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Category: finance – Page 4

What do albatrosses searching for food, stock market fluctuations, and the dispersal patterns of seeds in the wind have in common?

They all exhibit a type of movement pattern called Lévy walk, which is characterized by a flurry of short, localized movements interspersed with occasional, long leaps. For living organisms, this is an for balancing the exploitation of nearby resources with the exploration of new opportunities when the distribution of resources is sparse and unknown.

Originally described in the context of particles drifting through liquid, Lévy walk has been found to accurately describe a very wide range of phenomena, from cold atom dynamics to swarming bacteria. And now, a study published in Complexity has for the first time found Lévy walk in the movements of competing groups of organisms: soccer teams.

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ServiceNow, which provides businesses with outsourced IT and customer service support as well as other digital services, said it was buying the business process automation company Moveworks for $2.85 billion in cash and stock. The Santa Clara, California-based ServiceNow framed the acquisition around the burgeoning market for AI agents that can perform digital tasks for people, often involving the use of other software.

The company is among a clutch of competing software giants, including Salesforce, Microsoft, and Alphabet’s Google, that are building platforms that enable companies to automate work with AI agents. ServiceNow said the purchase would allow it to combine its own agentic AI and automation capabilities with Moveworks’ AI assistant, as well as Movework’s prowess in providing AI-based search tools that allow organizations to find information within their own large data pools.

Gina Mastantuono, ServiceNow’s president and chief financial officer, told Fortune that while ServiceNow’s AI agents primarily automate specific back-end tasks, Moveworks had built an elegant front-end AI assistant that can perform a wide range of different tasks.

The same interface works for both people requesting a task to be fulfilled and for the people who are normally responsible for fulfilling those requests. More than 90% of the customers that use Moveworks’ AI assistant have rolled it out to their entire workforce—a reach into the employee base that Mastantuono said was attractive to ServiceNow.

The combined companies would be able to build what ServiceNow said would be a powerful universal AI assistant, along with more perceptive AI-based enterprise search to find answers to requests, automate and complete everyday tasks, and increase productivity.

(https://open.substack.com/pub/remunerationlabs/p/servicenow-…hare=true)

Continue reading “ServiceNow Buys AI Agent Company Moveworks For .85 Billion” | >

TAMPA, Fla. — Star Catcher Industries, a startup designing spacecraft to beam solar energy to other satellites in low Earth orbit, has secured funding from Florida’s economic development agency to demonstrate the technology at a former Space Shuttle landing site.

Space Florida is providing a $2 million financial package for the one-year-old venture, Star Catcher CEO Andrew Rush told SpaceNews March 7, with most of the funds supporting tests this summer from Space Florida’s Launch and Landing Facility at the Cape — one of the longest runways in the world.

Rush said Star Catcher plans to use the facility to demonstrate its ability to beam hundreds of watts of energy to multiple simulated satellites simultaneously from more than a kilometer away, marking a critical proof point for the Jacksonville, Florida-based startup’s technology.

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Happy International Women’s Day to all the women around the world!

I had a great time interviewing Theodora Lau for the (A)bsolutely (I)ncredible podcast on Thursday, ahead of International Women’s Day.

S new book on Amazon: [ https://amzn.to/4iwVogr](https://amzn.to/4iwVogr) ‘ + s Day is this Saturday, and LinkedIn News is spotlighting conversations around today LinkedIn News asked me to share a short-form video about a lesson a woman mentor or colleague taught me and post it with the hashtag #IWD25

S Theodora with her perspective on representation in Artificial Intelligence and in financial services… + m still editing the full interview I will post some more shorts like this one from the interview today for International Women Join the conversation by sharing a short-form video about a lesson a woman mentor or colleague taught you that still shapes your career today using the hashtag #IWD25 to show your support for billions of women around the world.

D like to promote your (A)bsolutely (I)ncredible executive, brand, or product in an interview on the Neural News Network reach out to me directly.

There is no lack of hype around artificial intelligence. We have only begun to scratch the surface of what this powerful technology can do. While tech and financial services become more intertwined, cutting through the noise has become more difficult but also more crucial.

Continue reading “Banking on (Artificial) Intelligence: Navigating the Realities of AI in Financial Services” | >

A newly devised “polymorphic” attack allows malicious Chrome extensions to morph into other browser extensions, including password managers, crypto wallets, and banking apps, to steal sensitive information.

The attack was devised by SquareX Labs, which warns of its practicality and feasibility on the latest version of Chrome. The researchers have responsibly disclosed the attack to Google.

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OpenAI is betting big on ChatGPT, which is generating at least $4 billion in annualized revenue. But that’s not the only application the AI firm is hoping will make big bucks. If you saw our story last month detailing OpenAI’s financial projections, you might have noticed an intriguing reference…

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Threat actors deploying the Black Basta and CACTUS ransomware families have been found to rely on the same BackConnect (BC) module for maintaining persistent control over infected hosts, a sign that affiliates previously associated with Black Basta may have transitioned to CACTUS.

“Once infiltrated, it grants attackers a wide range of remote control capabilities, allowing them to execute commands on the infected machine,” Trend Micro said in a Monday analysis. “This enables them to steal sensitive data, such as login credentials, financial information, and personal files.”

It’s worth noting that details of the BC module, which the cybersecurity company is tracking as QBACKCONNECT owing to overlaps with the QakBot loader, was first documented in late January 2025 by both Walmart’s Cyber Intelligence team and Sophos, the latter of which has designated the cluster the name STAC5777.

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REDMOND, Wash. — March 3, 2025 — On Monday, Microsoft Corp. is unveiling Microsoft Dragon Copilot, the first AI assistant for clinical workflow that brings together the trusted natural language voice dictation capabilities of DMO with the ambient listening capabilities of DAX, fine-tuned generative AI and healthcare-adapted safeguards. Part of Microsoft Cloud for Healthcare, Dragon Copilot is built on a secure modern architecture that enables organizations to deliver enhanced experiences and outcomes across care settings for providers and patients alike.

Clinician burnout in the U.S. dropped from 53% in 2023 to 48% in 2024, in part due to technology advancements. However, with an aging population, and persistent burnout felt across the profession, a significant U.S. workforce shortage is projected. In response, health systems are adopting AI to streamline administrative tasks, enhance care access, and enable faster clinical insights to improve healthcare globally.

“At Microsoft, we have long believed that AI has the incredible potential to free clinicians from much of the administrative burden in healthcare and enable them to refocus on taking care of patients,” said Joe Petro, corporate vice president of Microsoft Health and Life Sciences Solutions and Platforms. “With the launch of our new Dragon Copilot, we are introducing the first unified voice AI experience to the market, drawing on our trusted, decades-long expertise that has consistently enhanced provider wellness and improved clinical and financial outcomes for provider organizations and the patients they serve.”

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Anthropic closed a $3.5 billion series E funding round, valuing the AI company at $61.5 billion post-money, the firm announced today. Lightspeed Venture Partners led the round with a $1 billion contribution, cementing Anthropic’s status as one of the world’s most valuable private companies and demonstrating investors’ unwavering appetite for leading AI developers despite already astronomical valuations.

The financing attracted participation from an impressive roster of investors including Salesforce Ventures, Cisco Investments, Fidelity Management & Research Company, General Catalyst, D1 Capital Partners, Jane Street, Menlo Ventures and Bessemer Venture Partners.

With this investment, Anthropic will advance its development of next-generation AI systems, expand its compute capacity, deepen its research in ten and alignment, and accelerate its international expansion, the company said in its announcement.

Anthropic’s dramatic valuation reflects its exceptional commercial momentum. The company’s annualized revenue reached $1 billion by December 2024, representing a tenfold increase year-over-year, according to people familiar with the company’s finances. That growth has accelerated further, with revenue reportedly increasing by 30% in just the first two months of 2025, according to a Bloomberg report.

Founded in 2021 by former OpenAI researchers including siblings Dario and Daniela Amodei, Anthropic has positioned itself as a more research-focused and safety-oriented alternative to its chief rival. The company’s Claude chatbot has gained significant market share since its public launch in March 2023, particularly in enterprise applications.

Krishna Rao, Anthropic’s CFO, said in a statement that the investment fuels our development of more intelligent and capable AI systems that expand what humans can achieve, adding that continued advances in scaling across all aspects of model training are powering breakthroughs in intelligence and expertise.

Continue reading “Anthropic Raises .5 Billion, Reaching .5 Billion Valuation As AI Investment Frenzy Continues” | >