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AI cybersecurity firm Armis, co-founded by Yevgeny Dibrov and Nadir Izrael, aims to achieve over $1 billion in annual recurring revenue (ARR) within three years and plans an IPO in the next 12 to 24 months, contingent on market conditions. Under President Alex Mosher, who previously served as Chief Revenue Officer, Armis has grown from less than $20 million in ARR in 2021 to over $250 million today, employing around 850 people globally. The company’s recent acquisition strategy, totaling approximately $290 million for three firms in 12 months, reflects a broader trend of consolidation in the cybersecurity sector as firms prepare for public offerings.
PhonePe and Google Pay continue to dominate the UPI market as of March, maintaining their lead in transactions. Meanwhile, CRED has experienced a decline in market share, indicating a shift in the competitive landscape of digital payment platforms.
A UPI outage has once again disrupted payment services, causing significant issues for users of popular platforms such as PhonePe, Google Pay, and Paytm. The ongoing technical difficulties have left many unable to complete transactions, highlighting the vulnerability of digital payment systems.
Alphabet and Nvidia have invested in Safe Superintelligence (SSI), an AI startup co-founded by former OpenAI chief scientist Ilya Sutskever, which is now valued at $32 billion. This investment strategy allows tech giants to support AI startups while simultaneously driving demand for their computing infrastructure, particularly Google's TPUs. As competition in the AI chip market intensifies, SSI's preference for TPUs over Nvidia's GPUs highlights a significant shift, with the AI chip market projected to grow substantially by 2030.
Meta is set to face an antitrust trial on April 14, initiated by the FTC, which alleges the company monopolizes the personal social networking market through its acquisitions of Instagram and WhatsApp. The trial will examine the FTC's market definition and whether Meta's actions harmed competition, with key testimonies from Meta executives and rivals like TikTok and Snap.
Google has recently laid off hundreds of employees from its Android and Pixel teams as part of ongoing job cuts. This move reflects the company's efforts to streamline operations amid changing market conditions. The layoffs are part of a broader trend in the tech industry, where companies are reassessing their workforce.
Google has laid off hundreds in its platforms and devices division, which includes Android, Pixel, and Chrome, as part of ongoing restructuring efforts. This follows a voluntary exit program and reflects a broader trend in the tech industry, where companies are reallocating resources towards AI investments amid significant job cuts. The layoffs are seen as a strategic realignment rather than purely financial decisions, with a focus on enhancing AI integration across products.
Alphabet's Google has laid off hundreds of employees in its platforms and devices unit, which includes Android, Pixel, and Chrome. This decision follows earlier voluntary exit offers and aims to streamline operations after the merger of the Platforms and Devices teams. In January, the company announced plans to cut 12,000 jobs, representing 6% of its global workforce.
Google has announced a significant price reduction for its Workspace applications for US federal agencies, offering discounts of up to 71% through an agreement with the General Services Administration, potentially saving the government up to $2 billion. This move aligns with the administration's push for cost-cutting amid heightened scrutiny of federal technology procurement, where agencies are under pressure to reduce spending. As Microsoft holds an 85% share of the government software market, Google's aggressive pricing strategy aims to challenge this dominance and expand its presence in the sector.
Google has agreed to pay $100 million to settle a lawsuit alleging it overcharged advertisers and failed to provide promised discounts. The case, filed in 2011, claimed the company manipulated its pricing formula and breached contracts with advertisers. The settlement, pending judicial approval, will benefit those who used Google AdWords from 2004 to 2012, with plaintiffs' lawyers potentially claiming up to 33% of the settlement amount.
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Armis targets one billion in annual revenue ahead of planned IPO
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CarbonMeta Technologies, Inc.
Google Inc.
Broadcom Inc.
WIZIT Co., Ltd.
USA
Yevgeny Dibrov
Nadir Izrael
Alex Mosher
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09:30 14.04.2025
PhonePe and Google Pay dominate UPI market while CRED declines
11:05 12.04.2025
UPI outage causes payment disruptions for users on major platforms
09:42 12.04.2025
Alphabet and Nvidia back AI startup Safe Superintelligence valued at 32 billion
United States Dollar
Alphabet Inc.
Amazon.com, Inc.
Google Inc.
OpenAI ERC USD
Microsoft Corporation
NVIDIA Corporation
USA
Ilya Sutskever
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06:30 12.04.2025
meta faces antitrust trial over market dominance allegations starting april 14
United States Dollar
Google Inc.
Snap Inc.
Tiktok USD
USA
Andrew Ferguson
Sheryl Sandberg
Mark Zuckerberg
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02:30 12.04.2025
Google cuts hundreds of jobs in Android and Pixel teams
23:57 11.04.2025
Google implements layoffs in platforms and devices division amid restructuring efforts
09:20 11.04.2025
google lays off hundreds in android and pixel division
08:29 11.04.2025
Google reduces Workspace prices for US federal agencies by up to 71 percent
06:50 11.04.2025
google settles advertising lawsuit for 100 million after 14 years
14:15 10.04.2025
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