iRobot, the maker of Roomba, has filed for Chapter 11 bankruptcy. The company is being taken over by its China-based manufacturer, Picea. But CEO Gary Cohen insists warranties will be honored and apps will keep working.
The AI hype in Silicon Valley is hitting a wall with actual customers. According to two CEOs, businesses want practical tools, not buzzwords, and they’re still keeping a human in the loop.
SoftBank needs to find $22.5 billion to fulfill its funding commitment to OpenAI for the Stargate AI data center project. The company is selling stakes in companies like Nvidia and T-Mobile and may borrow against Arm to raise the cash. The deadline is the end of 2025.
According to a Fortune report, OpenAI’s internal compute margins have soared to 70% as of October, up from just 52% at the end of 2023. The company is aggressively pushing its paid business products to cover massive computing costs, but it still isn’t profitable overall.
iRobot, the maker of the Roomba, filed for Chapter 11 bankruptcy in December. Founder Colin Angle says subsidized Chinese rivals like Roborock exploited a “protected market” to outcompete him, while regulators killed a potential rescue deal with Amazon.
After years of uncertainty, TikTok has announced a deal to sell its U.S. operations. The new joint venture will be controlled by American investors, with ByteDance retaining a minority stake.
TikTok has secured a deal to keep operating in the U.S., with a new joint venture set to run its business. Oracle is a key part of the group and will handle national security auditing.
A London Business School professor warns that AI could trigger mass layoffs across industries much faster than new jobs emerge, a mismatch that has historically led to social unrest. Business leaders are deeply divided on whether the technology will be a net destroyer or creator of employment.
The Trump administration is overhauling the H-1B visa system with a proposed wage-based lottery and a new $100,000 fee for overseas hires. The changes favor large tech companies that can pay top dollar, while early-stage startups and new graduates face much longer odds. Immigration lawyers say the l
Adobe just locked in exclusive access to Runway’s new Gen-4.5 video AI model through its Firefly platform. It’s a multi-year partnership that also promises co-developed tools for pro workflows. This is a major power play in the crowded generative video space.
