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ServiceNow raises AI contract target to $1.7B as shares slide 18%DeepSeek and Moonshot trained new models on OpenAI's GPT-6 Astra, report saysMarvell nears a deal to buy Lumentum, the $83B AI optics makerMicrosoft booked $10B from OpenAI last quarter, 11% of its revenueServiceNow expands OpenAI deal, bringing Codex and ChatGPT into its workflowsFuriosaAI raises $620M at a $2.9B valuation to scale its inference chipsCognition weighs new round at $70B-$80B valuation weeks after $48B raiseMicrosoft revenue rises 19% to $92.3B as Azure grows 48%

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Bill McDermott

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ServiceNow raises AI contract target to $1.7B as shares slide 18%

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ServiceNow raises AI contract target to $1.7B as shares slide 18%

Third-quarter subscription revenue rose 21% to $3.99 billion, but a guided slowdown in backlog growth met a broad software sell-off.

Jaeden SchaferEditor in Chief2h ago5 min read