Town, a San Francisco startup that gives each person at work an AI work assistant, has raised $108m in a Series B that values it at $1bn. Forerunner Ventures and Menlo Ventures co-led the round, the company announced on Monday. Existing investors a16z …
Disney expects to spend about $180m over three years on the Character.AI staff it is hiring, a bankruptcy court filing shows. The sum covers pay and retention. Character Technologies, which runs the chatbot platform, filed the papers in Delaware on 13 …
Netflix has named Peter Rice, the former chairman of Walt Disney Television, as its chief content officer. The company announced the move on Thursday. Rice will run its global content organisation, from scripted and unscripted series to film and live e…
OpenAI’s 110 staff in London received an average of about £2.3m each in 2025, counting salaries and shares. The figures come from the accounts of OpenAI UK Ltd, as Robert Booth reported for The Guardian. The staff shared £87m in salaries and £168m in s…
“Our company has more layers, more handoffs and more overhead than we need, so we are addressing this issue.” Kroger chief executive Greg Foran wrote this in a memo to staff on Monday, 12 October. The US supermarket chain will cut about 3,000 corporate…
“Providing a WBS and obtaining a license does not guarantee indefinite or ongoing access to Claude.” Accenture gave its staff that warning in an internal announcement about Claude, Anthropic’s AI model. The consulting firm now pays only $29 a month per…
“Programming is hard. So, instead of doing that, we vibe coded a new Epic Games Launcher.” Epic Games opened its launcher announcement with those lines on 14 October. Epic says the rebuilt app is faster than the old one and has a new look. It is out in…
Replit CEO Amjad Masad envisions a future of “self-driving companies,” where AI agents handle day-to-day tasks and people focus on higher-level decisions.
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