Business — page 24
Shanghai Futures Exchange designs derivatives market for AI tokens
CME Group and ICE are separately building GPU rental futures as financial infrastructure catches up to the compute economy.
Asana buys no-code agent builder StackAI for $75M
The acquisition folds StackAI's workflow agents into Asana's AI Studio as the company pitches itself as an operating system for human-agent teams.
AWS rebuilds OpenSearch Serverless for agent traffic as bots near half the web
The new Serverless decouples compute from storage and scales to zero — Cloudflare says non-human traffic will pass human traffic in early 2027.
Anthropic raises $65B at $965B valuation, passing OpenAI
The Series H nearly triples Anthropic's February mark of $380B and lands it ahead of OpenAI's $852B, with revenue at a $47B run rate.
Meta commits $13M in additional Oversight Board funding through 2028
After months of speculation that the company would let the body wither, Meta extended its lifeline with fresh capital running into 2028.
Snowflake raises FY27 guidance after signing $6B AWS Graviton deal
The cloud-data company cited accelerating enterprise AI adoption as it locked in multi-year AWS chip capacity.
Nvidia commits $150B annually to Taiwan as Trump's AI reshoring push stalls
Huang doubles down on Taiwan as the AI epicenter while Trump's chip tariffs and export controls fail to shift production stateside.
Snowflake signs $6B AWS deal for Graviton chips as AI CPU demand surges
The five-year contract doubles Snowflake's total AWS Marketplace revenue since 2012 and signals CPU chip competition heating up.
Meta launches Instagram, Facebook, and WhatsApp subscriptions globally
The company is rolling out $2.99–$3.99 monthly plans while testing AI and creator tiers under a new Meta One brand.
Cognition raises $1B at $25B pre-money valuation
The Devin maker's valuation jumped 145% in eight months on $492M annualized revenue run-rate.
Robinhood launches credit card and trading for AI agents
The brokerage opens both its Gold card and trading platform to autonomous agents, with 3% cash back.
OpenRouter raises $113M Series B at $1.3B valuation
The AI gateway startup more than doubled its value in a year as token volume surged 5x.
Human Archive raises $8.2M to turn India's gig workers into robot trainers
The startup pays workers $1 per hour to wear camera-equipped caps while cleaning homes and cooking meals, selling the data to AI labs.
85% of enterprises want agentic AI but 76% lack the infrastructure to deploy it
Layering AI agents onto legacy operations fails — full organizational redesign is required.
Uber president says AI spending is getting 'harder to justify'
The company exhausted its annual AI budget four months into 2026 with no clear link between token usage and feature delivery.
AI startups inflate ARR by 70% using contracted revenue as VC kingmaking tactic
Legal AI founder exposes pervasive practice of reporting committed but undeployed contracts as annual recurring revenue.
The Gulf's AI boom depends on 7 undersea cables through the Strait of Hormuz
Saudi Arabia and the UAE are building AI infrastructure, but regional cable concentration threatens their compute-export ambitions.
OpenAI hires Clinton crisis vet to rebuild AI's public image
Chris Lehane, the political operative behind Airbnb's regulatory fights and crypto's super PAC, now runs OpenAI's global affairs.
SpaceX pitches $26.5T AI market as Grok lags OpenAI and Anthropic
The company's IPO filing projects orbital data centers while Grok holds 0.174% paid consumer share.
Google DeepMind launches Asia Pacific climate AI accelerator
A three-month program for startups, research teams, and nonprofits using frontier AI to solve environmental challenges.
Spotify and Universal Music strike deal for fan-made AI covers and remixes
The tool launches as a paid Premium add-on with artist opt-in and revenue share; pricing and launch date undisclosed.
Spotify launches ElevenLabs-powered audiobook creation tool for self-publishers
The streaming platform will let authors generate audiobooks in-app starting June 2026, with no exclusivity required.
The Path raises $14.3M for AI therapy app co-founded by Tony Robbins
The startup scores 95 on mental health safety benchmarks, 30 points above consumer chatbots.
Hark raises $700M Series A at $6B valuation for AI personal assistant
Brett Adcock's secretive consumer AI lab has 70 employees and plans to ship multi-modal models this summer.
Stay ahead of everyone in AI.
The tightly edited AI news email engineers, founders, and investors actually open. One email. Every weekday. Five minutes to finish.
The briefing read inside teams at