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11.05.26 - 16:06
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Ciridae Raises $20 Million Led by Accel to Bring AI Transformation to Real Economy Businesses (Business Wire)
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SAN FRANCISCO--(BUSINESS WIRE)--Ciridae, the AI transformation firm building operating systems for real economy businesses, today announced it has raised $20 million in seed funding led by Accel, with participation from Andreessen Horowitz, General Catalyst, Sunflower Capital, and Backcountry Ventures. Founded by CEO Jack Soslow, former partner at Andreessen Horowitz and data scientist at Meta, and CTO Jack Weissenberger, former engineering team leader at Salesforce and Head of ML at Teneyx, Ciridae will use the new capital to expand its engineering team and further its mission of bringing AI transformation to real economy businesses.
Global AI spending is projected to hit $2.5 trillion in 2026, yet fewer than 5% of pilots ever reach production. The gap is sharpest outside the Fortune 500, where mid-market companies like restoration firms, logistics providers, and industrial services run on tribal knowledge, legacy ERPs, and manual processes with no AI team and no realistic path to building one.
Ciridae i...
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10.05.26 - 13:30
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Chip Stocks Are Soaring While Software Slows. Is a Reversal Looming? (24/7 Wall St.)
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The 2026 tape has split in two. Semiconductor stocks have ripped higher on AI infrastructure demand, while software names that powered the last cycle have stalled or rolled over. NVIDIA (NASDAQ:NVDA) sports a market cap of $5.23 trillion and AMD (NASDAQ:AMD) has rallied more than 99% year to date (YTD), while Salesforce (NYSE:CRM) has dropped ... Chip Stocks Are Soaring While Software Slows. Is a Reversal Looming?...
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07.05.26 - 14:33
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Liberty Media Corporation Reports First Quarter 2026 Financial and Operating Results (Business Wire)
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ENGLEWOOD, Colo.--(BUSINESS WIRE)--Liberty Media Corporation (“Liberty Media” or “Liberty”) (NASDAQ: FWONA, FWONK) today reported first quarter 2026 results. Headlines include(1):
Formula 1
For the quarter, F1 revenue increased 53% to $617 million, operating income was $107 million and Adjusted OIBDA(2) increased 102% to $172 million, largely from a combination of strong underlying growth, the effect of one extra race held during the quarter and the impact of the expected calendar on revenue and cost recognition
Announced the return of the Turkish Grand Prix starting in 2027 in a new multi-year agreement
Extended Salesforce and Allwyn partnerships and entered into new multi-year sponsorship agreements with Marsh, FanDuel and Betway
Extended broadcast agreements with Sky in the UK and Italy, Foxtel in Australia and beIN in pan-Asia
Did not hold Bahrain and Saudi Arabia Grands Prix in April due to geopolitical tensions
MotoGP
For the quarter, MotoGP revenue increased 25% to $94 million, operating lo...
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07.05.26 - 14:12
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Beyond Benioff: Is Salesforce Ready for Life Without Its Founder? (24/7 Wall St.)
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Marc Benioff has run Salesforce (NYSE: CRM) since 1999, and he has given no signal he intends to leave. Yet 26 years into his tenure as co-founder, board chair, and chief executive, the question of what happens without him is worth asking. Why Benioff Matters More Than a Typical Software CEO Benioff is a category-defining ... Beyond Benioff: Is Salesforce Ready for Life Without Its Founder?...
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