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Cloud Computing
Nebius Group announced on Monday that it has signed a landmark agreement to provide Microsoft with GPU infrastructure capacity in a deal valued at $17.4 billion over five years. The agreement, which could expand to $19.4 billion if Microsoft opts for additional capacity, underscores the booming demand for
Cybersecurity
The cybersecurity industry is one of the largest and fastest-growing sectors in tech, but for startups, the public markets have remained elusive. Most promising companies in the space are snapped up by strategic acquirers long before ringing the opening bell. Even Wiz, once the fastest-growing startup in the category, scrapped
Artificial Intelligence (AI)
Cognition AI, the fast-rising startup behind the AI coding agent Devin, has surged to a $10.2 billion valuation after securing a fresh $400 million funding round, according to Bloomberg. The deal represents a steep jump from the company’s $4 billion valuation earlier this year and signals investor confidence
Entertainment
StubHub Holdings Inc., the operator of ticket-selling platforms StubHub and Viagogo, is moving forward with its long-anticipated public debut, aiming to raise as much as $851 million in an initial public offering. In a filing with the U.S. Securities and Exchange Commission on Monday, the New York-based company outlined
Banking
Pittsburgh-based PNC Financial Services Group announced Monday it will acquire FirstBank Holding Co., a privately held Colorado lender, in a $4.1 billion cash-and-stock deal designed to expand PNC’s footprint in the western United States and push its coast-to-coast ambitions. The acquisition will add nearly 100 branches in Colorado
Telecommunications
Elon Musk’s SpaceX announced Monday that it will purchase wireless spectrum licenses from EchoStar Corp. in a transaction valued at $17 billion, a move that could dramatically accelerate the growth of Starlink’s direct-to-cell satellite network and next-generation 5G services. As part of the agreement, EchoStar’s Boost Mobile
Artificial Intelligence (AI)
Databricks has once again rewritten the record books in enterprise software. The data and AI giant announced that it has raised an additional $1 billion, pushing its valuation to $100 billion while boasting an impressive $4 billion in annual recurring revenue (ARR). This milestone comes just nine months after Databricks
Artificial Intelligence (AI)
Amazon is preparing to make a bold move into the fast-growing world of AI-powered workplace tools with a new platform called Quick Suite, according to internal documents viewed by Business Insider. The software, which is still in testing, aims to unify multiple AI agents into a single workspace experience, offering
Semiconductors
Broadcom Inc. is stepping deeper into the artificial intelligence race with a landmark deal to design and produce custom accelerators for OpenAI, the maker of ChatGPT. The partnership positions Broadcom in direct competition with Nvidia Corp., whose dominance in AI chips has fueled a meteoric rise in its valuation. According
Software Recommendations
OpenAI is continuing its streak of acqui-hires, bringing the team behind Alex, a developer tool that integrated AI models into Apple’s Xcode suite, into its Codex division. Codex is the group within OpenAI responsible for building the company’s AI-powered coding assistant. Alex’s founder, Daniel Edrisian, confirmed the
Quantum Computing
Honeywell’s quantum computing subsidiary, Quantinuum, has secured about $600 million in new funding, doubling its valuation to $10 billion in less than a year. The announcement came Thursday, underscoring accelerating investor interest in quantum technologies. The round was led by a mix of new and existing backers. Fresh investments
Style & Beauty
The luxury rental membership platform Vivrelle is doubling down on artificial intelligence. On Thursday, the company announced the debut of Ella, an AI-powered personal styling assistant developed in collaboration with fashion retailers Revolve and FWRD. The launch underscores the fashion industry’s accelerating embrace of AI to deliver hyper-personalized shopping