The debate over whether AI might replace traditional enterprise apps such as Salesforce, ServiceNow, SAP, and Workday often ignores a more likely near-term scenario: that AI will stop some customers increasing their spending on those apps.Brian Spanswick, chief information officer at data security firm Cohesity, which generates more than $2 billion in revenue a year, said a large chunk of the budget for his 400-person IT department goes towards subscriptions... Read more âș
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Meta Platforms is scaling back on its use of third-party vendors for content moderation in favor of artificial intelligence systems, the company announced Thursday. The parent company of Facebook, Instagram and Threads said it will roll out more AI systems to review content across its platforms ... Read more âș
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Anjney Midha, the former Andreessen Horowitz general partner and early personal investor in Anthropic, is finally ready to talk about his highly anticipated AI infrastructure venture, for which he was trying to raise more than $10 billion, my colleague Katie has reported.Midha says the new firm, AMP, is creating a âgrid for AI,â similar to how electricity access is managed by a central grid, that will reshape how AI developers... Read more âș
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Alibaba Group CEO Eddie Wu said Thursday that the Chinese tech giant aims to generate more than $100 billion in annual cloud computing and AI revenue within the next five years. In the 11 months through February, such revenue at Alibaba stood at about $14.5 billion. Alibaba is counting on AI ... Read more âș
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Startups developing data centers to power AI are among the most capital-hungry businesses around right now. Many are raising billions of dollars in equity and debt to build complicated facilities.There are few like Houston-based Giga Energy, however. Founded in 2019 by two Texas A&M juniors studying finance and industrial distribution, Giga has generated more than $270 million in revenue in its lifetime while being almost completely bootstrapped, according to CEO... Read more âș
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Uber said it would invest up to $1.25 billion in electric vehicle maker Rivian over the next five years, and it will buy thousands of Rivian robotaxis. The announcement adds Rivian to a range of self-driving partnerships Uber has announced. Rivian stock was trading up 7% in pre-market ... Read more âș
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A couple of years ago, design software firm Canva was one of the hot startups to watch, on everyoneâs list of IPO candidates. But it sat out last yearâs IPO class and now finds itself in an awkward spot. Not only is software out of favor with investors, who fret about how AI will disrupt it, but giant offerings coming from SpaceX, OpenAI and Anthropic will overshadow the IPO market... Read more âș
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Fal, a fast-growing cloud service for accessing and storing AI models that generate images, video, and audio, is in talks to raise $300 million to $350 million, according to a person with direct knowledge of the fundraise. The deal, which would nearly double the companyâs paper valuation to around $8 billion from a financing three months ago, shows intense demand from investors for startups that can run AI models quickly... Read more âș
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It may be time for Apple to update the rules for its App Store. As we reported in this story today, app developers making apps that allow vibe codingâAI tools that let people without coding experience create apps easilyâhave run into delays getting their apps approved. Slowing down that process isnât a good look for Apple, which has faced plenty of criticism in the past for exercising too much control... Read more âș
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Meta Platforms is shutting down Horizon Worlds for its virtual reality headset users, the company announced Tuesday. The VR social network will continue to operate via its mobile app, but users accessing it through the Meta Quest headset will no longer be able to create, publish or update ... Read more âș
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A rogue AI agent recently triggered a major security alert at Meta Platforms, by taking action without approval that led to the exposure of sensitive company and user data to Meta employees who didnât have authorization to access the data. A Meta spokesperson confirmed the incident, while adding that âno user data was mishandledâ as a result of it. The episode underscores the growing risks of giving AI agents access... Read more âș
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JPMorgan and other banks have suspended a $5.3 billion debt deal for survey software company Qualtrics because debt investors were concerned over Qualtricsâ exposure to the decline in software valuations, according to Bloomberg. The troubled deal shows how investor fears about AI harming ... Read more âș
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Crypto exchange Coinbase is moving fast to build the infrastructure that allows AI agents to make payments, seeking a lead in the nascent market that could become a battleground for payments firms. Coinbase and Zerohash, a crypto infrastructure startup, are among the companies vying to issue a new stablecoin for Cloudflare that is set to launch this year, according to people familiar with the matter. The deal could put the... Read more âș
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Nvidiaâs developer conference has agent fever. On Tuesday, one of the most popular spots at the companyâs GTC convention was Nvidiaâs âBuild-A-Clawâ tent, where attendees could try out Nvidiaâs newly unveiled NemoClaw, open-source software for creating AI agents based on the popular OpenClaw.Many of the people who stopped by the Build-A-Claw tent wanted to take an agent for a test drive to see how it works before setting up their... Read more âș
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A year ago, CoreWeave looked like AIâs riskiest play. Then last fall, Oracle stepped in front. More recently, Masayoshi Sonâs SoftBank, no stranger to big bets, has borrowed its way to the top.This week, though, a new company took the title as riskiest AI firm: Nscale, a company run by a former coal miner that appears to have been independent for about six months. It might hold that prize for... Read more âș
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OpenAIâs plan to release an AI agent product through Amazon Web Services last month raised concerns among senior Microsoft executives that the product would violate OpenAIâs contract to run models exclusively on Microsoftâs Azure cloud. Itâs now publicly intimating that a rift is brewing. âWe ... Read more âș
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Tencent Holdings President Martin Lau said the company wants to create an AI agent within its popular WeChat messaging app in China that can handle a wide range of practical daily tasks for users, confirming an earlier story by The Information. âOur goal for the future is to create an AI agent ... Read more âș
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Apple has quietly prevented AI vibe coding apps such as Replit and Vibecode, which help people create games and other applications, from releasing updates to their mobile apps on the App Store unless they make modifications, according to several people with knowledge of the situation. The company confirmed it has told some app developers that the vibe coding capabilities violate longstanding App Store rules that say an app canât run... Read more âș
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Chinese AI model developer Zhipu is planning to bring all of its AI product teams, including those working on various apps as well as hardware like AI glasses, under a new unit in a major reorganization, according to two people with direct knowledge of the matter. The creation of the new unit, ... Read more âș
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The Chinese government plans to penalize people linked to Meta Platformsâ $2 billion acquisition of Manus, a Singapore-headquartered AI application startup that was originally founded in China, The New York Times reported. Chinaâs National Development and Reform Commission, a powerful agency ... Read more âș
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28.04.2026 15:56
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