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AI

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

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

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

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

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

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

Squarespace Buyout Battle, SoftBank's AI Chip Hunt, and FTC's Google Scrutiny

Cloud & Infra | AI | Consumer | Venture WEDNESDAY, AUGUST 14, 2024 Cloud & Infra Squarespace Investor Opposes $6.9 Billion Buyout Deal Glazer Capital, a shareholder in Squarespace Inc., has publicly opposed the website builder's proposed $6.9 billion acquisition by Permira. Glazer, which claims to control 5.4%

OpenAI on a Buying Spree, CrowdStrike Soaring High, and Election Boosts Meta

OpenAI Acquires Multi, Eyes Remote Collaboration Market: OpenAI has been on a rapid acquisition spree, recently purchasing two companies in a matter of days, as reported by TechCrunch. Following the acquisition of database technology firm Rockset, OpenAI has acquired Multi, a startup that developed a video-first collaboration platform designed for

Docusign Buyout Heats Up, Adobe Abandons Web-Design Product, and Tech Stocks Recover

Good morning. Below is a weekly dose of what happened in the tech space last week:  DocuSign's $13B Buyout: DocuSign's stock has surged by as much as 65% since November, driven by M&A speculations and interest from private equity buyers. According to an industry
Docusign Buyout Heats Up, Adobe Abandons Web-Design Product, and Tech Stocks Recover

Uber's Drizly Decision, Canva's Share Sale, and the AI Race Heats Up

Good morning, here’s your weekly dose of what happened in the software and e-commerce space last week:  Uber axes Drizly: The alcohol delivery service that fueled countless home happy hours during the pandemic, is calling it quits. Uber, which acquired Drizly in 2021 for $1.1 billion, decided that
Uber's Drizly Decision, Canva's Share Sale, and the AI Race Heats Up