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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

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

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

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,

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

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

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%

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