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Ericsson Appoints Per Narvinger President and CEO

Ericsson appointed Per Narvinger, head of Business Area Networks, as President and CEO effective October 1, 2026, succeeding Börje Ekholm, who steps down as CEO on September 30, 2026.

Anthropic raises $4B from Amazon in landmark AI safety deal

Amazon invests up to $4 billion in Anthropic, the AI safety startup behind Claude, marking one of the largest AI investments to date and reshaping the competitive landscape.

Inflection AI raises $1.3B at $4B valuation for Pi personal AI assistant

Inflection AI secured $1.3B led by Microsoft, Reid Hoffman, and Bill Gates at $4B valuation to build Pi—a kind, empathetic personal AI assistant. Microsoft later acquires most of the team in landmark AI talent deal.

Harvey AI raises $100M Series C at $1.5B valuation for legal AI assistant

Harvey AI secures $100M Series C led by Kleiner Perkins at $1.5B valuation, deploying AI-powered legal research and drafting tools at Allen & Overy, PwC, and 100+ law firms globally.

DevRev raises $100M Series A at $1.15B valuation for AI-powered customer support

DevRev secures $100M Series A led by Khosla Ventures at $1.15B valuation, building AI agents that connect customer support with engineering to resolve issues faster and build better products.

Sierra raises $175M Series B at $4.5B valuation for conversational AI platform

Sierra secures $175M Series B led by Greenoaks Capital at $4.5B valuation, just 6 months after $1B Series A, as Bret Taylor's conversational AI platform powers customer service for Fortune 500 companies.

World Labs raises $230M at $1B+ valuation for spatial AI and 3D world models

World Labs secures $230M led by Andreessen Horowitz at $1B+ valuation, as Fei-Fei Li's startup builds AI models that understand 3D space and physics, enabling machines to perceive and interact with the physical world like humans.