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
AMAZON
Zoox has shown its safety workings, three weeks after recalling every robotaxi it owns
The framework is built on analysis rather than mileage, because Zoox has three million miles and Waymo passed a hundred million more than a year ago
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