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Salesforce Investment in Anthropic Is Valued at About $5 Billion
Salesforce headquarters in San Francisco, California, US, on Tuesday, Dec. 2, 2025. Salesforce Inc. is expected to release earnings figures on December 4.
Salesforce Investment in Anthropic Is Valued at About $5 Billion
Salesforce headquarters in San Francisco, California, US, on Tuesday, Dec. 2, 2025. Salesforce Inc. is expected to release earnings figures on December 4.
The SaaS-pocalypse can wait, Salesforce still has customers where it wants them
Salesforce CEO Marc Benioff discussed the company's future focus on AI, revealing plans to spend around $300 million with Anthropic in 2026 to utilise coding agents. Despite this AI push, Salesforce has reduced support staff while investing in AI agent platforms, which the company believes will offer unprecedented business outcomes for customers. This strategy is set against the backdrop of concerns regarding the "SaaS-pocalypse," where AI could potentially disrupt traditional software vendor models.
France's Macron invites Sam Altman to attend G7, OpenAI tells CNBC
OpenAI chief Sam Altman will be attending the G7 conference in France later this month, CNBC has learned, as President Emmanuel Macron steps up efforts to court tech leaders across the globe in support of the country's AI ambitions. France is hosting 2026's G7 conference — an annual meeting of heads of state or government — from June 15-17, with AI expected to feature prominently on the agenda. Altman was invited by Macron to participate in the Leaders Summit, OpenAI told CNBC exclusively,...
President Emmanuel Macron announces €93 billion in 'Choose France' investments
Since the first "Choose France" in 2018, a year after Macron came to power, more than 230 projects have been announced, representing several thousand jobs, according to the Élysée Palace. French President Emmanuel Macron said he was expecting "record" foreign investment amounting to €93 billion at an international conference on Monday, including for artificial intelligence and data centres. Around 200 executives from around the world are expected at the Versailles palace west of Paris for...
Amazon unveils latest warehouse robot as tech giants continue AI layoffs
Amazon has unveiled its latest warehouse robot that can take commands in conversational language, underscoring how AI-powered automation is advancing as companies continue to slash their corporate workforce in AI-driven efficiencies. The tech giant's next-generation Proteus is an autonomous mobile robot, which is designed to understand natural language commands from workers and transport items in warehouses. It was launched at the company's Delivering the Future event in London on Thursday.
Investment firm Permira taps Thoma Bravo veteran Mike Hoffmann as part of AI dealmaking push
Investment firm Permira taps Thoma Bravo veteran Mike Hoffmann as part of AI dealmaking push NEW YORK, June 1 : Global investment firm Permira has added Thoma Bravo’s Mike Hoffmann as a partner on its technology team as the firm looks to step up large technology dealmaking ahead of an expected AI‑driven M&A wave, Permira executives exclusively told Reuters. Hoffmann will join the global investment firm on Monday as a partner based in Menlo Park, California, bringing more than 15 years of...
AI Is Slowing Down
If you liked this piece, you should subscribe to my premium newsletter. It’s $70 a year, or $7 a month, and in return you get a weekly newsletter that’s usually anywhere from 5,000 to 18,000 words, including vast, detailed analyses of NVIDIA, Anthropic and OpenAI’s finances, and the AI bubble writ large (updated to version 3.0 last week). My Hater's Guides To the SaaSpocalypse, Private Credit and Private Equity are essential to understanding our current financial system, and my guide to how...
'Disrupted or dead': AI is crushing a generation of startups built before ChatGPT
Five years ago, venture capitalists were pouring money into American startups selling everything from lingerie subscriptions to scheduling software, anointing them with billion-dollar valuations before most even turned a profit. It was a frothy era for startups, fueled by a combination of cheap money and pandemic-boosted demand. But even after the Federal Reserve took some froth off by starting to raise interest rates in 2022, many founders believed that they could grow into their inflated...
Jim Cramer's top 10 things to watch in the stock market Monday
My top 10 things to watch Monday, June 1 1. Nvidia unveiled its first-ever PC processor at Computex, working closely with fellow Club name Microsoft . The chip uses the power-efficient Arm instruction set, taking aim at the x86 kingdom dominated by Intel and AMD .