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Amazon tried selling office software and failed. Now it is betting that office software itself is obsolete.

Amazon Web Services announced a set of AI-powered business applications on Tuesday that move the company from selling cloud infrastructure to selling the software that runs on it, a strategic shift that puts Amazon in direct competition with Microsoft, Oracle, and Salesforce in the $300 billion software-as-a-service market. The new products, Amazon Connect Decisions for […]

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OpenAI’s models are now available everywhere. The question is whether everywhere is enough.

Amazon Web Services will begin selling OpenAI’s models to its cloud customers, the company announced on Tuesday, one day after Microsoft agreed to end the exclusive reselling arrangement that had given Azure sole access to OpenAI’s technology for the first three years of the generative AI era. “It’s something that our customers have asked for, […]

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True Anomaly raised $1 billion to build weapons for a programme the Pentagon has not committed to building

True Anomaly, the Colorado-based startup that builds autonomous spacecraft for orbital combat, has raised $650 million in Series D funding at a $2.2 billion valuation, bringing total capital raised to $1 billion since its founding in August 2022. The round was co-led by Eclipse and Riot Ventures, with new investors Paradigm, Atreides, G Squared, The […]

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Freepik rebrands as Magnific: a bootstrapped, profitable $230M ARR AI creative platform

The new name unifies what was previously fragmented across Freepik (stock assets), Magnific (AI upscaling), and several other products. One million paying subscribers. 250 enterprise customers, including BBC, Puma, and Amazon Prime Video. CEO Joaquín Cuenca has never taken outside investment. The company is profitable. Freepik, the Málaga-founded AI creative platform, announced on Tuesday that […]

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Revolut is opening its first physical store in Barcelona

The store is a permanent pilot, not a pop-up. If successful, it will be replicated in other markets. Spain is Revolut’s third-largest market globally. Last week  the company’s IPO target valuation was up to $200 billion, with no listing before 2028. Revolut, Europe’s most valuable startup at $75 billion, is opening its first physical retail […]

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True Anomaly raises $650 million as the only space startup exclusively focused on orbital defense

True Anomaly’s Jackal autonomous orbital vehicles can manoeuvre near other satellites in orbit for inspection, space situational awareness, and, under Golden Dome, potential interception of ballistic and hypersonic missiles. Total funding now exceeds $1 billion. True Anomaly, the Colorado-based space defense startup that builds autonomous orbital vehicles and supporting software for US national security missions, […]

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Accenture deploys Microsoft 365 Copilot to all 743,000 employees

97% of Accenture employees report Copilot helped complete routine tasks up to 15 times faster. 89% monthly active usage among the 200,000-person cohort tested. Microsoft has over 450 million M365 enterprise users; only ~3% currently pay $30/month for Copilot. Its shares are down 12% this year. Microsoft is rolling out its Microsoft 365 Copilot AI […]

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Google signs classified AI deal with the Pentagon for ‘any lawful government purpose’

The Information reported the deal on Tuesday. The agreement allows the DoD to use Google’s AI models without the restrictions that led Anthropic to be blacklisted in February. Google becomes the latest in a line of AI companies, alongside OpenAI and xAI, to supply classified AI capability to the US military. Google has signed a […]

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Meta prepares to unwind its $2 billion Manus acquisition after China’s block

Meta is preparing to unwind its approximately $2 billion acquisition of the agentic AI startup Manus after China’s National Development and Reform Commission formally ordered the deal’s cancellation on Monday, the Wall Street Journal reported, citing people familiar with the matter. Beijing has given Meta and Manus a preliminary deadline of several weeks to reverse […]

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Redpine raises €6.8M led by NordicNinja to build a licensed data API for AI agents

The round brings total raised to €9 million. Investors from OpenAI, Perplexity, and Spotify backed the seed. The platform operates as a headless API that lets AI agents query and pay for premium licensed datasets in real time, on a token-based model. Competitors include Scale AI, Appen, and Defined.ai, all annotation-first; Redpine is API-native. Redpine, […]

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