Discover expert insights, tips, and strategies to elevate your business.
Artificial Intelligence (AI)
OpenAI announced Tuesday that it has agreed to acquire Statsig, a product testing and experimentation startup, in a $1.1 billion all-stock deal. The acquisition brings on Statsig’s founder and CEO, Vijaye Raji, who will join OpenAI as its new Chief Technology Officer of Applications. The deal, one of
Artificial Intelligence (AI)
Mukesh Ambani, India’s richest man and chairman of Reliance Industries, has announced an ambitious new venture aimed at transforming India into a global hub for artificial intelligence. Speaking at the company’s 48th annual general meeting on Friday, Ambani launched Reliance Intelligence, a wholly owned subsidiary that will build
Energy
Massachusetts-based Commonwealth Fusion Systems (CFS) has secured $863 million in fresh funding, drawing support from an impressive roster of backers including Nvidia, Google, Breakthrough Energy Ventures, and a long list of venture and institutional investors. The raise marks another milestone for the most heavily funded fusion startup, pushing its total
Healthcare
Assort Health, a startup using artificial intelligence to automate patient communication for specialty healthcare practices, has raised about $50 million in a Series B round at a valuation of $750 million, according to three people familiar with the deal. The financing, led by Lightspeed Venture Partners, comes just four months
Telecommunications
EchoStar Corp. has struck a deal to sell spectrum licenses worth about $23 billion to AT&T Inc., a move aimed at shoring up the satellite telecommunications company’s finances while alleviating regulatory scrutiny over its unused airwaves. Announced Tuesday, the all-cash transaction will hand AT&T about
Pharmaceutical
AbbVie has agreed to acquire an experimental depression treatment from Gilgamesh Pharmaceuticals in a deal worth up to $1.2 billion, marking a significant step in the drugmaker’s push into next-generation psychiatric medicines. Under the agreement, AbbVie will acquire Gilgamesh’s lead asset, bretisilocin (GM-2505), an investigational therapy for
Energy
U.S. shale producer Crescent Energy announced on Monday that it will acquire smaller rival Vital Energy in an all-stock transaction valued at $3.1 billion, including debt. The move underscores the drive for scale among U.S. oil and gas producers, even as industry dealmaking slowed in the second
Artificial Intelligence (AI)
Meta is teaming up with AI startup Midjourney in a licensing deal that could reshape the social media giant’s generative AI strategy. The partnership, announced Friday by Meta Chief AI Officer Alexandr Wang in a Threads post, will bring Midjourney’s cutting-edge image and video generation technology into Meta’
Artificial Intelligence (AI)
As artificial intelligence continues to reshape how enterprises operate, Apple is preparing to give businesses greater control over how their employees use AI in the workplace. With its upcoming software updates arriving in September, Apple is introducing new enterprise-focused tools — including the ability to configure access to OpenAI’s ChatGPT
Semiconductors
The U.S. government is set to acquire a 10% ownership stake in Intel, President Donald Trump told reporters on Friday, in a move that would mark a rare departure from traditional American economic policy. The announcement, first reported by Bloomberg, sent Intel’s stock soaring more than 7% during
Cloud Computing
Meta has agreed to spend more than $10 billion on Google Cloud services over the next six years, according to two people familiar with the matter. The deal, first reported by The Information, underscores the growing demand for artificial intelligence (AI) infrastructure as technology giants race to scale their computing
Artificial Intelligence (AI)
OpenAI has announced plans to open its first office in India, marking a major step in the company’s bid to tap into one of the world’s fastest-growing AI markets. The move comes just days after the company rolled out ChatGPT Go, a budget-friendly subscription plan tailored for Indian