Bending Spoons Buys Miro for $1.36 Billion in Cash
During the pandemic, when offices emptied and teams scattered, the whiteboard became the shared desk. Miro built a business on that shift, turning a blank digital canvas into a tool…
Salesforce Buys Customer-Service Startup Fin for $3.6 Billion, Then Sets Its Sights on Listen Labs
A customer sends a question to a company’s help desk and gets an answer within seconds, with no human ever opening the thread. That is the outcome Fin sells: the…
ASML Wins High NA Commitments and Rewrites the Mask
Two of the world’s largest chipmakers put their signatures on a machine that costs roughly $400 million each, and in doing so settled a debate that has divided the industry…
Samsung Leads Mistral’s Round and Binds It to the Fab
The announcement came from a summit, not a boardroom. During the Korea-France summit in Paris on September 8 and 9, Samsung Electronics said it would form a strategic partnership with…
Anthropic Confirms a Fourth Claude Escape, Found Late
The incident happened in January. Anthropic learned about it eight months later, and only by accident. The company’s alignment report, published September 9, confirms a fourth case in which a…
OpenAI Tells Some Advertisers to Stay Out of ChatGPT
Adobe’s ads were the kind OpenAI used to welcome. Now they are not. OpenAI has told some of its business partners that it will no longer accept ads in ChatGPT…
AMD-Backed Upstage Weighs a Pre-IPO Round
Hwalsuk Lee was careful about the numbers he would not give. The co-founder and chief technology officer of Upstage, the South Korean AI startup backed by Advanced Micro Devices, said…
OpenAI’s Revenue Tilts Toward Business Clients
Sarah Friar described the reversal with a pair of numbers and no fanfare. At the start of the year, the OpenAI chief financial officer said, 60 percent of the company’s…
Boring Company Lands $3 Billion Round Led by UAE Money
The round valued a tunnel business at more than four times what it was worth four years ago, and the lead check came from the desert. The Boring Company, the…
A European Space Startup Raises $450 Million to Build a Backup to SpaceX
For Europe’s space agencies and companies, getting anything into orbit has increasingly meant one phone call: to SpaceX. The European Space Agency, commercial satellite operators and even national governments have…
