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A group of former Google and Stripe executives has raised $56 million for their AI agent startup, /dev/agents, which aims to create a cloud-based operating system for AI agents. The funding round, led by Index Ventures and CapitalG, values the company at $500 million. The founders, experienced in developing operating systems, believe a common framework is essential for the future of AI agents, similar to Android for mobile apps.
Nvidia's quarterly results exceeded expectations, dispelling concerns over its Blackwell chips, with improved gross margins anticipated next year. Following this, Nvidia shares are set to open over 1% higher, contributing to a positive trend in U.S. stock benchmarks. Meanwhile, Palo Alto Networks reported a strong quarter, highlighting a 21% increase in remaining performance obligations, as CEO Nikesh Arora shifts focus from billings to a more accurate growth depiction.
Palo Alto Networks experienced a stock drop despite reporting strong earnings and raising its outlook, which did not impress Wall Street. CEO Nikesh Arora, speaking at the TEC Summit, reassured investors not to be concerned about the decline following the positive financial results.
Nikesh Arora
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former google and stripe executives raise 56 million for ai agent startup
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David Singleton
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Nikesh Arora
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15:00 26.11.2024
vidia and palo alto networks report strong earnings boosting market optimism
15:14 21.11.2024
Palo Alto Networks stock drops despite strong earnings report and outlook
02:13 21.11.2024
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