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Baidu Unveils New AI Applications, Including Enhanced Text-to-Image Tech and No-Code App Builder

China's Baidu Inc has unveiled a suite of new applications for its artificial intelligence technology, highlighting a shift towards commercialization after years of research and development, reports Reuters. The company, known for its search engine dominance in China, is among tech firms embracing the commercialization of large language

Microsoft-Backed Startup Fastino Debuts Task-Optimized Enterprise AI Models That Run on CPUs

Fastino, a San Francisco-based startup, has emerged from stealth mode with a $7 million pre-seed funding round led by Insight Partners and M12, Microsoft’s Venture Fund, reports VentureBeat. The company is developing task-optimized enterprise AI models that offer improved performance at a lower cost, running efficiently on CPUs instead

Salesforce Hiring Spree Fueled by AI Agent Demand

Salesforce is on a hiring spree, aiming to recruit over 1,000 employees to support the growing demand for its new Agentforce solution, reports CX Today. Agentforce, launched last month, is a platform layer that enables companies to easily deploy AI agents, enhancing Salesforce workflows. The solution is powered by

Oracle's $115 Million Privacy Settlement Faces Opposition

Oracle and the plaintiffs' lawyers who negotiated a $115 million privacy settlement with the tech giant are facing opposition as a US judge in California prepares to consider final approval of the proposed deal, reports Reuters. More than 25 objections have been filed against the settlement, which was announced

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

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 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

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

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