Amazon’s cloud business is surging — and so is its capital spending
The e-commerce giant is making more money than expected from AWS but it's also spending a lot, and will continue to do so in the near term, its chief executive said.
Is AI video just a prequel? Runway’s CEO thinks world models are next
AI-generated video has gone from novelty to creative tool almost overnight, and Runway has a front row seat to the shift. The New York-based company has raised close to $860 million at a $5.3 billion valuation, and its models are going toe-to-toe with the most well-funded labs in the world, includin...
Parallel Web Systems hits $2B valuation five months after its last big raise
The AI agent-tool startup founded by former Twitter CEO Parag Agrawal has raised $100 million, led by Sequoia, months after raising a previous $100 million.
DeepMind’s David Silver just raised $1.1B to build an AI that learns without human data
Ineffable Intelligence, a British AI lab founded a mere few months ago by former DeepMind researcher David Silver, has raised $1.1 billion in funding at a valuation of $5.1 billion.
Anthropic created a test marketplace for agent-on-agent commerce
In a recent experiment, Anthropic created a classified marketplace where AI agents represented both buyers and sellers, striking real deals for real goods and real money.
Google to invest up to $40B in Anthropic in cash and compute
Google plans up to $40B investment in Anthropic as AI rivals race to secure massive compute capacity, following the limited release of its powerful, cybersecurity-focused Mythos model.
Marked-up Mac minis flood eBay amid shortages driven by AI
Apple’s sold-out Mac mini is spawning marked-up eBay listings as demand surges for the compact desktop, now favored for running local AI models and tools.
Tim Cook is stepping down. What happens to Apple now?
Tim Cook plans to step down from his CEO role in September, handing the reins to hardware chief John Ternus. Ternus may be inheriting one of the most durable businesses in tech, but he’s also stepping into a very different ecosystemthan the one Cook spent decades shaping. The App Store’s 30% cut i...
How SpaceX preempted a $2B fundraise with a $60B buyout offer
Cursor was on track to close a $2 billion funding round this week but chose to halt discussions after SpaceX offered a $10 billion "collaboration fee" and a path to a $60 billion acquisition.
OpenAI teams up with Infosys to bring AI tools to more businesses
Infosys said the integration will be used to help its clients modernize software development, automate workflows and deploy AI systems, initially focusing software engineering, legacy modernization, and DevOps.