The money gusher for marquee AI companies (and others) kept, well, gushing this week, led by Anthropic raising $13 billion at a $183 valuation.
Mistral reportedly is raising at a $14 billion valuation, and OpenAI bought Statsig for $1.1 billion. That’s in addition to big rounds by AI agent startup Sierra, AI search hopeful You.com, AI inference software startup Baseten and AI back-office automation firm LayerX. Not to mention big deals: Atlassian is buying AI browser startup The Browser Company for $610 million — seems like everybody thinks they need a browser now.
Google escaped a big antitrust threat as a judge ruled it doesn’t have to divest its Chrome browser and can still do search deals with Apple and others, just not exclusive ones. The reason for the mild ruling: AI is already leveling the “find stuff on the internet” playing field.
Broadcom’s AI sales fueled growth that investors liked. HPE likewise rose thanks to strong AI server sales plus a networking boost from its long-delayed Juniper acquisition. On the AI flip side, even though Salesforce beat estimates, worries that AI could replace its software-as-a-service apps kept investors negative. But UiPath, often seen in AI’s gunsights, saw no such issue as AI also boosted its fortunes. Oracle and a few others report next week.
Cato Networks and Varonis bulked up with acquisitions as cyber consolidation continues. But so did big fundings such as ID.me’s new $340 million round this week at a $2.2 billion valuation.
Former Amazon Web Services CEO Adam Selipsky surfaced as a new adviser on AI infrastructure at KKR. Lots of other executives moved around too this week, including new CEOs at C3 AI, Rackspace and Mixpanel.
Quantum computing continues to draw more investor interest as Honeywell’s Quantinuum raised $600 million at a stunning $10 billion valuation and Finland’s IQM Quantum raised $320 million.
Here’s all the enterprise and emerging tech news, views and analysis this week from News and beyond:
AI and data: No trough of disillusionment just yet
Food for thought
Dave Vellante digs into the math behind Nvidia’s business model and modern AI economics: Breaking Analysis: Reframing Jensen’s Law: ‘Buy more, make more’ and AI factory economics
AGI may not be the best goal for AI companies, or their enterprise customers: China has a different vision for AI. It might be smarter (per Wall Street Journal)
Money matters
Anthropic triples valuation to $183B in new $13B funding round
Mistral set for $14B valuation with new funding round (per Bloomberg)
OpenAI buys software testing startup Statsig for $1.1B and creates a new role for its CEO
OpenAI set to start mass production of its own AI chips with Broadcom (per Financial Times)
OpenAI boosts size of secondary share sale to $10.3 billion (per CNBC)
Atlassian acquires AI browser developer The Browser Company for $610M
CoreWeave to acquire OpenPipe, leader in reinforcement learning
Nvidia acquires coding startup Solver (per The Information)
AI agent startup Sierra reportedly raising funding at $10B valuation
You.com raises $100M to help developers build AI applications
LayerX uses AI to cut enterprise back-office workload, scores $100M
Nvidia backs $85M round for AI search startup Exa
Augment raises $85M to expand AI ‘teammate’ for logistics
HappyRobot secures $44M to automate supply chain communications with AI agents
Ketryx raises $39M to help medical device makers ship safer products faster
Predoc raises $30M to scale AI health information management platform
Agentic AI identity verification startup Vouched gets $17M to build trust in autonomous agents
Intella raises $12.5M to scale its Arabic speech intelligence platform
ArcaScience raises $7M to expand AI benefit risk platform in drug development
New models and services
OpenAI previews new safety features for ChatGPT
Neo4j unifies real-time transactions and graph analytics at scale
HubSpot’s 200+ product blitz aims to power hybrid human-AI teams
Visa introduces new tools for developers building AI agents engaged in commerce
Lanai’s edge-based observability agents aim to seek out and shut down shadow AI
Stardog’s ‘hallucination-free’ answer engine brings AI insights to high-stakes industries
Wisdom AI debuts agentic data analysts to deliver a continuous stream of business insights
SUSE teams up with Avesha to streamline AI deployment with optimized GPU-based infrastructure
Policy
China’s top social media platforms take steps to comply with new AI content labeling rules
Disney agrees to pay FTC $10 million over YouTube videos for children
No end to tech’s shameless sucking up to this administration: Melania Trump invites tech CEOs to White House to inaugurate education AI task force
There’s even more AI and big data news on News
Around the enterprise: Google dodges an antitrust bullet
Policy
In major antitrust ruling, Google gets to keep Chrome and Android but still faces lesser penalties
US limits TSMC’s ability to send chipmaking equipment to its fabs in China
Anthropic to stop selling AI services to majority Chinese-owned groups (per Financial Times)
Earnings
Salesforce beats expectations but its stock falls on weak guidance and fears over AI
HPE’s stock inches higher on strong AI server sales and networking boost
Broadcom’s stock surges to all-time high after $10B in new AI chip orders
UiPath tops expectations and swings to a profit on solid AI momentum
Zscaler tops Wall Street estimates with higher earnings and revenue
GitLab delivers solid quarter with revenue up 29%, but guidance and CFO exit weigh on stock
C3.ai’s stock crumbles on ‘unacceptable’ results, but new CEO promises to turn things around
PagerDuty shares dip as second-quarter revenue falls short and outlook disappoints
Asana earnings beat, revenue tops estimates, stock up 9%
Figma shares slide as first post-IPO results miss profit expectations
Sprinklr stock falls as Q2 profit falls short but revenue surpasses estimates
Chipmaker Ambiq Micro’s stock tanks on disappointing post-IPO results
Docusign tops Wall Street expectations with strong earnings results
Samsara stock jumps after strong earnings and revenue beat
More money matters
Nvidia-backed cloud provider Lambda hires banks for IPO (per The Information)
Kong acquires OpenMeter to power API and AI monetization
New products and services
New secondary sale reportedly values Revolut at $75B
Report: OpenAI plans to build 1GW+ data center in India
We have lots more news on cloud, infrastructure and apps
Cyber beat: Consolidation keeps rolling
Money matters
Cato Networks acquires Aim Security to expand AI security capabilities
Varonis acquires SlashNext to boost phishing and social engineering defenses
Identity verification startup ID.me raises $340M at $2 billion valuation
Cybersecurity startup Sola Security closes $35M round backed by Microsoft
EC-Council invests $20M+ in FireCompass to expand AI offensive security
Attack & response
Breach of Salesloft Drift integration exposes data at Cloudflare, Zscaler and Palo Alto Networks
Apiiro report finds AI code assistants increase developer speed but heighten security risk
Vidar infostealer gains traction among cybercriminals as ease of use drives adoption
New services
Palo Alto Networks gets ready for an AI-centric world with Prisma SASE 4.0
Addigy launches Apple-focused security suite with real-time compliance
Detectify expands AppSec platform with new API scanning capabilities
More cybersecurity news here
Elsewhere in tech: The quantum funding boomlet
Quantum computing firm Quantinuum raises $600M at a $10B pre-money valuation
IQM Quantum targets US expansion and 1 million-qubit scale after raising $320M
Crypto startup Utila raises $22M to build institutional stablecoin infrastructure
Phasecraft secures $34M to accelerate practical quantum computing solutions
And check out more news on emerging tech, blockchain and crypto and policy
Comings and goings
KKR appointed former Amazon Web Services CEO Adam Selipsky senior technology and AI strategy adviser to make it “the world’s leading AI infrastructure investor.”
Enterprise AI firm C3 AI named a new CEO to replace Tom Siebel, who’s stepping down after disclosing health issues in July: Stephen Ehikian, most recently President Trump’s appointee as acting administrator of the General Services Administration.
Hybrid cloud provider Rackspace tapped Hitachi veteran Gajen Kandiah as new CEO, succeeding Amar Maletira, who becomes vice chairman.
Data analytics platform Mixpanel named former Plaid President Jen Taylor CEO, succeeding Amir Movafaghi, who was in the job for nine years.
Mike Liberatore, xAI’s CFO, stepped down after only a few months in the job (per the Wall Street Journal).
Brian Robins will step down as GitLab CFO Sept. 19 to pursue another opportunity. Vice President of Finance James Shen will be interim CFO.
Digital operations management firm PagerDuty appointed Todd McNabb chief revenue officer.
Kubernetes management platform Komodor appointed Snir Amsalem VP of R&D.
Storage software provider Scality named Tom Leyden VP of product marketing and enterprise go-to-market.
What’s next
Events
Looking ahead: Sept. 15-18: CrowdStrike Fal.Con, Las Vegas and virtual. TheCUBE will be onsite Sept. 16-17 for interviews and analysis, and News will have the news.
Earnings
Tuesday, Sept. 9: Oracle, Rubrik, Synopsys, SailPoint
Thursday, Sept 11: Adobe
Image: News/Ideogram
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