AI Startups

Microsoft is planning to lay off thousands of employees next week, cutting fewer than 5,500 roles from sales, consulting, and Xbox divisions, as concerns over AI spending mount. This marks the company's third major layof…

Qualcomm acquired AI startup Modular for $3.92 billion to gain its Mojo programming language and MAX inference engine, aiming to break NVIDIA's CUDA lock-in by enabling hardware-agnostic AI code. The deal targets the gro…

Meta plans to launch a new cloud business selling excess AI compute capacity, directly challenging Microsoft, Amazon, and Alphabet. The move, announced Wednesday, sent Meta's stock up 10% as the company seeks to offset m…

Paul Meade, Apple's longtime Vision Pro and smart glasses hardware chief, has left the company to join OpenAI. Meade, who led hardware development for Apple's mixed-reality headsets and upcoming smart glasses, will now w…

AI startups should shift from selling productivity-enhancing software to selling completed work products, opening new verticals and pricing models. EvenUp exemplifies this by selling AI-generated demand packages to perso…

Autonomous construction bots from Built Robotics are building solar infrastructure for Meta's Hyperion AI data center in Louisiana. The 72-ton machines work 12-hour days driving steel beams, handling dangerous tasks in s…

Neon acquired the Luca Guadagnino-directed biopic 'Artificial' about OpenAI CEO Sam Altman after Amazon MGM dropped the film. The film's subject matter could influence OpenAI's IPO expectations.

Wedbush analyst Dan Ives initiated coverage of SpaceX with an Outperform rating and $190 price target, citing the company's three-way bet on launch, connectivity, and artificial intelligence. Ives highlighted SpaceX's po…

Venice AI, founded by Erik Voorhees, raised $65 million in Series A funding led by Dragonfly, with Coinbase Ventures and North Island Ventures participating, achieving a $1 billion valuation. The startup offers uncensore…

Bianco Research president Jim Bianco warned that AI adoption poses an existential threat to software giants Salesforce and Microsoft, comparing the disruption to the iPhone's impact on the mobile industry. The shift coul…

US stock markets stabilized on July 1, with the S&P 500 holding flat and the Nasdaq slipping 0.3%, recovering some losses after a prior week that saw the Nasdaq drop 4.6% and the S&P 500 fall 2%. The recovery was driven …

The AI Engineer Conference is pivoting from a generalist audience to vertical-specific tracks in healthcare, finance, and go-to-market, reflecting real-world adoption by companies like Vanguard, CVS Health, and Capital O…

Uber Technologies dismissed two senior leaders in its AI data labeling division, Uber AI Solutions, according to a Bloomberg report. The unit, launched in November 2024, competes with Scale AI by leveraging Uber's gig dr…

Pie, a New York startup, raised $19.5 million in Series A funding led by Lightspeed Venture Partners to help small businesses optimize for AI search engines like ChatGPT. The company offers growth tools including AI sear…

Meta stock surged 10% on Wednesday after Bloomberg reported the company plans to launch a cloud business selling excess AI compute capacity, putting it in competition with Microsoft, Amazon, and Alphabet. Despite the spi…

Australian startup Springboards has developed an LLM called Flint that generates more diverse responses than mainstream models like ChatGPT and Claude, addressing the issue of AI groupthink. The company's approach embrac…

Warp CEO Zach Lloyd announced at the AI Engineer World's Fair that the company is pivoting to a software factory platform called Oz, which automates the entire software development loop from triage to monitoring. Lloyd b…

Venice AI, a privacy-focused AI platform offering access to over 200 models, raised a $65 million Series A at a $1 billion valuation, led by Dragonfly with participation from Coinbase Ventures and North Island Ventures. …

Yahoo Finance Executive Editor Brian Sozzi discussed the AI 'bubble' and tech trade with Slatestone Wealth Chief Market Strategist Kenny Polcari and Bianco Research President Jim Bianco, examining the outlook for AI and …

Meta is building a cloud business to sell access to AI models and computing capacity, entering competition with Amazon Web Services, Microsoft Azure, and Google Cloud. The move follows Meta's heavy investments in data ce…