Tech
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Bending Spoons, the Italian app acquirer behind AOL, Evernote, Vimeo, and WeTransfer, files for a U.S. IPO
Bending Spoons, the Milan-based technology company that has built a sprawling portfolio by buying up well-known but underperforming digital apps and overhauling them, filed paperwork on Monday for an initial public offering in the United States—offering the public its first detailed look at the finances powering its acquisition spree. The company’s revenue grew 95% year…
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Why Lightspeed and Wiz’s Assaf Rappaport bet $37 million on an AI-powered cyberattacker
Mock cyber attacks used to cost about $30,000, take two weeks, and tell companies what their defenses looked like six months ago. Then Anthropic’s Mythos showed up, exposing thousands of zero-day vulnerabilities. A (yes, as in the letter) uses AI to continuously break into its own customers’ systems—finding real attack paths and fixing them—before actual…
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Nvidia’s CEO says new Vera chip will use SK Hynix’s memory chips
Nvidia Corp. Chief Executive Officer Jensen Huang said its new Vera central processing units will use SK Hynix Inc.’s memory chips as the two companies prepare to do more business in the coming year. “We had a very big year this year with SK Hynix, and we are preparing for a very, very large second…
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Trump stunned as stocks fall on great jobs report. Barclays explains why ‘we are entering the warning zone’
The U.S. jobs market had a fantastic May, with payroll gains nearly double what analysts expected. While economists cheered, the AI trade shriveled, sending the Nasdaq down 4%, the worst day in over a year, and the S&P down another 1.2%. The reaction confused the White House. “With a great Jobs Report, like just announced,…
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OpenAI readies ‘superapp’ pivot ahead of planned IPO, FT reports
OpenAI is readying a major platform overhaul ahead of its highly anticipated IPO later this year to better compete with rivals such as Anthropic, the Financial Times reported. The San Francisco-based company plans to transform ChatGPT from a standard question-and-answer chatbot into a comprehensive “superapp,” with changes set to roll out in the coming weeks,…
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Banks lay groundwork for mass workforce cuts as AI takes hold
In the hope he’ll land a job in finance, Andre Bonnick spends hours rehearsing what he’s going to say. He’s using key words from job listings, making eye contact — following advice he’s gotten from recruiters. But Bonnick, a student at Warwick University, isn’t preparing to talk to a human hiring manager. He’s tackling initial…
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AI’s mega stock deals raise specter of more shares than buyers
A flood of new shares from companies looking to fund their artificial intelligence ambitions is raising questions on Wall Street about whether there will be enough buyers to soak them all up and what this pile of fresh equity will mean for stock prices more broadly. Initial public offerings from SpaceX, Anthropic and OpenAI in…
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Anthropic CEO Dario Amodei spends 40% of his time on culture, not AI—including a biweekly ‘vision quest’ where he ditches ‘corpo speak’
Anthropic CEO Dario Amodei says the most important thing he does each day has nothing to do with training AI models or shipping products. Instead, he spends almost half his time working on company culture, he said. “I probably spend a third, maybe 40%, of my time making sure the culture of Anthropic is good,”…
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Former AI czar calls Sanders’ proposal for government equity a ‘stupidity tax’ and warns against nationalization as Trump mulls public stakes
The Trump administration’s former AI czar sounded the alarm on giving the federal government equity stakes in top AI companies, while his former boss hinted favorably at the idea. In an X post on Friday, David Sacks said he’s not a fan of Sen. Bernie Sanders’ bill that would establish 50% government ownership in AI…
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Bernie Sanders and Sam Altman’s private one-hour meeting about the public ownership of AI
It was perhaps a surprising private overture from OpenAI CEO Sam Altman to Sen. Bernie Sanders. The meeting between the two had come just after the Vermont senator announced a plan for the public to take a 50% ownership stake in artificial intelligence companies such as OpenAI, using their stock to create a public wealth…