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But we saved everything 🙂.
Harry Stebbings highlights a week filled with significant news across the tech and finance sectors. Airtable was sold for $1.285 billion, marking a major acquisition. Moonshot AI raised $3.5 billion at a $35 billion valuation, demonstrating continued investor interest in artificial intelligence. Additional stories include Leo Aschenbrenner's situational awareness gaining attention, an Anthropic model breaching three companies' security, and Palantir outperforming others in big tech earnings.
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Earlier this year, Harry Stebbings reported that Wix was valued at $2.1 billion despite generating the same amount in annual recurring revenue, amid challenges for SaaS firms (Wix valued at $2.1BN despite $2.1BN ARR). He also highlighted projections that the data market could reach at least $100 billion by 2030, citing durable demand for data (Data market could reach $100 billion by 2030). These earlier observations provide context for the continuing focus on high-value deals and emerging technology.