Artificial Intelligence

Accel Raises $3.5 Billion To Invest In Emerging Global AI Startups

By Amit Chowdhry ● Aug 11, 2026

Accel has raised $3.5 billion in new capital to invest in emerging technology companies around the world, expanding the venture capital firm's firepower as artificial intelligence continues to reshape the startup market, according to Bloomberg.

Google Gemini App Surpasses 1 Billion Monthly Users As Voice, Images, And Automation Drive Growth

By Amit Chowdhry ● Aug 11, 2026

Google's Gemini app has surpassed 1 billion monthly users, with the company describing it as the fastest-growing product in Google's history. Google said the milestone reflects increasing use of Gemini across voice interactions, real-time visual assistance, education, content creation and automated tasks across third-party applications.

Grindr: AI-Native Overhaul Accelerates Edge Product Roadmap As Revenue Surges 33%

By Amit Chowdhry ● Aug 11, 2026

Grindr is moving toward what management calls an AI-native operating model as strong user engagement and operating leverage allow the company to accelerate its product roadmap, including development of next-generation offerings such as Edge.

Fastly: AI Traffic Grows 6.5x Faster Than Human Traffic As Skyfire Brings Agent Commerce To The Edge

By Amit Chowdhry ● Aug 11, 2026

Fastly is positioning its edge cloud platform for a rapidly expanding machine-driven internet, with company research finding that AI traffic is growing 6.5 times faster than human traffic this year as Fastly builds infrastructure for AI agents and low-latency AI workloads.

Doximity: AI Search Queries Jump More Than 25% As Workflow Active Prescribers Grow Over 30%

By Amit Chowdhry ● Aug 11, 2026

Doximity is seeing accelerating adoption of its artificial intelligence and healthcare workflow tools, with AI Search queries increasing more than 25% quarter-over-quarter and workflow active prescribers growing more than 30% year-over-year during its fiscal first quarter of 2027.

Rapid7 Cuts 12% Of Workforce As It Shifts Resources Toward AI-First Cybersecurity Platform

By Amit Chowdhry ● Aug 11, 2026

Rapid7 is reducing its workforce by approximately 12% as the cybersecurity company restructures around its core platform and increases investment in AI-powered security operations.

River AI Raises $1.1 Billion To Build Open AI Stack

By Amit Chowdhry ● Aug 11, 2026

River AI has raised $1.1 billion in funding led by General Catalyst and AMP PBC to build a full-stack artificial intelligence platform focused on open models, customization and personal AI. The round also included strategic investments from NVIDIA and AMD Ventures, with additional participation from Y Combinator and Temasek.

Feathery Launches AI-Powered Proposal Generation For Wealth Management Firms

By Amit Chowdhry ● Aug 11, 2026

Feathery has launched an AI-powered proposal generation solution designed to help wealth management firms create personalized client proposals at scale. The new capability brings together client data, financial planning documents, advisor expertise and firm-approved templates within a single AI workspace.

Auddia Clears SEC S-4 Milestone For Merger To Form McCarthy Finney

By Amit Chowdhry ● Aug 11, 2026

Auddia has cleared a major regulatory milestone in its proposed merger with Thramann Holdings after the U.S. Securities and Exchange Commission declared effective the company’s Form S-4 registration statement. The effectiveness moves the transaction into its final procedural phase.