Cerebras raised $5.5 billion in its IPO on Thursday, pricing shares at $185 Wednesday evening, way higher than its range ($115 to $125, later raised to $150-$160), even as it increased the size of the offering to 30 million shares. And pre-market trading indicates that shares are going to open with a giant pop, as…

Ian Crosby, whose previous startup Bench Accounting famously shut down in 2024 before being bought for scraps, is taking another shot at building a business out of automating the arduous work of bookkeeping. His new startup, Synthetic, aims to build a fully autonomous AI bookkeeper that can generate accrual-based financials without direct human involvement. Although…

Earlier this year, Donncha Ó Cearbhaill, a security researcher who investigates spyware attacks, found himself in an unusual position. For once, he became the target of hackers. “Dear User, this is Signal Security Support ChatBot. We have noticed suspicious activity on your device, which could have led to data leak,” read a message he received…

Jada Jones/ZDNET Follow ZDNET: Add us as a preferred source on Google. ZDNET’s key takeaways Headphone use at too high a volume for too long can damage your hearing. Once your inner ear is damaged, the damage is permanent. Your headphones and smartphone have features to protect your hearing health. Preserving your hearing is an important aspect…

For the first time, Anthropic has more verified business customers than OpenAI, according to this month’s AI Index from the fintech firm Ramp.  The survey, compiled from Ramp’s clients’ expense data, shows 34.4% of participating businesses are paying for Anthropic services, more than any other AI lab, while only 32.3% pay for OpenAI. It is…

U.S. House lawmakers are demanding representatives from Instructure, the twice-hacked education software maker, testify about the company’s response to cyberattacks that allowed hackers to steal the personal data of millions of students worldwide. The House Homeland Security Committee is investigating the hacks and data breach as it has jurisdiction over government activities relating to homeland…

The Securities and Exchange Commission officially proposed last week to weaken the quarterly reporting standards for publicly traded companies. So far, public comments submitted to the financial regulator about the idea are overwhelmingly negative. But the best objection was filed yesterday by the popular subreddit, WallStreetBets. The community of “approximately 18 million retail investors on…

Another year, another massive influx of capital for Anduril: The funding round that was rumored to be in process in March has officially closed. Anduril has raised a $5 billion Series H round at a $61 billion valuation, led by returning investors Thrive Capital and Andreessen Horowitz, the company announced Wednesday. This is more than…

While AI is now being applied to everything from healthcare to customer support, no single use case has yet been nearly as popular or lucrative as code writing. Jack Newton, co-founder and CEO of Clio, a Canadian law firm management software company, is convinced that legal tech is poised to be the next big winner…