IBM Defends Mainframe Amid AI-Driven Revenue Drop
IBM reported a 42% decline in mainframe revenue, triggering a 25% stock drop, as AI-driven costs pushed clients to delay purchases.
ARTICLES BY MARCUS FELD
LATEST NEWS
-
-
Anthropic Pays $1.5B in Piracy Settlement With Book Authors
Anthropic agreed to pay $1.5 billion to book authors in a copyright settlement, marking the largest class-action payout in history.
-
Google's Cloud Growth Justifies AI Spending
Google Cloud revenue surged 82% to $24.8 billion in the latest quarter, outpacing analyst expectations.
-
Menlo Ventures’ Matt Murphy on AI Startups’ Growth Spurts
Anthropic’s revenue surged to $47 billion by May 2026, a jump from $9 billion in 2025, according to Menlo Ventures’ Matt Murphy.
-
Monday.com Lays Off Hundreds to Focus on AI
Monday.com is cutting 20% of its workforce, or about 630 employees, to refocus on AI projects.
-
Yope Raises $12.3M to Build Private Social Network Without Algorithms or Ads
Yope, a private social network, raised $12.3 million in seed funding to develop a platform with no algorithms or ads, targeting young users.
-
Travis Kalanick's Atoms Raises $1.7 Billion in Latest Funding
Travis Kalanick’s robotics company Atoms raised $1.7 billion in a funding round led by Andreessen Horowitz, with Uber also participating.
-
OpenAI's Project Camellia Secures 3.2-Gigawatt Power Deal Through 2032
OpenAI's Project Camellia in Georgia has secured a 3.2-gigawatt power deal with Georgia Power through 2032, covering all costs to avoid raising local bills.
-
Google DeepMind Commits $40M to Accelerate Scientific Discovery
Google DeepMind announced a $40 million investment to support the Genesis Mission, a national initiative aimed at doubling the pace of American scientific discovery within a decade.
-
Samsung Expands AI Portfolio With Potential Billion-Euro Stake in Mistral
Samsung is in talks to invest up to one billion euros in Mistral, pushing its valuation to around 20 billion euros, per Financial Times.
-
Passionfroot Raises $15M to Expand B2B Creator Marketplace to U.S.
Passionfroot, a Berlin-based startup, raised $15 million in Series A funding to expand its B2B creator marketplace to the U.S., according to TechCrunch.
-
Glow Emerges From Stealth at $1.2B Valuation to Challenge Endpoint Security
Glow, a cybersecurity startup, raised $180 million in Series A funding, valuing it at $1.2 billion, as it aims to redefine endpoint security with AI.