The Next Web (1 hour ago)
Palantir says neither it nor the US government can remotely shut down Maven, its AI-powered battlefield system used by NATO’s top military command.
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Ask most executives to picture the cost of AI and they’ll likely see GPUs—racks of accelerators with gigawatts of power—and a waitlist for silicon. But that picture leaves something out: Data storage costs. What happens to data after a model responds?
Boomi is approaching $1bn in recurring revenue, chairman and chief executive Steve Lucas told TNW. The integration company has tripled its revenue in the four years since he joined in 2022, he said. It helps that Boomi does data, and “AI needs data,” he said.
Equating to the loss of 5% of its 93,000 global staff, job cuts come as bank announces jump in quarterly profits Business live – latest updates Barclays is cutting 5,000 jobs as part of wider cost-cutting plans that its bosses say are being driven by advances in AI.
Barclays cutting 5,000 jobs as part of a plan to save £1.1 billion, and the majority of the work is going to AI.
They might earn more than $200k but who do they work for? Tech buyers need to put some checks in place on FDEs
A New Mexico judge has ordered Meta to pay a $25B civil penalty for misleading Facebook users about privacy and hate speech, Bloomberg reported. A jury found more than 43 million violations of state law in September. The state wanted up to $40B, and Meta plans to appeal.
Getty Images filed for Chapter 11 bankruptcy in Delaware on Wednesday. The Getty family and Koch Equity Development will put in up to $533M and own the whole company, which expects to finish the process by year-end.
Flapping Airplanes, a San Francisco AI research lab founded in late 2025, has raised $1B at a $6B valuation, led by Index Ventures and Lux Capital, Bloomberg reported. Its valuation has quadrupled since January. It is working on ways to train AI with less data and compute, and has no product yet.
Electronic Arts will close BioWare, the studio behind Mass Effect and Dragon Age, and cut about 400 jobs, roughly 3% of staff, Bloomberg reported. The next Mass Effect game and a planned Sims project are cancelled. EA went private in a $55B buyout in August.
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