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News
OpenAI Rules Out 2026 IPO As Sam Altman Prioritizes AI Safety Work
11+ hour, 47+ min ago (286+ words) OpenAI will not pursue an initial public offering in 2026, CEO Sam Altman said, arguing that the company should prioritize artificial intelligence safety and alignment work before moving toward a public listing as revealed during an interview with Fortune. Altman said…...
Matt Mullenweg Returns As Automattic CEO Two Days After Being Placed On Leave
12+ hour, 5+ min ago (233+ words) I’m relieved and pleased to see Matt Mullenweg return as CEO of Automattic, the largest financial contributor to the WordPress project. Having WordPress’s Co-founder and Project Lead at the helm gives me confidence that their support will remain strong. Matt…...
Baseten Acquires Blaxel To Build Integrated Agentic AI Infrastructure Platform
13+ hour, 30+ min ago (647+ words) Baseten has acquired Blaxel, bringing together Baseten’s AI model inference and training infrastructure with Blaxel’s execution, storage and networking technology for autonomous agents. Financial terms of the transaction were not disclosed. The companies plan to build an integrated infrastructure platform…...
Actithera Names Steven Kelly As CEO, Briggs Morrison As Board Chair, And John Crowley As Independent Director
1+ day, 2+ hour ago (201+ words) Actithera has appointed Steven Kelly as Chief Executive Officer and a member of its board as the radiopharmaceutical biotechnology company prepares to move its lead program into clinical development. The company also named Briggs Morrison Chair of the Board and…...
Foley Adds Stephen Olson As Corporate Partner To Expand Private Capital And Energy Capabilities
1+ day, 2+ hour ago (101+ words) Foley & Lardner has added Stephen Olson as a partner in its Transactions Practice Group, expanding the firm’s private capital capabilities and its national Energy & Infrastructure Sector. Olson joins Foley from Gibson, Dunn & Crutcher in Houston and advises on sophisticated private…...
Vulcan Infrastructure And Power Raises $39.4 Million Strategic Investment From Machine Investment Group, Atlas Holdings, Conversant Capital And Others
1+ day, 1+ hour ago (460+ words) Vulcan Infrastructure and Power has completed an approximately $39.4 million strategic investment from affiliates of Machine Investment Group and Atlas Holdings, along with institutional investors including Conversant Capital and certain company insiders. The financing is intended to strengthen Vulcan’s balance sheet,…...
Tillo Acquires Amilon To Create Global Rewards And Gift Card Platform Processing Over £3 Billion Annually
1+ day, 9+ hour ago (311+ words) Tillo has acquired Italian digital incentives and gift card company Amilon, creating a larger international rewards, incentives, employee benefits, and gift card technology platform. Financial terms were not disclosed. Amilon is now part of Tillo Group following completion of the…...
Caterpillar And FieldAI Partner On Physical AI, Robotics And Digital Twins
1+ day, 10+ hour ago (342+ words) Pulse 2.0 Caterpillar is collaborating with FieldAI to develop and deploy physical AI, autonomous systems, robotics, and digital-twin technology for industrial jobsites and manufacturing environments. The collaboration is aimed at improving safety, productivity, and operational efficiency as industrial companies face labor…...
Universal Music Group And ElevenLabs Sign Multi-Year AI Music Licensing And Product Development Agreement
1+ day, 9+ hour ago (351+ words) Universal Music Group and ElevenLabs have entered into a multi-year licensing agreement and broader strategic collaboration to develop a new AI-powered music creation platform for fans and additional AI audio products for artists and songwriters. The agreement is ElevenLabs’ first…...
Red Cell Partners Secures Up To $100 Million CDAO Agreement For Agentic AI Shared Savings Program
1+ day, 12+ hour ago (229+ words) Red Cell Partners has entered into a one-year agreement with the Department of War’s Chief Digital and Artificial Intelligence Office with a ceiling of up to $100 million to pilot a shared-savings contracting model for AI services and agentic workflows. Under…...