When business leaders are preparing for an important presentation, their teams sometimes need to shut down their other work for days or even weeks to clear time for the prep work: multiple meetings to bat around ideas, long email threads to pin down the overarching narrative, and a constant stream of notifications as various stakeholders mark up the draft slides. Many organizations are willing to dedicate lots of people to... Read more ›
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Microsoft has opened a new front in the AI data wars, blocking partners from connecting their data management tools to a popular product as it tries to defend its business software strength in the era of AI agents. The friction centers on Power BI, a Microsoft product nearly all Fortune 500 firms use to analyze data about their operations in charts and other visual formats. Databricks, a longtime Microsoft partner... Read more ›
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Meta Platforms has quietly launched a new app called Forum, part of a new push by the Facebook owner to launch a lot of new apps. The app lets users select topics they’re interested in and customize their feed by choosing which topics they want to see more or less of, according to its Apple App ... Read more ›
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Chinese battery giant Contemporary Amperex Technology, better known as CATL, is planning to invest in Chinese AI developer DeepSeek’s fundraising, according to two people with direct knowledge of the matter. CATL’s planned investment comes as it is aggressively stepping up its efforts to sell power equipment to AI data centers. DeepSeek’s first-ever funding round, which aims to raise about 50 billion yuan ($7.35 billion), could close as early as next... Read more ›
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Oura Health, which makes rings that track users’ health data, filed its initial public offering paperwork Thursday with the U.S. Securities and Exchange Commission, the company said. Oura has not yet determined the number of shares it’ll offer, nor the proposed offering’s price range. The ... Read more ›
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On Wednesday, right before SpaceX dropped its long-awaited S-1, the company led by Musk adversary Sam Altman had some IPO news of its own: OpenAI was planning to file its IPO prospectus within weeks. The news not only took some of the spotlight away from SpaceX’s upcoming public debut, but also that of Altman’s other rival, Anthropic. Now, it seems, there are a trio of trillion dollar IPOs in the... Read more ›
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If SpaceX pulls off what is widely described in the news media as the “largest IPO in history” next month, it will be a testament to Elon Musk’s skills as a salesman. The company’s newly public IPO prospectus makes it plain that SpaceX is largely a telecom firm with a rocket launch business on the side, with future growth coming from a cloud computing arm. Valued in line with its... Read more ›
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SpaceX postponed its closely watched first Starship test launch of 2026 after encountering last-minute problems on the launch pad Thursday evening. In a post on X, CEO Elon Musk said the “hydraulic pin holding the tower arm in place did not retract” and said SpaceX would launch the rocket ... Read more ›
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Workday shares climbed more than 10% in after-hours trading on Thursday after the HR application maker said the number of customers using its AI agents in the three months ended April 30 roughly doubled from the previous quarter to more than 4,000. Gerrit Kazmaier, the company’s president of ... Read more ›
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OpenAI CEO Sam Altman suggested Wednesday that even if the company makes a filing for a public offering, it may hold off on the actual listing. In a company-wide meeting, he noted that filing for an initial public offering was different than being ready to go public and said the company wouldn’t ... Read more ›
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Blockchain.com said it has filed confidential paperwork with the Securities and Exchange Commission for an initial public offering. Founded in 2011 and headquartered in London, Blockchain.com serves as a crypto brokerage, meaning it executes trades for customers by using crypto from other ... Read more ›
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Businesses used to feel locked in to their enterprise software providers, but some now say they can cut and run if they need to.Companies such as insurer National Life Group, for instance, have negotiated “opt out” provisions that let them exit their software contracts or reduce their subscriptions, even in the middle of a contract term, if the vendors don’t introduce AI features at the pace or capability they’ve promised,... Read more ›
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OpenAI generated about $5.7 billion in revenue in the first quarter, nearly $1 billion more than archrival Anthropic generated in the same period, according to two people with knowledge of the financials. OpenAI’s coding agent Codex, along with growth from selling to businesses and testing ads on ChatGPT, helped drive first-quarter growth, according to one of the people. Since then, however, Anthropic appeared to leapfrog the ChatGPT maker and Anthropic’s... Read more ›
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Peter Levine, an Andreessen Horowitz general partner who stepped back from his role as an active investor six years ago after receiving treatment for a rare form of cancer, has made a full recovery and is returning to full-time work, according to a spokesperson for the venture capital giant. ... Read more ›
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A long anticipated executive order on AI and cybersecurity from President Donald Trump will take a bit longer. The White House has postponed a Thursday afternoon ceremony to sign the order, which is expected to establish a voluntary framework for AI companies to submit future advanced AI models ... Read more ›
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Microsoft's GitHub unit has been on the defensive lately. Amid a series of outages and other snags, Jay Parikh, who oversees the software-project management platform, recently warned deputies that coding tools from Cursor and Anthropic could eventually make GitHub obsolete, my colleague Aaron wrote this week.Parikh was right to be worried. According to someone with knowledge of the effort, Cursor is working on software aimed at replacing some of the... Read more ›
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Anthropic is in talks to rent servers powered by Microsoft-designed AI server chips as it seeks more computing power to meet rising demand for its AI, according to two people who spoke to executives involved in the discussion. Winning Anthropic as a customer would be a coup for Microsoft, whose in-house chip design effort ran into delays last year. Microsoft wants to follow in the footsteps of cloud rivals Google... Read more ›
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Anthropic expects to generate $559 million in operating profit at the end of the June quarter, becoming profitable on an operating basis for the first time, according to a person with knowledge of the financials. A spike in revenue will drive the profit swing, which will take place about two ... Read more ›
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Nvidia, wow. The AI chip giant did it again, delivering better than projected 85% revenue growth for its April quarter, the first in its 2027 fiscal year. Even better, Nvidia forecast 95% growth for the second quarter. Its fiscal 2027 is shaping up to be a firecracker, with sharply faster growth than last year’s still-stellar 66% rate of expansion. Nvidia is also printing cash: Free cash flow in the quarter... Read more ›
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SpaceX showed a deteriorating financial profile in the first quarter after it absorbed xAI and prepared to go public. The company lost $4.3 billion in the quarter that ended in March, while generating $4.7 billion in revenue. Its revenue growth slowed to about 15% in the quarter, compared ... Read more ›
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12.06.2026 06:13
Last update: 06:06 EDT.
News rating updated: 13:10.
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