ServiceNow, the American enterprise software company known for automating workflows such as IT service management and HR operations, is banking 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 company at $700 million and taking a stake of
Ukrainian defense company SkyFall said Wednesday that it has developed an interceptor drone capable of shooting down Russian Shaheds, a class of much faster attack drone that Moscow uses more regularly. The P1-SUN JetKiller is designed with a maximum flight speed of 370 kmph or 230 mph, at maximum altitudes of 9,000 meters or approximately
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.
Nearly 200 Silicon Valley companies, including Proton and Y Combinator, are urging the Trump administration not to cut off access to open-source Chinese AI models or risk crippling the next generation of American startups. On Wednesday, the newly formed Little Tech Association sent letters to President Donald Trump, Commerce Secretary Howard Lutnick and other members
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
Tesla has some numbers to tout its progress on Robotaxi. CEO Elon Musk and other executives said during Tesla’s second-quarter earnings conference call Wednesday that the company continues to expand its autonomous ride-sharing platform, adding more cities and more unattended rides. Since Tesla first launched Robotaxi in June 2025 with a small fleet of Model
