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The people deciding that AI can replace your job are also the ones least likely to understand what your job truly involves, according to Box founder Aaron Levie, who pointed to this as an example of “AI psychosis.” Indeed, ClickUp recently cut 22% of its workforce for AI agents, tech layoffs in 2026 are already nearly matching all of 2025,…
Cloud data storage giant Snowflake has signed a new $6 billion five-year agreement with Amazon Web Services, the companies announced on Wednesday. Snowflake has always run on AWS, though obviously, these days, it is also available on Microsoft Azure and Google Cloud. For comparison on just how big this deal is for these companies, Snowflake…
Hackers have reportedly stolen data from at least a dozen companies following a breach at business monitoring software maker Anodot, leaving its customers exposed to extortion and at risk of having their data published online. Bleeping Computer, among the first to report the Anodot breach, and BBC News both reported that the ShinyHunters hacking group…
Cloud data company Snowflake has entered into a $200 million multi-year AI deal with OpenAI on Monday, the latest signal that enterprise AI competition continues to heat up. Under the deal, Snowflake’s 12,600 customers will have access to OpenAI models across all three major cloud providers. Snowflake employees access to OpenAI’s ChatGPT Enterprise as well….
AI research lab Anthropic’s not slowing down in its efforts to snap up enterprise clients. The company on Wednesday said it is expanding its partnership with cloud data company Snowflake in a $200 million multi-year AI deal that will bring Anthropic’s large language models to Snowflake’s platform, and consequently, to its sizable customer base. “Anthropic…
Former U.S. Army soldier Cameron John Wagenius pleaded guilty to hacking telecommunication companies and attempting to extort them by threatening to release stolen files, the Department of Justice announced on Tuesday. According to the DOJ, Wagenius, who went online with the nickname “kiberphant0m,” conspired to defraud 10 victim companies by stealing their login credentials, using…
The surge in data company acquisitions continued Monday with Snowflake’s purchase of Crunchy Data. Cloud data platform Snowflake announced its intent to acquire Crunchy Data, a Postgres database partner, late this afternoon. A source familiar with the matter estimated the deal to be worth around $250 million. The terms weren’t disclosed. Snowflake declined to comment…
Seattle-based Madrona Capital is celebrating its 30 years in business by raising $770 million in fresh capital. This is the firm’s largest fundraise to date, exceeding $690 million across two funds Madrona closed in 2022. While an 11% capital pool upsize may not seem significant, any increase at a time when many venture outfits are…
U.S. prosecutors have formally linked the arrest of a serving U.S. Army soldier in December to a massive theft of U.S. phone records from AT&T and Verizon last year. Authorities arrested Cameron John Wagenius, a U.S. Army communications specialist, in Texas on December 20 following a brief two-page grand jury indictment accusing the U.S. serviceperson…