Design software firm Figma said revenue rose 46% in the first three months of the year, to $228 million, and it tripled its operating income to $40 million, according to a securities filing for a planned public offering. It generated a gross profit margin of 91%, ranking it among the highest ... Read more ›
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The investment bankers in the middle of the trillion-dollar data center boom are working on their next play: capital recycling.Private equity firms and real estate funds that invest in new artificial intelligence data centers will eventually need cash returns from their investments. Some of the data center operators they own are getting too big to sell, and may have too much debt to get the best price in an initial... Read more ›
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During the first game of the WNBA season, Chicago Sky star forward Angel Reese received a hard foul from her archrival, the Indiana Fever’s Caitlin Clark. The tough basketball play sparked a maelstrom of hate speech that snowballed across social media, an episode that highlighted how quickly such abusive discourse travels and how the league struggles to address it, as I wrote in The Arena in May. As of today,... Read more ›
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The TV streaming market is getting awfully crowded! Last week, Kalley and I broke the news that Instagram and TikTok are both working on versions of their video apps better suited for TV screens, following YouTube’s success in the living room.It’s easy to understand why these social media companies want to get in the game. Advertisers generally pay more for ads that show on TV screens than smartphone apps. TV... Read more ›
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Anthropic’s revenue reached a pace of $4 billion annually, or $333 million per month, up almost four times from the start of the year, The Information reported Tuesday. At the same time, competition with other startups offering AI to help engineers code faster is intensifying. Anysphere, the ... Read more ›
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As President Trump’s “Big Beautiful Bill” was being debated in the Senate over the past week, cracks were spreading among Republicans over a provision in the bill to block states from regulating artificial intelligence. Companies such as Meta Platforms, Andruil and Andreessen Horowitz pushed for it. Commerce Secretary Howard Lutnick was also in favor. But MAGA figures such as conservative commentator Steve Bannon argued it was a giveaway to power-hungry... Read more ›
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Surge AI, a competitor to data labeling firm Scale AI, has hired banks including J.P. Morgan to help it sell up to $1 billion in shares at a valuation of more than $15 billion, according to a person with knowledge of the deal. The transaction will mostly involve existing shares held by Surge’s ... Read more ›
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Cloudflare, which manages web traffic and cybersecurity for around 20% of the internet, launched a new default setting that lets news outlets and other content providers block the web crawlers that AI firms use to scrape their data without permission. The company also announced a program, ... Read more ›
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Web infrastructure company Cloudflare announced that starting today, websites using their technology can block AI crawlers by default. The move could undermine AI firms’ ability to update their models or ensure that their chatbots have access to up-to-date information, given that around 20% of ... Read more ›
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Anysphere, the maker of Cursor, an artificial intelligence-powered coding app, has hired two leaders of Anthropic’s competing coding product, Claude Code, according to one of the leaders. The move is notable because Cursor relies on AI from Anthropic to power its app and is one of Anthropic’s biggest customers. The hiring underscores the frenetic nature of talent moves in the AI field this year. It also comes as Anthropic’s revenue... Read more ›
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Warner Bros. Discovery’s second biggest shareholder, the Newhouse family, has sold half its stake in the entertainment company for $1.1 billion. The sale cuts the Newhouses’ stake in WBD to 4%, below the disclosure threshold, which means it will be tough to track whether the family sells ... Read more ›
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Grammarly announced on Tuesday that it acquired AI email assistant Superhuman, part of the startup’s effort to build a broad range of workplace software. The company didn’t disclose financial terms of the deal. Superhuman was last valued at $825 million in a round led by IVP and Andreessen ... Read more ›
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Hi! If you’re finding value in our Applied AI newsletter, I encourage you to consider subscribing to The Information. It contains exclusive reporting on the most important stories in tech, like this story on how Amazon is reshaping the TV ads market. Save up to $250 on your first year of access.OpenAI has a long habit of launching products and features that compete with other tech startups that sell apps... Read more ›
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In recent weeks, Meta Platforms has probably generated more buzz from hiring two executives and 14 artificial intelligence researchers—mostly from OpenAI—than from its prior AI efforts altogether. Meta CEO Mark Zuckerberg on Monday officially announced 11 of those researcher hires as part of a new organization, Meta Superintelligence Labs.The names might not ring a bell to most readers. But given how the market for AI talent has intensified recently, these... Read more ›
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The Senate has voted to drop a provision from President Trump’s signature tax and spending bill that would have blocked states from regulating AI, ending a controversial measure that several Silicon Valley leaders had been pushing for. The provision was initially designed to prevent states from ... Read more ›
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Cato Networks, an Israel-based seller of network security software, announced Monday that it raised $359 million in funding at a valuation of more than $4.8 billion. About a third of the round, or roughly $120 million, came from a secondary sale by employees, according to media reports on ... Read more ›
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Venture capitalists are taking their biggest swings at the startups they’ve previously backed. The total value of U.S. venture funding rounds led by investors that previously invested in the startups topped $69 billion as of mid-June, according to PitchBook. That’s already higher than the $67 billion volume of insider-led rounds for all of last year. If the pace continues, insider-led rounds will beat the record set in 2021 at the... Read more ›
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Elon Musk’s xAI raised $5 billion of equity in addition to $5 billion in debt, according to Morgan Stanley, which advised on the debt transactions. “The combination of debt and equity reduces the overall cost of capital and substantially expands pools of capital available to xAI,” Morgan Stanley ... Read more ›
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Start your timer. Meta Platforms CEO Mark Zuckerberg on Monday unveiled the company’s new artificial intelligence organization—Meta Superintelligence Labs—replete with heavyweights from Silicon Valley. This new org is the product of a massive spending spree by Zuckerberg to snag the best AI talent possible in hopes of turning around Meta’s recent AI slump. The end result is a team that, without being too cynical, feels highly combustible. Don’t be surprised... Read more ›
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A federal judge denied Apple’s motion to dismiss the Justice Department’s antitrust lawsuit against the iPhone maker, ruling that the government’s lawsuit had “sufficiently alleged indirect evidence” showing that Apple has monopoly power in the smartphone market. Among other things, Apple had ... Read more ›
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Most popular sources
Business Insider
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17% 0 |
The Verge
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12% 5 |
Wired
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10% 3 |
Android Authority
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9% 3 |
Gizmodo
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9% 1 |
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11.07.2025 10:52
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