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Technology News

Canva cuts 22% of staff and restructures during slowing growth

Canva is undertaking its largest workforce reduction to date, with changes affecting 1,271 people, or 22% of the company’s staff. Co-founder and CEO Melanie Perkins described the move as necessary to prepare Canva for the next decade. The company says small adjustments would not be enough. As

U.S. Tech Giants’ Reported AI Debt Rises to $3.2 Trillion

The financial commitments associated with the artificial intelligence boom are growing rapidly. According to a Nikkei Asia report, hidden AI debt among U.S. technology giants rose by 90% to $3.2 trillion in six months. The figure points to a sharp expansion in the financing burden associated with AI

Technology News

Fal Raises $1.3 Billion as AI Inference Startup Reaches $16 Billion Valuation

Fal, an AI inference startup, has raised a $1.3 billion funding round led by Bessemer. The financing brings the five-year-old company’s valuation to $16 billion, double its previous valuation. The round reflects increased demand for Fal’s inference services. The company builds infrastructure intended to help

Meta Seeks Up to $25 Billion in Debt Amid Higher AI Spending

Meta is reportedly seeking to raise up to $25 billion in a debt sale, according to CNBC. The financing effort comes as the company's spending on artificial intelligence has increased. The proposed sale would provide Meta with additional debt capital for a period of expanding AI investment. The

Technology News

CrowdStrike to Acquire Fiddler AI and Dreadnode for Nearly $500 Million

CrowdStrike has announced plans to acquire two AI security startups for a combined value of nearly $500 million: Fiddler AI, which develops observability software for AI agents, and Dreadnode, which helps companies automate AI security testing. The acquisitions focus on a growing need to monitor and test AI agents as

Microsoft Reportedly Seeks $25 Billion in Borrowing for AI Investment

Microsoft is reportedly preparing to borrow $25 billion to fund its artificial-intelligence investments. The financing plan comes after the company offered buyouts to 60,000 employees, according to The Times of India. CFO Amy Hood said Microsoft is fortunate to have the financial position it does. The report did

Agility Robotics advances planned public listing via $2.5B SPAC

Shareholders of Churchill Capital XI have approved a proposed $2.5 billion special purpose acquisition corporation transaction involving Agility Robotics. The agreement is expected to generate approximately $465 million in gross capital for Agility. The company plans to use the funds to expand deployments of its Digit humanoid robot with