ServiceNow to buy Moveworks for $2.85B to grow its AI portfolio

March 10, 2025

ServiceNow said on Monday that it has agreed to acquire Moveworks, which develops enterprise-focused automation and AI tools. ServiceNow will pay $2.85 billion for Moveworks in a mix of cash and stock. The former expects the deal to close in the second half of 2025. Bloomberg reported the deal late on Sunday night. As of […]

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Nirvana keeps on truckin’ with $80M at a $830M valuation for its AI-powered insurance

March 10, 2025

As the U.S. trucking industry gears up for the negative impacts of new Trump tariffs on goods from Mexico and Canada, a startup building a new kind of trucking insurance — a critical cost for truck drivers — has raised some money to grow, and (it hopes) help truckers weather the changes. Nirvana, an AI-based […]

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The cheapest way to supercharge America’s power grid

March 10, 2025
US electricity consumption is rising faster than it has in decades, thanks in part to the boom in data center development, the resurgence in manufacturing, and the increasing popularity of electric vehicles.  Accommodating that growth will require building wind turbines, solar farms, and other power plants faster than we ever have before—and expanding the network…

Rocket Companies to acquire Redfin in $1.75B deal

March 10, 2025

Redfin is being acquired in an all-stock transaction that values the real estate listing platform at $1.75 billion. The acquiring company is Rocket Companies, a Detroit, Michigan-based finance and real estate holding firm that operates various brands including Rocket Mortgage, Rocket Money (formerly Truebill), and Rocket Loans. “Rocket and Redfin have a unified vision of […]

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Neom is reportedly turning into a financial disaster, except for McKinsey & Co.

March 10, 2025

A new WSJ report suggests that Saudi Arabia’s now eight-year-old Neom project — a futuristic, carbon-neutral, 105-mile-long linear city envisioned by Crown Prince Mohammed bin Salman — has become a financial sinkhole. Plagued by delays and cost overruns, the country, which has already shelled out $50 billion, could reportedly face another 55 years of construction, […]

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Manus probably isn’t China’s second ‘DeepSeek moment’

March 9, 2025

Manus, an “agentic” AI platform that launched in preview last week, is generating more hype than a Taylor Swift concert. The head of product at Hugging Face called Manus “the most impressive AI tool I’ve ever tried.” AI policy researcher Dean Ball described Manus as the “most sophisticated computer using AI.” The official Discord server […]

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Japan’s service robot market projected to triple in five years

March 9, 2025

Faced with an aging population and labor shortages, Japanese businesses are increasingly relying on service robots to supplement their workforce, according to Bloomberg. Research firm Fuji Keizai projects the country’s service robot market to nearly triple by 2030, to ¥400 billion ($2.7 billion). Potentially driving that growth: The Recruit Works Institute projects that the country […]

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Colossal CEO Ben Lamm says humanity has a ‘moral obligation’ to pursue de-extinction tech

March 9, 2025

The CEO of Colossal, a startup that aims to use genetic editing techniques to bring back extinct species, including the wooly mammoth, assured audiences at SXSW that the company has no plans to create a real-life Jurassic Park — lest there was any doubt. “Modern conservation isn’t working […] and we’re gonna need a ‘de-extinction’ […]

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Tammy Nam joins AI-powered ad startup Creatopy as CEO

March 9, 2025

Creatopy, a startup that uses AI to automate the creation of digital ads, has brought on a new CEO: Tammy H. Nam. Nam was previously COO and CMO at photo-editing startup PicsArt, and before that the CEO of video streamer Viki. She told TechCrunch via email that Creatopy was looking for a US-based executive who […]

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