The Brutalist Report - tech
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- Source: AI inference provider Baseten is in talks to raise $1B at a post-money valuation of $11B, up from $5B after its $300M Series E announced in January (The Information) [3d]
- OpenAI hires ServiceNow CMO Colin Fleming as CMO for its business segment; he succeeds Kate Rouch, who stepped down earlier this year to focus on her health (Trishla Ostwal/Adweek) [3d]
- US cybersecurity company Zscaler reports Q3 revenue up 25% YoY to $850.5M, above $835.4M est., and forecasts Q4 revenue below est.; ZS drops 18%+ after hours (Harshita Mary Varghese/Reuters) [3d]
- Sources: Bond Capital is leading a new investment for AI startup Suno, which would value it at ~$5B, up from $2.45B last fall; Suno is expected to raise $250M+ (Axios) [3d]
- Charter confirms a data breach after ShinyHunters claimed to steal 40M customer records from Charter's Salesforce instance and threatened to leak the data (Lawrence Abrams/BleepingComputer) [3d]
- Micron hit a $1T market value for the first time on Tuesday as shares jumped 19%, driven by demand for its memory chips in the AI race (Samantha Subin/CNBC) [3d]
- London-based Perceptic, which says its end-to-end AI platform for drug development is being used by top pharmaceuticals, raised a $12M seed led by Accel (Jeremy Kahn/Fortune) [3d]
- Q&A with Sundar Pichai about reshaping the information ecosystem with Search changes, putting AI agents in everything, when AI will replace him as CEO, and more (Nilay Patel/The Verge) [3d]
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