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Shopify Takes Aim at Salesforce, Bragging About Customer Gains

Shopify, the online shopping specialist, is making bold claims about its success in attracting large-scale businesses, including those previously loyal to Salesforce, reports CX Today. The company is touting "the mass migration" of customers from Salesforce to Shopify, citing lower prices as a key driver. Shopify Chief Operating

Mozilla Foundation Cuts 30% of Staff

The Mozilla Foundation, the nonprofit arm behind the Firefox browser, has laid off 30% of its employees, confirming a "relentless onslaught of change" facing the organization, reports TechCrunch. The layoffs, affecting roughly 120 employees, come as Mozilla Foundation undergoes a "reorganization" to "increase agility and

Perplexity Hits $9B Valuation with New Funding

Perplexity, the search startup powered by artificial intelligence, is raising a new round of investment that would value the company at $9 billion, reports Reuters. The funding round, led by venture capital firm Institutional Venture Partners (IVP), is set to bring in $500 million, signaling continued investor enthusiasm for AI

Netflix Offices Raided in Tax Fraud Investigation

French and Dutch authorities raided the offices of streaming giant Netflix in both countries on Tuesday, as part of a preliminary investigation into tax fraud and money laundering, reports Reuters. The investigation, opened by France’s Parquet National Financier (PNF) in November 2022, focuses on potential tax irregularities within the
Netflix Offices Raided in Tax Fraud Investigation

Robot AI Startup Physical Intelligence Raises $400 Million From Bezos, OpenAI

Physical Intelligence, a startup developing foundational software for robots, has secured $400 million in early-stage funding, according to a report by Reuters. This investment round, which values the company at $2 billion, was led by Amazon's Jeff Bezos, OpenAI, Thrive Capital, and Lux Capital. Physical Intelligence is focused

Strong AWS Growth Powers Amazon Results

Amazon, the latest of the "magnificent seven" tech giants to report quarterly earnings, has exceeded Wall Street expectations, driven by strong growth in its cloud computing business, reports The Guardian. Shares in the e-commerce giant rose in after-hours trading following the announcement of revenue of $158.9 billion,

EU Agrees to Hike VAT on Airbnb, Uber After Estonia Drops Veto

The European Union has reached an agreement to reform VAT rules that will impose tax hikes on online platforms offering short-term rentals and ridesharing services, such as Airbnb and Uber, reports Euronews. This comes after Estonia, home to ride-sharing app Bolt, dropped its opposition to the proposal. Estonia had previously

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

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. "

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%