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Canva launches employee stock sale at $42bn valuation
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Canva launches employee stock sale at $42bn valuation

Australian graphic design platform Canva has initiated an employee stock sale valuing the company at $42 billion, according to a Bloomberg report on Tuesday. The move allows staff to sell shares to both new and existing investors, including Fidelity Management & Research Company and JPMorgan’s asset management division. Founded in 2013 and headquartered in Sydney, […]

HR company Workday confirms data breach affecting third-party database
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HR company Workday confirms data breach affecting third-party database

One of the world’s largest providers of human resources technology, Workday, has confirmed a data breach that exposed personal information from a third-party database linked to its systems. In a statement published late Friday, the company said hackers accessed a customer relationship database containing contact details such as names, email addresses, and phone numbers. Workday […]

Grammarly unveils new AI-powered document interface
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Grammarly unveils new AI-powered document interface

Grammarly has rolled out a new document-based interface built on technology from Coda, the productivity startup it acquired last year. The redesigned platform combines traditional writing tools with a suite of AI assistants aimed at both students and professionals. The interface adopts a block-first design, allowing users to insert tables, columns, lists, headers, and rich […]

Duolingo CEO defends ‘AI-First’ strategy, says memo misunderstood
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Duolingo CEO defends ‘AI-First’ strategy, says memo misunderstood

Duolingo Chief Executive Officer Luis von Ahn has sought to clarify remarks that sparked criticism earlier this year, insisting that the company’s push to become an “AI-first company” was misinterpreted. Speaking in an interview with The New York Times, von Ahn said the controversy arose largely from a lack of context. “Internally, this was not […]

Figma makes blockbuster NYSE debut, rises $47bn market cap
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Figma makes blockbuster NYSE debut, raises $47bn market cap

Design software company Figma made a triumphant debut on the New York Stock Exchange on Thursday, ending years of anticipation with a dramatic opening that briefly triggered a trading halt due to volatility. Shares of the collaborative design software firm opened at $101 — triple its IPO price of $33 — and fluctuated throughout the […]

Figma targets $16.4bn valuation in NYSE debut
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Figma targets $16.4bn valuation in NYSE debut

Figma is seeking a fully diluted valuation of up to $16.4 billion in its initial public offering, as the collaborative design software firm gears up for a high-profile debut on the New York Stock Exchange. In a regulatory filing on Monday, the company said it and existing shareholders plan to sell nearly 37 million shares […]

US Tech CEO suspended after 'cheating' with HR at Coldplay concert
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US Tech CEO suspended after ‘cheating’ with HR at Coldplay concert

A U.S. tech executive has been suspended after a viral video from a Coldplay concert stirred controversy and allegations of misconduct. Andy Byron, CEO of data orchestration firm Astronomer, was placed on leave after a video showing a couple embracing during the band’s performance at Gillette Stadium in Massachusetts went viral on TikTok and other […]

Coldplay: Tech CEO caught cheating with HR apologizes to family
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Coldplay: Tech CEO caught cheating with HR apologizes to family

The CEO of tech firm Astronomer, Andy Byron, is under fire after being caught in a compromising situation with a senior HR executive during a Coldplay concert in Boston. The incident, which was recorded by concertgoers and has since gone viral, has sparked public backlash and raised questions about leadership ethics and workplace conduct. In […]

News

Substack raises $100m in new funding round, valued at $1.1bn

Newsletter platform Substack has secured $100 million in a Series C funding round, bringing its valuation to $1.1 billion, the company announced on Thursday. The round was led by venture capital firms Bond and the Chernin Group, with additional backing from existing investor Andreessen Horowitz, as well as Klutch Sports Group CEO Rich Paul and […]

IBM launches power-efficient Power11 chips to simplify AI use
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IBM launches power-efficient Power11 chips to simplify AI use

IBM on Tuesday launched a new generation of data center chips and servers designed to enhance energy efficiency and make artificial intelligence easier to implement across business operations. The new Power11 chips mark the first significant upgrade to IBM’s Power line since 2020. These processors are tailored for data-intensive sectors such as financial services, manufacturing, […]

Substack expands video tools, adds livestream clip sharing
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Substack expands video tools, adds livestream clip sharing

Substack, the platform known for powering the newsletter economy, is doubling down on video with a fresh set of tools designed to help creators grow their audiences and promote livestream content more effectively. In a major update announced Wednesday, Substack introduced new features that allow creators to share short clips from their livestreams directly on […]

Grammarly acquires Superhuman to bolster AI-powered productivity suite
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Grammarly acquires Superhuman to bolster AI-powered productivity suite

Writing assistant platform Grammarly has acquired Superhuman, a high-performance email tool, as part of its strategic push to expand into artificial intelligence-powered productivity software. The deal marks a significant step in Grammarly’s efforts to diversify beyond its core grammar-checking services. While the San Francisco-based companies did not disclose the transaction’s value, Superhuman was last valued […]

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