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AI & Enterprise

Nvidia-backed U.S. AI firm Runway to set up European headquarters in London

U.S. AI company Runway will make London its European headquarters and invest more than $200 million in the UK artificial intelligence ecosystem by the end of 2028. CNBC reported that the company plans to expand its European business and research organisation from London. Runway recently raised $315 million in a Series E round that included General Atlantic, AMD Ventures and Nvidia, valuing it at $5.3 billion.

AI & Enterprise

Anthropic-led joint venture buys Fractional AI to step up custom enterprise AI services

An AI services venture jointly funded by Anthropic, Blackstone and Hellman & Friedman has acquired San Francisco-based applied AI services firm Fractional AI, SiliconANGLE reported on May 21. The deal value was not disclosed. The venture is backed by $1.5 billion in total commitments from Anthropic, Blackstone, Hellman & Friedman and Goldman Sachs to help mid-sized companies adopt Claude for core business work.

AI & Enterprise

AI-era SI business emerges as major tech firms launch FDE push

Views on software customization in enterprise software are shifting as AI agents spread, with some in the industry saying optimization is becoming a future-defining keyword. Calls are growing for system integration-style work to build software to customer needs, with some arguing AI agents without customization struggle in enterprise markets. Major AI firms are expanding hiring of forward deployed engineers and forming joint ventures to support deployments, while executives say deploying agents is complex and requires deep process understanding.