Enterprise

Bret Taylor’s Sierra reaches $100M ARR in under two years

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Sierra, a 21-month-old, San Francisco-based startup that builds customer service AI agents for enterprises, announced on Friday that it reached $100 million in annual revenue run rate (ARR). The company’s rapid growth suggests that businesses across industries are embracing AI agents. The startup’s growth rate surprised even its seasoned co-founders, former Salesforce co-CEO Bret Taylor […]

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Rising data center electricity use risks blackouts during winter storms

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The explosive growth of data centers could threaten the stability of the electrical grid this winter, according to an industry overseer. Across North America, demand for electricity this winter is expected to be 2.5% higher than last year for a total of 20 gigawatts, the North American Electric Reliability Corporation (NERC) said in a report

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As Lovable hits $200M ARR, its CEO credits staying in Europe for its success

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Swedish vibe coding unicorn Lovable has doubled its annual recurring revenue (ARR) to $200 million in just four months, co-founder and CEO Anton Osika said on stage at the 2025 Slush technology conference in Helsinki, Finland. The milestone comes just four months after the year-old company surpassed $100 million in ARR in July. Osika credited

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Cloudflare outage takes down X one month after Musk mocked AWS customers

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Ah, the inevitabilities of life: death, taxes, and eating crow on the internet. The infrastructure service Cloudflare faced massive outages on Tuesday morning, cutting off access to a number of popular platforms like ChatGPT, Claude, Spotify, and others. The outage also impacted Elon Musk’s X, just one month after the CEO gloated at a widespread

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Intuit signs $100M+ deal with OpenAI to bring its apps to ChatGPT

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Intuit has signed a multi-year contract worth more than $100 million with OpenAI, enabling its tax and financial apps to operate within ChatGPT and expanding the company’s use of OpenAI’s models across its products. Intuit said its tools, such as TurboTax, Credit Karma, QuickBooks and Mailchimp, will be accessible through ChatGPT, allowing users to ask

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Databricks reportedly in talks to raise funding at a $130B+ valuation

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Data intelligence company Databricks is reportedly already in talks to raise fresh capital, just a few months after its last fundraise. Databricks is holding conversations to raise a funding round that values the company at a minimum of $130 billion, according to reporting from The Information. The company hasn’t signed a term sheet yet, the

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Coding assistant Cursor raises $2.3bn five months after its previous round

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Developer AI coding tool Cursor continues to gobble up venture capital as its valuation keeps climbing. On Thursday, Cursor announced a $2.3 billion funding round that valued the company at $29.3 billion, as originally reported by the Wall Street Journal. This round more than doubles the company’s previous valuation of $9.9 billion, which it achieved

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Data centers now attract more investment than than finding new oil supplies

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If there’s any question about whether data centers are driving the global economy, a new report from the International Energy Agency should dispel any doubts. This year, the world will spend $580 billion on data centers, $40 billion more than it will spend on new oil supplies. “This point of comparison provides a telling marker

Data centers now attract more investment than than finding new oil supplies Read More »

Data centers now attract more investment than finding new oil supplies

Enterprise /

If there’s any question about whether data centers are driving the global economy, a new report from the International Energy Agency should dispel any doubts. This year, the world will spend $580 billion on data centers, $40 billion more than it will spend on new oil supplies. “This point of comparison provides a telling marker

Data centers now attract more investment than finding new oil supplies Read More »