JPMorgan Chase and Coinbase signed an agreement to directly link customers’ bank accounts to their cryptocurrency wallets, a move that could undercut data aggregators between banks and companies. Under the new deal, which is expected to go into effect next year, customers can also fund Coinbase ... Read more ›
0
Amazon will pay the New York Times between $20 million and $25 million in cash each year to license its content for AI, the Wall Street Journal reported. That sum is equal to roughly 1% of the Times’s 2024 revenue. Under the deal, which was first announced in May, Amazon can use the Times’s ... Read more ›
0
Before we get to today's column, my colleague Valida and I reported Tuesday that Canadian AI model maker Cohere is in talks to raise up to $500 million in a new funding round at a $6.3 billion valuation. Existing investors Inovia Capital and Radical Ventures are in talks to invest in the round. This company recently generated revenue at an annual pace of $100 million. At a $6.3 billion valuation,... Read more ›
27
Palo Alto Networks will buy the login software firm CyberArk for $25 billion, the companies announced on Wednesday. CyberArk, a publicly traded startup based in Israel, sells software for verifying companies’ employees when logging into applications that run in the cloud. The 26-year-old firm ... Read more ›
0
Amazon is taking steps to keep other companies’ artificial intelligence shopping tools from swarming its e-commerce site. In recent weeks, Amazon updated the code underpinning its website to add language warding off new AI agents from Google. These changes follow restrictions Amazon added earlier this year calling out bots from Perplexity, Anthropic’s Claude and OpenAI’s ChatGPT. Read more ›
14
The judge overseeing Elon Musk’s breach of charitable trust lawsuit against OpenAI struck down 16 of OpenAI’s 55 defenses on Tuesday, ruling that OpenAI “inappropriately asserted an excessive number of defenses, many of which appear to be irrelevant, redundant, insufficient, or immaterial.” ... Read more ›
0
Talk about hanging someone out to dry! A day after DoorDash confirmed it had hired Lee Brown, Spotify’s longtime ad chief, as chief revenue officer, Spotify executives went out of their way to complain about the company’s ad performance—and by implication, the job Brown had done. When asked on the company’s second-quarter earnings call about Brown’s departure, Spotify’s co-president, Alex Norstrom, said the ad business hadn’t progressed enough, “so we... Read more ›
0
Cohere, a Canadian artificial intelligence developer that competes with Anthropic and OpenAI, has sustained one of the richest valuations in the industry as a multiple of the relatively modest revenue it generates. Now it’s told investors that sales are picking up—enough to entice existing shareholders to sink more money into the six-year-old company at a higher valuation. Read more ›
0
The tech investment climate feels more like New York City (97 degrees) today than San Francisco (67 degrees). That is to say, it’s scorching hot and starting to get uncomfortable. The latest major startup deal I’m hearing about is crypto exchange Kraken seeking about $500 million, at a $15 billion valuation, according to people familiar with the matter. Read more ›
0
Cerebras Systems, a startup that is developing artificial intelligence chips to challenge Nvidia’s, is in talks to raise up to $1 billion in private funding, potentially delaying a plan to go public this year, The Information reported. The potential delay would represent a shift for Cerebras CEO ... Read more ›
1
Groq, a chip startup taking on Nvidia, recently cut its 2025 revenue projections from more than $2 billion to more than $500 million, The Information reported. The company gave out the lower projections as it talks to investors about a new round of funding that would double its post-investment ... Read more ›
2
Nearly everywhere I look, I’m seeing signs of how artificial intelligence is shaking up the way we engage online, from shopping to social media. OpenAI is reportedly working on a new checkout feature, betting that more consumers will turn to chatbots like its ChatGPT to find and purchase products. At the same time, I’m seeing an influx of realistic AI videos on my social media feeds, while a new generation... Read more ›
11
Palo Alto Networks is in talks to acquire the login software firm CyberArk for more than $20 billion, The Wall Street Journal reported on Tuesday. CyberArk’s stock rose more than 12% on Tuesday following the report. CyberArk, a 26-year-old publicly traded startup based in Israel, sells software ... Read more ›
2
The Consumer Financial Protection Bureau said it will fast-track a new rule governing access to consumer financial data, weeks after JPMorgan unveiled new data-access fees that threw the fintech industry into turmoil. On Tuesday, the CFPB intervened in a lawsuit the banking industry had launched ... Read more ›
2
Cerebras Systems, a startup that is developing artificial intelligence chips to challenge Nvidia’s, is planning to raise money privately, potentially delaying a plan to go public this year, the company has told investors. The company is in talks to raise up to $1 billion in fresh funding, according to a person familiar with the discussion. Deliberations are still ongoing, and Cerebras may choose not to pursue a private round, another... Read more ›
0
Artificial intelligence that rewrites code and can reprogram old apps into newer formats is lowering the cost of switching enterprise software providers and is poised to help companies tackle previously nearly impossible tasks, as Aaron reported Monday. One such task we’re hearing more about involves companies getting their data out of Oracle, Microsoft SQL Server, Teradata and other databases that run in the companies’ private data centers. Some companies want... Read more ›
8
Anthropic is raising a new financing at a $170 billion valuation in a deal led by Iconiq Capital, reported Bloomberg. That’s up from the $58 billion-valued round, before the investment, led by Lightspeed Venture Partners at the start of this year. The new funding round is expected to be between ... Read more ›
0
JPMorgan is nearing a deal to replace Goldman Sachs as the provider of Apple’s credit card program, the Wall Street Journal reported. The largest U.S. bank has emerged as Apple’s preferred choice to take over the program which has about $20 billion in balances, according to the report. Over the ... Read more ›
5
Groq, a richly funded chip startup trying to take on Nvidia, told investors early this year it was on track to have more than $2 billion in revenue for 2025. Within the past month, the number it gave to investors has fallen to more than $500 million, according to documents viewed by The Information. Groq’s $2 billion projection came around the time it inked a $1.5 billion deal with Saudi... Read more ›
49
Spotify executives on Tuesday signalled that the departure of its ad chief, Lee Brown, on Monday was in response to their unhappiness with the speed of changes with the company’s ad business. In a second quarter earnings conference call, Spotify co-president Alex Norstrom responded to a question ... Read more ›
0
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03.11.2025 16:43
Last update: 16:35 EDT.
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