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The business side of AI: funding and M&A, personnel moves, partnerships and competition, policy and market shifts.

23 picked20 in the last 30 days262 collected

November 13 02:06 updated

Industry news · Picks · page 2

October 14WednesdayItems 21–23 of 23
  1. Modal Blog71

    Modal crosses $1B annualized run rate and raises $750M Series D at $15.75B valuation

    Modal crossed $1B in annualized run rate and raised a $750M Series D led by Accel at a $15.75B post-money valuation, with all existing investors participating. The company says usage has tripled since its Series C five months ago and grown more than 15x year-over-year, and that its Sandboxes product alone is at a $300M run rate with close to 3 billion sandboxes spun up. Modal also describes rebuilding its own file system, container runtime, scheduler and networking on a capacity pool spanning 20+ clouds, and points to recent launches in multi-node training, Modal servers and generally available VMs for Sandboxes.

    Why it matters: Modal's post explains why AI workloads pushed it to rebuild its own file system, container runtime and scheduler across 20+ clouds, a concrete view of how the AI infrastructure stack is diverging from the cloud stack.

September 25Friday
  1. OpenClaw Blog74

    Microsoft Autopilot is built on OpenClaw, with contributions flowing both ways

    Microsoft introduced Autopilot, a persistent personal agent built on OpenClaw, as part of its new Copilot experience, with a private preview expanding to first customers at the end of this month. Autopilot is the new name for Microsoft Scout, announced earlier this year, and Omar Shahine's team says it is working with OpenClaw and the OpenClaw Foundation on an enterprise-grade runtime. OpenClaw highlights upstream contributions from Microsoft engineers, including policy conformance checks, a native Windows companion, and reliability fixes for background jobs, restarts and duplicate replies.

    Why it matters: Microsoft's Autopilot is built on OpenClaw, and the upstream contributions listed here show how a shared agent runtime improves across platforms.

August 23, 2024Friday
  1. Cursor Changelog62

    Cursor raises $60M Series A from Andreessen Horowitz, Thrive Capital and OpenAI

    Cursor raised a $60M Series A from Andreessen Horowitz, Thrive Capital, OpenAI, Jeff Dean, Noam Brown, and founders of Stripe, GitHub, Ramp, Perplexity and OpenAI. The AI coding tool says it has grown to more than 40,000 users, including startups, research institutions and large enterprises, and describes internal systems for next-edit prediction, retrieval across billions of files and speculative-inference code rewriting.

    Why it matters: Cursor's $60M Series A announcement also discloses its user base has grown past 40,000 and names the investors backing its AI coding tool.