JPMorgan and BlackRock bosses play down talk of AI bubble

The vendor’s new agents could find a home in big Wall Street firms, threaten mid-sized service providers and start to push entry-level finance jobs aside.

Voice AI company ElevenLabs has disclosed the full investor lineup for its $500 million Series D, originally announced in February at an $11 billion valuation. New backers span institutional giants BlackRock, Wellington, and D.E. Shaw; corporate strategics including Nvidia, Salesforce Ventures, and Deutsche Telekom; and celebrities Jamie Foxx, Eva Longoria, and Squid Game creator Hwang […]

4. ElevenLabs reveals new investors, hits $500M ARR, and expands enterprise footprint as voice AI becomes a critical interface.

4. ElevenLabs reveals new investors, hits $500M ARR, and expands enterprise footprint as voice AI becomes a critical interface.

Anthropic has announced a joint venture focused on enterprise AI deployment, with Blackstone, Hellman & Friedman, and Goldman Sachs as founding partners. Additional backers include Apollo Global Management, General Atlantic, Sequoia Capital, and GIC. The venture is valued at $1.5 billion, anchored by $300 million commitments each from Anthropic, Blackstone, and Hellman & Friedman. The […]

New consulting company to advise Wall Street groups on how to deploy its AI across their investment portfolios

Apple’s Mac division outperformed Wall Street expectations in the second quarter, generating $8.4 billion in revenue — a 6% year-over-year increase that analysts had not anticipated. The company’s total revenue reached $111.2 billion, up 17% from the same period last year. CEO Tim Cook attributed part of the Mac’s strength to unexpectedly strong demand driven […]

Investors bet blockbuster AI spending will overshadow fallout from Middle East conflict