Business — page 5
Apple trained a custom China AI model with Alibaba, Reuters reports
The partnership would make Apple the first US company approved to offer a proprietary AI model in China, ahead of an Apple Intelligence rollout.
Uber and Pony.ai to deploy 2,000 robotaxis across Europe
The pair will expand beyond their Zagreb launch to four more European cities and enter the Middle East, chasing Waymo's 5,000-vehicle lead.
Lam Research to invest more than $3 billion expanding chip R&D labs
The semiconductor equipment maker is doubling down on next-generation chipmaking tools as AI accelerator demand strains fabrication capacity.
Databricks raises $5B at $190B valuation after $15B in investor demand
CEO Ali Ghodsi wanted $1B. A leaked story turned it into a five-times-larger round at a higher mark.
Writer launches Palmyra X6 and new harness, promising 50% cost cut
The marketing-AI vendor bets enterprises are done chasing benchmarks and want flat token bills instead.
OpenAI loses second executive in a week as CRO Denise Dresser exits
Dresser departs after eight months; Wiz president Dali Rajic steps in as OpenAI restructures the revenue org ahead of its IPO.
IBM strikes OpenAI consulting deal, will retrain tens of thousands on GPT-5.6
The pact lands less than a year after IBM's Anthropic alliance and adds a dedicated OpenAI practice inside IBM Consulting.
OpenAI replaces CRO Denise Dresser with Wiz's Dali Rajic after nine months
The revenue chief swap follows the departures of COO Brad Lightcap and AGI deployment CEO Fidji Simo in the past month.
Databricks closes $5B round at $190B valuation, revenue hits $7B run rate
The data platform's valuation jumped from $134B in six months as CEO Ali Ghodsi cites 'crazy' agent demand and delays an IPO.
Apple weighs nine-figure budget to license news for Siri AI relaunch
The pay-per-use structure breaks with industry-standard flat licensing fees and signals urgency ahead of Siri AI's late-2026 rollout.
Nvidia backstops $500B AI data center push by guaranteeing GPU resale values
Jensen Huang gets Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to fund the buildout — in exchange for covering 25% of any collateral shortfall.
Microsoft folds consumer and business Copilot into one app, kills Mico and Deep Research
The August 18 consolidation ditches Group Chats, AI podcasts, Copilot Labs, and the floating blob mascot Mico.
Anthropic investors target $2 trillion IPO valuation for October debut
Backers project $100B–$120B annualized revenue by year-end, which would make Claude maker's listing the largest in history.
Microsoft merges consumer and commercial Copilot apps ahead of super app launch
One app, one icon, one taskbar entry — Microsoft is laying groundwork for a unified Copilot super app due later this year.
CodeRabbit raises $143M at $1.5B valuation to review AI-generated code
The Nvidia-backed startup now runs 2 million code reviews a week as AI-written software outpaces what human teams can vet.
Lovable raises $400M at $13.3B valuation as ARR nearly triples
The European app-builder went from 25M to 60M projects in 8 months, with Menlo Ventures returning to lead and EQT co-leading.
Sandbar raises $23M Series A for Stream, a voice-first AI ring
The startup has pulled in $36M total to bet that a ring, not earbuds or a pin, is the right form factor for capturing voice notes.
Cognition in talks to raise at $40B valuation, months after $26B round
Devin's maker hit a $1B annualized revenue run rate, doubling in three months, as enterprises pile onto its AI coding agent.
Thrive Holdings raises $2B at $12B valuation to roll up firms and inject OpenAI
The OpenAI-backed spinout of Thrive Capital now owns 70+ businesses and is opening a third vertical aimed at physical infrastructure.
Only 45% of enterprise data reaches AI agents, Google Cloud survey finds
A 300-executive survey with Google Cloud shows data leaders unlock 70% agent access; laggards stall at 30% and distrust their own agents.
Gamgee, the ChatGPT dog cancer vaccine startup, launches with Y Combinator backing
Paul Conyngham's Rosie story becomes a company pitching personalized mRNA vaccines, with a 75% tumor reduction claim from one case.
xAI launches Grok Bot, an agent service you assign work like a coworker
The always-on agents run in their own cloud environment and sign into your apps to complete multi-step tasks without preset workflows.
Blacksmith raises $45M Series B at $550M valuation as AI code testing booms
The code-validation startup's valuation jumped nearly 10x in under a year as AI-generated code overwhelms testing pipelines.
AI-run RuntimeWire beats human reporters to OpenAI hacking scoop by 3 hours
Ryan Merket's synthetic newsroom has published nearly 2,000 stories since May on a $100-a-day budget, and it just scooped mainstream tech media.
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