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UK Antitrust Watchdog Probes Alphabet's Anthropic Deal

Britain's Competition and Markets Authority (CMA) has launched an investigation into Alphabet's partnership with artificial intelligence startup Anthropic, raising concerns about potential competition issues, reports Reuters. This probe comes amidst growing global scrutiny of deals between big tech companies and smaller AI startups, spurred by the

AI

C3.ai CEO Warns of AI Overhype, Emphasizes 'Meat and Potatoes' Applications

C3.ai founder and CEO Tom Siebel cautioned against the irrational exuberance surrounding AI technology during an interview with Yahoo Finance on Friday. While acknowledging the transformative potential of generative AI, Siebel highlighted the overvaluation of many companies in the space, particularly those leveraging large language models like ChatGPT. "

Enterprise Tech

HPE CEO Antonio Neri Confident in Juniper Acquisition, Sees AI Gains

Hewlett Packard Enterprise (HPE) CEO Antonio Neri confirmed in an interview with Yahoo Finance that the company's acquisition of Juniper Networks is expected to close within the next few weeks. The deal, valued at $5 billion, will create a $35 billion company with networking representing more than 15%

Salesforce

Can Salesforce Outpace Silicon Valley's AI Darlings?

Salesforce is making a bold move into the crowded field of enterprise AI. While newer entrants like OpenAI and Anthropic generate buzz with their chatbots, Salesforce is betting big on "agents" – a new generation of AI tools designed to go beyond conversation and actually perform tasks. Parmy Olson

Snowflake

Snowflake Update: Challenges Ahead as AI Hype Cools and Buffett Exits

Snowflake's once-unstoppable momentum has hit a snag. While its core business remains strong, recent events have injected a dose of reality into its outlook. A high-profile data breach, a cooling AI hype cycle, and Warren Buffett's decision to exit his stake have all cast a shadow

MongoDB Eyes GenAI Growth

Plus: Lyft Shifts Gears, and Regulators Circle Temu and Shein SaaS & Infra | AI | Consumer | Venture SaaS & Infra MongoDB COO bullish on long-term GenAI potential despite macro headwinds While acknowledging the impact of macroeconomic conditions on consumption growth, MongoDB COO Michael Gordon expressed strong optimism regarding the long-term potential

OpenAI

OpenAI Co-Founder Secures $1 Billion to Build "Safe" AI at New Startup

Ilya Sutskever, a co-founder of AI powerhouse OpenAI, has secured a staggering $1 billion in funding for his new venture focused on developing what he calls "safe" artificial intelligence. The startup, Safe Superintelligence (SSI), announced the funding round in a post on X (formerly Twitter) on Wednesday. SSI

Shein

US Regulators Call for Probe into Temu and Shein

Lyft

Lyft Slashes Jobs, Scales Back Bikes and Scooters in Efficiency Push

Ride-hailing company Lyft announced another round of layoffs on Wednesday, as reported by the Wall Street Journal, this time targeting its bikes and scooters division. The move comes as CEO David Risher continues his efforts to streamline operations and boost profitability at the Uber rival. While Lyft will maintain its

SaaS

MongoDB COO: GenAI Holds Long-Term Promise

MongoDB sees significant long-term opportunities from generative AI but acknowledges the near-term impact of macroeconomic headwinds on consumption growth, Chief Operating Officer Michael Gordon said Tuesday. Speaking at the Citi Global TMT Conference, Gordon outlined three key areas where GenAI is poised to benefit MongoDB: increased developer productivity leading to

OpenAI's Chip Play

Plus: Salesforce makes an AI Move, and Nvidia faces antitrust probes SaaS & Infra | AI | Consumer | Venture SaaS & Infra Salesforce snags Tenyx to bolster AI voice agent offerings Salesforce is on a mission to solidify its position in the red-hot AI market. The enterprise software giant announced its acquisition

Snap

Snap Bets on Ads, AR to Counter Competition

Snap Inc. CEO Evan Spiegel is striving to boost morale amidst a challenging year for the company, which has seen its stock price plummet by nearly 50%. In an internal letter obtained by Bloomberg, Spiegel reassured employees that Snap is on track for record annual revenue and remains committed to

OpenAI

OpenAI Chooses TSMC's Cutting-Edge A16 Node for its AI Chip Debut

OpenAI is taking a major leap into custom silicon. According to reports from Taiwan, the AI powerhouse has chosen TSMC, the world's leading chip manufacturer, to produce its first-ever AI chips. These chips will be manufactured using TSMC's advanced 1.6-nanometer A16 process node, slated for

SaaS

Asana's Q2 Earnings Beat Marred by Weak Revenue Outlook, Sending Shares Tumbling

Work management software provider Asana Inc. presented a mixed bag of results in its fiscal 2025 second-quarter earnings report, exceeding analysts' expectations on earnings and revenue but falling short on forward-looking guidance. The news sent Asana's shares tumbling nearly 13% in after-hours trading. Asana reported an adjusted

Salesforce

Salesforce Acquires AI Voice Agent Startup Tenyx in Bid to Bolster AI Capabilities

Salesforce announced Tuesday its agreement to acquire Tenyx, a developer of AI-powered voice agents, signaling a renewed focus on strategic acquisitions to fuel growth in the competitive AI landscape. While the financial details of the deal remain undisclosed, Salesforce confirmed that the acquisition is expected to close in the third

AI

Nvidia Hit With DOJ Subpoenas in Escalating Antitrust Investigation

Nvidia shares tumbled further in after-hours trading Tuesday following a report by Bloomberg that the Department of Justice (DOJ) has issued subpoenas to the chipmaking giant as part of an ongoing antitrust investigation. This news comes on the heels of a brutal day for Nvidia, which saw its stock plummet

SaaS

Canva's Price Shock, Nvidia's AI Power Play, and ByteDance's Big Borrow

SaaS & Infra | AI | Consumer | Venture SaaS & Infra Canva Price Hike Sparks Backlash Australian design platform Canva is facing criticism for a significant price increase to its Canva Teams product. Some users have seen their annual bills more than triple, prompting complaints about affordability and the value proposition of

AI

Samsung Acquires French AI Ultrasound Startup Sonio for €86 Million

Samsung Medison, the medical equipment subsidiary of tech giant Samsung Electronics, has finalized its acquisition of Sonio, a French startup specializing in AI-powered ultrasound technology, for €86 million ($93 million). This strategic move highlights Samsung's growing interest in leveraging artificial intelligence to enhance its healthcare offerings. Founded in

SaaS

CrowdStrike Braces for Legal and Congressional Firestorm Following Global IT Meltdown

Cybersecurity firm CrowdStrike is facing a multi-front battle in the wake of a disastrous software update that crippled millions of computers worldwide in July. Alongside mounting lawsuits from disgruntled customers and shareholders, the company is now set to be grilled by US lawmakers over the incident. As reported by TechCrunch,

Nvidia

Nvidia: From Chip Powerhouse to AI Data Center Architect

Nvidia, already a dominant force in AI chips, is aggressively expanding its reach to encompass the entire data center ecosystem. The company's CEO, Jensen Huang, envisions Nvidia as a "one-stop shop" for building "AI factories," offering not just its renowned chips but also software,

SaaS

Canva Sparks Outrage With Steep Canva Teams Price Hike

Graphic design platform Canva is facing backlash from users following a significant price increase for its Canva Teams product, as reported by the Australian Financial Review. The change, which introduces a per-user pricing structure, has sparked accusations of being "outrageous" from long-time subscribers. Under the new model, US-based

Consumer

ByteDance Seeks Record $9.5 Billion Loan

ByteDance, the Chinese tech giant behind TikTok, is seeking a massive $9.5 billion loan, aiming to secure the largest dollar-denominated corporate facility ever seen in Asia, excluding Japan. This news comes from separate reports by Reuters and Bloomberg. Citigroup, Goldman Sachs, and JPMorgan are reportedly coordinating the loan, structured

Dell

OpenAI Lures New Funding as Dell Surges on AI Demand, Atlassian Snags Rewatch for AI Meetings

Cloud & Infra | AI | Consumer | Venture Cloud & Infra Dell Experiences Soaring Server and Networking Revenue Thanks to AI Dell Technologies has reported an 80% surge in server and networking revenue, driven by high demand for AI infrastructure. The company's close partnership with Nvidia and its focus on

Box

Box's AI Gamble Shows Early Promise, But Revenue Growth Still a Question Mark

Cloud content management company Box Inc. saw its stock surge in after-hours trading on August 27th, following a strong second-quarter performance that exceeded Wall Street's expectations. The company reported earnings before certain costs of 44 cents per share on revenue of $270 million, prompting an increase in its

Snowflake

Snowflake Stock Stumbles Despite Earnings Beat as AI Concerns Persist

Snowflake Inc. (SNOW) shares took a tumble on Wednesday, plunging 14.7% despite reporting second-quarter earnings that beat analyst expectations. The stock's decline stemmed from a combination of a modest earnings beat and a guidance update that failed to quell investor worries about the company's AI