ServiceTitan Stock Dips Due to AI Fears

Kirkland Invests $500 Million in AI Platform

Kirkland & Ellis is investing $500 million to build its own artificial intelligence platform. This move is expected to give the firm an edge over rivals. The firm will fund its AI platform from its own revenues. This is because law firms are banned from raising equity financing or sharing fees with non-lawyers. Only a few wealthy law firms can make such investments. This limits access to justice for many people. As many as 90% of Americans show up to state court without a lawyer. New rules may change this by allowing law firms to accept equity investment from non-lawyers.

Roblox Acquires AI Teams

Roblox acquired teams from Morpheus AI, Dynamics Lab, and Lucid AI. This move will help Roblox create interactive and photorealistic world models. The new teams will help Roblox overcome major hurdles in interactive AI, such as latency and quality. Morpheus AI's technology can convert slow video models into fast and interactive generation engines. This will allow Roblox to create more realistic and engaging worlds. Roblox will use the new technologies to accelerate its Reality Vision, with the goal of creating a more immersive and interactive experience for users. The future of Roblox will be more realistic and engaging.

Teradata Cuts Salary Raises to Fund AI Investments

Teradata told its 5100 employees not to expect a salary raise this year. The company will use the budget for AI investments. The decision affects employees in countries where regulators do not require market-aligned salary adjustments. This change is part of a larger trend where companies are increasing AI spending. A recent survey found that 90% of IT professionals plan to increase AI spending in 2026. Companies like Teradata are shifting their budgets to stay competitive with AI. Teradata employees may still receive performance-based bonuses and equity shares. The company will continue to invest in AI to innovate its products and services, and this shift will likely impact its business in the years to come.

Kevin O'Leary Shrinks Utah Data Center Plan

Kevin O'Leary will shrink his planned AI data center campus in Utah. The project was initially 40,000 acres. The original plan faced backlash from many sides. O'Leary's change may help reduce opposition. The project's size was a key issue for many critics. O'Leary's decision will be closely watched in the coming weeks.

GitLab Lays Off 350 Employees

GitLab laid off about 350 employees, 14% of its workforce, as part of a restructuring effort. The company is restructuring to exit 22 countries and invest in infrastructure to scale its platform. This change is due to increased traffic from AI workflows. GitLab's revenue is up 23% from last year, but the company needs to adapt to AI workloads. GitLab will rebuild its infrastructure to support 100x growth.