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San Francisco
75 posts
Dropbox (NASDAQ: DBX) cuts 9% of jobs and loses CTO as AI product strategy sharpens
Dropbox is cutting 9% of its global workforce and technology chief Ali Dasdan is leaving as management concentrates investment around its core product and Dash intelligence strategy.
Anthropic files Nasdaq IPO as $16.3bn revenue meets staggering $80.7bn accounting loss
Anthropic has publicly filed for a Nasdaq listing under the proposed ticker ANT, disclosing extraordinary revenue growth, a multibillion-dollar accounting loss and a governance structure that preserves founder control. The filing offers investors their first detailed opportunity to evaluate the economics of the Claude developer before its anticipated stock market debut.
HoloMD names former Eliza founder Irene Lang CEO, but can continuous AI monitoring become a scalable psychiatry business?
HoloMD has appointed Silicon Valley entrepreneur Irene Lang as chief executive officer and cofounder, moving founder Dr. Bruce Alan Kehr into a medical innovation role. The transition follows a 180-day paid pilot involving 138 patients and reflects a strategy to commercialize human-supervised AI monitoring between psychiatric appointments.
Bending Spoons cuts large part of Airtable team weeks after $1.285bn takeover
Airtable is cutting a large portion of its pre-acquisition workforce only weeks after Bending Spoons completed its $1.285 billion takeover. The exact number of affected employees has not been disclosed, but the restructuring provides an early demonstration of the listed Italian software group's acquisition model, which combines aggressive operating simplification with substantial investment in core products and artificial intelligence.
Oura files Nasdaq IPO as $11bn valuation meets profit surge
Oura has filed for a Nasdaq IPO after nine-month revenue jumped 74% to $1.21 billion and net income reached $60.8 million. The smart-ring company has 5 million paying members and membership gross margins of 89%, but hardware still produces 80% of revenue. Its public-market test is whether investors value Oura as a consumer-device maker or a recurring health-intelligence platform.
Uber revenue grew 12%. Why are 3,300 jobs disappearing as robotaxi spending accelerates?
Uber Technologies is eliminating roughly 10% of its corporate workforce while quarterly revenue, bookings and profitability continue to rise, redirecting resources toward autonomous vehicles and a simpler operating structure.
Airwallex crossed $1bn in annualised revenue, so why is it still holding back from public markets?
Airwallex says it will be IPO-ready by year-end but sees little reason to rush into public markets. With annualised revenue above $1 billion, an $11 billion valuation and fresh expansion into autonomous finance, the bigger question is whether waiting strengthens the eventual listing or allows private-market expectations to run ahead of financial disclosure.
Patreon says AI did not replace 93 workers, but its restructuring tells a more complicated story
Patreon is removing 93 positions and flattening management despite reporting continued creator, membership and payment growth across its platform.
Visa is growing at 14%, so why is it cutting 2,600 jobs? The answer goes beyond AI
Visa is eliminating about 7% of its workforce even as payments volume, revenue and earnings rise, signalling a strategic reallocation rather than a conventional downturn response.
TwelveLabs rakes in $100m as video AI moves toward enterprise intelligence
TwelveLabs has raised $100 million to expand its video-native artificial intelligence platform, deepen its Amazon Web Services alliance and move from video search models into enterprise applications.