ServiceNow, the U.S. enterprise software company known for automating workflows like IT service management and HR operations, is betting on an Indian banking software specialist to deepen its push into global financial services. The company has invested $40 million in BusinessNext, valuing the 24-year-old Indian firm at $700 million and taking a roughly 5% stake.

It’s been a big year for AI acquisitions — so big that most of them barely register anymore. Anthropic and OpenAI have each gone on buying sprees, snapping up developer tooling, AI services shops, and product-testing startups to convert model capability into enterprise revenue and extend their reach faster than the other. Which is what

Anthropic can finally start cutting checks to a group of authors and book publishers that sued the AI lab over copyright infringement. A federal judge gave final approval Monday of Anthropic’s landmark $1.5 billion settlement of a class action copyright lawsuit, Reuters reported. Judge William Alsup of the U.S. District Court for the Northern District

In a new regulatory filing, Netflix revealed that it paid $587 million in cash for InterPositive, a startup co-founded by actor and director Ben Affleck. The streaming company announced the acquisition in March, with a statement from Affleck saying he wanted to “protect the power of human creativity.” According to Affleck, InterPublic’s AI tools help

Waymo says robotaxi service has resumed after it made “temporary adjustments” in San Francisco amidst a power outage that appears to have affected around 7,000 PG&E customers in the city. According to a screenshot posted on social media, Waymo told SF customers that service was “temporarily paused” and that “freeway routes are unavailable.” When TechCrunch

In late May, Neil Rimer said something during a sit-down I had with him in Athens that I haven’t been able to shake. At a vibrant new tech festival in the city, talking about the wealth piling up around AI, he said he has “a strong sense that there will be some sort of a

It turns out that even San Francisco mayor Daniel Lurie, who once declared that the city should be a testbed for emerging tech, has his limits. Especially when that emerging tech creates a massive hours-long traffic jam that leaves thousands at a standstill. Mayor Lurie has asked state regulators to bolster rules for autonomous vehicles

Applied Computing, a London-based startup that’s building a foundation AI model for the oil, gas, and petrochemical industry, has raised a $20 million Series A led by engineering giant KBR, with Databricks Ventures participating. Founded in 2023, the startup targets oil, gas, refining, and petrochemical systems, where a single facility can have thousands of sensors

Miles Wang, an OpenAI researcher whose work includes using AI to accelerate scientific and biological discovery, is leaving the ChatGPT maker to launch a new startup focused on developing AI models for drug discovery, according to four people with knowledge of his plans. Several other OpenAI researchers are expected to join the new company.  

A pattern is emerging among people who’ve already made it big. They’re rolling up their sleeves again, seemingly out of fear of missing AI’s defining moment and, presumably, the irresistible allure of making even more money — potentially a lot more. Tom Blomfield, who co-founded GoCardless and Monzo before spending 4.5 years mentoring founders as