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AI & Enterprise
U.S. stocks: AI fear trade drags down delivery, payment and software shares
AI-related fear trading reignited in New York, pushing down delivery, payment and software stocks. Bloomberg reported that IBM fell 13 percent, its biggest drop since 2000. The move was sparked by a Citrini Research report posted to social media that outlined risks from AI disruption and suggested AI agents could bypass fees charged by payment processors such as Mastercard and Visa. Separate posts from Anthropic and Nassim Taleb added to the volatility.
AI & Enterprise
Cyera raises $400 million at $9 billion valuation in Series F round
AI data security company Cyera has closed a $400 million Series F funding round and was valued at $9 billion, SiliconANGLE reported on Jan. 8. Investors in the round included Blackstone, Accel, Coatue, Cyberstarts, Georgian, Greenoaks, Lightspeed Venture Partners, Redpoint, Sapphire, Sequoia Capital and Spark. Cyera was valued at $6 billion in June after raising $540 million. The company plans to expand its data access platform and bolster AI defense technologies.
Finance
Wall Street pauses, ends mixed
The three major U.S. stock indexes finished mixed, with early gains fading as selling spread across most sectors. The Dow fell while the S&P 500 slipped and the Nasdaq edged higher, helped by AI-related names. Alphabet surpassed Apple to rank second by market value, with $3.89 trillion versus Apple’s $3.85 trillion. U.S. job openings fell to 7,146,000 in November, the lowest since September 2024.