AI REVIVES INDEED AS INVESTOR DOUBTS FADE
■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE
Artificial intelligence has driven renewed growth at Indeed, the job-search platform that some investors once viewed as vulnerable to disruption.
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Uber and autonomous vehicle company Pony.ai are expanding their robotaxi partnership beyond Croatia to four additional European cities. The deployment will bring 2,000 autonomous vehicles to the continent.
Hong Kong raised its full-year economic growth outlook after global artificial intelligence investment drove a surge in exports. The economy posted its strongest first-half performance in nearly five years.
A new gas power plant in Texas designed for data centers will operate with significantly less efficient technology than standard gas plants. The trend reflects a broader pattern of data center operators choosing cheaper, dirtier turbines.
Canva's valuation has dropped to $34.9B from $42B, with the design platform's internal valuation falling to $31B from $38.9B. Australian investors Blackbird and Airtree led the downward revaluation.