PayPay shares rose nearly 20% in the Japanese mobile payment app’s debut in the U.S. stock market Thursday, before closing with a 13% gain and market cap of $12 billion. The company raised almost $880 ...

Adobe announced that Shantanu Narayen is planning to step down as CEO after 18 years as soon as the company finds his successor, although he’ll stay on as board chair. It’s the latest example ...

The Saaspocalypse may have claimed another scalp! Adobe said Thursday its longtime CEO and chair, Shantanu Narayen, had decided to give up the job as soon as his replacement can be found. Less than ...

Nscale, an upstart cloud provider heavily backed by Nvidia whose customers include OpenAI and Microsoft, is in talks to take control of one of the largest available sites for AI data centers in the ...

BuzzFeed is “exploring strategic options” to close the gap between its roughly $26 million market capitalization and what executives see as the value of the digital media firm’s assets, the company ...

AI coding startup Cursor is in discussions with investors to raise a funding round that could value the startup at $50 billion, Bloomberg reported on Wednesday. The discussions are preliminary and may ...

Elon Musk’s xAI is hiring two senior Cursor leaders as part of an effort to catch up with AI rivals in coding, according to a person with direct knowledge of the move. The pair, Andrew Milich and ...

Zihang Dai, a co-founder of xAI, has left Elon Musk’s artificial intelligence firm, Business Insider reported on Thursday, the latest in a string of high-profile exits this year. Another co-founder, ...

A venture firm just said the quiet part out loud: Things aren’t as copacetic in startup land as those sky-high AI valuations would suggest. Lux Capital on Tuesday published a letter it had sent to ...

OpenAI plans to soon launch its Sora AI-generated video capabilities in ChatGPT, according to people with knowledge of the effort. The strategy shift could increase the chatbot’s usage as well as its ...

Microsoft Executive Vice President Rajesh Jha, who oversees the business unit that includes Windows, Office, and Microsoft’s Surface devices, will retire July 1, he said in a memo to staff Thursday.

Salesforce raised $25 billion in bonds, the company confirmed, and has struck deals with “financial institutions” to buy back that much in stock. A $25 billion buyback would shrink Salesforce’s ...