Databricks Closes $5 Billion Round at $190 Billion Valuation
Artificial Intelligence
DeepSeek built a Claude Code rival, then quadrupled its prices
Artificial IntelligenceLatest news
BUSINESS
Canva’s backers cut $7.1bn from its valuation, and its own valuer cut more
Blackbird and Airtree have cut the Canva valuation by $7.1bn, and Canva's own internal mark has fallen further still. Both moves follow a revenue downgrade the company blames on the soaring cost of running frontier models.
AMAZON
Joshua Kushner’s Thrive Capital Discloses $215 Million Amazon Stake
A $215mn Amazon position turns a venture firm's most valuable private bet into something it can sell on any given morning
ARTIFICIAL INTELLIGENCE
Target appoints its first chief AI officer as retailers scale up AI spending
Chandhu Nair joins from Lowe's on August 24, into a job that barely existed two years ago and now sits in three quarters of large organisations
GOOGLE
A judge just told Google to stop making rival app stores hard to install
Judge James Donato told Google to strip the extra taps and warning screens that sit between users and rival Android stores. The Epic v Google compliance order gives the company a week, and it followed a courtroom demo that returned Walmart.
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