Enterprises are ditching expensive, powerful AI models in favor of cheaper alternatives, with Anthropic's most advanced model capturing just 6% of token spend despite leading adoption, signaling a hard cost ceiling that threatens the scaling-law strategies powering Silicon Valley's biggest AI labs.
Databricks raises $5 billion in fresh funding, catapulting its valuation to $190 billion as the AI data powerhouse surpasses $7 billion in annual revenue run rate with over 80% year-over-year growth, fueled by explosive demand for AI agents and enterprise platforms.
Databricks surges to a $7B revenue run-rate with 80% year-over-year growth and closes a massive $5B funding round at a $190B valuation, as the company aggressively expands its AI agent infrastructure with Lakebase, Genie, and Unity AI Gateway.
PGlite delivers a fully functional Postgres database directly in browsers and JavaScript runtimes as a tiny 3MB WASM package, supporting persistent storage, pgvector, PostGIS, and zero dependencies.
OpenAI's finance team is ditching spreadsheets for real-time AI-powered forecasting, pushing toward a zero-day close where live tools give leaders an instant, reconciled view of financial data while transforming finance professionals into builders who create custom dashboards using ChatGPT and Codex.
A sophisticated wave of cyberattacks is hitting major Wall Street hedge funds, including Two Sigma, Citadel, and Point72 Asset Management, with Point72 notifying investors Wednesday that it was targeted, though no client data appears to have been stolen as investigations remain ongoing.
The UK job market is in crisis as postings plunge 32% below pre-pandemic levels, with youth unemployment at a decade high, while AI reshapes hiring demand — rewarding AI-fluent workers as a record 9.4% of job postings now mention artificial intelligence.
The UK graduate job market has plummeted to a 5-year low as employers slash entry-level hiring in favor of AI-fluent experienced workers, creating a stark divide between candidates who can leverage artificial intelligence and those who cannot.
Intelligence raises $7.9M in seed funding led by Index Ventures to scale Design Arena, a human-feedback platform where 5.3 million users compare AI-generated visuals, already generating $60M ARR by selling crowdsourced evaluation data to frontier AI labs.
A groundbreaking PwC survey of 1,000+ US finance executives reveals 86% now value AI training over an MBA for new hires, signaling a seismic shift in how the financial sector prioritizes talent and credentials.