AlphaSense, which sells AI-powered search and market research tools to banks and other businesses, has been working with advisers on a potential initial public offering in the coming months, according to people with direct knowledge of its plans. The plans follow recent fast growth at the 15-year-old company, which was valued at $7.5 billion after a funding round last month. It is currently generating over $700 million in annual recurring... Read more âș
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In 2020, 22-year-old Aakash Thumaty was a product manager at Salesforce when he wrote an essay, âValue Driven Innovation at Shopify and the Incumbency Trap at Salesforce,â which argued against Salesforceâs subscription-based business model. He sent it to Bret Taylor, who at the time was Salesforceâs chief operating officer. To Thumatyâs surprise, Taylor shared it with other executives at the company.Six years later, Thumaty and Taylorâs paths are crossing again.... Read more âș
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As Anthropic prepares to go public, it is considering a highly unusual move to require rank-and-file employees to sell stock through rigid trading schedules so they donât run afoul of insider trading laws, said a person familiar with the matter and a person briefed on it. At companies that have used such trading plans, typically only top executives and some finance and legal staff adopt them. The arrangements, called 10b5-1... Read more âș
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Wow. Google Cloudâs business exploded in the second quarter, with revenue soaring 82%, nearly 20 percentage points faster than for the previous quarter. Rapid demand for AI servicesâand in this quarter, the impact of AI chip salesâhas lifted Google Cloudâs growth rate by nearly 50 percentage points in the past four quarters. But while cloudâs red-hot growth lifted Googleâs parent Alphabet to a better than expected 24% top-line expansion in... Read more âș
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This week, Trump administration officials have taken to the airwaves and X to blast Chinese open source AI companies like Moonshot, accusing them of stealing intellectual property from the likes of Anthropic and other U.S. AI developers. The administrationâs concerns arenât just rhetoric, though. The Bureau of Industry and Security, an agency within the U.S. Department of Commerce, is formally investigating whether Chinese firms like Moonshot, which last week released... Read more âș
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IBM on Wednesday said it was reducing its full-year projection for revenue growth to between 4% and 5% this year compared to an earlier forecast of more than 5% growth. The lowered forecast came during the companyâs quarterly earnings report, which showed sluggish sales growth. The company first ... Read more âș
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Teslaâs revenue jumped 26% year over year in the second quarter, boosted by its vehicle deliveries and the companyâs energy business. Even as the company generated more cash from its day-to-day business, it spent heavily on new manufacturing capacity and AI projects, sending its free cash flow ... Read more âș
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Alphabetâs revenue grew 24% year-over-year to $119.8 billion in the second quarter, driven by especially strong growth in Googleâs cloud-computing unit. Google Cloudâs revenue grew 82% year-over-year to $24.8 billion, outpacing the previous quarterâs 63% year-over-year growth, the company ... Read more âș
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Enterprise software firm ServiceNowâs second quarter revenue growth accelerated a couple of percentage points to 24%, the company reported Wednesday, thanks in part to strong demand from the federal government that pulled some business into the second quarter from the third quarter. One result ... Read more âș
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Stripe is coming off a banner year thanks to booming growth in the AI sector, where the company processes payments for big AI labs and small developers alike. The payment giantâs revenue jumped by a third to $6.8 billion last year, according to a person familiar with its financial figures, marking its fastest revenue growth since 2021. Stripe is also practically printing cash, with free cash flow surging 52% to... Read more âș
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Amazon cut staff today from the division working on building its own large language models, according to a spokesperson. The spokesperson said that while AI models âremain one of the most important things weâre working on,âŠweâre sharpening our focus on the initiatives that matter most for ... Read more âș
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In the weeks since Robinhood opened its doors to AI agents, customers of the popular financial app have been using agents for everything from research to trading. Now, a key question for Robinhoodâs broader revenue opportunity is how much of an edge the technology can give investors.In late May, Robinhood started letting customers connect their own AI agents to its app through the Model Context Protocol, a standard that lets... Read more âș
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Cursor is preparing to release a model router as soon as Wednesday, according to a draft of a company announcement viewed by The Information. Cursorâs new product comes amid a flurry of enthusiasm for routers, which can select the best model for a particular task, balancing performance and cost. ... Read more âș
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Advanced Micro Devices said Wednesday it would make a $5 billion equity investment in Anthropic âin the future,â and the Claude AI maker would use AMDâs AI server chips starting next year. Anthropic has been steadily diversifying its AI server sources and is evaluating chips from other providers ... Read more âș
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Arcee, an American open-weigh AI provider, announced a partnership with the Department of Energy, in which the DOE will use Arceeâs AI models to advance scientific research. Arcee AI will help government researchers âautomate a lot of the more mundane, but tricky and nuanced workflows that they ... Read more âș
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Cloud and software incumbents want businesses to think twice before using Anthropic, OpenAI and other closed-source AI providers. Executives such as Palantir CEO Alex Karp have argued, for instance, that these AI firms could use their customersâ data to compete with them eventually. These potential fears could also help new AI startups catering to businesses.One such startup is Noeri, a new AI lab founded by two Stanford computer science professors... Read more âș
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Enterprise software firm Monday.com said Wednesday it plans to cut 20% of its workforce in the second half of ths year to âsupport a leaner, more focused operational modelâ as it continues to invest in AI. The planned job cuts, which would affect around 600 people, is the latest in a series of ... Read more âș
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Longtime Fidelity Managementâs semiconductor fund manager Adam Benjamin is joining Michael Dellâs family office DFO Management, according to people familiar with his move. At Fidelity, Benjamin managed the $55 billion Fidelity Select Semiconductors mutual fund and also helped manage several ... Read more âș
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Elon Muskâs AI company, SpaceXAI, is laying the groundwork for at least one new large-scale data center in Texas, three people with knowledge of the effort said. Such a move could substantially expand SpaceXâs AI computing capacity outside its existing data center hub in Memphis, Tenn. An expansion could position SpaceXAI to be a major cloud provider, as its existing AI business has struggled to gain traction and the company... Read more âș
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The U.S. and China are set to hold talks over AI in September, as the tech rivalry between the two nations escalates, Reuters reported, citing people familiar with the matter. It would be the Trump administrationâs first official AI-focused talks with Beijing. The exact dates havenât been ... Read more âș
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27.07.2026 09:49
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