Generative AI is steamrollering the once booming industry known as software-as-a-service; ‘You have to burn the ships and start from the ground up’, writes Kate Clark, The Wall Street Journal.
Leopold Aschenbrenner’s hedge fund backed out of deal to sell $3.5bn of Anthropic shares, write Peter Rudegeair and Berber Jin, The Wall Street Journal.
South Korea’s SK Hynix falls nearly 10% in Seoul despite record results powered by AI boom, writes Jiyoung Sohn, The Wall Street Journal.
Tines is on course to hit revenues of $100m in the next quarter. Its co-founder Eoin Hinchy explains why it is launching a new product called 3B to help enterprises govern AI workflows, apps and agents.
The startup based in New York was most recently valued at $1.3 billion, but could fetch around $10 billion in a sale, write Berber Jin, Lauren Thomas, and Kate Clark, The Wall Street Journal.
Xi confidant leads fevered effort for domestic alternatives to win AI race; Chinese AI companies warned that anyone who resisted using local chips was a traitor, write Josh Chin and Raffaele Huang, The Wall Street Journal.
Rob Magee and tech executive Paul Condon, the founders of Layke AI, say the next wave of AI adoption will come not from the country's largest corporations but from mid-sized businesses seeking faster, better-informed decision-making.
Specialized manufacturers in the sector are a new pick-and-shovel play for investors, writes Jinjoo Lee, The Wall Street Journal.
Simon Crisp joined the advertising industry straight out of school and later had stints at some notable start-ups, including co-founder of Dublin-based Adwalker. He's now CEO of a new venture tackling the digital ad world's inconvenient truths.
Pitched battle for business users comes as AI companies seek lasting streams of revenue, write Kate Clark, Berber Jin and Angel Au-Yeung, The Wall Street Journal.
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