Anthropic Overtakes OpenAI in Business AI Adoption Amid Funding and Government Dispute
Anthropic surpassed OpenAI in business adoption during May, according to new spending data from Ramp. The increase came as Anthropic raised $65 billion, filed confidential paperwork for a US initial…
Qualcomm Introduces New Platforms for AI Glasses and Wearable Devices
Qualcomm is expanding its wearable technology business with Snapdragon Reality Elite, a mixed-reality platform designed for stronger on-device AI, and Snapdragon START, a toolkit intended to help manufacturers develop AI…
Mobileye Plans US Robotaxi Service With 17,000-Vehicle Expansion Target
Mobileye plans to launch its own robotaxi service in a major US city in 2027, expanding from an autonomous driving technology supplier into a direct ride-hailing operator. The company expects…
Robinhood to Cut About 290 Jobs in Organizational Restructuring
Robinhood will cut about 10% of its full-time workforce as it restructures the company around smaller teams and fewer management layers. The reduction will affect approximately 290 employees, based on…
Probably Raises $9 Million to Build More Accurate AI Data Tools
Probably has raised $9 million in seed funding from Andreessen Horowitz to develop AI systems that prevent hallucinations and factual errors from reaching users. Founder Peter Elias said the company…
ChatGPT’s AI Assistant Market Share Falls Below 50% as Gemini and Claude Gain
ChatGPT remains the world’s most widely used AI assistant, but its market share fell below 50% for the first time as users increasingly divided their activity among Google Gemini, Anthropic…
Respond.io Raises $62.5 Million to Expand AI Messaging Platform Globally
Respond.io has raised $62.5 million in Series B funding as the Malaysia-based company expands its AI-powered customer conversation platform into North America and Europe. Camber Partners led the round, with…
Softstar Shoes Transfers Ownership to Employees as US Founders Prepare to Retire
Oregon-based Softstar Shoes has transferred ownership of the company to its approximately 30 employees as former owner Tricia Salcido begins planning for retirement. The shoemaker completed the transition through an…
Starbucks Korea to Close Stores Early for History Training After ‘Tank Day’ Campaign
Starbucks Korea will close all its stores early on June 22 so employees can attend mandatory training on South Korean history and social sensitivity. The action follows public criticism of…
Anthropic Executives to Meet US Officials Over Fable 5 and Mythos 5 Restrictions
Anthropic executives are expected to meet senior US Commerce Department officials in Washington on Monday after the government restricted foreign access to the company’s latest AI models. CEO Dario Amodei…
Companies Target the Moon as Demand for Helium-3 Grows
Companies are developing ways to extract helium-3 from the Moon as demand rises from quantum computing, scientific research, and possible nuclear fusion applications. The rare gas currently comes mainly from…
Stanford Graduates Walk Out During Sundar Pichai’s Commencement Speech
Around 200 Stanford University graduates reportedly walked out as Google and Alphabet CEO Sundar Pichai delivered the university’s commencement address on Sunday. Students also booed and displayed signs criticizing Google’s…
SpaceX IPO Raises $85.7 Billion After Underwriters Buy Additional Shares
SpaceX has increased the amount raised through its initial public offering to $85.7 billion after the offering’s underwriters exercised their option to buy the maximum number of additional shares. The…
Salesforce to Acquire Fin for $3.6 Billion to Strengthen Agentforce
Salesforce has agreed to acquire AI customer service company Fin for approximately $3.6 billion, bringing Fin’s customer support agent technology and development team into its Agentforce business. The companies expect…
Sarvam Raises $234 Million at $1.5 Billion Valuation
Indian artificial intelligence company Sarvam has raised $234 million in the first close of a planned $300 million Series B round, valuing the Bengaluru-based company at $1.5 billion. The funding…
Fox to Acquire Roku in $22 Billion Cash-and-Stock Deal
Fox Corporation has agreed to acquire streaming company Roku in a cash-and-stock transaction valued at about $22 billion. The deal combines Fox’s news, sports, and streaming operations with Roku’s connected…
Orbio Raises $21 Million To Expand AI Agents For Frontline Workforce Management
Orbio has raised $21 million in Series A funding to expand its AI agents for recruiting, onboarding, and managing frontline employees. Dawn Capital led the round, bringing the enterprise startup’s…