ServiceNow has amended CEO Bill McDermott’s employment contract, extending his leadership through at least December 31, 2030. The new filing explicitly states he could serve as CEO, co-CEO, Executive Chairman, or Non-Executive Chairman at the board’s discretion.
Nvidia is in advanced talks to acquire Israeli AI startup AI21 Labs, according to a new report. The deal could be worth up to $3 billion, with Nvidia primarily interested in the company’s 200-person team of AI experts.
According to a new report, some Apple leaders believe large language models will become low-cost commodities in the coming years. This view could explain the company’s famously reserved spending on its own AI models, focusing instead on its core strengths.
In a flurry of year-end moves, Big Tech is doubling down on AI with clear monetization and deployment strategies. Meta’s huge acquisition stands out, aiming to finally turn its AI investments into direct subscription revenue.
Meta is acquiring AI startup Manus in a deal worth over $2 billion. The Singapore-based company, which hit $100M in revenue in just 8 months, has deep roots in China, forcing Meta to mandate a full cut-off.
A survey of 24 enterprise-focused VCs by TechCrunch finds a consensus: 2026 is when companies will stop experimenting and start consolidating their AI spending. The result could be a brutal market where only a handful of vendors win big, leaving many startups struggling.
After four years of political drama, TikTok has signed a deal to sell a chunk of its US operations. A group including Oracle and Silver Lake will take control, but the app itself will be discontinued in 2026. What comes next is a massive, uncertain migration.
Meta has acquired Singapore-based AI agent developer Manus, continuing its massive AI spending spree. The startup claims an astonishing revenue run rate, but its rapid pivot from China adds complexity to the deal.
A major 2025 survey reveals generative AI is now deeply embedded in business, with budgets soaring and ROI being measured. The hard part? Managing the people and skills side of the equation as the tech accelerates.
OpenAI is trying to hire a new Head of Preparedness, a role CEO Sam Altman admits will be “stressful.” The job pays $555,000 a year plus equity, but experts argue it’s “close to an impossible job” that requires telling Altman to slow down.
