Tolan snags $30M for its AI companion that helps users navigate life
Tolan, an AI companion app, has raised a further $30 million. The funding follows the app passing 250,000 active users.
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NiCE bets the company on AI, data and accountability, and the legacy business buys it time
A year after buying Cognigy, NiCE presented itself at its analyst summit as a company reorganised around AI rather than a contact-centre software provider. SiliconANGLE argues its legacy business gives it time to make the transition.
Cognizant puts 18,000 staff behind Google's Gemini in AI agent push
Cognizant and Google Cloud have set up a Gemini Frontier Capability Group with more than 18,000 Cognizant employees building AI agents for clients on Gemini. The work will cover legacy system modernisation, developer tools, process automation and cyber defence; no financial terms were disclosed.
Tenstorrent hits $6.2B valuation to scale open-weight AI chips
Tenstorrent, which positions itself as a challenger to Nvidia, raised $1.5 billion and is now valued at $6.2 billion. The company chose to stay independent after attracting acquisition interest earlier this year.
CoreWeave's debt is becoming the whole AI industry's problem
CoreWeave's bonds fell into distressed territory last week, with investors demanding a yield more than 1,000 basis points above government bonds. The slide has fed questions about whether the AI build-out is a private credit bubble.
A successful AI pilot doesn't mean your AI strategy is working
Launching an AI pilot is easy compared with running it reliably at scale. In McKinsey's 2026 global survey, only 37% of respondents said AI had improved their company's earnings, the same as a year earlier, even though eight in ten credited it with other benefits.