Business & Industry

Anthropic's Series H puts it within striking distance of a $1 trillion valuation on $47 billion run-rate revenue, with Altimeter, Sequoia, GIC, and two dozen other institutions as backers.

EA shareholders approved the $55B PIF-led acquisition in late December; Canadian union CWA Canada has urged Ottawa to review the deal under the Investment Canada Act.

Nvidia's Q1 FY2027 results set new company records across revenue, net income, and free cash flow, driven by Blackwell GPU demand and a near-tripling of networking revenue.

A cooling system failure in a single Northern Virginia availability zone triggered a 20-hour AWS outage that physically damaged EC2 and EBS hardware and brought down core trading services at Coinbase.

Spotify and UMG announced a licensing deal enabling Premium users to create AI-generated covers and remixes of participating artists' songs, with revenue shared back to rights holders.

Bengaluru startup Scapia has closed a $63M Series C led by General Catalyst at a post-money valuation exceeding $500 million, more than doubling its $200 million valuation from April 2025.

The AI startup founded by Figure AI's CEO closed an oversubscribed round led by Parkway Venture Capital, with Nvidia, AMD, Intel, and Qualcomm among the backers.

The fintech platform for startups closed a TCV-led Series D valuing it at $5.2 billion, weeks after securing conditional OCC approval to become a national bank.

ServiceNow unveiled Otto, Action Fabric, and an expanded AI Control Tower at Knowledge 2026, repositioning itself as a unified governance layer for every AI agent across the enterprise.

Voice AI infrastructure startup Vapi closes a $50M Series B led by Peak XV at a ~$500M valuation after surpassing 1 billion calls, with Amazon Ring routing 100% of its inbound volume through the platform.

FT and Bloomberg report NextEra is in discussions to buy Dominion in a mostly stock deal that would form a $400 billion utility, expanding into PJM and Northern Virginia's data center cluster.

GitLab disclosed a reduction in force on May 11, plans to shed up to 30% of its country footprint, remove up to three management layers, and reorganize R&D into roughly 60 teams by June 1.