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Salesforce is selling the AI future harder than it is delivering it

Salesforce has a problem that no amount of marketing can fix. The company has built its entire narrative around Agentforce, its AI agent platform, and the numbers look impressive on paper: 29,000 deals closed, $800 million in annual recurring revenue, and a roadmap that promises to replace entire categories of human work. But Wall Street […]

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Norway’s $2.3 trillion wealth fund objects to John Elkann’s reappointment to Meta’s board

Norway’s Government Pension Fund Global, the world’s largest sovereign wealth fund, has withheld its vote on the reappointment of John Elkann to Meta’s board of directors. The fund said it believes the Stellantis chairman and Exor CEO does not have enough time to devote to the role. Norges Bank Investment Management, which manages the $2.3 […]

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Samsung’s memory chip employees negotiated $340,000 bonuses this year

Details have emerged about a tentative deal struck between Samsung and semiconductor employees who had threatened to strike. The deal reportedly makes some workers eligible for average annual bonuses of $340,000. The proposed 18-day strike had hinged on Samsung’s bonus cap for employees in the semiconductor division, and followed a substantial rise in the possible […]

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ClickUp cuts 22 per cent of staff and introduces $1 million salary bands for those who remain

ClickUp, the $4 billion productivity platform, has cut 22 per cent of its workforce. CEO Zeb Evans announced the layoffs in a post on X, framing them not as a cost-cutting exercise but as a structural bet on AI. The savings, he said, will flow back to the employees who stay in the form of […]

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Oura files confidentially for US IPO as ring sales accelerate

Oura, the Finnish company that turned a piece of finger jewellery into a serious health-tracking franchise, has filed confidentially for a US initial public offering. The filing comes less than a year after the company closed a $900m Series E that valued it at $11bn, more than double its $5.2bn mark from December 2024. The […]

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Anthropic is paying $15 billion a year for access to Elon Musk’s data centers

Earlier this month, SpaceX and Anthropic announced a new compute partnership that provides access to the rocket company’s Colossus data centers in Memphis, TN. Now, with the release of SpaceX’s IPO filing, we have more details about that deal, including how much Anthropic is paying to Elon Musk’s company. In its S-1 filing, SpaceX said […]

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