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Upwork, a platform that connects companies with freelancers, announced two acquisitions to help build out a new stand-alone enterprise-focused business that could expand its market reach. The San Francisco-based company announced it has acquired Bubty, a workforce management platform, and has signed a definitive agreement to acquire Ascen, a global compliance and EOR (employer of…
Sam Altman’s blow torch to his competitors is so hot, it even includes a new partnership with Amazon Web Services. As OpenAI announced two open-weight reasoning models with capabilities on par with its o-series, Amazon announced that the new models would soon be available as a service on AWS. For the first time, OpenAI models…
SAP announced Friday that it has reached an agreement to acquire recruiting software company SmartRecruiters. In a press release, the European software giant said that SmartRecruiters “powerful, user-friendly interfaces and seamless workflows” will complement SAP’s existing HR tools. Muhammad Alam, the SAP executive board member who leads product and engineering, said in a statement that…
Earlier in July, U.S. Secretary of Commerce Howard Lutnick gave chipmakers like Nvidia the green light to start selling certain AI chips in China again, but his department is said to be holding things up. According to reporting from Reuters, Nvidia has yet to receive a license to sell its H20 AI chips. The U.S….
AI research lab Anthropic’s AI models are now the top choice for enterprises, surpassing OpenAI. Anthropic now holds 32% of the enterprise LLM market share by usage, according to a report from Menlo Ventures released on Thursday. OpenAI holds the second-largest market share by usage among enterprises with 25%. The figure marks a strong reversal…
Cybersecurity giant Palo Alto Networks announced on Wednesday its intent to acquire identity management and security company CyberArk for $25 billion. The deal, a mix of cash and stock, marks Palo Alto’s entrance into the identity security space, according to a company press release. Palo Alto has been on a shopping spree since Nikesh Arora…
Observe, an observability platform, was founded in 2017 in response to the changing nature of software observability. Companies started pushing out new versions of their software more frequently — and producing significantly more data because of it. Now, Observe is responding to the latest big shift in technology: AI. San Mateo-based Observe helps companies get…
Intel continues to streamline its business. The company plans to spin off its Network and Edge group, which is responsible for making chips for the telecom industry, as originally reported by CRN. Intel will be an anchor investor in the stand-alone business and will seek outside capital. Intel was rumored to be looking for a…
After spending the past week-plus in the headlines due to a seemingly inescapable social media scandal, data operations startup Astronomer is trying to shift the narrative with a tongue-in-cheek video starring actress and entrepreneur Gwyneth Paltrow. Paltrow was, of course, previously married to Coldplay singer Chris Martin. And it was at a Coldplay concert in…
Intel CEO Lip-Bu Tan is making progress on his plan for the company to shed its inefficiencies. And that includes spiking several manufacturing projects. The semiconductor giant reported Thursday in its second-quarter earnings report that it will delay, and in some cases not move forward with, multiple manufacturing projects. Specifically, Intel said it was no…