BusinessSAP imposes hiring freeze and travel limits to fund AI prioritiesSAP has instituted a company-wide hiring freeze and capped travel to redirect savings toward artificial intelligence development and competitive defense, according to an internal memo reported by Bloomberg.3 min read
BusinessVenice raises $65M to offer privacy-focused, less-filtered AI accessVenice, an AI company founded by ShapeShift creator Erik Voorhees and cloud entrepreneur Jesse Proudman, raised $65 million at a $1 billion valuation to market a privacy-first, minimally filtered alternative to mainstream models like ChatGPT and Claude.2 min read
BusinessMeta's move into AI compute shakes GPU-focused suppliersBloomberg reports that Meta is building "Meta Compute," a cloud business to sell access to its AI compute infrastructure and models.2 min read
BusinessMicrosoft launches 'Frontier' unit with $2.5B and 6,000 experts to scale enterprise AI deploymentsMicrosoft announced the creation of Microsoft Frontier company, an operating business aimed at delivering enterprise AI implementations using Microsoft’s existing AI tools.2 min read
BusinessMeta reportedly plans a cloud service to train AI models, competing with major providersA Bloomberg report says Meta is planning its own cloud infrastructure to run and train artificial intelligence models, and would offer capacity to third parties.2 min read
BusinessReport: SpaceX Allegedly Showed Slim AI Device to Investors, Musk Denies Plans to Produce ItThe Wall Street Journal reported that SpaceX demonstrated a thin, portable AI device to investors shortly before going public, reportedly running on a Qualcomm Snapdragon chip and SpaceX’s own operating system with xAI’s Grok integrated.2 min read
BusinessBhavin Turakhia invests $30M of his own money to build AI-native alternative to Microsoft OfficeIndian entrepreneur Bhavin Turakhia is committing $30 million of personal funds to found Neo, an enterprise work platform he says is rebuilt from scratch for the AI era.3 min read
BusinessMeta considers selling spare AI compute via in-house cloud unit, shares jumpBloomberg reported that Meta is building an internal cloud unit to sell unused compute capacity for AI workloads, prompting a roughly 7% rise in premarket trading.2 min read
BusinessAshton Kutcher leaves Sound Ventures to launch early-stage AI and deep-tech VC with Morgan BellerAshton Kutcher is departing Sound Ventures, the firm he co-founded with Guy Oseary 11 years ago, to start a separate venture capital fund with Morgan Beller.2 min read
BusinessVenice AI raises $65M Series A at $1B valuation, builds privacy-focused AI platformVenice AI, a two-year-old startup that hosts over 200 AI models with privacy-preserving routing and encryption, has closed a $65 million Series A at a $1 billion valuation led by Dragonfly.3 min read
BusinessMeta may sell cloud compute and AI models to monetize its data centersMeta is reportedly planning a cloud infrastructure business that would sell AI compute capacity and hosted models, competing with Amazon Web Services, Google Cloud and Microsoft Azure.3 min read
BusinessBending Spoons lists on Nasdaq amid AI-driven growth and acquisition strategyItalian app developer Bending Spoons, owner of several well-known internet brands, went public on the Nasdaq today with an opening valuation above $18 billion and a 40% jump by market close.4 min read
