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Oracle shares surge 4% after securing 2.8 GW Bloom Energy deal for AI data centers

Oracle extended its rally with a 4% gain following an expanded partnership with Bloom Energy to procure up to 2.8 gigawatts of fuel cell capacity for AI-driven data centers. The deal addresses critical power constraints in AI infrastructure buildout and includes a $400 million warrant, reflecting Big Tech's strategic shift toward securing reliable energy supply alongside computing capacity.

Business3 sources

Oracle shares surge 4% after securing 2.8 GW Bloom Energy deal for AI data centers

Business3 sources

DEEPX AI chip startup eyes IPO after $408M funding round, expands Hyundai robotics partnership

South Korean AI chip startup DEEPX is preparing for an IPO after raising over $408 million in its ongoing funding round. The company is expanding its partnership with Hyundai Motor Group to develop a generative AI computing platform for robots using its next-generation low-power chips, positioning itself as a key player in Seoul's push to become an AI leader.

Technology3 sources

DEEPX AI chip startup eyes IPO after $408M funding round, expands Hyundai robotics partnership

Technology3 sources

Anthropic draws $800 billion offers as OpenAI faces investor scrutiny over strategic shifts

Anthropic has received investor offers valuing the AI startup at $800 billion, more than doubling its February valuation, as its revenue surged to $30 billion. Meanwhile, OpenAI's $852 billion valuation faces questions from its own backers over strategic pivots and accounting disputes. The rivalry highlights intensifying AI competition in the enterprise market.

Business10 sources

Anthropic draws $800 billion offers as OpenAI faces investor scrutiny over strategic shifts

Business10 sources

UBS downgrades ServiceNow as AI disruption threatens enterprise software spending budgets

UBS downgraded ServiceNow from buy to neutral, slashing its price target to $100 from $170, citing growing concerns that AI disruption poses a bigger threat than previously believed. The investment bank now hears that over half of enterprise customers are containing non-AI software spend as AI infrastructure investments crowd out traditional software budgets.

Business2 sources

UBS downgrades ServiceNow as AI disruption threatens enterprise software spending budgets

Business2 sources

Anthropic's Claude Mythos AI model triggers sharp selloff in US software stocks

US software stocks tumbled as Anthropic restricted access to its powerful Claude Mythos AI model due to cybersecurity concerns. The model has already identified thousands of vulnerabilities in major operating systems and browsers, intensifying fears about AI disruption to traditional software companies and sparking a 3.1% drop in the S&P 500 Software index.

Business3 sources

Anthropic's Claude Mythos AI model triggers sharp selloff in US software stocks

Business3 sources

Perplexity revenue surges 50% as startup pivots from search to AI agents

AI startup Perplexity reported a 50% revenue jump in just one month, reaching over $450 million in annual recurring revenue by March 2025. The surge comes as the company executes a strategic pivot to AI agents from its original chatbot-style search engine, introducing usage-based pricing alongside its new Perplexity Computer tool that performs tasks autonomously.

Business4 sources

Perplexity revenue surges 50% as startup pivots from search to AI agents

Business4 sources

AI firms face scrutiny as Annual Recurring Revenue becomes Silicon Valley's least trusted metric

Silicon Valley's AI firms are increasingly questioned over their Annual Recurring Revenue figures, with startups taking liberties in how they calculate and report the metric. A recent controversy involving Cluely's CEO admitting to lying about ARR numbers has highlighted how the metric has become one of the least trusted yardsticks for measuring startup growth, despite its widespread use across companies like OpenAI and Anthropic.

Business2 sources

AI firms face scrutiny as Annual Recurring Revenue becomes Silicon Valley's least trusted metric

Business2 sources

Spain's Xoople raises $130 million Series B to map the Earth for AI, reaching unicorn status

Madrid-based geospatial data company Xoople has raised $130 million in Series B funding led by Nazca Capital, bringing total funding to $225 million and pushing its valuation into unicorn territory. The company is building a satellite constellation with L3Harris Technologies to deliver Earth surface data designed specifically for AI models, targeting enterprise platforms like Microsoft Azure and Esri.

Startups2 sources

Spain's Xoople raises $130 million Series B to map the Earth for AI, reaching unicorn status

Startups2 sources

Nvidia-backed Firmus hits $5.5B valuation with $505M raise, eyes $2B ASX IPO in June

Australian AI data center company Firmus has raised $505 million led by Coatue at a $5.5 billion valuation, bringing total capital raised to $1.35 billion in six months. The Nvidia-backed startup is now targeting a $2 billion IPO on the Australian Securities Exchange in June or July, supported by a $10 billion Blackstone debt facility to build AI infrastructure across Australia.

Startups6 sources

Nvidia-backed Firmus hits $5.5B valuation with $505M raise, eyes $2B ASX IPO in June

Startups6 sources

Elon Musk requires banks working on SpaceX IPO to purchase Grok AI subscriptions

Elon Musk is requiring investment banks, law firms, and advisors working on SpaceX's initial public offering to buy subscriptions to Grok, his artificial intelligence chatbot. Some banks have agreed to spend tens of millions of dollars and begun integrating the AI into their IT systems. The SpaceX IPO could raise $75 billion at a valuation above $2 trillion, making it potentially the largest stock market listing in history.

Business12 sources

Elon Musk requires banks working on SpaceX IPO to purchase Grok AI subscriptions

Business12 sources

SpaceX files for IPO with $2 trillion valuation target, merging space exploration and AI ambitions

Elon Musk's SpaceX has confidentially filed for what could become the largest IPO in history, targeting a valuation exceeding $2 trillion. The company, now merged with xAI, plans to raise up to $75 billion to fund ambitious projects including orbital data centers, Starship development, and a lunar base.

Business3 sources

SpaceX files for IPO with $2 trillion valuation target, merging space exploration and AI ambitions

Business3 sources

Europe stakes claim in humanoid robots tech race with €1 billion Neura Robotics funding

Europe positions itself as a contender in humanoid robot technology despite lagging in AI and electric vehicles. Sweden's Hexagon AB tests humanoids at BMW while Germany's Neura Robotics secures €1 billion from Amazon and Qualcomm, valuing the startup at €4 billion. European automotive suppliers pivot to this nascent market projected to reach trillion-dollar scale by 2035.

Technology2 sources

Europe stakes claim in humanoid robots tech race with €1 billion Neura Robotics funding

Technology2 sources

OpenAI closes $122 billion funding round amid fierce AI competition and profitability questions

OpenAI secured $122 billion in the largest Silicon Valley funding round ever, reaching an $852 billion valuation. But the ChatGPT maker faces mounting pressure from rivals like Anthropic and Google while racing toward profitability. The company is pivoting to enterprise revenue and coding tools while planning a unified AI superapp and potential IPO by year-end.

Startups19 sources

OpenAI closes $122 billion funding round amid fierce AI competition and profitability questions

Startups19 sources

Eric Jackson shorts Salesforce and four other software stocks, citing AI Paradox research

Hedge fund founder Eric Jackson announced short positions in five major software companies after analyzing 716 earnings calls. His research reveals an AI Paradox: companies mentioning AI most frequently underperform peers by 5.4 percentage points over 90 days, suggesting AI buzzwords mask underlying threats from AI automation rather than signal genuine business growth.

Business2 sources

Eric Jackson shorts Salesforce and four other software stocks, citing AI Paradox research

Business2 sources

AI-led selloff in contract research firms may overestimate disruption risk to CRO industry

Shares of contract research organizations like IQVIA, Medpace, and Charles River Laboratories tumbled after Anthropic's February AI agent launch sparked fears drugmakers could bring clinical trial work in-house. But industry experts argue the selloff misjudges how far artificial intelligence can replace core CRO capabilities like patient recruitment and global trial execution.

Business2 sources

AI-led selloff in contract research firms may overestimate disruption risk to CRO industry

Business2 sources

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