As was widely reported, Oracle axed an estimated 20,000 to 30,000 people via email on March 31.
One of the employees cut that day told TechCrunch about the experience: “I had, like, this weird feeling in my stomach. I went to go sign into the VPN, and the VPN was like, ‘this user doesn’t exist anymore.’ Then I called my friend, and I was like, ‘Hey, can you see me in Slack?’ And she…
Cloudflare on Thursday joined a growing list of tech companies – including Meta, Microsoft, and Amazon – that have reported increased revenue alongside massive layoffs, attributing both trends to their use of AI.
Cloudflare, which provides internet security and…
When Anthropic unveiled its new Mythos model in April, it also delivered a stern warning to anyone developing software. The model was so powerful at sniffing out software vulnerabilities, the lab claimed, that it had discovered thousands of high-severity bugs that would need…
Chinese AI companies may not be swimming in as much cash as their Western rivals, but their open source models are still facing no shortage of interest from those who don’t mind a performance hit in exchange for cheap inference. And investors are taking notice.
Moonshot AI, the Beijing-based AI lab developing the popular Kimi series of open-weight large language models, has raised about $2…
Earlier this week, five people who touch every layer of the AI supply chain sat down at the Milken Institute Global Conference in Beverly Hills, where they talked with this editor about everything from chip shortages to orbital data centers to the possibility that the whole…
When companies are looking for opinions or advice on a project, they tend to go to LinkedIn or use expert networks such as GLG, Third Bridge, or AlphaSights. But they often don’t find quality inputs, despite their searches.
Today, these sites ask experts to fill in a form…
QuTwo, the Finnish AI lab founded by former AMD Silo AI CEO Peter Sarlin, is now valued at €325 million (approximately $380 million) after raising a €25 million ($29 million) angel round. It’s a sign of enduring tailwinds for AI, quantum computing, and sovereign tech, especially for Europe-made companies.
QuTwo’s name is a nod to quantum computing, but it hasn’t gone all in on quantum.
Marc Lore, the veteran e-commerce entrepreneur who sold his previous startups to Amazon and Walmart, has big plans to infuse AI into his current venture, Wonder.
The centerpiece of those plans is Wonder Create, an initiative that would let anyone – from food entrepreneurs…
Many companies today provide AI simply as a chatbot inside their apps: You type in (or dictate) what you want it to do, and the AI bot goes and tries to do it. Still, the experience tends to feel clunky. A text-based UI doesn’t always translate to a smooth experience; for…
Krutrim, India’s first GenAI unicorn, is shifting from AI model development to cloud services after months of relative quiet on product updates – a move that reflects the tougher economics of building large-scale AI systems.
On Tuesday, Krutrim said it was moving toward cloud services, adding that the shift follows a business overhaul in late 2025 that included reallocating capital and talent…
