Kling Raises $2 Billion Ahead of Hong Kong IPO Plans
Kling, Kuaishou's AI video unit, raised $2.04 billion in funding, boosting its valuation to $18 billion.
Business
530 articles
The business of AI — funding rounds, acquisitions, enterprise adoption, and market moves. Who is investing, who is partnering, and how AI is reshaping company strategy and the wider economy.
LATEST NEWS
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Meta's Zuckerberg Says AI Agents Lag Behind Expectations
Meta CEO Mark Zuckerberg told staff in a town hall that AI agent development hasn't accelerated as expected, despite significant investment and workforce reallocation.
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Microsoft Launches Frontier Company to Embed 6,000 AI Engineers in Enterprises
Microsoft is investing $2.5 billion in a new unit to embed 6,000 AI engineers within enterprise clients to drive AI integration.
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SpaceX Acquires Cursor for $60 Billion
SpaceX agreed to acquire Cursor for $60 billion, raising questions about whether the AI coding tool will remain open to third-party models.
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Woodside Energy Uses AI to Optimize Industrial Operations
Woodside Energy, a global energy producer, is integrating agentic AI systems into its operations to enhance safety, efficiency, and decision-making processes.
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AI Integrates With Process Excellence to Boost Operational Efficiency
The AI-powered process optimization market is projected to exceed $113 billion within the next decade, according to industry estimates.
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OpenAI proposes 5 percent stake in US to counter AI backlash
OpenAI CEO Sam Altman is in early talks with the Trump administration about the US acquiring a 5 percent stake in the company to counter growing public skepticism about AI.
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Microsoft Launches AI Deployment Company With $2.5 Billion Commitment
Microsoft announced a new business focused on enterprise AI deployments, backed by a $2.5 billion investment and 6,000 experts.
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OpenAI Offers Trump Admin 5% Stake in Company
OpenAI reportedly proposes a 5% stake to the Trump administration, valued at over $40 billion at an $852 billion valuation.
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Meta Introduces Subscription for Smart Glasses Features
Meta now requires a subscription for advanced features on its smart glasses, with a monthly cap of 15 hours for Conversation Focus.
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Venice AI Secures $65M Series A at $1B Valuation
Venice AI, a privacy-first AI platform, raised $65 million in Series A funding at a $1 billion valuation, marking its first external investment round.
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San Francisco's AI Boom Drives Rent Beyond $5,000 for Tech Workers
San Francisco's AI boom is pushing rents beyond $5,000, with tech workers earning over $180,000 struggling to find affordable housing.