Meeting note-taker Otter.ai raised $320 million from General Catalyst's Customer Value Fund, which provides non-dilutive capital repaid from marketing results. The company plans to spend it on enterprise growth, international expansion and product work.
HSBC's chief executive cautioned that not every data center, the campuses housing the servers behind AI and cloud computing, will be a sound investment despite the AI boom.
The number of neoclouds, which rent out AI computing power, has exploded over the past four years. Wall Street is watching closely because their business model, which moves tens of billions of dollars, raises questions.
A study by economists from HEC Paris, the Banque de France and INSEAD found that about 600 French firms reporting heavy AI use hired 17% to 25% fewer 21-to-29-year-olds on permanent contracts in 2025 than peers in their sector. The researchers saw no clear difference in total headcount.
CNBC's pre-market briefing notes that the AI stock rally is fading while a small IPO draws attention.
Ahead of the Mastercard Innovation Forum on 5 November, Lemrock co-founder and CEO Roxane Laigle discusses the challenges of agentic commerce and what it means for online retailers.