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
Databricks announced a new funding round Thursday that values the company at $188 billion. The round was led by Coatue. Databricks did not reveal exactly how much it raised; He said the money is not yet in his hands and the round will close later this summer. (Other outlets have since reported the increase to
