Tech
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Ferrari’s $640,000 electric car is getting roasted online—and its former chairman says it risks ‘destruction of a myth’
It’s never a good sign when your former chairman explains that he has to bite his tongue about your much-anticipated major product launch. Former Ferrari president and chairman Luca di Montezemolo was so appalled by the Luce, the Italian luxury carmaker’s first-ever electric vehicle, on Monday in Rome that he told a local TV news…
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Sweeping Silicon Valley layoffs are proof that tech CEOs are suffering from ‘AI psychosis,’ Box CEO says
There’s a growing disconnect in Silicon Valley between the corner office and the cubicles. In a recent post on X, Aaron Levie, CEO of content management platform Box, said the quiet part out loud about how his peers in the tech world fail to grasp the full scale of AI work. “CEOs are uniquely prone…
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Nela Richardson has a rare window into how AI is changing work. Her 3 takeaways should make you excited—or very frightened
The debate about what AI is doing to white-collar work has been loud, contentious, and — if you talk to Nela Richardson — almost entirely about the wrong thing. Richardson is ADP’s chief economist, which means she sits atop one of the most complete real-time pictures of American work that exists — payroll data, job…
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What’s rarer than a unicorn? Anthropic didn’t just join the Series H club, it almost became the first $1 trillion private company ever
Two weeks ago, defense startup Anduril raised a Series H round—$5 billion at a $61 billion valuation, shocking the defense world as the largest defense-tech round in history. On Thursday, Anthropic had its own Series H, but one from a different planet. In venture capital-speak, a “unicorn” is a private company valued at $1 billion…
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Tokenmaxxing is over. That’s because it never measured what really counts to see ROI from AI
Hello and welcome to Eye on AI. It’s Jeremy here, filling in for Sharon who is on vacation. In this edition…CNN sues Perplexity…IBM and RedHat form $5 billion bug patching project…Snowflake signs a $6 billion deal with AWS…and the White House gives U.S. intelligence agencies $9 billion to build their own AI chip cluster. Just…
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Exclusive: Geordie AI raises $30 million Series A to be ‘air traffic control’ for your company’s AI agents
Geordie AI, a London-based startup which provides a security and governance platform for AI agents, has raised a $30 million Series A round led by Balderton Capital. The round, which values the company at $155 million post-money, is believed to be the largest Series A round for a cybersecurity startup in Europe to date. The…
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Exclusive: Orbital Industries, startup using AI to discover exotic new materials, raises $50 million Series B funding round
Orbital Industries, a startup using AI to design advanced materials, has raised a $50 million Series B funding round led by the venture capital firm Plural. Nventures, the venture arm of AI chip company Nvidia, which had previously invested in Orbital, joined the round along with other prior investors Radical Ventures, Compound and Fly Ventures.…
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Researchers let AI models run a simulated society. Claude was the safest—and Grok committed 180 crimes and went extinct within 4 days
Imagine a world run by AI agents. What does it look like? What are the values or societal priorities? Is it a safer or more dangerous world? Enterprise AI startup Emergence AI is trying to find out. The company just launched Emergence World, a research lab dedicated to stress-testing the long-term viability of continuously-running AI…
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Salesforce turbocharges $25 billion stock buying spree with debt, cuts cash flow guidance in half
Salesforce really wants to counter the narrative that an AI-related “saaspocalypse” has endangered its growth. So, alongside its record first-quarter fiscal 2027 results on Wednesday, the cloud software giant commenced its largest-ever accelerated share repurchase at $25 billion. In doing so, the company juiced its earnings per share but cut its full-year cash flow growth…
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The U.K.’s top spy says the window to stay ahead of China and Russia is narrowing and cybersecurity needs to become ‘10 times more urgent’
Russia and China are amping up their espionage on Western nations, and there is a “narrowing window for the U.K. and allies to stay ahead,” according to Britain’s spy chief. In a rare speech Wednesday at Bletchley Park, an estate in Buckinghamshire, England, that was the center of Allied code-breaking efforts during World War II,…