Israeli workplace software maker Monday.com is laying off hundreds of employees as part of a restructuring plan to refocus its investments on artificial intelligence projects. The company said it is reducing its workforce by 20%, or about 630 employees, to “support a more agile and focused operating model” while focusing on its AI workplace platform.
Anthropic jumped to a revenue rate of $47 billion in May, up from $9 billion in 2025. It’s the kind of growth Menlo Ventures’ Matt Murphy says he’s never seen in 25 years of investing, not in the Internet wave, not in mobile, not in the first cloud boom. Menlo led Anthropic’s $500 million Series
As social media has evolved from a place to connect with friends to full-scale entertainment platforms, a startup called Yope is quietly building what it believes will be the future of online connection: social networks without algorithms, without ads, and without public content. Yope’s app, now backed by a $12.3 million round led by Northzone,
Travis Kalanick’s robotics company Atoms has raised $1.7 billion in a funding round led by Andreessen Horowitz. Ben Horowitz will join the company’s board of directors following the investment. Bain Capital, Fifth Wall and others participated in the round. Perhaps most notably, Uber also joined the funding round, reconnecting Kalanick with the company he founded,
On Tuesday, OpenAI revealed that one of its models went rogue during a test and hacked the systems of AI dataset platform Hugging Face in a fully AI-enabled attack, a dramatic example of the dangers posed by advanced AI models. But, according to some cybersecurity experts, at the center of this unprecedented AI-driven breach was
A day after Snap reached a tentative settlement with the plaintiff in a social media addiction lawsuit, leaving Meta as the only remaining defendant, the case was dropped. In a statement, Meta said the plaintiff decided to drop his case against Meta without receiving any payment. TikTok and Google’s YouTube had previously reached settlement agreements
