI and the U.S. General Services Administration (GSA) have announced a multi-year agreement providing free access and 50% off usage for federal, state, local, and tribal governments. This agreement aims to provide…
1 source primary sourceOpenAI
