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
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.
On Wednesday, IBM officially reported its earnings and the news was as bad as everyone knew it would be. While the 115-year-old company still generates large amounts of cash ($17.2 billion in revenue, $9.9 billion in gross profit, nearly 58% margins and $2.2 billion in net profit for the quarter), its results fell well short
As AI chips become more powerful (and hotter), data centers are turning to liquid instead of air to cool servers. For newer AI systems, fans alone cannot remove enough heat. That change has created a new problem: preventing the coolant from degrading or becoming contaminated. Omen AI announced a $31 million funding round in June
For years, Synthesia’s pitch was to use AI to help companies create interactive training videos, in minutes, for a fraction of the cost typically associated with developing corporate educational materials. The startup’s newest product is making a different bet: that the real moat of enterprise AI is not just generating content, but proving that it
On Tuesday, Google DeepMind released Gemini 3.6 Flash, 3.5 Flash-Lite, and 3.5 Flash Cyber. Gemini 3.6 Flash is Google’s “workhorse model” that promises improved capabilities in coding, knowledge work, and multimodal performance while reducing token usage by up to 17%, making it cheaper than its predecessor 3.5 Flash. Gemini 3.5 Flash-Lite is the most cost-effective