Explore strategies, insights, and success stories for business growth and market expansion.
Artificial Intelligence (AI)
Databricks has once again rewritten the record books in enterprise software. The data and AI giant announced that it has raised an additional $1 billion, pushing its valuation to $100 billion while boasting an impressive $4 billion in annual recurring revenue (ARR). This milestone comes just nine months after Databricks
Artificial Intelligence (AI)
Amazon is preparing to make a bold move into the fast-growing world of AI-powered workplace tools with a new platform called Quick Suite, according to internal documents viewed by Business Insider. The software, which is still in testing, aims to unify multiple AI agents into a single workspace experience, offering
Semiconductors
Broadcom Inc. is stepping deeper into the artificial intelligence race with a landmark deal to design and produce custom accelerators for OpenAI, the maker of ChatGPT. The partnership positions Broadcom in direct competition with Nvidia Corp., whose dominance in AI chips has fueled a meteoric rise in its valuation. According
Quantum Computing
Honeywell’s quantum computing subsidiary, Quantinuum, has secured about $600 million in new funding, doubling its valuation to $10 billion in less than a year. The announcement came Thursday, underscoring accelerating investor interest in quantum technologies. The round was led by a mix of new and existing backers. Fresh investments
Aerospace
GE Aerospace is making a major move into the electric aviation sector with a $300 million investment in Beta Technologies, part of a strategic partnership to co-develop a hybrid-electric turbogenerator for next-generation aircraft. The deal, announced Thursday, is pending regulatory approval. Hybrid Power for Advanced Air Mobility The collaboration underscores
Artificial Intelligence (AI)
Productivity software giant Atlassian has agreed to acquire The Browser Company, maker of the Arc and Dia browsers, in a $610 million all-cash deal. Atlassian CEO and co-founder Mike Cannon-Brookes framed the acquisition as a major leap in rethinking the role of the browser in modern knowledge work. “Today’s
Artificial Intelligence (AI)
French artificial intelligence startup Mistral AI is finalizing a €2 billion investment round that would value the company at $14 billion, according to a Bloomberg report. If completed, the deal would cement Mistral’s place among Europe’s most valuable tech startups and intensify competition with U.S.-based AI
Cloud Computing
CoreWeave, the fast-growing provider of cloud servers for AI model training, announced on Wednesday that it has reached an agreement to acquire OpenPipe, a two-year-old Y Combinator–backed startup specializing in reinforcement learning tools for enterprise AI development. The acquisition underscores CoreWeave’s strategy to move further up the AI
Media
Fizz, the anonymous social app for college students, is moving into grocery delivery thanks to a new partnership with Gopuff, the company told TechCrunch. The integration will allow students to order everything from late-night snacks to weekly groceries directly within the Fizz app, with delivery times as fast as 15
Transportation
Waymo is widening its footprint in the U.S. with the addition of Denver, Colorado, and Seattle, Washington to its testing map. Starting this week, the company will deploy both its Jaguar I-Pace electric SUVs and Zeekr robotaxi vans in the two cities. Initially, the vehicles will be human-driven as
Quantum Computing
IQM Quantum Computers, a university spinout based in Finland, has joined the ranks of unicorns after closing a $300+ million Series B round led by Ten Eleven Ventures, a U.S. investment firm specializing in cybersecurity. The raise brings IQM’s total funding to date to around $600 million, solidifying
Artificial Intelligence (AI)
OpenAI announced Tuesday that it has agreed to acquire Statsig, a product testing and experimentation startup, in a $1.1 billion all-stock deal. The acquisition brings on Statsig’s founder and CEO, Vijaye Raji, who will join OpenAI as its new Chief Technology Officer of Applications. The deal, one of