Companies, products, and big moves
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Harvey spent years selling Big Law a stack built on other labs' models. Today it says it has one of its own — trained on mock disputes, cheap enough to leave on, and meant to become the starting weight for every firm's private fork. Harvey introduced Harvey Tenet,
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Baidu finally printed the mix it has been selling for two years. The same quarter shows the old search-ad engine shrinking faster than the new one can replace it. Baidu said AI-powered businesses made up half of general-business revenue in the second quarter — 12.5 billion yuan,
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The AI build-out keeps slamming into a wall cash cannot move: watts. A Santa Clara chip shop just got priced like it already found a way around it. Velaura AI closed a $110 million Series A on Tuesday at a valuation of more than $1 billion, selling investors on
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Five European Central Bank economists just argued that history does not care whether today's AI valuations are a bubble or a fair bet — either way, a pullback is the base case. A Monday ECB Blog post concludes that a correction in current stock-market valuations is likely, even
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The last time we wrote Anthropic's books, the run rate was $47 billion and the headline was a first adjusted profit. The new number is $65 billion — and it showed up in eight weeks. Anthropic's annualized revenue run rate surpassed $65 billion at the end of
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When the open web runs dry, bankruptcy court starts to look like a data vendor. Google won a $10 million auction for the deidentified business data, software code, and operations records of collapsed low-cost carrier Spirit Airlines, and it says the haul will help improve its products and AI
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The $3 trillion is not a secret, and it is not a fraud. I think it is something more dangerous: a stack of contracts that already spent the next several years of the AI boom, so the industry no longer has a clean way to stop. This morning's
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The inference market just got a reality check, and Alibaba's Qwen team quietly shipped an open-source tool that wants to remember how you work. Groq has closed a $350 million round at a $3.5 billion valuation — roughly half the $6.9 billion it commanded in September
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The AI boom has minted a new class of power broker, and it isn't the labs shipping the models. It's the companies selling the silicon everyone else runs on — and they've started writing the checks themselves. Semiconductor giants have become AI's most
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Two signals that AI is moving from clever demos to durable categories: money piling into voice interfaces, and open-source tooling for running agents safely inside companies. Voice AI startup Wispr raised $280 million in a Series B led by Menlo Ventures at a $2 billion valuation, and it'
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Instabase relaunches as SuperApp to move AI into team work Instabase, the unstructured-data company that has raised more than $250 million since 2015, is rebranding as SuperApp and shipping a flagship work platform built around team collaboration with AI models. The new app pairs a Slack-style communication interface
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The AI buildout's bill just got a lot bigger — and most of it was never on the books. A Wall Street Journal analysis of nine top tech companies found roughly $3 trillion in AI-related off-balance-sheet commitments, far exceeding the roughly $600 billion those same companies