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Big Tech spent 90% of its operating cash on capex and raised $358.6B
Amazon, Microsoft, Alphabet and Meta have signed $988.0 billion of leases not yet started, and this week Meta priced $37.5 billion of stock offerings.
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Reporting on the business of software — funding rounds, pricing shifts, retention data and the operators making the calls. Updated every weekday.
FTC and eight states sue Toast over fees and hard-to-cancel plans
The suit applies a 2010 online subscription law to restaurant software contracts. Toast says no…
Cohere targets C$7B Series E at C$35.7B as Ottawa commits up to C$1.6B
Ottawa's equity, about 23% of the target, comes in stages tied to at least 1,000 jobs and C$1.7…
Thrive Holdings to acquire ADT for $7.6B, or $15.3B including debt
ADT holders get $10 a share, 45.6% above the October 27 close. Apollo funds supply the debt,…
Serval raises $150M Series C led by Sequoia at a $3B valuation
Serval sells its AI help-desk software as a ServiceNow replacement. The round triples its…
DOJ questions Nvidia's $12.93B Hugging Face deal, Reuters reports
Officials asked how Nvidia might use the model hub to harm rivals, Reuters reported. Nvidia's…
Oracle bills Fusion AI agents' work in 1-cent units, on top of seats
Oracle's terms price Fusion Claw work at 20 cents per 10,000 tokens on a frontier model, and it…
AWS grows 39%, its fastest since 2021, as Amazon misses estimates
Amazon's shares fell more than 7% after hours, and free cash flow over 12 months was an outflow…
Twilio tops Q3 guidance, sees organic growth slowing to 11% to 12%
Revenue rose 20% to $1.56 billion and Twilio raised its 2026 forecast for the third time this…
Salesforce to acquire Rune Technologies, a military logistics startup
Salesforce calls Rune its most significant national security acquisition. Federal records show…
