AppLovin Backs Velocity As The AI Industry Looks Beyond Subscriptions For Growth
AppLovin Backs Velocity As The AI Industry Looks Beyond Subscriptions For Growth

The artificial intelligence industry has no shortage of users. The harder problem is turning that usage into a sustainable business. As generative AI applications spread across consumer and enterprise markets, developers are confronting an unusual comb…

Jack Dorsey’s Block takes on Slack with Buzz, a workspace for humans and AI agents
Jack Dorsey’s Block takes on Slack with Buzz, a workspace for humans and AI agents

Jack Dorsey’s Block wants to take on Slack. The twist is that the workforce it is building for is half machine. Its new app, Buzz, is an open-source workspace where humans and AI agents share the same channels, and every agent carries its own portable …

Google and Ford are funding a push into the trades, the jobs their AI can’t do
Google and Ford are funding a push into the trades, the jobs their AI can’t do

The four companies announced the Alliance for America’s Skilled Trades on Tuesday. The pitch is a labour shortage. The subtext is harder to miss. The number behind it Employers cannot find enough electricians, technicians, and builders. The alliance pu…

A British AI lab signed up Nvidia, Meta and Samsung to invent materials that don’t exist yet
A British AI lab signed up Nvidia, Meta and Samsung to invent materials that don’t exist yet

A two-year-old British AI lab wants to build the search engine for materials that do not exist yet. On Monday it gathered an unusual crowd to help. Cambridge-based CuspAI launched the AI Materials Foundry, a coalition of more than 45 companies and rese…

While everyone builds chatbots, SAP just closed a €1bn-plus bet on AI that understands your spreadsheets
While everyone builds chatbots, SAP just closed a €1bn-plus bet on AI that understands your spreadsheets

The AI industry is obsessed with models that write and talk. SAP has just completed a large bet on a different kind entirely, one built for structured data, as its acquisition of Prior Labs closed. The deal is now done, with regulatory approvals secure…

Airbus is moving its most critical apps off AWS to a French cloud
Airbus is moving its most critical apps off AWS to a French cloud

Airbus is pulling some of its most sensitive systems off Amazon Web Services and onto a European cloud. The aerospace group has picked French provider Scaleway to host them, Scaleway said. The move covers the applications Airbus needs to keep running a…

Fireworks raised $1.5bn on a bet that companies will build AI, not rent it
Fireworks raised $1.5bn on a bet that companies will build AI, not rent it

The AI economy has run on a simple habit: rent a model from a big lab. Fireworks just raised $1.5bn to argue the opposite, that every company will build intelligence of its own. The Series D values the San Mateo startup at $17.5bn, it said. Atreides Ma…

Bunkerhill Health raised $55M to put AI agents to work inside hospitals
Bunkerhill Health raised $55M to put AI agents to work inside hospitals

The hard part of medical AI was never the model. It was getting a hospital to actually run it. Bunkerhill Health has raised fresh money to close that gap. The startup closed a $25m Series B led by Khosla Ventures, it told Fortune in an exclusive. That …

Oak raised $60M to give every user, machine, and AI agent one identity system
Oak raised $60M to give every user, machine, and AI agent one identity system

Most companies still cannot say who, or what, has access to their systems at any given moment. Oak, an Israeli startup, has raised $60M to fix that, and it is betting AI agents make the problem urgent. The company came out of stealth with the seed roun…

Anthropic and Blackstone bet the next fortune in AI is implementation, not models
Anthropic and Blackstone bet the next fortune in AI is implementation, not models

The race in AI has been about who builds the best model. A new company backed by Anthropic thinks the real money sits elsewhere: in getting those models to actually work inside big companies. That company is Ode with Anthropic, and it launched under it…