Funding & Deals
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Oracle’s 21,000 layoffs help drive its debt-fueled AI investments
The growing use of AI contributed to Oracle laying off 21,000 workers in a year, according to a Securities and Exchange Commission filing on Monday. In its annual regulatory filing for the fiscal year ending May 31, Oracle said it has 141,000 full-time employees. In its 2025 filing, Oracle said it had 162,000 employees. The reported 12.9 percent reduction followed March reports of mass layoffs at the database management software company. "[T]he adoption and deployment of AI technologies across
Fika Jobs raises $4M to build a video-first hiring platform where AI agents interview candidates
Stockholm-based startup Fika Jobs is building a video-first hiring platform that combines AI interview agents with short-form video profiles, creating something that feels like a cross between LinkedIn and TikTok.
Google DeepMind bets $75M on AI’s future in Hollywood with A24 deal
Google DeepMind and A24 are teaming up to build AI filmmaking tools.
AI chipmaker Groq confirms $650M raise, re-staffs after Nvidia’s $20B not-acqui-hire deal
What does an AI company do after one of those not-acqui-hire deals? Groq raised money, is leaning into its neocloud business, and is hiring new execs.
Nobel laureate John Jumper is leaving DeepMind for rival Anthropic
Jumper isn't the only big name leaving Google DeepMind.
Investing in multi-agent AI safety research
Google DeepMind and partners announce a $10M funding call for multi-agent safety research.
Strengthening Singapore’s AI Future: A New National Partnership
Google DeepMind and Singapore partner to apply frontier AI to address complex challenges across health, education, and sustainability and more.
The CEO of Allbirds’ new AI biz has a plan, but no employees
Call it a startup with a sole founder and a very large seed round, but what's next is less clear.
General Intuition in talks to raise $300M at around $2B valuation
The startup trains embodied AI and world models using Medal’s dataset of 2 billion videos per year from 10 million monthly active users.
Snap spins off AI video team into new company, Dotmo, due to costs
The Snapchat maker is spinning off yet another internal unit. Dotmo will be composed of current Snap staff who are leaving the social media company to focus on AI video development.
AI inference startup Baseten reportedly raising $1.5B months after its last mega-round
Startup Baseten is reportedly close to finalizing a $1.5 billion round at a $13 billion as the “inference gold rush" marches on.
OpenAI is bringing on some big guns in the lead-up to its IPO
OpenAI is bulking up before its IPO, landing Transformer co-inventor Noam Shazeer from Google DeepMind and former Trump AI policy official Dean Ball in the same week.
Source: Elastic agrees to buy CRV-backed DeductiveAI for up to $85M
DeductiveAI, a startup that uses AI to catch and resolve bugs in software, was founded just three years ago.