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Business — page 3

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Business

Meta scrapped Project OT after AI agents took 'disruptive actions'

Mark Zuckerberg's plan to cut some teams by 60% and go 'AI native' collapsed after agents drove a 40% jump in major incidents.

Jaeden Schafer5 min read
Nvidia posts $96.2B quarter, guides to $108B as data center doubles
Business

Nvidia posts $96.2B quarter, guides to $108B as data center doubles

Data center revenue hit $89B, profits doubled to $59.7B, and Nvidia is now one quarter away from joining the $100B-per-quarter club.

Jaeden Schafer4 min read
Legato exits stealth with $12M and AI hearing glasses aimed at 50M Americans
Business

Legato exits stealth with $12M and AI hearing glasses aimed at 50M Americans

Ex-Bose and EssilorLuxottica founders bet AI voice separation in an eyewear form factor can crack the 80% of untreated hearing loss.

Jaeden Schafer4 min read
Arga Labs raises $10M to build digital twins for training enterprise AI agents
Business

Arga Labs raises $10M to build digital twins for training enterprise AI agents

General Catalyst led the seed round for a startup cloning Salesforce and Workday environments so agents can be reinforcement-trained at scale.

Jaeden Schafer4 min read
QueryStory exits stealth with $6M seed to make enterprise AI answers auditable
Business

QueryStory exits stealth with $6M seed to make enterprise AI answers auditable

Ex-Google Chronicle co-founder Shapor Naghibzadeh is betting large companies want confidence scores, not chat boxes, on their data.

Jaeden Schafer5 min read
Runable raises $21M to push AI agents past building and into growing businesses
Business

Runable raises $21M to push AI agents past building and into growing businesses

The Bengaluru startup hit a $2M revenue run rate three weeks after launching payments and now wants to replace marketing agencies.

Jaeden Schafer5 min read
Ringg raises $10M from Peak XV to push voice AI past the call center
Business

Ringg raises $10M from Peak XV to push voice AI past the call center

The Bengaluru startup now processes 20M call attempts a month and is chasing complex enterprise workflows over cheap outbound calling.

Jaeden Schafer5 min read
Generalist hits $3B valuation as 8VC leads $200M robotics extension
Business

Generalist hits $3B valuation as 8VC leads $200M robotics extension

The former DeepMind and Boston Dynamics team raised a $200M extension on top of a $400M June round, bringing total funding to $600M.

Jaeden Schafer4 min read
Stability AI raises $76M Series B from Universal, Sony, Warner, and EA
Business

Stability AI raises $76M Series B from Universal, Sony, Warner, and EA

The Stable Diffusion maker's cap table now doubles as a content-licensing map, with the labels and EA co-developing tools rather than just licensing outputs.

Jaeden Schafer4 min read
OpenAI logo
Business

OpenAI's Thibault Sottiaux on ChatGPT Work hitting 20M users

The head of core products defends the $20 Plus plan, an 80% price cut with Luna, and the bet that workers want the model to just take over.

Jaeden Schafer5 min read
Gamma acquires Accel-backed Lica to build an AI design research lab
Business

Gamma acquires Accel-backed Lica to build an AI design research lab

Lica's co-founders will lead Gamma's new research division, tasked with reinventing what a presentation looks like beyond the slide.

Jaeden Schafer4 min read
nVent Electric to buy Maverick Power for $1.75B to expand data center lineup
Business

nVent Electric to buy Maverick Power for $1.75B to expand data center lineup

The electrical connection and protection supplier is doubling down on AI data center infrastructure with its largest deal to date.

Jaeden Schafer4 min read
OpenAI logo
Business

OpenAI bets ChatGPT Work can bring agents to the other 99%

Codex reaches 98% of OpenAI staff but under 1% of individual subscribers. ChatGPT Work is the company's fix.

Jaeden Schafer5 min read
Nvidia logo
Business

Nvidia opens NVLink Fusion to let custom XPUs plug into its rack-scale AI factories

The interconnect stretches to a 72-XPU domain with 3x lower latency and 10x higher packet rate than off-the-shelf Ethernet alternatives.

Jaeden Schafer5 min read
Nvidia logo
Business

Nvidia in talks to invest in Perplexity at $30B-plus valuation

The chipmaker is deepening ties with an AI search startup it already backs, cementing Nvidia's role as both supplier and shareholder across the sector.

Jaeden Schafer4 min read
Alibaba plans $10B Hong Kong share placement to fund AI buildout
Business

Alibaba plans $10B Hong Kong share placement to fund AI buildout

The raise would rank among the largest secondary equity offerings in Hong Kong this cycle, earmarked for AI infrastructure and model spend.

Jaeden Schafer4 min read
Harvard Business School puts AI avatars of its instructors inside a $699 bootcamp
Business

Harvard Business School puts AI avatars of its instructors inside a $699 bootcamp

HBS Foundry's eight-week program uses HeyGen-generated clones of real professors to critique student pitches between live sessions.

Jaeden Schafer4 min read
Nvidia logo
Business

Nvidia lifts AI server prices more than 15% as memory costs surge

Vera Rubin and Grace Blackwell systems shipping early next year will cost hyperscalers more, with memory makers squeezing the world's most profitable chipmaker.

Jaeden Schafer4 min read
Ulanqab emerges as China's biggest AI data center hub with 12.5GW pledged
Business

Ulanqab emerges as China's biggest AI data center hub with 12.5GW pledged

DeepSeek, ByteDance and Alibaba are among the Chinese firms racing to build in the Inner Mongolian city, dwarfing OpenAI's 10GW Stargate footprint.

Jaeden Schafer5 min read
Nvidia logo
Business

Starcloud raises $250M to build orbital data centers ahead of launch crunch

The Nvidia-backed startup hits a $2.3B valuation as it races to secure Starship capacity before SpaceX retires Falcon 9 in 2028.

Jaeden Schafer5 min read
Greater Manchester holds out as UK weighs $400M Palantir NHS break
Business

Greater Manchester holds out as UK weighs $400M Palantir NHS break

The region's homegrown data platform is now central to a debate over whether the UK should terminate Palantir's NHS contract next February.

Jaeden Schafer5 min read
Micro1 hits $500M run rate as AI training data demand surges
Business

Micro1 hits $500M run rate as AI training data demand surges

The four-year-old data-labeling startup grew fivefold in eight months, trailing Mercor's $2B and Handshake's $1B in the same market.

Jaeden Schafer5 min read
OpenAI logo
Business

OpenAI claws back ground on Anthropic among US businesses, Ramp data shows

Anthropic still leads at nearly 44% share to OpenAI's 40%, but the ChatGPT maker is now growing faster in Q3 among Ramp's business customers.

Jaeden Schafer4 min read
Every builds an AI clone of its editor in chief from 30,000 edits
Business

Every builds an AI clone of its editor in chief from 30,000 edits

CEO Dan Shipper says the 30-person AI publisher doubled headcount while automating its own copy desk with a Kate Lee agent.

Jaeden Schafer5 min read
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