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Palo Alto Networks in Talks to Pay $500 Million for AI Security Startup

Palo Alto Networks is in talks to buy three-year-old Israeli security startup Clutch Security for around $500 million, according to people familiar with the matter. If finalized, the acquisition would be the fifth Palo Alto Networks has announced this year, as CEO Nikesh Arora seeks to bolster the company’s products that counter new AI threats. Clutch develops software that helps companies track passwords and authentication codes used by AI agents.

China Blocks SoftBank’s $5.4 Billion ABB Robotics Deal

SoftBank struck a deal to acquire the company in Oct last year

Sequoia Closes London Office to Focus on Silicon Valley

The venture capital firm said it didn’t see a need for a European presence, amid a number of other structural changes it is making.

Snap Reports Anemic Ad Growth

Snap's daily user numbers were flat in the U.S. and Europe from the previous quarter, down from a year earlier.

Exclusive: Microsoft Lowered Data Center Spending Following Delays By Cloud Firm Iren

Iren, which reports earnings this week, is facing pressure as borrowing costs have risen.

DOJ Seeks Documents in Rippling, Deel Spy Case

The Department of Justice subpoenaed Rippling, seeking all documents produced during discovery in an alleged corporate espionage lawsuit the company is waging against rival startup Deel.

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OpenAI Agrees to Buy Software Startup Pierre to Bolster Codex

Pierre makes developer tools that are already being used by Codex, OpenAI’s AI coding agent.

Uber Plans to Invest More to Build Self-Driving Car Availability

Uber is looking to bring in outside capital to help finance a big expansion of self-driving cars operating on its platform by 2028.

Stablecoin Issuer Circle Cuts 5% Jobs

Circle CEO says Binance remains “powerful” after suffering a $6.3 billion hack.

Chip Stocks and Neoclouds Sell Off on Election Results

Big tech stocks rose amid a broader market rally, reflecting greater certainty about the future.

Exclusive: Researcher Finds Vulnerability in Software Used for Data Centers

The vulnerability, patched Wednesday, would have allowed attackers to run their own code on the servers within datacenters and hijack websites.

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